{"id":5249,"date":"2014-11-22T14:13:39","date_gmt":"2014-11-22T14:13:39","guid":{"rendered":"\/?p=5249"},"modified":"2014-11-22T14:21:45","modified_gmt":"2014-11-22T14:21:45","slug":"ubiquity-inc-otcbbubiq-attempts-a-climb-on-pumps","status":"publish","type":"post","link":"\/articles\/ubiquity-inc-otcbbubiq-attempts-a-climb-on-pumps\/","title":{"rendered":"Ubiquity Inc. (OTCBB:UBIQ) Attempts a Climb on Pumps"},"content":{"rendered":"\n

What’s painted red and dropping faster than a bad facelift? One answer would be the stock of Ubiquity Inc. (OTCBB:UBIQ<\/a>) over the past two months. After trading at $5.5 per share in early October, UBIQ<\/a> clambered to a close at $1.22 yesterday.<\/p>\n

We last covered the company one month ago and what came up was far from rosy. Starting with the involvement of Luis Carillo and Wade Huettel, notoriously charged by the SEC for orchestrating a pump-and-dump scheme, in the company’s formative S-1 filing, then going through UBIQ<\/a> both increasing and decreasing its outstanding shares through splits within 13 months and switching names names twice within the same time, UBIQ<\/a> is looking rather peculiar.<\/p>\n

In addition to the shares issued at $0.65 for an older cash injection, the company’s latest quarterly report also mentions that UBIQ<\/a> issued 2.1 million shares for $645 thousand, putting the price of the newly issued shares at $0.30 per share – a far cry even from UBIQ<\/a>‘s recent bottom at $0.80 last Friday.<\/p>\n

The short rundown of the company’s latest 10-Q is as follows:<\/p>\n