InvestorsHub Logo
Followers 13
Posts 2108
Boards Moderated 0
Alias Born 10/03/2016

Re: Wingus37 post# 38082

Friday, 06/29/2018 12:27:41 PM

Friday, June 29, 2018 12:27:41 PM

Post# of 76908
.001. Check the disclosures here: https://www.otcmarkets.com/stock/UBQU/disclosure .

They were paying off old convertible debt with shares @ .001. Had it paid down from something like 900k to about 400k (At that stupid .001 rate so they paid millions in shares to reduce the debt by 400-500k). And when they got it down to a reasonable number THEY BORROWED MORE FROM THE SAME LENDERS AT THE SAME RATES (presumably for cryptobuy.com, but it just says software or something like that)! Worst business decision since New Coke.