Ubiquitech Software Corp (UBQU)

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As a condition to the funding arrangement the company increased its authorized shares to meet the reserve requirement of the loan covenants. Although a significant amount of shares will be on reserve, they will not be issued unless the lender elects to convert. If there is a conversion the shares would not be salable in the open market until the required two year holding period is met. The increase in authorized will also give the company flexibility in addressing other corporate finance initiatives.

It is very hard for these companies trying to sell Cannabis products..they like all growing companies need Cash Flow and they cannot get conventional financing as the product is still federally illegal.


That is why they sell shares to raise money, and use shares to pay bills.


We are lucky this company has a good product and revenue stream...