Ubiquitech Software Corp (UBQU)

[somanymike]

No problem.

Authorized is what UBQU was given in total. As of Nov. 30 2018, 900m.

Issued is what they have used. Paid debt, sold to market, whatever.

Outstanding is what's in between. They are authorized to have them, but haven't done anything with them yet. In ubqu case, they will (already have) use them to pay those debts. They will receive .001 credit toward their debt for the shares. The lender (Common sense Holdings for example) can sell them (Convert them) to market for market price.

So they had 185m, convertible to pay 185k in debt at .001. Yet they had way more debt than that.

Initially, they had just enough shares to cover their debt. That was the case right up until they borrowed more money from the same people with the same lousy terms.

With almost 450k in inventory and showing profits like they are, a bank would have loaned them the money. But then how would they move 3 million dollars of investor (you and me) money from a publicly traded company to a private one without it being illegal?