a theory to stay positive:
Timeline:
Ballas asks for 5B shares @ 0010
big dilution dumps always minimum 100M start to dump at 0017. drives it into trips, but eh, let's assume Ballas isn't a great mathematician, that's ok because 17 is greater than 0010
dilution and negative sentiment drives price into trips. more press releases happen. positive leaning ones. because usually, UBQU would pop in past even on neutral - positive leaning news without details
stock price still goes down, but daily trades enter 600M +
then the day of huge dilution dumps, 800M shares, drives it from trip 9 to trip 4
then new press release, 10B shares now at 0010, but press release promise no more convertible shares redemption for 3 monnths
then last two days, 67M trades yesterday, now maybe 30-50M trades today. dilution stops.
theory: Ballas figured out maybe from hate posts here or just simple math he can't dump 5 billion shares when trading range is in trips and make enough money to float whatever plans he had, for good or ill. So he doubles down with the lender, gets the money he needs and stops ….not the toxic dilution, but the really really stupid mass dilution dumps that resemble the way professional shorters drive the price down.
so at this point the asks are thin, it's just lunch money makers mixed with desperadoes trying to keep the price down or just get the eff out.
long holders have higher asks.
but bids are still big, which means bidders still have optimism, as stated in many of my rants only a reverse split would be bad on forseeable horizon.
if stock gets back above 10, perhaps just perhaps you'll see massive 100M share dumps again...or maybe by doubling down Ballas has given investors a little hope to increase asking range.
If not, well he's got double the money he originally hoped for, and in 3 months if desperate then he can dump.
3 months will be enough time to see sales that came from ambassador etc, also see sales fueled by advertising....a lot can happen for pennies in 3 months.
also lunch money makers aren't as prevalent, because you'd see almost as much selling 6 to 5 as buying 5 to 6. even with this trading, without fees, 25M shares at trip 1 difference is a whopping 2500 bux. not enough for Jason bond goblins. prolly why you are seeing sentiment and hope for trip 4 or trip 1. stock not moving enough for shorters.
I think fear from that 800M dump day is holding it back passively. but next week is another week. and those of us who know the dilute dump could come back have accepted the plays of the bears and set our orders at trip 4 and trip 2 or even trip 1
stay long, stay strong, buy some MSFT and WMT to pay for the pain waiting on UBQU....and....patience
