Replies to post #45347 on Ubiquitech Software Corp (UBQU)

[Orion777]

Ahhhh the "D-Word"

Remember why those convertible notes were issued in the first place. Companies engaged in this market could not obtain financing from banks because hemp was illegal under federal law. Now that hemp is legal to grow anywhere, Hemp Life today and similar companies no longer have to deal with those crippling restrictions.

As a business owner I can tell you that growth costs money - lots of it. When in growth mode you need to hire more people, invest in more equipment, expand inventory, marketing, the list goes on. Jim Ballas may be unpopular with some people on this board but I don't think a lack of competence has anything to do with his actions. In fact, he has really stepped up to the plate in recent months.

As for the recent increase of authorized shares, if I were CEO of this company I would have done the same thing. How else do you secure financing and prevent a hostile takeover at the same time?

[cnote420]

Takes money to make money. Dilution stops and boom. Looks very promising for next week. I think a .002 test is very possible. At least thats how I see it.

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