"buy the rumor sell the news"
now I'm not saying UBQU won't rocket after they post acquisition news.
but my thought is still the same, those who are hiding shenanigans in UBQU and many other penny POS stocks are getting out. they might ESPECIALLY have to GTFO BEFORE this acquisition is finalized.
just like a R/S or a hypothetical merger with IMTL, should ballas buy Innovative outcomes, whihc from what I can tell is not publicly traded, they might have to make sure UBQU's share base is correct. Imagine you are a billion+ shares naked short in ubqu and you don't cover before the SEC DTC forces you to cover and buy at whatever is the ask.
with that being said, I'm curious how UBQU, which still has real low revenues, and millions of dollars of debt even after GPL got purged out, is going to acquire Innovative outcomes with.
Now IO seems to not be a huge company, and perhaps it's similar to UBQU, a small 4 person or less operation. Ballas could be offering 10 dollars, or he could be offering UBQU shares.
doesn't matter imo. the point is that UBQU is planning on making an action that forces all the nakeds to be reorganized.
in an era where the banks are going to fail, and 1.6 trillion dollars comes due in the banks to the fed in march, and "kenny" has been using OTC penny stocks both as an easy short to 0 and as their multiple matrix-style batteries for pump and dumps and hiding shorts on bigger stocks,.....I am noting one thing that makes me right even if what I'm typing isn't correct.....algos are buying.
most of us normal humans aren't buying in the huge amounts we're seeing today. why? well for us normal grumpy UBQU apes, news of "going to buy ....going to buy....winter is coming.....makes us wonder, "with what?" and "so? one trash company buying another trash company"?
but we apes are stoked as millions of shares get bought, millions of ask get taken down (note today the MMs put it right back up to 101M....but still, algos will be algos.
but the algos are buying. not very human-like, not cynically like UBQU bears wouldn't.
that reinforces my believe UBQU has just been a nobid meme stock now for many many years. but similar to movie and game....they just can't cover and call it good, just covering the shenanigans would make this thing go above your wildest dreams for a day....in my opinion.
and one day, they may be forced to cover all.
