The fact that Ballas has so many condos, and no creditor has been able to garnish any of his US bank accounts as he has no assets in the US, should tell you the dude has stashed his millions he made during 2018/2019 out of reach of US authorities.
As for IMTL, do you think Ms Lawrence Adams AND Liam Adams EACH gave up their respective 2.57 BILLION of IMTL common shares AND relinquished control of IMTL to Ballas for nothing?
IMTL Beneficial Holders as of Sept 2021 (>5%)
Liam Adams CFO 935 9TH STREET MIAMI BEACH 2,557,107, 246 39%
Caroline Adams CEO 71 FORREST AVE RUMSON NJ 2,557,107,246 39%
Now fast forward to any IMTL quarterly report filed this year when Ballas took control. There are ZERO references to the Adams family as beneficial owners. Up till this year, no preferred shares were issued, but when Ballas took over, he issued 1,000,000 preferred shares to himself
[color=red]IMTL Beneficial Holders as of June 2022 (>5%)[/color]
Jonathan Thomas Investor San Clemente, CA 260,000,000 Common 6.60%
James Ballas Pres./ Director Tampa, FL 1,000,000 Preferred A 100%
Since neither Caroline or Liam Adams were listed us beneficial owners in the latest IMTL quarterly reports since Ballas took over, what happen to the 2.57B shares EACH had (representing 78% of IMTL O/S)?
We know they weren't sold in the open market. How do you make over 5 BILLION IMTL shares disappear off the books? And how does Ballas acquire 1,000,000 preferred shares of IMTL when such a class of shares did not exist prior to Ballas taking the helm? Caroline and Liam ADAMS must have received SOMETHING for EACH of their 39% stake in the company, right? The seller doesn't just walk away from 5 Billion IMTL shares, AND give the buyer 1 MILLION PREFERRED shares, and the seller get NOTHING in return?
Maybe Ballas pulled the same scam he did with GPL when he "issued" GPL 16 Billion UBQU shares. But rather than GPL being the receipant of those shares, they went to an offshore brokerage account not subject to US reporting laws.
Ballas paid off GPL and the Adams family in cash in return for their silence.
Think about it. How do you make 16 billion UBQU shares disappear, that were supposedly issued to GPL but GPL never filed a Form 13D with SEC, and were never listed as "beneficial owners".
Similarly, the Adams were listed as beneficial owners of IMTL with each owning 39 percent of the common shares. Now they have NOTHING. What happen to those 5 Billion IMTL shares? Who owns them now since neither Caroine or Liam Adams are beneficial holders anymore?
Ballas isn't out there working hard on behalf of the shareholders!! He is out there spending the shareholders money on some exotic island in the Caribbeans. His silence & delays, and one BS tweet after another, speaks volumes.
So if you made it this far...whose BS do you believe? Bluechip rants about Kenny & Amy & Zombies manipulating UBQU price while Ballas has the shareholders back....or my conspiracy theory about Ballas hoarding millions of shareholders money in offshore accounts? At least i have facts to back up my conspiracy theories where Bluechip is just endless mindless dribble with ZERO facts.
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