UBQU CEO James Ballas gave GPL Ventures (Alex Dillon) 12 BILLION shares (60 percent of the current O/S, yet GPL never filed Form 13 with the SEC).
8 of those 12 BILLION shares were issued March to May 2021 in return for a $300,000 loan. If Dillon converted those 12 billion shares, the least he could have got was $1.6 million. In realty, it was 5x to 10x more as the share price was trading between 0.0005 and 0.001 during the 2nd quarter (UBQU FY ends 11/30).
I am sure the CEO, James Ballas, is in cahoots with Dillon and got a percentage of the proceeds from the sale of 12 BILLION shares. The O/S skyrocketed from 11 billion to 19 billion in 2nd and 3rd quarter, yet none of the conversion of shares went towards debt payment.
I don't think the SEC enforcement action against GPL (including the freezing of GPL assets) impacts UBQU in anyway. But it would be nice if UBQU somehow gets those 12 billion shares back and/or all GPL dept is wiped from the UBQU books (approx $680K is still outstanding to GPL)
2021 - Convertible Debt
02/03/21 800,000,000 GPL Ventures LLC Alexander Dillon 02/12/21 1,000,000,000 GPL Ventures LLC Alexander Dillon 03/01/21 1,000,000,000 GPL Ventures LLC Alexander Dillon 03/16/21 216,859,846 GPL Ventures LLC Alexander Dillon 03/25/21 1,000,000,000 GPL Ventures LLC Alexander Dillon 04/19/21 1,300,000,000 GPL Ventures LLC Alexander Dillon 05/03/21 1,300,000,000 GPL Ventures LLC Alexander Dillon 05/19/21 1,600,000,000 GPL Ventures LLC Alexander Dillon
2019
02/06/19 480,000,000 GPL Ventures LLC Alexander Dillon 02/13/19 580,000,000 GPL Ventures LLC Alexander Dillon 02/20/19 336,568,200 GPL Ventures LLC Alexander Dillon 02/25/19 670,000,000 GPL Ventures LLC Alexander Dillon 03/06/19 740,000,000 GPL Ventures LLC Alexander Dillon 03/12/19 800,000,000 GPL Ventures LLC Alexander Dillon 03/22/19 287,095,800 GPL Ventures LLC Alexander Dillon
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