ok they posted a fin.
it had no GPL, it had OLD A2G stuff, a lot of crossoffs on GPL, no new O/S dumped to A/S (sorry if I've got this backwards) aka no new dilutions
and this:
These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue
to realize its assets and discharge its liabilities in the normal course of business. However, the accompanying financialstatements
reflect that the Company hasincurred significant operating losses and has a deficit in shareholders’ equity. These factors raise
substantial doubt regarding the Company’s ability to continue as a going concern. The continuation of the Company as a going
concern is dependent upon the continued financial supportfrom its shareholders, the ability of the Company to obtain necessary
equity financing to continueoperations. At May 31, 2023, the Company has accumulated losses of $4,839,675 since inception.
These consolidated financial statements include write off of assets acquired that are no longer useful and have no value
well, it used to be 7 million.
in other words, GPL does appear to be out (?)
and of course the "since inception" losses went from 1.5 M to 7M to 4.8M since I've tracked it.
at this point I think UBQU is running at a loss, and interest owed is just being tacked on the principle. "since inception" isn't present debt.
which I think is at 1.5M? doesn't matter imo. I think everybody for good or bad wants to dilute to raise cash whether its A2G or even GPL as a holder of debt at the originally bargained 10% interest. or ballas if he is now given more authority to dilute. dunno, don't care, all I can say in my opinion is somebody wants to have UBQU hang around so that if we get a run up, somebody can dilute.
so we wait until the folks who own the most of our float (imo, wall street) has a very bad day and lose control of their market wide manipulation.
