Indeed, many retailers are upset here over UBQU's media efforts. Its fair to say, before 2021, during the longest bull market of the USA, that the bond converters lent to the companies, and the companies mismanaged, and the idea was to get the retailers to buy.
I still claim that the upset bagholders don't do any favors to motivate others to buy into a stock they hold by just claiming their upsetness and blaming the CEO James ballas.
Kenneth Cordelle Griffin has on many occasions mentioned he has programmed his algorithms to "engage retail sentiment" which could imply that there are bots and humans on forums, but most likely is simply algorithms engaging payment for order flow.
specifically for UBQU, blaming Ballas is kind of a diversion and a half truth since now we know from DD against ballas, that he's just a low level functionary working with GPL Ventures, from his taking over as CEO of GDET and IMTL, a stock where Larry Adams, of GPL, was past CEO.
one indeed could demotivate new retailers from buying by continuing to point out "promises not kept" or more precisely, promises not kept IMMEDIATELY to the satisfaction of retailers. and indeed the motivations are either to be cathartic for one's own imagined mis-steps by buying into UBQU. Or the other demotivation would be as a warning so new buyers "would not be ripped off"
but a lot has changed as to what the play is on UBQU now, in my opinion.
I still hold we don't do ourselves any favors by discouraging retail buying, but in my opinion, retail buying wouldn't move this stock anyway. Also at this point, even the detractors to UBQU are saying a sentiment of "I wish this would go up so I can sell and get out"
so the message is "I dislike UBQU, I dislike Ballas, and if newbies buy it, Ballas will dilute on you , you'll lose money, and the second it moves up, I can't wait to dump too!"
and that's why I don't move in that direction. I don't dwell any more on who Ballas was before, who ballas is now, and I definitely don't hold Ballas any more in the very least as being the true decision maker on penny pos stocks under the GPL ventures umbrella.
and lastly, yes, if one dwells on all the fundamental PRs published from 2017 when I entered the stock to now...one would truly believe there is no hope for UBQU.
But for those who have listened to me especially since 2022, the UBQU play has nothing to do with fundamentals and PRs.
in fact the new antagonistic narrative is "why so few PRs? why when they do a PR I don't trust them?"
well few PRs I believe, is because GPL ventures calls the shots, and they are smart enough to see the retails hate the stock, so they aren't catering to the retailers any more. and that's why the few PRs we DO get is about stock structure "debt forgiveness 1M"
and retailers don't buy still. our daily volume is typically less than 1000 dollars. but oh how market makers continue to shuffle tiny bits of shares around.
so why is UBQU not in expert? indeed. if one believe retailers DO matter on UBQU, they'd give up. no way they are going to get the movement they need from retailers to dump on them and make money.
why even mention in advance this time that UBQU intends to file again and stay pink current?
Because I'm confident that Ballas is now a pawn of GPL...and GPL is a pawn of big wall street, and GPL sees the eventual collapse that will make 2008 look like a walk in the park.
and that big wall street is what DROVE UBQU to nobid.
my detractors believe more than 50% (or close to 90%) of retailers hold the 29B UBQU float.
I think at this point, I'd be surprised if retailers held 30% of the 29B float. I'm going with 10-15% of the float.
leaving market makers , Citadel , virtu, GTSM , CTSI holding all those other shares.
and after we've seen 8B movement and no clue WHERE it went and no movement on the price of UBQU, I am quite confident there is failure of price discovery and quite a bit of shenanigans on UBQU's share structure, that folks ABOVE GPL ventures want to keep hidden as long as possible.
why no name or ticker change? why no CUSIP change? oh it's ballas lying to us yet again right?
perhaps its the SEC dragging its heels and telling they'll prosecute GPL (again) or Ballas if they claim there's discretion against UBQU.
why doesn't ballas howl to the moon then?
well note that every stock tickers I won't name that PROVES manipulation, hires wes christian to sue the SEC....well they go up for a day, then pump and dump, sometimes the DTCC puts a month halt on them.
that's why Adam Aron didn't go that route. Neither did Rian Cohen. Instead , both plan on getting profitable, and offering a cash dividend would be my guess. the CFO of movie in last earnings call even said as much.
a cash dividend would ruin the shorts.
a reverse split on UBQU ...could ...ruin the shorts. at very least everybody claiming they are "trapped" in UBQU , including me, could sell. and heck, even GPL could dilute with a R/s on UBQU.
so why no reverse split on UBQU? my guess is contrary to pessimistic. it's because wall street has so much effery on UBQU's stock structure that even a R/S might force a covering event, or a much harder situation to manage it.
and I reiterate the reason I believe this is because UBQU ain't moving up on fundamentals and retailers aren't buying yet GPL and Ballas make efforts to continue to keep it pink current.
so bluey you all might be seething at me. if all you claim is real, then there's no way GPL can get out from this because wall street can crush the minor memes,continue to crush wes christian, and no MOASS. what makes you think GPL can get wall street to squeeze UBQU?
because GPL, me, and now millions of folks know, sure they cheat, they print infinite money, and they continue to manipulate...UBQU
and everything else.
the bubble is going to pop...and on those days I believe gold, silver, major memes, inverse ETFs...and UBQU....and probably a ton of other POS nobid pennies....will squeeze.
oh bluey. this will go on forever! wall street will ALWAYS win.....the S&P is going to now go up and up and up...forever
just like it did in 1928, and 1987, and 2000, and 2008, and 2018, and 2020....
my only DD. you can't cheat forever. and you can't print infinite FIAT currency and keep markets artificially inflated.
promises from the past that UBQU failed to deliver? irrelevant to me today.
promises that UBQU will stay current, and ...continue to forgive debt? continue to try to get he SEC to change its ticker or merge IMTL with UBQU...
continue to try to go viral so that earnings might matter?
and finally promises to stay alive until the major shareholders, market makers and institutions, finally collapse due to the inevitable consequences of their own unethical manipulations?
those are the PRs I'm presently looking at.
Also today, we had a little conversation of how some retailers are getting MM shares at 00005. Now if I was bitter about me say buying UBQU at trip 6 and holding it all the way down, not dollar cost averaging or selling for the many months from 6 to nobid, I would blame nobody but myself. even as we faced being moved to expert because we thought UBQU wouldn't file....I tried to realize the person making choices was me.
now we know a few things, we're staying in the game. so why not buy those shares the MM wants to give to us at 00005 and talking about those things instead of talking about ancient fundamental historical stuff from pre-2020?
Not a financial advisor. but for me, I think its better to argue that GPL has plans for UBQU PPS to rise, and so the best time to buy UBQU is now at 00005 a share than to bet a huge bag at a high amount, hodl it the way down, and complain about how I am a bagholder, and discouraged any new retail buying.
have a great 4th next week folks. if you are one of those folks still making money from the top 12 stocks being pumped in the S&P by kenneth, well congrats, hope you take profits and look later at the plays that will squeeze in my opinion when the bubble pops.
as for me, I'm content buying and hodling UBQU at 00005 and gold, silver, inverse ETF and other things that will moon one day.
