Over 500 billion shares, Thanks Frank and Mr fan.
Posted by daytrader1 on :
is this end of qbid on this board?
Posted by HossTrader on :
LMAO Never!!
Posted by Doctoall on :
quote:Originally posted by daytrader1: is this end of qbid on this board?
Oh I don't think so.
Posted by imakmony2005 on :
I am speechless.
Posted by njs300zx on :
I had 30,000 shares left after I sold 2,000,000 at almost .02. Now I'm going to have 3 shares. WOOHOOO
Posted by madmoney on :
quote:Originally posted by imakmony2005: Over 500 billion shares, Thanks Frank and Mr fan.
I thought it was 350 billion? oh well whats another couple hundred billion between friends!! LOL!!
Posted by Bigrod40 on :
Nothing on the otc website about this R/S
Posted by DIGDOUGH on :
Now maybe I can sell this sh!t and use it for a tax write off on my ndol windfall. This is the last stock for me with the sexual confusion stuff.
Posted by Upside on :
Damn, between CMKX and QBID they had about 1.2 trillion shares outstanding. And I invested in both of them! How smart am I?
Posted by Doctoall on :
My second call to WA State less that 10 mins ago, I was told just a little bit of a different story.
The clerk indicated that "yes" indeed TMM did file for a 1:10,000 R/S, but upon reviewing their filing their numbers (in his words "do not add up") so in effect the filing could be null and void.
I hope that others do call and check out this information for themselves
[ April 28, 2006, 18:41: Message edited by: Doctoall ]
Posted by Bigrod40 on :
Doc and Imak do you two have confirmation of this R/S??? You two knew all the ins and outs (or acted like you did here on Allstocks) about QBID after the great tour, or visit, or whatever the hell you want to call it...
Posted by madmoney on :
quote:Originally posted by Doctoall: My second call to WA State less that 10 mins ago, I was told just a little bit of a different story.
The clerk indicated that "yes" indeed TMM did file for a 1:10,000 R/S, but upon reviewing their filing their numbers (in his words "do not add up") so in effect the filing could be null and void.
I hope that other do call and check out this information for themselves
null and void? a temporary glitch! or maybe it will end up 1 for 12,000!!
Posted by imakmony2005 on :
Me to Upside, But just got word the filing might be wrong and get denied due to the share count.
Posted by Alek2 on :
So if I have 2,000,000 shares, that means that I now have....
200 shares?
Posted by imakmony2005 on :
ya i knew the ins and outs so well im down 25k plus.
Posted by Alek2 on :
fak IMak, that is horrible bro,
I can't even imagine how you must feel, I was down 2k on CNES and now I am back, I never sold when it went down to 0.0001 and now its back over the 0.001 and heading into the 20's so less and less hair is turning white, but I really truly can't imagine what it must be like being 25k down.... 2k down and i was going nuts, I just can't imagine 25k GLTA!
Posted by imakmony2005 on :
Pinksheets, Got to love them.
Posted by Bigrod40 on :
I have only one thing to say. I hope Mr. Fanny has details that will make this R/S work. Maybe it was something he feels had to be done before the Chicago Games. One thing to remember, correct me if wrong, did Mr. Fanny not own 53% of the shares????
Posted by CashCowMoo on :
well where are all the QBID pumpers now? i remember a while ago i said they would and wow was i ever attacked for that one.
well this is what they will do they will R/S and then most likely start all over and start slangin shares like crack in compton back up to the high billions
Posted by madmoney on :
quote:Originally posted by Bigrod40: I have only one thing to say. I hope Mr. Fanny has details that will make this R/S work. Maybe it was something he feels had to be done before the Chicago Games. One thing to remember, correct me if wrong, did Mr. Fanny not own 53% of the shares????
if they do not reduce the authorized share count then its a scam! pure and simple, and i mean a REAL reduction, even 90 percent would leave 50+ billion! at that level it would STILL be worthless! hell even a 99 percent reduction would be pushing it!
Posted by njs300zx on :
This has been worthless from the start. It was a pump and dump pink.
