yes, nothing new from what I just said.
in the past we still believed the lies wall street sang through their controlled media:
- the SEC cares about retailers
- fundamentals matter
- Ballas was working on fundamentals.
my ignorance was equal to all retailers ignorance.
now it is
- wall street, the sec, their media, their regulators (which are wall street) all seek to steal money from retailers. no rules are enforced when it hurts retaileres.
- therefore, fundamentals don't matter. Heck, Netflix has a worse debt structure than movie stonk, but hey, kenny pumps it.
- Ballas is now (and may always have been) taking order from GPL, which isn't illegal to my knowledge since the venture capitalist can buy seat on boards (reference HBO series "silicon valley")
remaining paragraphs are more of the same. and my response continues to be the same.
yes in the past the target was us. for good or ill and most likely just reality of a bear market. you, me no retailer is buying. Therefore, the argument that they are going to rug pull the retailers again, is...irrelevant, the argument that insiders (GPL) will never make UBQU be a fundamentally sound company...well, no arguments from me on that any more.
my argument remains as follows:
GPL ventures wants to dump.
retailers won't or can't buy
but many penny stocks are a place where wall street hides all kinds of effery, they made literally billions in 2021-2022 by getting about 9000 penny stocks moved to "expert"
but UBQU has a product, and revenue, so apparently does IMTL
therefore they follow the rules and file to stay pink current (on GDET, also a 'ballas ceo" stock, they did not and hence it's now on expert markets
so my theory at this point is that GPL has plans to force the effery in IMTL and UBQU's stock structure to be unwound. therefore, filing and staying current and PRs relating to debt structure etc are being filed to keep them current, so GPL can continue to spar with the SEC to get things that shoudl make sense, such as a name and ticker change for a CBD-only company like Cannazall.
my theory is GPL is hoping to force "wall street" to buy (cover) forcing up the PPS so that GPL can dilute.
I don't argue that's still a raw deal for retailers believing in old-school investing practices.
However, if my theory comes to fruition, any retailer bagholding a trip 1 average or less can take profits when it does happen.
honestly, barring acquisition from someone like elon musk, or some hugely viral event like a deal with wal-mart, I don't think there ever WILL be a "positive fundamental" to talk about.
with that being said, another CBD company can't mention ticker for off-topic reasons got a deal with Kroeger/Fred Meyer during the pot boom of 2019 ....went over a dollar.
today it's been flat all 2022 to now at 4 cents. volume 15000 shares on the average.
the bad fundamentals on UBQU are the past and its shared now with all but 12 artificially pumped mega caps on the market. names are different, stories are the same.
the hope? bubbles burst. and unlike all the others, like the ones in 1927 1987 2000 2008.....retailers are panicking less, capitulating less, and not even buying the pump ups instead they are buying the ones that are beat down before the bubble burst.
I doubt personally I'll ever be high on UBQU's fundamentals again.
but that doesn't mean I think I won't make a lot of money on UBQU as long as GPL wants to stay current.
