Ubiquitech Software Corp (UBQU)

[Fallingknife75]

I’m sure there is a combination of causes; we have gone over many of them previously. I do, however, think the note conversions have been downplayed by some and the true impact has been underestimated. I’ve got an extra minute so here is some math on the subject; from the Q2-Q3 filings.

Long term debt May 31st = $696,516.
Long term debt Aug 31st = $549,136.
Total converted Q3------= $147,380 = 147,380,000 shares.

FINRA has a nice page for monthly share volume which comes in handy from time to time; http://otce.finra.org/MonthlyShareVolume
UBQU’s monthly share volume for the last quarter was:

June - 96,780,648
July - 97,010,776
Aug - 142,010,085
Total shares traded Q3 = 335,801,509 shares.

% of conversion shares from total trading during Q3 = 147,380,000/335,801,509 = .43889 = 43.889%

Nearly 44% of all trading last fiscal quarter was note conversions alone (assuming all conversions were sold into the market which is logical).

No, note conversions were not the only cause of the recent price decline. However its true impact must be accurately accounted for in order to make informed trading/investing decisions.

All the best,

Knife