Posted by mjm2005 on :
quote:Originally posted by imakmony2005: Over 500 billion shares, Thanks Frank and Mr fan.
I second that. Thanks Frank/Fan.
Posted by Bawz2wawz on :
How the hell are they going to dilute again? What trader in there right mind would ever touch this again? everybody and there brother knows about this scam!
When will we know what the new symbol is?
Posted by Dew-it on :
Let me get this right... 1:10,000 RS and A/S increas from 350B to 500B? WTF!?
Posted by njs300zx on :
So now I will hold 3 shares of this and $7000 worth of ILGY's restricted shares. I love it.
Posted by madmoney on :
quote:Originally posted by njs300zx: This has been worthless from the start. I was a pump and dump pink.
I have to disagree, in the beginning this had potential, I played the 1st run and did very well, of course that was when the O/S equaled something less than the number of stars in the galaxy!. this could have worked, frank was/is an apparent idiot, there are only so many ways you can screw things up! unfortunately they managed to do every one of them!!. if there is a sliver of hope left it is microscopic!
Posted by mjm2005 on :
What's ILGY??
Posted by njs300zx on :
TWOG's dividend.
Posted by Dew-it on :
The trade transaction alone will cost you more than your 3 QBID share are worth. lol! Not making fun of ya - we are all in the same freakin boat.
quote:Originally posted by njs300zx: So now I will hold 3 shares of this and $7000 worth of ILGY's restricted shares. I love it.
Posted by imakmony2005 on :
My butt hurts.
Posted by njs300zx on :
quote:Originally posted by madmoney:
quote:Originally posted by njs300zx: This has been worthless from the start. I was a pump and dump pink.
I have to disagree, in the beginning this had potential, I played the 1st run and did very well, of course that was when the O/S equaled something less than the number of stars in the galaxy!. this could have worked, frank was/is an apparent idiot, there are only so many ways you can screw things up! unfortunately they managed to do every one of them!!. if there is a sliver of hope left it is microscopic!
I played the first run also. Got out at .019 I think but still got stuck with 30,000 shares
Posted by Bawz2wawz on :
Imak, forgot to grab the vaseline, lol?
Posted by njs300zx on :
BKMP, USXP and RSHN have been very very good to me though.
quote:Originally posted by Dew-it: The trade transaction alone will cost you more than your 3 QBID share are worth. lol! Not making fun of ya - we are all in the same freakin boat.
quote:Originally posted by njs300zx: So now I will hold 3 shares of this and $7000 worth of ILGY's restricted shares. I love it.
Posted by imakmony2005 on :
Frank got me dry.
Posted by Doctoall on :
quote:Originally posted by Bawz2wawz: Imak, forgot to grab the vaseline, lol?
Richard has it Posted by imakmony2005 on :
USXP and RSHN have been very very good to me though.
yep thats why im still here in the pennys.
Posted by madmoney on :
you know, actualy this is kind of a relief! at least now we KNOW it`s over ( until the next roud of suckers come in at 0003! ) this will come back to haunt the boards yet again! count on it!
Posted by Bawz2wawz on :
quote:Originally posted by Doctoall:
quote:Originally posted by Bawz2wawz: Imak, forgot to grab the vaseline, lol?
Richard has it
lol, he's probably more of KY guy though
Posted by Dew-it on :
I think you got it wrong... Frankie the Fraudster, in addition to our money also took the vaseline. lol!
quote:Originally posted by Bawz2wawz:
quote:Originally posted by Doctoall:
quote:Originally posted by Bawz2wawz: Imak, forgot to grab the vaseline, lol?
Richard has it
lol, he's probably more of KY guy though
Posted by firefighterswct on :
quote:Originally posted by imakmony2005: Frank got me dry.
lol
Posted by LEO on :
so is this the calm before the storm?
Posted by tmanfromtexas on :
I dont own nor have I ever owned this but Ive always wondered if the bastuds that decide to rs a stock have to rs theirs too. If they have a ton of preferred shares it probably dont make a rats azz to them that folks get it the hard way. Just a little to stir the pot. lol. btw i got it up the azz with jphc so i know how ya feel. TMAN...
