Update on the whole GPL thing.
so...the CEO of IMTL...who ...died?
why...it's larry adams...past CEO of GPL ventures.
at this point only reason we know he "died" is due to a press release. at this point who knows? my guess since Larry's name is all over the SEC investigations larry being in trouble is 1000% accurate.
but single newswire as to how Ballas became surprise CEO of IMTL because of the "passing of the old CEO" and yahoo finance doesn't update anything quickly....well at this point I don't trust anything coming out of our big money financial institutions without a cow's lick of salt.
it COULD be that Ballas is the "bag ceo" meant to helm the ghost ships of GPL's ventures wrecks as Larry goes into hiding or who knows he was 66 in 2017...perhaps he died.
and yeah, it doesn't paint Ballas as some bullish venture capitalist. I still lean more that he's the sucker who is chin deep in GPL's predatory actions dating back to the day ballas took the devils deal with convertible bonds circa 2018.
so at this point, who owns UBQU (and IMTL and GDET?) well GPL ventures definitely does. whether their fool or a master criminal in cahoots with GPL, Ballas' job is to apparently be on the boards or ceos of the zombies that GPL created and harvested.
does that mean the MMs don't own huge tracts of this zombie? no, it lends more credence to them owning huge tracts of this zombie. follow GPL up the chain. I think GPL is too small to be the top puppetmaster. I think if the majority of the 29B shares were owned by retail baggies, they woulda disgust sold into the last 3B bid at trip 1, since many of the mega traders at the time don't stay in a busted play. so I still hold the baggies on this are minor, maybe combined we have 5B.
Market makers I think are in this zombie hugely. because regardless of GPL and Ballas' relation to GPL, UBQU has been a very USEFUL zombie. and tons of CDEL and CTSI bids and a VIRT here and there, and asks on the way up to 0010 and down to nobid I haven't forgotten
and now I totally understand my theory why ballas isn't "promoting" ubqu any more. why? Gpl owns UBQU. GPL was pulling a pump and dump on GDET and IMTL and hemp americas. and the last efforts didn't do a darn thing. because the algos which are definitely not controlled by GPL weren't interested in pumping on any of them. and the SEC is too busy not doing their jobs to bother to even further prosecute GPL or shut any of this down. either because why? the fines too small, the results lack sensation or more importantly, the SEC takes its marching orders fromt eh big funds and to be honest, Gary gensler has much bigger defense to play recently.
so my theory still holds. fundamentals don't matter. PRs don't matter (right now), doesn't matter if ballas is a dupe or getting payola direct from GPL. the algorithms control the entire market and UBQU's PPS moves mostly with two very important meme stocks, in general.
zombie stocks run when the algorithms are instructed to run them. when the algorithms are poised to run, those that own the zombies instruct their paid writers to write PRs, true or not.
retailers might chase, they used to back before the financial great learnings 2021-now, or they might not. I bet if retailers DID own 28B of the 29B float....they'd take a shot at fomo-ing the stock at nobid. but retailers don't or they don't know or they are pretty sure they don't and definitely the big retailer money is holding and buying the bigger memes right now if I'm a typical 'retailer'.
in the end, if GPL and blackbridge which ARE in trouble are controlling this. yeah expert. But I don't think GPL and blackbridge are at the top of the crime chain. they are too small. they don't have the influence to stall the OTC and SEC.
so we continue to wait. why did GDET stay pink for about a year after non filing? why did ballas even become GDET and IMTL's ceo. was it part of a "negotiation" once GPL was supposedly relieved as the biggest bondholder on UBQU (a PR over a year ago, not sure of THAT one either any more) , or is ballas complicit? doesn't matter imo. GPL like citadel, doesn't WANT to Bankrupt any of these zombies. cuz then, you ahve to close the CUSIP and reconcile the share structure headed for delisting of all markets. I am sure none of these zombies their controllers want the shares to be reconciled.
so yeah, I have no confidence in ballas, UBQU's fundamentals (other than it has a REAL product and sales) BUT I have confidence that the bad guys have hooked up an algo to it, the Market makers TRADE it very similar to the ticker which is similar to American Mining Conglomerate, and the bad guys might have to switch those algos to BUY very very soon....and there was 8B of total shenanigans on UBQU.
and I think the big boss above GPL is one of those big funds with its short position stuck in a bear trap.
