Ubiquitech Software Corp (OTCMKTS:UBQU) Almost Passes The 10 Cent Mark

[[tagnumber 0]][[tagnumber 1]]Ubiquitech Software Corp (OTCMKTS:UBQU)’s stock trades in relatively small daily volumes and we have seen the ticker gain quite some value in the past several months. Even with the slide that we saw in the end of June the company is still, currently, 400% above the levels that it had in the beginning of April.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One of the things that keeps [[tagnumber 6]]UBQU’s[[tagnumber 7]] investors excited is the fact that they have managed to strengthen their revenue–generating abilities after the acquisition of HempLifeToday.com, something that Global Links Corporation (OTCMKTS:GLCO) didn’t manage to do as we discussed in our previous article.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, there is much to be desired from [[tagnumber 6]]UBQU.[[tagnumber 7]] Let’s take a quick look at the updated financials of the company, covering the quarterly period ended May 31, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $65,382[[tagnumber 19]] [[tagnumber 18]]current assets: $131,873[[tagnumber 19]] [[tagnumber 18]]current liabilities: $2,240[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $750,513[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $45,364[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It is apparent that the cash reserves are quite little, even by OTC standards, but so are the current liabilities which are almost non–existent. We see an increase in current assets and revenues, but at what cost? While the revenues have increased from $268,500 in the same period in 2014 to $750,513 we see that the cost of sales has increased from ZERO to $574,012.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In the same time, we see that while being capable of finishing the quarter with a net profit of $4,375 in 2014 the company has a net loss of $45,364 in the same period this year. Looking at the 6 month period ended May 31, 2015 we also see that the gross profit of the company has remained nearly the same.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This, however, doesn’t mean that the management didn’t use the 279% year–over–year increase in net sales to try and boost investor morale in yesterday’s press release. The PR pushed [[tagnumber 6]]UBQU[[tagnumber 7]] 11.24% in the right direction and the ticker finished the session with a price of $0.099 with a total of 920 thousand traded shares that generated $94 thousand in daily dollar volume, the biggest in more than a month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today, however, after a bit of hesitation, we see [[tagnumber 6]]UBQU[[tagnumber 7]] sitting 5.56% down as of the writing of this article. It appears that the company stock will be unable to climb above the 10 cent barrier for now. You should also be careful with the stock for another reason. As we wrote in our previous article the company has issued vast amounts of shares it highly discounted prices and the fact that [[tagnumber 6]]UBQU[[tagnumber 7]] is using the Alternative Reporting Standard means that the entities that hold these shares aren’t obliged to file anything before deciding to sell their holdings on the open market. [[tagnumber 2]]