Ubiquitech Software Corp (UBQU)

[Pinball]

C'Mon Jimmy....F&%^ A.D & G.P.L

But there is a light at the end of the tunnel:

New York Penal Law §190.40 prohibits the charge of more than 25% interest on loans under $2.5M, and its civil statute, Gen. Oblig. Law §5-511 voids all usurious loans under New York law. The Securities Act also voids transactions made or performed in violation of the Securities Act 15 U.S.C §78cc. If these lenders were required to register under the Act and didn’t, the Act voids those transactions as well.

These toxic lenders may also be Securities Act violators as many of them failed to register as dealers as is required by securities laws, and the SEC has started enforcement actions resulting in court findings that buying convertible notes converting those notes to stock, and selling those shares into the public markets are dealer activity requiring registration – and the penalties for not doing so can be disgorgement of all profits made on those sales; cease and desist orders; lifetime penny stock bars; civil penalties and fines, and voiding/cancellation of the remaining notes. The SEC has brought enforcement actions against …. Alexander Dillon (GPL Ventures Inc.…… claiming securities act violations (dealer registration violations and control person liability). In all of these cases, the SEC has charged the individuals and their companies with failing to register as a dealer, and in one case (Almagarby), a judgment was entered awarding the SEC more than $1,000,000 in disgorgement, penny stock bars, cease and desist, civil fines and cancellation of all remaining securities (including convertible notes) finding that the buying and selling of convertible notes as a business violates the securities act without proper registration.

https://www.thebasilelawfirm.com/post/new-york-s-highest-court-rules-convertible-notes-subject-to-criminal-usury-laws

Just imagine what it would do to the stock price if Ballas hired or even hinted hiring a top notch NY Securities Attorney (see link above) who is successfully able to cancel some, if not all, of the 12 BILLION shares that GPL Ventures received under Ballas.

If a Ballas just PRs that the company is taking legal action against GPL Ventures in order to recover some or all of the ill gotten profits and/or cancel some or all of the convertible debt held by GPL Ventures….this stock will literally go to the moon…meaning we could see nickel or a dime!!