Imagine being a toxic lender, like A2G LLC, and having these billions of useless UBQU shares that they can't dump (no change in OS since last November) as the volume has been pitiful the past few months . What do you do? You can't take Ballas to court as the transaction was shady to begin with. After all you don't want the company's illicit transactions to be a matter of public record for shareholders and/or regulators to scrutinize. You could double the interest on the loan but that only gets you so far. You could demand the notes be paid off in full...which Ballas could do as he has deep pockets. Mind you Ballas had to pay off the Caroline Adams for the IMTL acquisition...so Ballas might be low on cash. Probably the reason he had to let his IR and CMO peeps go as it was either them or his creditors.
Times must be tough for Ballas...no video updates for shareholders this year. He must have been forced into hiding from his creditors. Maybe that why's Kathy Benz moved to Sarasota, FL from NJ so she can be closer to her cash cow (Ballas).
Ballas has to come up with some earth shattering news that will spur lots of buying. The only news that would bring about crazy buying would be a ticker change / mergers news/ or if he fudges the 2nd quarterly report due next month and artificially inflate the revenue into millions like he did back in 2017/18/19 and then went dark for two years waiting for the dust to settle.
Or he could simply be on an extended vacation sailing, with his wealthy pals, Kathy & Alex Benz, on his million dollar yacht off the Caribbean coast that he purchased from BoatCrazy.com.
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