I love the positivity today.
just curious, did ballas buy a yacht? or is "evil ceo scams investors buy yacht" the meme?
ok no matter, yeah I'd love scratch's thesis to ballas behavior remaining....let's say 25B A/S hoarded like gold.
my point is worst case worst case still isn't too bad.
25B sold at trip 1 is 2.5 million dollars.
at this point I doubt that will ever happen, but if for some reason more MMs get blown out as they cannot just hodl, and institutes go bankrupt, say that retailers and even 1000 retailers would only have to pony up 2500 dollars each to buy up the remaining dilution. 1000 new ubqu folks, each with 2500 dollars willing to buy 25M shares is not unreasonable.
if ballas sells directly. he could end the 1.6M debt (using old values) and have 900K
if converters do it for him, well there we're screwed because that's 1.25M and there's still be maybe 300,000 to go. but I'm unsure the converters can do that willy nilly. there's a good chance GPL got in trouble for doing just that. guess we'll see
worst case, cannazall is left with 300,000 debt, best case, debt free. and indeed the float is 50B which is HORRIBLE, but I'm sure once debt free, many things Ballas could do on advisement. Reverse split (NO FURTHER DILUTION) or just share buyback from insiders (just get bidding on the 1s in the resulting churn.
sure, with a 50B float but no further dilution you'll see a LOT of churn from trip 1 to 4....without breakout PR or a fomo case. but of course at this point, odds are UBQU has moved forward enough to generate outsider fomo and other things which could move the stock
in the end, my point is I don't WANT the scenarios I'm submitting, but my POINT is worst case is STILL pretty bad for the SHORT POSITION on UBQU.
the math is really no longer in the bears' favor. even max diution at the bottom can potentially make cannazall cash flow positive and debt free. the pain threshold for retail buyers of the stock is at an all time low.
their hope is to get you guys to sell or to get UBQU delisted via claims of "ceo corruption" . at trip 1 most remaining retailers are diamond handed now. and ceo corruption looks less and less likely with new diverse characters entering "the board" preya, frank, cheung. heck if Ballas can get a true "board" of at least 2 independent characters he could apply once financially healthy to OTCBX
all kinds of fun like that.
I'm actually hoping those 000098 sells are ballas direct to golfing buddies screwing the converters over.
in the end the one thing I really do want ballas to do is pay the debt. end it. remove convertible sellers from the equation. get cash flow positive, remove that "growing concern" clause from cheung's filings.
in the mean time....keep a small eye on GDET!
