Ubiquitech Software Corp (UBQU)

[somanymike]

I expect the SEC to go after Ballas, but that's probably wishful thinking at this point. As a company they are literally in worse shape than they were when I got in years ago. In 2017 (I think that was the year), they had income of a few million and 500m outstanding shares. They had almost enough cash on hand to pay off any debt and were well on their way to hitting that 50 million dollar 5 year mark.

Then in the first part of 2018 the financials showed that they had borrowed MORE money from ANOTHER shell company and were paying them back with convertible shares. Around that same time was when we learned about the additional 10 BILLION shares. Devastating news. Many of us bailed immediately, that day. Others were stuck, as it wasn't easy to dump millions of shares with the price dropping like a rock.

Those that got stuck, or trusted Ballas, are some of the ones that are still here hoping Ballas finds a conscience or some business sense. I've seen no indication of either.