Yeah, what you say speaks a little truth. the thing Ballas could do, (and the thing that from the movie stock down to the other 10,000 OTC cellarboxes) could do at this MOMENT is pay off debt.
some reasons why I don't agonize too much yet from the movie stock atthe top down to UBQU is because a couple memes have even PROVEN beyond a shadow of a doubt (can't mention tickers oh hey G*T*I*I and A*T*E*R*
to illegal naked shorting. they had proof.
and they still are down, way down no squeeze.
yet.
but as I write right now. well let's just say the DOJ might be getting involved and now these OTC stocks I just mentioned are realizing there are other ways to ....save their own companies.
Ballas as CEO did what his job is defined. trying to grow the company and increase company revenues (regardless of how dismal the financials are he's doing that.)
it's illegal for a CEO to actively be trying to squeeze their stock or throw off the shorts any way else. so at this time, sadly, the game is rigged against those 10,000 OTC stocks. for now.
but the moves I'm seeing give me a positive vibe Ballas is trying to survive, and grow UBQU.
I still am unsure as to how he became CEO of GDET and IMTL. sure, GDET failed to expert. but it was already in horrible debt. so perhaps Ballas stepped in to just bury that corpse he didn't (or did) create, regardless it didn't affect UBQU.
but IMTL has a healthier appearing balance sheet than GDET and more active participants. Blockchain is a joke now, but it won't be in the future. I personally think the age of T+2 will turn to T+0 because blockchain might allow investors to buy without MM shenanigan involvement in the future. I personally think the age of MMs using short exempt to sell for the sake of "market liquidity" will come to an end. and when it does if one wants to be a real MM, they have to hold the stock BOTH long and short in order to satisfy the buys and sells from retailers.
maybe IMTL will drag up UBQU or the other way around. another reason I just don't believe the ballas master criminal thesis is because IMTL didn't hit UBQU's radar until NOW. the investors and players in IMTL didn't know who ballas was 3 months ago. many don't now.
if the folks in IMTL in new york thought Ballas as some master criminal, I doubt they'd agree to let Ballas become CEO.
there's players behind the scene bigger than Ballas. GPL ventures might not be as bad as I think they are. I don't know, not sure yet.
I also am more confident the feds will "legalize" MJ soon, that catalyst will happen, maybe even before end of this year. that catalyst will it pump UBQU?
honestly, my gut says no BUT, the algorithms running UBQU are losing control at the high side.
but in closing. not best imo to look at UBQU with a narrow lens. indeed if UBQU is alone in this world, and my thesis is right, kenny has this stock in control. no way ballas could refi the loan through wall street lenders. his stock can't get on computershare because it's a trip OTC darling that never left the OTC.
I personally believe every thing UBQU has done in good faith with teh OTCM has been responded in bad faith by the OTCM....slowdowns, no symbol change, no refinancing, etc.
but this IMTL thing and GDET before tells me other things are being tried to think outside the cellarbox.
but with kenny's long positions, amazon micro netflix facebook down 50% witha market crash coming. now is the best time if I were ballas to wether through the storm and wait.
we still do about 10M volume a day, which is a paltry 1000 dollars.
why? imo because folks if they have 1000 dollars are buying bigger memes. people don't have the money and if they do they are waiting for hte bottom on other much bigger plays. a bottom which will maybe show up after a volatile wednesday.
in some way, my UBQU holdings are safe in comparison. market crashes, we'll still be at nobid!
