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Re: Scratchgolf post# 72615

Tuesday, 10/18/2022 4:00:11 PM

Tuesday, October 18, 2022 4:00:11 PM

Post# of 77317
this implies the only way UBQU can sell shares is on the open lit market where we can see them.

tender offer, or maybe the algorithms will switch to buy within the next 3 months. it appears the interest is around 200-300K a quarter.

I was curious how they even met Q3s interest. but they did.
also, since I believe this company is owned by the hedge funds, they will either do one of three things unless they lose control.
1- somehow make it so its pink next quarter also . we might stay at nobid, but the bondholders might negotiate behind the scenes. Ipersonally believe the hedgies own the float, and like UBQU right here at nobid.
2- move the stock just enough so enough debt can be converted to make the interest payments
3- not make it so the debt is paid it goes into default and either it's over or it's not, but the hedgies will dictate the tune.
if they lose control, we move up because retailers come back in and then UBQU can dilute A/S as required.

of course the arguments would be R/S which would be bad but I doubt it because the hedgies don't WANT ballas to even SEEM to have control. also it might cause fomo at the beginning as many R/Ses do and they like it right here at nobid imo.

the other one is Ballas could go out and refi the bond. get some other shmuck I mean converter to lend him 1.7M. that also isn't going to happen ebcause we're a zombie stock for a reason. ballas made a bad decision in 2017-2018 many did and yeah be great in hindsight if ballas was competent, but he did. no lender is going to touch this. he has a better chance of getting a loan from elon musk or one of his golfing buddies. but in the end, I believe all efforts would be made to stop this 1.7M debt over UBQU's head, becasue the hedgies like this stock right where it is, sitting at nobid.
but there's another good thing going on. those 'lenders' out there. they are losing big time. many aer down 70% or more. many don't even have 1.7M to risk on a pos penny like UBQU if they wanted to.
why is that good?
UBQu has 3 months to come up with the interest. but the hedgies who abuse this stock probably won't last 3 months imo