Ubiquitech Software Corp (UBQU)

[somanymike]

The worst-case, but more plausible with each quarter, is that the entire focus has been on getting those shares to the "lenders" to be converted into millions of dollars (between 9 and 18 million dollars so far). Once that is completed, which is this month give or take a few weeks, the company/books/financials/share price/share holders are left in ruins. Once the shares are converted, why would they care what happens to the share price? 9-18 million dollars for 2 years of work will be considered a success for the golf buddies that split that money up.

Worst part, it's probably not even illegal. Now some of their actions probably push the limits. But taking stupid loans and paying them back with convertible shares in itself is not illegal. Immoral, unethical, dishonest to shareholders, yes. But probably not illegal.