Yes...
You've got it now...
You see... Some seem to be under the perpetuated misconception that the convertible note values are STATIC while the share price remains dynamic.
It is not the case.
If I gave UBRG $10k in exchange for convertible notes AND INTEREST 6 months ago and I EXERCISED those notes yesterday I RECEIVED MY SHARES AT A DISCOUNT TO YESTERDAY'S CLOSE... Maybe as much as a 60% discount (likely 40% though... It seems the best average to rely on is a 50% discount)
And they can sell those shares, received yesterday today.... FOR WHOPPING GAINS.
Look... The people UBRG is getting debt from are like PAYDAY Advance schemes... They charge enormous interest rates and reap massive returns. Ali, Solomon, and Guest DO NOT CARE.... Because it is not their money... They use these scams to get their paycheck....
Like I've said before... I am sorry these scams are allowed but they are. The more you know about them the less likely you to be scammed by them.
Ali, Guest, and Martinez do not care.... They don't care they are hurting you... They live their lives knowing that people want to get rich on the stock market. They know the SEC and FINRA are limited and that they can pull this scam off only for a finite period of time. They know that the SEC says "buyer beware" so they (Ali, Guest, and Martinez TELL YOU EVERYTHING THEY ARE SUPPOSED TO TELL YOU IN SEC FILINGS AS REQUIRED AND THEN THEY BURY THOSE SEC FILINGS UNDER COUNTLESS FLUFF PR's.... They are counting on you to be lazy OR for you to disregard the last Q, The last K, or the Last A, or the last 8 NT's and hope that the latest PR is going to turn this ship around.
They are counting on you to be lazy, or stupid, or naive, or all three.
All three works best for them because it means you'll keep your money with them longer.
