Ubiquitech Software Corp (UBQU)

[80 bluchip 20 pot]

ah new disclosure. today. same typical yada yada alex benz taking some shares in debt forgivenesss. ah going concern is back
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 continue operations. At May 31, 2024, the Company has accumulated losses of $4,350,750 since inception.
These consolidated financial statements include write off of assets acquired that are no longer useful and have no value
so DEBT verbage GONE, instead accumulated losses of 4.3M. is that the loan?
so maybe walsh is covering the losses trading for shares. but a loss is different than a loan. If I have no debt but I buy 1M of stuff and sell it for 500,000 I have a 500,000 loss but no debt.
oh well in general this statement says fundies SUCK but we're pink. says nothing about IO nor would it need to UNTIL they grant the appropriate instruments to include IO as part of UBQU. so yeah IO's revenue don't mean JACK to IO right now and I think wall street is happy right now.....I don't think they want UBQU to merge and consolidate its share structure....
but we're pink another 3 months. no sign we're going Bankrupt for a long long time
As Trey used to say, we're not trapped in the stock with the shorts. the shorts are trapped with US.