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Friday, May 04, 2018 11:09:39 PM
James Ballas, CEO of UBQU is responsible for HIS behavior as CEO of a public company. IF he has done things that are NOT above board, he must pay a price for those actions!
My inlaws lost over $100K of money they could not afford to lose due to bad behavior by leadership of a company they invested in. The good news is that OTC companies are monitored by the SEC, FINRA and the FBI will get involved. Here's just one example of a CEO who was caught and punished for bad behavior:
https://archives.fbi.gov/archives/louisville/press-releases/2012/former-president-of-lexington-company-sentenced-to-18-years-for-multi-million-dollar-fraud-scheme
Like I said prior, stop listening to what people say and watch what they do! We all want to believe people do the right thing, but greed and power are powerful corrupters. This is why you need to keep all documentation of any correspondence, deliverables announced but not executed, evidence of potential stock manipulation. It's imperative we stick together and act as a team so that IF it turns out there has been bad behavior by UBQU's leadership, we have evidence to form a strong case that leads to their punishment.
No one made James Ballas make UBQU a public company. That was a choice and with that choice comes responsibility to shareholders!
As stated before, I retired from corporate life at 48 to focus on family and other interests. I am not a trader but an investor and have 2.4M shares of UBQU. I don't flip. I only invest in companies with a unique value proposition, low market cap relative to shares outstanding and in industries I feel can add value to peoples lives.
CBD/Cannabis can truly help people so I rally behind companies who can make a difference and tend to support them with my hard earned money.
However, I have absolutely NO patience for leadership of a company who perform bad behavior. My handle reflects what I'm about.
Please make sure you save all documentation and truly hold leadership accountable. If you do not, there will be NO changes. If Mr. Ballas feels he doesn't need to be accountable he will not until shareholders make him be accountable. Therefore, the share price will never reflect the true value of the company's worth.
Enjoy the weekend.
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