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DeafTrader2

04/16/24 3:43 PM

#75642 RE: Chip79 #75639

UBQU sucks . Full of BS news pr and X .
Bearish
Bearish
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Joe Burmeister

04/16/24 5:27 PM

#75645 RE: Chip79 #75639

Prior to August 2021 (date in which SEC filed suit against GPL Ventures), all the loans were to Dillon et al of GPL Ventures. Some 16 BILLION shares were "issued to GPL" for loans of about $800,000. Furthermore, in early 2023, SEC mandated that any remaining UBQU shares held by GPL Ventures be cancelled. But rather than cancelling those shares, he cooked the books and reassigned previously GPL debt to A2G so now you see entries for A2G in 2020 and 2021 when previously there were none.

I am not sure if those UBQU shares actually were ever held by GPL Ventures. More likely, Ballas made fictitious entries in the accounting books and falsely attributed those shares to GPL Ventures. That would explain why he waited to the very last possible day to get UBQU pink current. The shareholders anxiously waited for months for UBQU to become Pink Current, and no one could understand why it was taking Ballas so long to do the paperwork. Ballas was chitin in his pants when SEC filed suit against GPL in August 2021. He thought SEC would surely investigate him for his involvement with GPL. After all, Ballas supposedly handed GPL 16 billion UBQU shares, more than any other 80 or so microcaps that GPL conducted business with. But none of those 16 billion UBQU shares ever appeared on GPL books, and no Form 13 was filed with the SEC, so SEC had no reason to investigate UBQU for its business dealing with GPL. So, if GPL didn't have those 16 billion UBQU shares (as they never appeared on GPL books that were heavily scrutinized by the SEC), where did those 16 billion shares end up?

Lawrence Adams, former CEO of GDET, now deceased, probably introduced Ballas to GPL Ventures. Adams probably told Ballas of all easy money he was making from GPL as GPL management were a bunch of dumb assess. Ballas probably saw how Adams was manipulating GPL Ventures to his advantage. At the time, the IR for GDET was Pryia, and Pryia probably introduced Ballas to Adams. As a result of this introduction, Pryia was appointed IR manager for UBQU. And Ballas would later become CEO of GDET upon Adams death. But because GDET/Adams had extensive dealing with GPL Ventures, and were being investigated by the SEC, until the time of Adams death, Ballas didn't need additional scrutiny from the SEC, and he especially didn't want SEC to find out that there was some 16 billion UBQU shares attributed to GPL on UBQU books as that would raise some eyebrows at the SEC.

So he killed off GDET....literally. GDET went to expert market. Initially when he was appointed CEO of GDET, he had high hope of continuing his pump & dump scam with GDET as the first thing he did was raise GDET A/S from 5 billion to 25 billion shares literally within 24 hours of becoming CEO. But he later came to his senses and decided that it was too risky to execute his pump & dump campaign with GDET shareholders due to GDET previous history with SEC.

But i went off on a tangent....my point is that since Ballas reassigned what was once GPL convertible debt, but is now A2G, indicates that GPL never had those shares, and those entries were fictitious. Those convertible debt never went away despite all those shares hitting the O/S. So Ballas was double dipping, actually triple dipping. He was pocketing the money from the sale of the 16 billion shares, he was also pocketing the interest payment for those "loans" as those loans on the company books were fictitious. And thirdly, he was pocketing the operating revenue from Cannazall that was used to pay down some of those fictitious convertible debts.

If it's not obvious already, and you can tell how cocky Ballas has become lately by his endless repetitive tweets to get the new naive UBQU shareholders to buy into his latest $5 million revenue per year scam, Ballas thinks he is invincible. He has got away with so much. He blatantly stole Cannazall from UBQU shareholders. If Cannazall wasn't doing well, he could just let it die a slow death like BCMG but he went to great trouble to remove any mention of Cannazall from the company profile and disclosures, yet BCMG is still mentioned but BCMG hasn't made a dime for UBQU. He wouldn't have gone through all those hoops, which took most of 9 months to plan & execute, unless it somehow benefited his pockets.