For sure the toxic debt is an issue. That said though even with 2bn shares outstanding (raising AS and leaving room for tons more dilution) even if rev hits 7m in 2018 I see fair PPS as: (7m *10 (rev multiple factor)) divided by 2bn shares out you get a fair value of $0.035. And FYI the 10x is quite conservative given that UBQU has a positive bottom line. I also expect that UBQU will see a big boost in CBD sales this year and rev could hit even 10m. On top of that they can easily get a sahre conversion deal done similar to POTN where 500m common shares get converted to 10m preferred shares which will receive dividends once rev reaches 15m in a few years. Also UBQU could initiate a buyback program (unlikely but possible given positive bottom line) which will send us soaring. So given the current price and the long runway for dilution I showed above there is no reason why this stock can't get to at least .03 but if they deliver on sales and do a share conversion / buyback forget .03 we're looking at .10 or higher depending on the level or strength of conversion / buyback. Toxic debt is nothing new but assuming all stocks are dead because they have convertibles is just missing the bigger picture - ALA POTN.
This Hemp legalization will be very interesting. With all the folks on iHub buying back in plus the POTN folks who sold prematurely buying back in could see run up to .03 by Friday.