a couple of additional thoughts why UBQU remains to file regardless of the 'hopeless' fundamentals
GPL runs it. GPL asks ballas to be a front man. again, I'm role playing this as GPL ventures.
I think they applied for a symbol and CUSIP change. (once in 2019 for hemp life today denied and once in the past for cannazall)
but I think oTC denied or is stonewalling. why? because if they did CUSIP and symbol change you'd have to reconcile all the shenanigans stuffed in it.
I likewise think they applied for a reverse split. I know oh no horrors for retailers. but hey at nobid YOU could sell along with GPL and get out some of yoru money....yet....denied by the OTC or slow walked. why? I'm assuming if you hate your situation in UBQU and believe it will never go up again you'd be PRAYING for a chance to sell as soon as an RS was done.
so you are GPL wondering why the OTC which I am 99.99999% confident is run like the SEC by big wall street and washington interests...why the OTC won't grant these simple requests.
well because I believe they know, those who own most of the float want the stock to never be reconciled....or go up for that matter.
so I think GPL thinks they have a possible squeeze play once their share structure is reconciled. that is why I think they continue to file and refuse to let them go EM.
as for retailers they used to tweet and post about symbol change ....they got a very cold reception from the retailers. rakuten happened which I think was a KENNY driven dry run to see if retailers would fomo in. it did not happen.
GPL and Kenny at this time realize one thing the retailers who are bearish on ubqu's futures are right about one thing. there is no retailer interest at this time on fomo-ing in the stock.
also GPL has some experience with finances. right now we are looking at a financial collapse and the greatest depression worse than 1928. if GPL got themselves cash flow positive, why abandon UBQU, also why expect retailers which are broke as s to put thousands of dollars into it. at this time retailers are putting what little money they can into movie stonk and game stonk. so for GPL to give up on UBQU a the BOTTOM of a general market collapse if it costs them nearly nothing to file...a big mistake to sell on red. even for GPL whether they are ethical or not.
I beleive GPL has done their DD. retailers own nearly NOTHING of the 29B out there. ...so why tweet since every time they do they get hate from retailers. why have IR at all, or PRs right now. so they fired preya and stopped PRing
yet volume spikes happened. along with serious movements in big time markets....another reason why GPL realizes retailers don't matter in UBQU (sorry if this part upset some retailers, but with exception to movie stock and maybe game stock, no ceo cares one whit for retail investors. retailers need to ride the waves sell on green and buy on red)
so GPL can do what? all hypothetical:
why they can work behind the scenes to get some rich elon type to acquire UBQU and reconcile the stock.
they can keep on waiting until the SEC and OTC show weakness and THEN sue them for failure to cooperate on RS and symbol change filings....
or they can jsut be patient and wait for the banks hedgies and MMs and brokers to start collapsing which only the main stream media and jim cramer claim isn't going to happen.
I once opined a dollar on fundies. ok I'll take that off the table. wrong
do I believe UBQU gets off nobid? yup
do I think that one day we see 0010 again? maybe even 0027? yup
maybe higher than 0027? stranger things have happened. especially if one Kenneth cordelle griffen picks up 10B+ at 000001 thanks to his ex-allies schwab ib jp the list goes on, collapsing selling to him, and then he can turn thousands of dollars into billions.
