Ubiquity, Inc. (OTCBB:UBIQ) Continues To Slide

[[tagnumber 0]][[tagnumber 1]]Last month didn’t start well for Ubiquity, Inc. (OTCBB:UBIQ) as the stock’s price continued to slide after it dropped below the $3 per share mark in the second half of October and it seems that someone decided to do something about this.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Paid promotional campaigns aren’t as popular as they were last year, as the SEC and FINRA finally began to give more attention to them and impose serious penalties for companies whose stock was manipulated by such means. That, however, doesn’t mean that they no longer exist.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 10]]UBIQ[[tagnumber 11]] is one of the companies that was targeted by a paid promotional campaign that started on November 18 and managed to draw quite a lot of attention to the not–so–popular ticker. The compensations for the promoters varied with some of them bagging as much as $15 thousand for the dissemination of the emails.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The start of the campaign saw [[tagnumber 10]]UBIQ [[tagnumber 11]]sitting at $0.78 per share, but the share price quickly began to climb and it crossed the $2 per share mark in just four trading sessions, sitting at $2.06 at the final bell on November 24. The volumes also increased significantly and the stock that rarely recorded a daily trade value of more than $50 thousand registered $1.6 million that same day.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After that, however, things turned for the worse and a swift correction ensued, which was not to be unexpected considering the ticker was moving mainly on the paid promotion. [[tagnumber 10]]UBIQ [[tagnumber 11]]quickly returned below $2 per share levels and closed the first session for this month at $1.10 after a 9.84% loss.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Don’t forget that things might get even worse, because as we mentioned in our previous article, the S–1 filing of [[tagnumber 10]]UBIQ [[tagnumber 11]]contained the names of [[tagnumber 10]]Luis Carillo[[tagnumber 11]] and [[tagnumber 10]]Wade Huettel[[tagnumber 11]], the two of which were charged by the SEC back in the spring of 2013 for orchestrating a pump & dump scheme.[[tagnumber 2]]