don't know who allan is, but the reason they have more and more debt with billions issued is because even though ballas is blamed, he's an employee of GPL (or in cahoots)
and GPL was a toxic converter, was sued by the SEC for it.
this type of play happens on 8000-10000 penny stocks and that's how wall street drives them to nobid.
in a bull market the lender says hey, here's a 1M loan at 10%, but let me dump shares and you'll get 50% of the lowest average of 2 prices in the quarter in debt forgiveness.
the idea being the stock will still go up, and the company not only will make them richer, but it's a "payment free" loan.
then the converter just starts dumping, back before 2021 buy and hold ideas, the retailers sold on red and so if the loan was made at 1.00 for a million, the converters dump maybe 500,000 at 80 cents to make 400,000 dollars, and once the retailers sell say the average for the quarter is 40 cents. loan forgiveness equal to 500000 shares at 40 cents is 200,000 dollars. converter doubles their money and still holds the corporation for 800,000 at 10% annual and then...blame markets, blame the ceo (which thousands of them were really stupid to do) and make the retailers dump even more and lo and behold you are heading toward nobid from a dollar (and yes, there are companies at nobid that started at 6 dollars with this technique)
the 50% of the two lowest average in the quarter is on every penny stock I played. the ones in the big memes? hycroft and movie? first thing they did once they got saved in 2021 is GET RID OF CONVERTIBLE DEBT HOLDERS.
all that follows are my guesses and opinions:
whether ballas is independent of GPL or now a lackey of GPL is irrelevant.
what is relevant is GPL has been pinged by the SEC for doing this. which is probably the ONLY reason we're not expert. GPL probably does NOT have a great relationship with kenny who pretty much owns the OTC (and might as well the SEC)
and yes GPL plans on dumping the remaining 21B shares on UBQU (and surely getting more if they could) but obviously no longer will retailers buy them.
that's why UBQU insiders have stopped talking to us retailers. we're not the target to get buying any more. those who own the algos are.
today will probably not be great. cuz markets are red. however, last time we had high volume, to trip 1 or 000001 was a few days AFTER the game stonk run up, AND the bank failures.
I think movie is going to run up soon because the fakepump on banks is losing steam.....so....a week....two?
noted Kid also said IMTL went back up to yield from EM. lol, I didn't even notice IMTL doing down to expert. some hope there that GPL who put ballas in charge of that ghost ship is also a squeeze play for GPL?
at this point in closing, yeah I even believe UBQU is a swing play, GPL plans on dumping cuz we now know the play for them...at best and I'll be taking a bit off the table if we run up. but witht hat being said, if your average is trip 1 or trip 2....this could become a nice profitable run in the future?
of course crazier things have happened, nobody expected elon to buy twitter...so there's still that .000001% chance we go from making thousands on a pos penny stock swing trade to making millions....
AI
