Ubiquitech Software Corp (UBQU)

[somanymike]

I have full confidence in the sector. I don't have confidence in Ballas. My doubts are based 100% on their funding practices. If you look at the fins, it is very clear that Ballas is funneling investors money to Common Sense Holdings, and a few other of his golfing buddies. I'm sure a good chunk of it finds its way back to him.

If you have 500k in the bank, are you going to go out and borrow 500k (Which will be paid back as 5 million), for what is basically a pet project?

Either:

1. (Poor management)They chose to expand faster than they can afford (Like borrowing money from a loan shark to go to Disney Land), or

2. (Illegal/dishonest actions by management) He is using these loans to basically give free shares to whomever he chooses, in the hundreds of millions.

CSH bought over 5 million dollars worth of shares for less than 1/2 million dollars. That's just a fact that is obvious in the financial statements. Either way, doesn't make for a good investment, or even a good gamble for those that like to gamble on Penny Stocks.