I didn't say you railed against me.
and your second paragraph apes (pun intended) my sentiments exactly.
at this point, we sit and wait. soon UBQU will have to file their financials to stay pink.
was tons of interest due? as of last two fins, easily the quarterly interest was about 300,000 with no hits on the debt.
no official release of sales of the further 20B A/S and since we're at nobid I hope no sales of it.
so did UBQU owe another 300,000 dollars?
if not, we tread water.
if they did, how did they get the cash?
we'll either see UBQU file a fin showing added debt,
OR they won't file a fin,
or soon we'll hear press about bankruptcy.
actually I'd hope a LOT for #1. because a filed fin with no bankruptcy regardless of how bad it might be means we stay pink OTC. if we stay pink OTC and since it appears we agree on wall street's corruption and probably their manipulation of this UBQU stock....every day we last in pink means one day Kenny stops OWNING the cops, jailers, and judges. the second the manipulation ends, Ballas can get a CUSIP/symbol change or a R/S and we might actually see some honest action on the stock.
bankruptcy PR would be the worst but I don't expect it. it would mean GPL and the other lenders would own UBQU. they don't actually want to OWN it. and then they imo had better NOT sell it. if they sold it to say....ANY other company, well they'd have to buy the float which causes a reconciliation of the shares and that might cause those 8 billion mystery shares to have to cover.
I expect #2 if we don't file....I expect similar to GDET and another stock a PM buddy and I played which stayed pink for MONTHS after non compliance.
of course, maybe if Kenny wants this thing gone & dead, we might be at expert from a week to a month. unsure exactly WHEN UBQU has to file.
but since UBQU sells a product, cannazall, we've all bought it and used it....unlike many "piles of shares" that got relegated to expert...this company has the LEGITIMACY to be "pumped" by kenny.
bad news is , smart guess, they don't move MJ legalization any time quickly. too much chaos in a different direction, which is sad because the lich signing a legalizing MJ law federally would pump the entire sector imo for ...2 days. then Kenny could use the APPEARANCE of legitimacy to run UBQU up to.....0020? 0040
but maybe UBQU is one of those 10,000 OTC stocks still around worth keeping around for a while for a collateral pump.
the one thing I haven't talked about is possibly acquisition ...or maybe one day UBQU joining in the various lawsuits against naked short selling like G*T*I*I*. of course I don't put a lot of faith in the lawsuits thing. even if those 8B shares were shenanigans on a 29B float. well at this point my guess the shenanigans on UBQU aren't big enough for anybody to take notice or care.
but the other one would have hope. of course, I do think Ballas wanted to merge GDET with UBQU. now he's CEO of IMTL for whatever reason, I'm guessing he'd want to merge UBQU and IMTL and justify the symbol and CUSIP changes.
problem is even is elon from TESLA wanted to buy out UBQU....well that would be too high profile so maybe that would work, my point is GDET IMTL UBQU and the other tickers I can't name for off topic...well the stocks in the ballas-sphere...all too low key for anyone to notice care or make a noise large enough when the OTC just....denies or sits on their hands on applications which would force a CUSIP change and a recall of the shares. If I had to predict anyting....IMTL goes to expert before UBQU.
but there ya go. we sit, wait for a filing.....if we get a filing and stay pink, honestly, I'll be BUYING a BIT MORE to drop my 00007 average. it's a game of waiting out wall street for me. I don't even see Ballas as anything more than a CEO TRYING to save the company (aka his job) , I don't see him as the guy who will stop the run and screw anybody who bought the 000001s to trip 1s
you said you've been in this play for years. then you remember the 1.5 year nobid from 2019 to late 2020. I actually sold quite a bit and made quite a bit of profit because I bought a lot of those trip 1s. like I've done now. difference between the run of 2021 and now is now I know who is against UBQU and how disadvantaged they truly are!
you noted another reason why the folks here are frustrated:
but, sometime out of frustration my post would call on Balla or other board members, I am sure there more than Kenny out there who is screwing up,
yes....a lot of these penny stock ceos and boards...from UBQU to about 8000 other penny stocks, screwed up.
during the bull markets of 2016-2019, convertible loaners came to them and said hey take these loans at 10% annual. but here's the thing, if your STOCK goes up up up, we'll sell shares for you, and you get debt forgiven at 50% of the two lowest prices per quarter. Dilute SMARTLY ceos....and you can have a high price and be debt free!
thousands of ceos took the deal.then those convertible bond holders just sold shares while kenny shorted the same stock and lo and behold, huge dilution! 50% discount all shares diluted and STILL DEBT.
Ballas isn't alone in this scam, not by far, and not even CLOSE to the company that got screwed the most by it.
my guess the transfer company that hasn't updated all their share structures ....all th stocks in it might have types like GPL as their convertible lenders. wouldn't surprise me.
so yeah to call out Ballas is....cathartic. I get it. and now ballas kinda sorta has a board? preya, the marketing guy, the lawyer...maybe....honestly this company is so small it's hard to know who the insiders are.
but at this point the reason I know ballas sent that letter saying in effect "guys I know you want to turn trip 1 into x100 and own a yacht, but from now on speak to IR"
was because he has to keep legal, and he cannot look in any way to be "squeezing the stock" it's his job at this point to get out of debt, stay current and make moves to grow the company so the shareholder price can go up. UBQU is too small to scream "my stock is naked shorted to all get out!" (it probably isn't) and he definitely can't openly imply his stock is manipulated by the majority holders of the float.
anyhoo. yeah I understand being upset at Ballas is cathartic. and I agree with scratch....nobody really who comes in here and doesn't buy UBQU because of the negative press won't affect anything. but it doesn't help.
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