Replies to post #29161 on Ubiquitech Software Corp (UBQU)

[ChampionOfTheSun]

No need to cross fingers. It's clear as day in their financial statements. Debt balance and shares have moved exactly in unison at that .001 ratio, further there has not been any activity in the financing section of the cash flows (no borrowing or cash payoffs). Interest is paid in cash.

[ChampionOfTheSun]

Further details for comfort.

11/30/16 -
Debt - $901,516
Shares - 185,308,000

8/31/16 -
Debt - $549,136
Shares - 547,688,000

Change
- Debt decrease $352,380
- Shares increase 362,380,000


The additional 10M shares to make that math fit were issued earlier in the year. These are being amortized as "management contract" at $25,000 a quarter. A non-cash expense
- my guess is these are being earned over 3 years, because 12 quarters of expense would add up to $300K and I think our shares were trading around 3 cents when these were issued in Q1. Then again, may have also been at 1 cent sometime in that range, which would mean they are earned over 1 year.

[topdog52]

Amount of debt already converted? Is any one keeping track? I think they were at 600-800k in convertible debt earlier this year. It would be good to find out how much of that has been reduced based on these amounts of convertible debt shares sold. Anyone done the math and came up with a number?

Hopefully they are not taking on new debt with same type of toxic convertable debt deal. That would really be screwing over shareholders and not keeping shareholder's interests in mind as the CEO claims to be in press releases.

I know I am and so are many others. It looks like someone needs to open the financials to see that the answer is no. Or is there another reason???

UBQU!!!