Kenny owns the OTC, kenny influences the SEC.
Kenny owns the float.
Kenny owns a market maker
that maket maker makes the MOST bouncing it back from 0001 to 000001 on more than UBQU, thousands of these stocks from pink to expert. that 100x is a nice spread. also a great way to launder money.
my friend, in 2019 when their plan was to drive UBQU to nobid AND expert AND bankruptcy, the OTC denied a symbol and CUSIP change to hemp life today, then Mastercard decided to close UBQU's money making capability by just shutting down their ability to take credit cards claiming "hemp" is a bad word in the name. that took months to fix.
3 months at nobid? in 2019 to late 2020, how about a year and a half?
and yeah, if kenny wins and has no plan on pumping this ticker, you may lose what you bet on UBQU. then again, very few stocks sub penny are doing well. even folks playing apple are starting to feel -40% pain... anybody who still ascribes to the major markets and the OTC act differently...well it's probably their first bear market and I don't know what to tell them
but you asked anyone why by 3 months no bid. because kenny wants it here. and no retailers have the resources (yet) to dare challenge the ask and put 80,000 bucks into it. which to me makes a lot of sense because unless Kenny wants it to run? he'll ask the algos to slap another 800M on that ask.
also, anybody who wants out and is upset shoudl be PRAYING for a reverse split even though all I hear is "oh no reverse split" but if they got one they could sell and be DONE.
heck, I'd sell a LOT and be DONE if we R/Sed but we won't, why? not because ballas doesn't want one, everybody says EVIL ballas he wants a R/S so he can dump more shares. yeah he does because if he can't pay the interest any more well kenny then decides if expert or take control of UBQU....sadly, odds are more than 50% expert markets and then no hope of getting anything back.
but kenny doesn't want an R/S I'm sure the applications for a R/S have been DENIED as much as symbol and CUSIP change.
because with a smaller float, harder to short, harder to manipulate, ....easier for new money to come in and squeeze it, easier for ballas to sell those 21B remaining A/S under R/S 100:1 to 21 million, sell at .01 maybe less....sure the entire new float is now 50 million at .0075 cents but as he diluted, if he captures say .0080 its only 168,000 dollars maybe enough to pay next quarter's interest, but then he gets more A/S.
yeah, present money sells, I would since my new average is 00007 I might make a few bucks, disgusted holders also would leave. But the float at present is 50 million a LOT harder to manipulate. then there is also the question of the 8B that magically bought up at trip 1 with no bid there during the last meme frenzy. maybe UBQU on a R/S 100:1 doesn't just go to ten cents and straight down again, maybe there's a little covering...during that covering ballas sell higher, captures more. even so it's a LOT HARDER to play shenanigans on a smaller float and a smaller float is more attractive to bigger money (not saying money would pile into a zombie, but it WOULD find some people more willing to risk on a 50M float than a 50B float. UBQU might be the largest total share stock ...well that I know of.
so yeah a lot of us are STUCK here. and those folks who would get out the SECOND they could, should be praying for a R/S without cynicism imo. of course, since a R/S would counter-intuitively be a GOOD thing for UBQU, I am pretty confident it won't be allowed until the true owner of UBQU, the market makers and hedge funds, want this stock to run.
