Replies to post #38469 on Ubiquitech Software Corp (UBQU)

[somanymike]

Have you looked at their financials? Do you not see the millions of dollars that should be going to the company going to lenders who are making 1000% on their loans because the UBQU CHOOSES to pay them in shares instead of cash?

Even if you don't, other investors do and they understand that it takes more than a good product to build a company. You can't funnel millions of dollars out of a company this size without hurting the company and it's investors.

[Buffalogirl]

I buy the products also. They are great products. That doesn't mean the company is honest.

[Scratchgolf]

Everything you wrote in your post is 100% correct. My only problems are that you don't mention are the validity of his claims:

5/25/17 stated they have a $50 million in annual sales goal while releasing their current quarter of $1,038,371 equating to $4.2M annually.
7/17/18 one year later quarterly sales at $948,584 equating to $3.8M annually. (going backwards. how do you get to $50M with only 4 years left now?)
6/28/18 - Ballas issues letter stating they will do more favorable financing going forward. (in 2018 company issued 147 million more in toxic convertible debt at $.001. how is that more favorable financing?)

So increasing dilution with decreasing sales. Increased from 185M shares outstanding to 715M for the 2017. We are now at about 900M o/s. In 2017 issued 484 million in toxic convertible debt at $.001

And you wonder why someone could be concerned for the future without looking at the past. I still think we can hit a home run from here, but only if things are done for the interesst of the company and shareholders. That is all I am asking and wanting.