excellent. 5M in revenues. of course what if their debt is more and their expenses are more and their balance sheet is red?
why would IO "sell" to a company that has quarterly revenues of like 150K, goes red every quarter on the balance sheet and is still 1.7-5M in debt?
why? well I can think of a few positive reasons:
1. same reason Larry adam's widow sold IMTL to ballas for 25,000 dollars. GPL was "friendly" to ballas, OR Ballas was truly the evil mastermind and GPL just was forced to get out of the toxic convertibles game.
2. same reason the GDET company also passed to ballas' CEO-ship. just like big wall street works together sometimes, so do the little fish. Criminal or Not, ballas is small time, but it's clear others will work with him
3. do the fundies matter at all (yet). at this point, I believe ballas understands that wall street literally butt-buggered his stock. and there's so much crap hidden even in the 31B float now that if the bad guys lose control, they might have to cover billions of shares. that's why I believe the more folks who talk negatively about UBQU stock right now....the better.
For example, nobody is hating on block buster stock anymore. it still trades, but it isn't going to squeeze. while the haters on this nobid are legion.
I don't think those who want UBQU to go to expert want UBQU to do ANYTHING which might cause fomo or a recall of shares. ....that would be acquisition, symbol change, merger (with IO, GDET, IMTL you freaking name it) and lastly, R/S. Yep, a reverse split if I'm right would DEVASTATE a hugely naked short.
with that being said we haven't seen 1/2 yet. note that each time we almost get there, we have the MM drop us to 0000001 and then stack the ask....at this time just 11M+ or so...normal algo movement. they are probably using all the 000001s kenny got earlier to just keep it right here at nobid where they want it.
but every day....crypto ripping and the memes are not heading down any more.
I definitely believe we are going to see 1/2.
I actually hope Ballas IS trading IO for shares not cash. I hope it only cost 2B shares. Reason? same reason movie stonk ceo sold some debt for shares at 6.92 when the stock was manipulated already to 5.30. no way the creditor was going to sell, and everybody knows the price is manipulated. If I was the ceo of IO, and I was selling for around 200,000 dollars, I'd want to trade my company for 2B shares of UBQU.
of course this is all conjecture. IO isn't bought until it's bought, and we wont' know if IO is a real thing, or if it is another GDET or IMTL....with that being said, I'd rather have a lbunch of tiny POS companies now than be a quadrillion dollars overleveraged in options globally like Hedge funds, Banks, and brokers, with the greatest global financial collapse looming in all freaking history....
