well, you and I have Pmed about this and I understand your frustration. but to be honest, I disagree with the entire bearish thesis and you know this, since ....well on UBQU since TODAY. but in general since 2021.
look, ballas has no control on how the bid loads. and honestly, if the thesis of Ballas is dumpuing any chance he has, he had days before the last 800M dump
promises and releases of news. he did it. it's here. sure there were delays . delays happen on much bigger stocks than this one. in fact, in my opinion ballas makes a MISTAKE where rian cohen and adam aron do not make by claiming deadlines. the big dogs break the news when its ready. even when Ballas DOES deliver, you guys aren't happy. at this point as I reiterate, if I was ballas, I would be doing exactly what cohen and aron are doing. focusing on keeping his business alive. at this point, unlike amy and jimmy, his "loyal shareholders" some of which I remember from 2018 dissing on the stock back then, hate him. I wouldn't focus on them. in fact, If I were ballas and I do believe ballas once wrote if you don't believe in the company don't buy it.
but at this point, if I felt as negatively about UBQU especially as I'm seeing these excellent benchmarks hit....I'd sell.
yes, in 2018 there were some PRS released, and we dropped from 0028 to trips in days.
you have mentioned to me that you were told the narrative after hindsight in 2020.
the CONVERTERS were dumpiong the first 10B before BALLAS could so he had to dump some of that 10B A/S or the converters would have left him high and dry with no cash....very similar to now.
again, you are hinting that this pattern is just 2018 all over again. Jimmy releases a PR (and jimmy is NOT writing these prs now, that is obvious to me) and then Jimmy dumps. oh the idea he'd like a pump but he can't get one but he dumps anyways.
well a lot has changed. he might be selling A/S directly to humans instead of MMs , hence the 000098. or the CONVERTERS might be dumping. we'll see in the fins if 300K is reduced from the debt. any proof it's Jimmy doing that? nope. we need to see the original convertibles contract. regardless, if conversions happen, Jimmy doesn't see that money, he sees debt forgiveness.
also what's different slightly from 2018 to now? and 2020 to now? in 2020 joey B and I mean the guy in the WH was having jerome blow trillions into banks which were quant easing and every stock shot up. free money everywhere. we were lucky and probably squeezing a bit to see 0025 and of course the converters were like yummy yummy sell that down and since we were at trip 1 before the run, jimmy gets effed with only 50,000 debt forgiveness per billion. maybe a little more.
now, we've got nighrmare inflation, quantitative tightening (who knows? money jerome blew into wall street blew into UBQU finally is blowing out of UBQU now) and with more horrors to come. the rate hike coming tomorrow won't be +8% which would send markets knifing down, but that's the only real fix, so whatever the hike is, we'll be lucky to get a dead cat bounce at best.
so at this point honestly? the claim jimmy is dumping A/S to O/S is the doom of ubqu to me is just poppycock and its very clear this stock moves based on factors stemming all the way from the S&P to the top meme stocks. and that future short term is down.
also for all this idea that it's this laughing evil jimmy dumping shares....if like...folks outside this forum believed that? why do we even have a solid BID today?
and where did that 800M sale go? did we drop to 400M bid and all of a sudden some new (fool) stack 800M back?
not rinse and repeat. same nightmare but different buyers perhaps.
as for release the fins with no sig diff in financials. yeah next one will come, and since it wont have sales for any new pumps in the products and websites, i'm expecting the same 15K PROFIT maybe a little more.
but the profit isn't the biggest problem. it's the toxic converters and the debt. as those who like to believe this is evil ballas at the switch the fins show that money flows to the BONDHOLDERS. GPL is still in the game (lawrence isn't) and another I think it's called apex dunno don't care. the point is that the fins getting released do show how the A/S is trimming the debt. that's what I watch like a hawk.
the chain of the toxic A/S converters will be broken when Jimmy can pay that debt. until then, blaming Ballas and mocking ballas might make folks here feel good but it won't do a thing to change the realities.
we are going to see if UBQU can increase sales. once they do, how will they deal with the debt and monies generated.
and lastly, as always when you were as optimistic as me before you bought this entirely crazy rhetoric of same ballas same company as 2018....we should always ask who is selling who is buying. so far it seems each dilution bond holders are selling.
but now who is buying? last time nobody stepped up again and we were at nobid for a day.
then the MARKETS and MEMES had that bear rally and poof we were looking as bid 1.5B and ask 1.09B. if trend had conitnued, it was possible bid under 1B.
I would claim the chain that is breaking is my belief that Ballas has anything to do with the PPS action or dilution.
you are correct in one thing my friend. the outside UBQU world isn't listening to bearish words written here. my guess also not the folks who bash corporate UBQU twitter. because the buyers whether human or bot came back in.
as always my friend, sorry disagree with this horrible bear thesis that ballas was a crook in 2018 and its teh same business model now. the website and the new PR about offering massive sales tells me they are trying.
