Ubiquitech Software Corp (UBQU)

[80 bluchip 20 pot]

GPL is the toxic converter bond lender. they just sell the A/S they do not hold shares long.
At the moment the corrupt SEC rules are one only needs to file when holding 5% or more of any stock in a long position. they have to file puts, but never have to file a short position. WHat GPL has is a convertible bond situation.

even so, I'm posting not 100% about this issue, but more I have a sad feeling as to why GPL 'forgave 1M debt to UBQU.

as many of you might know, J. P. Morgan deleted 74 million ISDA contracts (and got a 4 million dollar hand slap for it) this means the hedge funds to which is lends don't need to pay up on the ending of those contracts, and I'm sure a lot of governmental money laundering disappeared also.
since I do think UBQU is one of many little money laundering schemes, perhaps GPL just got a "whoops" great reset on some of its problems with JP Morgan. and so this 'debt forgiveness' is just a happy way to paint the larger corruption going on.

but in the end, all it did was save J.P. Morgan short term. one might argue wait bluey, wouldn't J. P morgan want to collect on loans to hedgies? not when there's 115x leveraged plays on the markets which are still losing. all the hedge funds collapse, JP morgan gets back a little, and then gold, silver, memes, and heck maybe even UBQU squeezes. JP gets pulled down with the hedgie and the systematic failure happens.

in the end though, this means at the bare minimum status Quo. JP will still want hedgie to pay them back (one day) and a black swan for our enemies still will destroy them. it's like one's failing bank declares a fake reset,does that mean my mortgage is over? nupe.

in the end, it wasn't anything ground shaking. yet. but it still gives away at least to me, that UBQU has a lot more going for it in its future than its terrible fundamentals. I really believe its part of wall street's corruption, and when the system fails, which I believe it will,because the rest of the world hates the dollar and senses our weakness, I think anything held by retailers which has seen -80% or more losses since 2021 (and that includes precious metals and volatility) will be rewarded.
I'm hoping GPL thinks likewise, they intend to dump the last 21B left. but I doubt they want to dump it only at trip 1.