my math was off about the R/S
Ballas has approximately 20 billion shares left to sell.
20 billion at 0001 is 2 million dollars, which is more than the 1.6 million UBQU owes to the bond holders.
this could be why the additional 30B back in 2021.
back then 30B at worst case trip 1 was 3 million.
and at the time, the fed blowing joebux into the marketplace (before inflation) drove UBQU to 0020 and pretty much squeezed...well you've heard my story.
now we've had this unit on movie...A%P%E%....4.5 Billion of it. opened at 7....7 x 4.5B billion even at half capture is 15 billion dollars which would have destroyed movie's debt, gave them a 10B war chest AND caused the MOASS.
so kenny did what he had to do, drive the simian under a dollar, tried to make it a penny or even sub penny, so at best the dilution would have been a few hundred million, not enough and bankruptcy.
so actually if I were Ballas and I were one of our fellow UBQU baggies, I'd be ASKING for an R/S because technically the bag left of ballas' if he could even get CLOSE to 100% capture after the R/S he could get UBQU out of bankruptcy which would interest outside money, no matter how bloated, take bankruptcy off the table and throw the bondholders to the curb, then buybacks etc could be discussed and if those 8B shares weren't legit well we'd have a run at very least on UBQU.
so there you go bears who ask why nobid, and whine that ballas opened up 30B more for greed.
nope, same reason movie opened up 4.5B ....because the goal was getting out of debt.
movie stonk, UBQU, every penny in kenny's backyard, he so does NOT want them out of debt. and that's why our enemies NOT ballas will fight tooth and nail to keep it here...unless they need a collateral pump or we get lucky and get to squeeze on some out of the blue MJ legalization talk. or we get lucky and the cops judges and jailers that kenny has bought all of a sudden get a case of conscious and change our symbol, CUSIP allow the R/S aka do their jobs.
