definitely if UBQU can trade after hours, those aren't humans lol.
at the time of this writing, I see 357M volume, looks like it closed at a hard trip 1.
bid 1.27B ask 1.17B
now, S&P went to hard -4% bounced to -3.88%
memes everything but red box got slaughtered and red box off of its highs. Memes did better than when they were shorted with mad abandon.
some youtubers think powell will continue with .5% rate hikes and TEMPORARILY we'll see green indices again and the algos will make UBQU a little more bullish.
the markets are risk off, thinking that .75% or 1% rate hike to see if they can REALLY curb inflation coming. and then S&P 3400 and then if this happens, UBQU nobid again might become a reality. all depends on the algos now.
if any of this selling turns into more A/S to O/S later. well, if it shows up in the future financials 1B of selling to 1s, equals 50,000 of debt forgiven on the 1.6M debt before. that sucks to be sure, but I don't think ballas has control over the converters any more. and any debt forgiven means less interest and eventually UBQU being debt free. the fact that it happened on a slow RED day, tells me that the sellers are getting desperate. good. I hope the shorters and sellers are desperate. that selling won't get me out of this play.
if it was ballas selling DIRECTLY 300M to some 1 investors he just put 300,000 dollars in UBQU's coffers. which....honestly I expressly doubt.
but regardless. if I was right and Non humans held even 40% of this 24B float? and ballas was DOING this. oh how pissed they'd be. they'd sell
so again I'll reiterate that now I believe scratch 99%. that humans own this bloated, stinking, 24B bag of shares.
but I'm still going to spin that as a positive.
because that means still 1.17B humans (and MM DESPERATE to close their naked shorts) are willing to BUY into this play.
and if scratch is 100% right and the Mms don't HAVE shares to sell when I do a teensy 25K slap or next fomo we start seeing some whales making 10M-100M+ slaps of the 2s....maybe doug cifu naked shorts a little more. fine by me.
today was a bloodbath in major markets and UBQU is seeing selling equal to ....1/3rd of a typical "fear" day for ubqu.
still thinking overall it was a good day for UBQU.
still haven't had my millie GTC at 1 filled, wont bid more cuz if these jerks wanna manipulate UBQU to nobid for the fifth time, then I'll start slapping the 1s hard and probably get some juicy MM 00005s (got 50K worth of 000001s back in early 2020) . until then, we ain't going to nobid until they can get the spy under 3400. so not 100% sure we're going there for sure.
