Ubiquitech Software Corp (UBQU)

[somanymike]

Lol, really? The reason people are going after the SEC is to recoup money lost to these guys inept and likely illegal business practices. IF someone told them they would accept shares as payment (which could immediately be converted to cash, as seen in the daily 5 million share conversion), then that would be reasonable. I personally hope the SEC looks very closely at how ubqu has handled the debt and conversions, but I got out when it became obvious they were bilking investors so it won't help me recoup the profits that disappeared when they announced that they had acquired more convertible debt at the same time they "invested" amounts equal to the debt into these phantom, money funneling projects.

So far you guys (share holders losing money to conversions) have paid something like 3.5 million dollars for a website that doesn't exist a year after is was supposed to go online. But here we are, with people defending the company not because they believe in the company but because they want other investors to jump in and run the SP up so they can bail without a MASSIVE loss.