Ubiquitech Software Corp (UBQU)

[somanymike]

Note 10 says:

"The notes contain a conversion feature whereby the notes are convertible in whole or in part, at the sole discretion of the holder, into shares of common stock at a conversion price of $.001 per share or the company "par" value."

I took that to mean that basically their 300k loan for cryptobuy will be paid back @ .001 per share. Meaning Common Sense Holdings will, with the stock price being .01, receive 3m dollars worth of shares for the 300k loan.

When this concept is applied to previous debt and converted shares, it breaks down to be correct.

MAYBE CHS would only loan the money if they got the same deal, but Ballas is confident he can pay it in cash. If that's the case, ubqu will be fine. We will find out at or about April 15th.