Ubiquitech Software Corp (UBQU)

[Joe Burmeister]

It’s really lacking any specifics. The market doesn’t buy it. The PR raises more question than answers. Why not say who the note holder is…rather than “the largest note holder”. Oh wait, per their quarterly reports, and the attorney letter attestation, there is NO shareholder/note holder who owns more than 5 percent of the OS. So what, if any, of the outstanding CD is left? And why do it in installments over the next 12 months? Too much vagueness. A better resolution would have been to cancel the 30 billion AS increase. That would for sure stop new dilution going forward.

The stock acts like a bloated pig. I am guessing most, if not all, the CD has already been converted and sold into the market Whatever amount of the CD that hasn’t been converted represents a very small percentage of the O/S. To make matters worse, all that dilution did little, if anything, to reduce the long term debt. Which leads me back to the question of who is benefiting from all this dilution? it’s not being put back to build the business or reduce LT debt!