without a doubt. and I notice my brother fres isn't around today, who was upset when I was kind of bearish short-term on UBQU's play.
hope he's still around and hasn't ignored me. because now I'll tell it honestly like it is and now, things look bullish for UBQU, regardless of fundamentals.
of course my opinion at the moment, but why am I bullish on UBQU's PPS action in the near term regardless of how slowly the new website rolled out and honestly we won't know about revenue increases if at all for another 3 months after today...
simple, because I believe my own theory. that we're tied to Game stock, which is tied to movie stock which is tied to vinco ventures, biora pharma, redbox, bed bath and beyond, chewy (!), mullen and the list goes on.
why do I now think no matter what the S&P does cuz citadel and talking heads move markets not retailers....if it goes down, we hold or go up?
simple, short data on movie and game and redbox is ....untenable for the shorts.
movie is 23% float shorted, 28% AVERAGE cost to borrow (that also means all shares shorted previously at lower interest, interest just went up).
Game stock is 28% of float shorted, average cost to borrow is 111% (!!!!)
and even today it went up and up and up.
with 180M shares of movie shorted, 28% interest annually, paid over a 360 day year, means borrowers are paying 5,833 dollars an HOUR....rain or shine, holiday or not, trading hour or not.
that doesn't count all the other shorts. oh yeah the russell 2000 itself is shorted 38% of its float.
we are soon to see june 2021 2.5 we're going to skip right over 2.0
and I believe at this point at the bare minimum, if we retailers own say only 10B of the 22B float, say insiders own 5B leaving hedgie holding 7B.....you'll see more and more of that 7B just....dump....as hedgies close their doors, liquidate in margin calls, or just abandon the UBQU play as they need the cash for other things.
of course if this happens billions dump us back to nobid but that OTCM doesn't change and A/S to float? and we buy the 1s and we bounce up again that means 1 of 2 things.
UBQU retailers are taking the shares from smaller hedgie
or last man standing, CDEL (VIrtu #2 is already having problems and robin hood are very very nervous now) scoops up the shares.
regardless, the less the smaller hedgies have massive shares, the more we UBQU retailers have shares, the better, in any play.
so worst case soon far as I can see more capitulation from ...."the bad guys"
or we just move up because our lead meme stocks move up.
my eyes are on what happens when we get a run to say 6-10 with 2B volume like in the past....and THEN we sell right back down. My eyes will be on how much A/S disappears to float then. of course the haters here will say ballas sold them. but then we get those financials that obviously point out that GPL and others CONVERTED them.
I'll be more interested this next run time how much those converters convert.
I noted there is a push to preya to update the OTCM. last I looked, everything is updated except for one thing which I thought was quite interesting. the float.
22.4B unrestricted, 22.1 HELD AT DTC
but float still showe 9/21
now...I've noted when something "bad" happens to UBQU like A/S sold into the float....the OTCM updates that with a speed like jim carey on coke.
but I expect that "float " to update to maybe 200M shares (?!) and of course that would be a bullish sign to me so the OTCM wants to make sure that moves slower than Gary gensler actually protecting retail investor interests and bringing market transparency.
but in the end I really think we move towards 2/3 especially as movie and game get squeezy....instead of drop back to 1/2 or 0/1 and if we do I think it's because a hedgie "whale" was forced out even so and I'll buy that dip nothing changed.
last thought on the website. Kid, you'vebeen here since 2020-2021. I've been in the play since 2018. even since 2020 we've heard from UBQU's detractors that this milestone will never be met, that milestone will never be met. blah de blah de blah.
each time, UBQU meets it.
and yeah this time, the website IS nice....bot you know what impresses me more? about 40 more different products flavors and types of focus like sleep therapy etc.
UBQU exceeded in the product diversity in my opinion.
I continue to stay stoked af now that preya, cheung, who knows who else is behind ballas. Ballas had some past failings as an incompetent CEO but I think he DID ask for help. in the end, would anybody care for their missteps in 2018 if in 2023 they could become multimillionaires?
one time a PM "friend" told me to stop posting on this forum so he could get folks to buy UBQU. I did, cuz in the end I wanted to make a lot of money. UBQU went from nobid to 25 then but it wasn't because I shut up, nor because of their pumps on this forum.
but at least I stood aside and shut my ego down hoping to make some money. and I sold quite a bit high to remove some paper losses. so good for that advisor back then.
point is I believe ballas is also standing aside, letting preya do the job she should be doing, dealing with the UBQU "Fans" who might have motives both bullish and bearish. and I hope ballas is putting his d-list 1980's celebrity ego aside and just wants to let folks who know how to squeeze out hedgie in 2023 help turn anybody holding 1B UBQU shares....into a billionaire one day.