I do think at this point preya flat out told him to stop giving a flat damn about the people who want to goad him into waving a magic wand and turning a company that was truly not well managed into a wonder overnight so they can dump their stock. or give the magic strategy. he can't first it's a SEC violation and you know you and I had a "friend" who wanted to burn UBQU with the SEC. Ballas has a lot of folks demanding he commit acts that adam aron would never do since the SEC is watching that guy like a hawk also.
Indeed, all of these guys should go to preya, and preya is going to say in a nice, professional way or at least I hope in a nice professional way, 1000 words saying nothing except
"hey if you hate the stock and don't believe in us, sell and go away (or pound sand) , otherwise, stay tuned and look at what's happened so far"
people aren't buying bearish words on this forum any more. 4-5 million apes know the play, and I'm sure I'm not the only APe in UBQU also. and we're buying the trend now that has happened for over a year... a bunch of stocks are tied on citadel's algorithms. in fact algos for all the big houses move the markets, not retailers. UBQU tends to trend more with Movie and Game than with the S&P but movie and game tend to also moon when the S&P is green, tend to struggle when the S&P is red. same with UBQU, in its small way.
sadly, the S&P is going to be red I think for a long while.
but, that will change. if we were still having the fed blow trillions into teh banks, we'd probably be at 0030 right now even with teh dilution. but we aren't we're doing the opposite.
as always my friend in investing I'm glad you are holding. but I just don't buy the "ballas incometent criminal dilution" theory any more. even if the converters were cut short and the O/S stayed forever at 24.5B from now on, dilution to never return, tomorrow UBQU would maybe get a small retailer fomo, and we'd then move down again I believe once the S&P heads towards 3400.
sounds grim doesn't it? grimmer than the ballas criminal dump even lol. but not to me, because all major markets turn around. all stupid admins are replaced with ones willing to take the hit. we will get another voelker who will smack the rate hike with +10%, which at that point will drive ubqu to nobid (big deal right now) tank the S&P probably to 2900
and then the buying begins. the money rushes in. you can only short any stock until someone says this is a cheap value buy.
since UBQU isn't a dividend stock (yet), at this point one could theorize why buy it at all even if ballas hit the 100M PGM target.? so what if UBQU's coffers are bigger.
that's the thing with growth stocks, they go up or down because of the buyers and sellers speculating on where the PPS will be in the future.
heh, but I would love it if UBQU could offer a divie. maybe once the partnership with GDET is done. if they did, we'd find out how many naked shorts are on the stock.
and there's that part too. too many penny stocks out there with a bearish sentiment very similar to the one that now you embrace. all penny ceos are scammers and criminals or incompetent. any stock in trips proves its horrible management right?
so it is not hard to believe that MMs in the name of market liquidity and helping buyers get their shares...naked shorted them in all the penny stocks, including UBQU.
all those possible nakeds at the DTC. needing to cover. maybe that's why the bid bounced back, maybe 800M or more still need to be covered.
if UBQU symbol changes, before they can change the symbol with all brokers for all holders, they need to make sure there are no fail to deliver naked shorts out there.
why the holdup with the OTCM? why are we so focused on ballas incompetence and evil when the OTCM hasn't updated the float and it took them 2 days after getting current to remove our limited, and it took them 2 months to update the "held at DTC"
could it be that the lesser vassals at the OTCM realize that by the time they can move from their 100K a year job to the hedge funds those hedge funds will be bankrupt? could it be because they are government workers they are just lazy, or just don't care because to be honest, they've got a lot of commercials to shoot making fun of people who play "meme stocks" which is unethical for the SEC OTC to do and probably illegal.
sorry, I don't think the dilution chain is goingto break for a while. but by the same token, i don't think UBQU is going bankrupt non current or to 0 for a while, unless kenny wants to drive it back to nobid, and I'll buy more if so.
but by the same token, because I believe UBQU is being manipulated by forces far stronger and more sinister than any James A Ballas, it will be a while before we move up in PPS even as we continue to break great PR. and the fundies and financials short term do not matter to me. I really do believe if we say, do a surprising 100,000 additional profit next fin, we'll maybe get a few whales to smack 800M of the ask.
maybe the MMs move us to 2/3....and then....the next day....wham, the converters sell us back down to 1/2.
but that will change once the Mms no longer are in control. I believe UBQU will have better fins before the MMs lose control of the PPS tho.
sorry for the long response, I understand, not much to be optimistic about.
and yeah I seem like an apologist for Ballas....but he is really just the guy who has the most risk in this play and really the only way he can make UBQU PPS go up is take advice from folks who understand the giant corruption that is the stock market and its manipulation of his tiny company. I hope and believe he is doing just that.
