Well, the fins certainly read that way. Although the only reason I can come up with for Ballas agreeing to those terms is if they are working together to basically turn 'free' ubqu shares into millions of dollars for them to split.
It's not a bad plan if they get away with it:
Create/acquire/Merge with a publicly traded company.
Apply for and be approved to increase available shares.
Create fake projects and 'borrow' money from your friend's cousin's neighbor with a clause that allows for the debt to be paid with shares at a rate of .001 per share.
Pay the loan in shares, continue to release bs PR's and pump the stock to keep investors interested for as long as possible (that part has been a problem for them over the last few quarters as more people are seeing the pattern, hence the current SP).
Rinse and repeat until the company is worthless and your friends have milked investors for all you can.
Retire somewhere nice.
Market Data 
Markets 
AI
