I think they applied for a name change in 2019 for hemp life today,
and 2021 for cannazall
I think it has been stalled, slow walked, ignored by the SEC OTC which is influenced to the point of ownership by big banks and market makers because such a name change would cause a CUSIP and symbol change. all UBQU shares would have to be recalled, all shorts would have to be covered, and there would need to be 50 billions active shares once done.
if there's a lot of swaps, short exempts on UBQU, that would be difficult to a nightmare for the banks and market makers who owe those obligations.
the same consolidation would be required on a reverse split. or at the very least a threat of one. and a much smaller float is harder to short with predatory looniness, and the risk of retailer fomo coming is greater, even on a fundamentally poor penny stock like UBQU.
Since I'm not an expert on SEC rules, there is also the possibility that before any name change, symbol change and reverse split can happen, a stock might have to be OTC PINK compliant for a certain time. UBQU has now been compliant for...what? ....1 year, more than a year. definitely not 2 years.
perhaps GPL and A2C and the minor crooks (ballas) running UBQU are just being patient. I don't know.
what I do know is that we've now seen three events, one 2B, the next 8B volume, the most recent 700M on the nose, which either moved the stock to trip 1/trip 2 OR just left the stock unexplainantly at nobid
that definitely wasn't many retailers, and it stunk highly of shenanigans not at the level of the lesser crooks running UBQU (the lesser crooks want UBQU to run so they can dilute for good or ill)
so I believe we've got tons of super criminals pumping trillions into the top 12 stocks and manipulation ...nearly ALL the rest down...and UBQU is one of many little cellarboxed POS penny stocks they use to sweep their bigger crimes under the rug x 8000 tickers.
and I believe and soon, that bubble will burst.
and it will trickle down to UBQU.
