I wouldn't know about the last couple of years, nor would most of the recent people here. We all got into this play for one reason and one reason only, the farm bill.
UBQU ran hard from .0009 to .0028 in a day or two and then swiftly sold off. Most of us made a shit ton of money but then the toxic notes resumed hitting the pavement.
The stock tested a double bottom a couple of times but there just wasn't enough strength to hold on due to all of these notes being converted into common stock.
One properly place phone call to investor relations was all it took for anybody here to get the sense that the company had been and continues to dilute to raise funds to finance their operations.
So here we are, literally nearly cut in half from previous support levels. And one cannot even scalp on an uptick because the note selling / conversions are relentless.
The CEO of this company truly deserves a swift kick in the nuts and a stiff smack across his face
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