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Saturday, January 23, 2021

Ubiquitech Software Corp (OTCMKTS:UBQU) Tries to Fuel a Bounce

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Ubiquitech Software Corp (OTCMKTS:UBQU) has been an oft-promoted name loosely associated with the marijuana space. The stock has been breaking to the downside of late. The company recently offered up a corporate update to give shareholders more perspective on where the company is, and where it plans on going from here.

The company’s emphasis in this communication appears to be targeted at its convertible debt issuance history and the potential for current shareholders to jump ship amid the prospects of a possible dilution risk. According to the release, “the company has long-term convertible debt from several investors that helped the company launch its business during 2013 and 2014. These debt instruments are convertible at the company par value. These investors have the right to convert stock from time to time at their discretion but are limited as to their percentage ownership in the company.”

Ubiquitech Software Corp (OTCMKTS:UBQU) trumpets itself as a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, Direct Response (DRTV) Television, Radio, and traditional marketing, to drive traffic to the new and emerging multi-billion dollar industries like its subsidiary HempLifeToday.com.

HempLifeToday focuses on the exciting and dynamic new thinking in the world today that recognizes the important health and life enriching enhancement that CBD Oil from the Hemp plant can bring. Through its network of quality USA growers, HempLifeToday.com has developed multiple and proprietary CannazALL CBD oil products that include; It’s popular CBD Tinctures, Oils, GelCaps, CBD Powder, Skin Salve, Wax Crumble, and e-liquid

UbiquiTECH Software Corp. was incorporated in 2007 and is based in Denver, Colorado.

According to company materials, “Ubiquitech Software Corp., through its subsidiaries is a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, Direct Response (DRTV) Television, Radio, and traditional marketing, to drive traffic to the new and emerging multi-billion dollar industries like its subsidiary HempLifeToday.com. HempLifeToday focuses on the exciting and dynamic new thinking in the world today that recognizes the important health and life enriching enhancement that CBD Oil from the Hemp plant can bring. Through its network of quality USA growers HempLifeToday.com has developed multiple and proprietary CannazALL CBD oil products that include: its popular CBD Tinctures, Oils, GelCaps, CBD Powder, Skin Salve, Wax Crumble, and e-liquid.”

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As noted above, the company recently put out a shareholder update. The goals of the piece seem to be focused on debt and cap table structure, naming, and symbology, which is typical of a company in transition.

CEO James Ballas said, “This was a huge decision to stay with our current, and long-term name, but we now have opportunities in the Tech sector that will not only serve our HempLifeToday division, but will also give us leverage in a new and emerging Technology sector that utilizes all of the talent, software, programming, and lead generation that has made HempLife Today so successful, and now we are going to be applying this to an additional sector. Simply put, we are very excited about this new opportunity to add another successful division to the UBQU umbrella, and we will be releasing this exciting news to our shareholders in the weeks ahead.”

Traders will note just shy of -20% leaking out of the stock during the past week. That said, note that UBQU has evidenced sudden upward volatility on many prior occasions. What’s more, the listing has seen interest climb, with an increase in recent trading volume of 21% beyond what we have been seeing over the larger time frame.

At this time, carrying a capital value in the market of $2.2M, UBQU has a store ($178K) of cash on the books, which must be weighed relative to virtually no total current liabilities. UBQU is pulling in trailing 12-month revenues of $3.9M. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 58.2%. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $UBQU stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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