Birds, I'll admit my theory is a hopeful positive spin as to why UBQU would up their 5B to 10B and be diluting.
I also am not sure any penny stock operating at trips can meet the requirements as you state.
Also true, being on an exchange (actually GE was on the dow and due to mismanagement for decades (and chasing non-core competencies such as financials instead of Electrical devices, such as GE) does not guarantee success, GE's price devaluation could arguably be as bad as UBQUs.
However, I would say that a push to get listed would not to guarantee future success (every stock there is a time to get out), but a ploy to get viral recognition.
I definitely agree with you, and have said in previous posts that this company, like all, should build its customer base (sales) and improve shareholder value (operate a either no or non-toxic debt, expand, increase true operating capital either in cash or property, etc)
oh yeah, being listed on an exchange for days would be disasterous. That's why if they ARE considering a split, they better split it to 5 dollars or 10 dollars a share. if they sell off so bad that it's under a dollar a share in a few days.....well....at that point even I would panic sell and be out. But being the FIRST of its TYPE listed on a major exchange for this particular company, as you said, an MJ company, well I could see that as a decent gamble for a company mired in trips.
I offered just a theory, as I stated before, I hope I'm wrong, I agree with you it's a very risky gamble and the short term downfall I can guarantee the haters on this board and others will capitalize to most likely cause another 90% drop in the stock after RS (then again, dub 10 to trip 1 could STILL happen lol and that's another 90% drop regardless)
I do think staying in trips mathematically is smart for UBQU at least until it goes HMPLF (guess at name change) is because investors at this point can look at bid clouds and DD here and make safer guesses at loss (or gain) management. if we RS to 5 bux a share, there's no guarantee you might find a selloff and bam you are down another 80% on your stake in one day. Right now, it's a more confident feeling you aren't gonna fall from trip 6 to trip 2 in a day while the bids stay stacked at trip 5 in the tens of millions, also more accumulation than selling with exception of the 100M dumps (maybe dilution, maybe whale MM accumulators, but we call it dilution most of the time)
regardless, optimism does remain high here. and as you have implied, Hemp life today continues to show potential, and a low share price that invites even small investments at this point. Only trips can you get a million shares for less than a thousand bucks, regardless of the company.
Good luck everybody for 2019 and the last week of January.
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