whether UBQU absorbs IMTL or IMTL absorbs UBQU in my opinion is irrelevant. UBQU has a more prevalent product to we MJ followers, but IMTL also makes revenue.
What is relevant in my opinion is Ballas was made CEO of both, Lawrence is passed, and now IMTL has 1.4M in debt forgiveness. Yes, on the balance sheet both POS penny stocks are still fundamentally horrid, but both are now free of the encumbrance of the SEC investigation and lawsuits that mired them from GPL.
so now the next hurdle is getting the SEC and OTC to accept applications for symbol changes and restructuring of these stocks. GDET may be left in expert market hell possibly. indeed, that statement shown talking about relief of dilution could be very true once they get a merger of either way and a CUSIP and symbol change. maybe not a MOASS, but definitely a lot of the shenanigans buried in these stocks will be forced to be purged....unless wall street cheats like they always do with other tickers like M*T*L*P*P (not even sure I have the ticker right)
so why could UBQU's restructuring rise be different?
1. a lot of the shares were "bought" at 000001 whoever has them (coff kenny coff) will make a lot of money if kenny pumps it.
2. The SEC is not doing its job on the major memes, there's a chance that we'll wait a looong time for the SEC to take actions on filings by UBQU, but when it does, nobody might be paying attention to swat UBQU down because of 3.
3. markets are on the final teetering before the big crash. big chaos might be big opportunity. Also if they are hiding swap shorts on bigger stonks in UBQU, hey they might start "covering" on the remaining POS penny stocks in the OTC and you could funnel off say, 1M of game stonk covers which might drive UBQU to 0010, without a single retailer buying.
of course this is wild speculation. but of course, a merger would force reorganization of the stock, a symbol change of UBQU would make basic fundamental sense.. (also a merger into IMTL might make MORE sense because NFTs and "tech" is much more prevalent than the MJ sector right now) ...and finally, if these stocks are really messed with in their share structures by wall street...a reverse split would become attractive to retailers who know our bloated floats are easy to cellarbox, also in the restructuring, "missing" shares will need to be found, short exempt FTDS will have to be delivered. and if you don't like any of that, a R/S would allow you to sell, and decide to reenter later, or just be glad to be out of the play if you've been upset being at nobid for a year.
IMTL so far has moved about ....700,000 dollars...unsure if it will continue to perculate until a full 1.4 million dollars moves, but it's found resistance at trip 5.
regardless, not a whit for fundies do I care right now, I'm excited for the next 2 months in all beaten up meme stocks, including IMTL and UBQU.
Stay appropriately hedged.