Posted by LEO on :
Any guesses on how soon Olson (Olsen)(Fan??) comes back on the scene to run the company again?? Posted by HossTrader on :
I'm never gonna get my dvd, am I?
Posted by CashCowMoo on :
frank sent me an email with an audio message for the shareholders. i loaded it online so everyone could listen.
The r/s may have been rejected...null and void, but what difference does it make? We now know their intensions.
Yeah, I too figured a r/s at some point, but not this soon. Not that big.
Rejected or not, if not now...then you sure as hell no its coming later.
Posted by MikeC on :
I took this asswoopin like a man though!
Still have CNES, MSSI, HMSC, FMLY and DRGV
I think it's fair to say that I got probably one of the biggest rookie initiations the sub-penny's has ever given since CMKX.
Fuk me once...shame on them, Fuk me twice...no way!
So it is. So it is.
I hereby denounce the screen name QBID'n and become MikeC.
Good luck to all.
Posted by Dew-it on :
LOL!
quote:Originally posted by MikeC: I took this asswoopin like a man though!
Still have CNES, MSSI, HMSC, FMLY and DRGV
I think it's fair to say that I got probably one of the biggest rookie initiations the sub-penny's has ever given since CMKX.
Fuk me once...shame on them, Fuk me twice...no way!
So it is. So it is.
I hereby denounce the screen name QBID'n and become MikeC.
Good luck to all.
Posted by Penny-Trader on :
quote:Originally posted by CashCowMoo: well where are all the QBID pumpers now? i remember a while ago i said they would and wow was i ever attacked for that one.
well this is what they will do they will R/S and then most likely start all over and start slangin shares like crack in compton back up to the high billions
am i one of the pumpers? if so well we have been talking about this for months. nothing too surprising here.
dont believe me then read these post just for a couple of examples. there are more, but i dont want to bore you
Penny-Trader Member
Member Rated: posted March 10, 2006 11:51 -------------------------------------------------------------------------------- historically r/s happen when the price is locked at rock bottom, to allow for some movement in the price.
I would say that we are right where we need to be for one to occur.
its not happening today
typically they will have a midnight meeting of the board, vote for a r/s and have it executed with a symbol change prior to the opening of trading for the day.
no warning no nothing.
they will not tell you they are doing it. it just happens.
every morning that we are still trading at these levels under this symbol, is good news to me.
but one morning soon we could be experiencing this.
I would love to hear a couple of prs come from Mr Fan, so that we can get an idea of what his plans are before this happens.
Rod
-------------------- Dont buy or sell on my opinions, do your research. Make sure you know what you are buying before you buy.
This is a non reporting pink sheet with very high risk. From high risk comes high rewards. Dont invest more then you can afford to lose.
-------------------------------------------------------------------------------- Posts: 4721 | From: Prescott, ON, Canada | Registered: May 2004 | IP: Logged |
Penny-Trader Member
Member Rated: posted February 01, 2006 15:01 -------------------------------------------------------------------------------- the mms can trade into the 5th digit. when it is going for .00005 and above it get rounded to .ooo1
this is not good. Frank is selling his shares for even less then we can buy them.
in my opinion we are going to a reverse split.
last time i saw this in a stock i held they r/s it twice. once was 6000/1 and a week later a 1000/1.
that effectively wiped out ever investor that had 6 million shares or less. 6000/1 leaves you 100 shares for every million you had. and then 1000/1 leaves you with less then one share and they do not issue you a fraction of a share which wipes out your investment.
Im not saying this is what is going to happen. but they are going to have to split this or increase the value, and i mean like now.
this is very disappointing, I think it is now time to take legal action on Q television network.
i hate to say it but i believe that is where we are left.
Im still holding in case im completely wrong, as the tax right off is worth more then i can get back from my shares at this point.
and i always said i was here till the end.
We have been lied to over and over and over again.
enough is a enough.
im in lurk mode for a while as this is just plain disgusting.
Rod
Penny-Trader Member
Member Rated: posted March 23, 2006 00:46 -------------------------------------------------------------------------------- yes I do think that it is inevitable.
to what extent? that is anyones guess.
could be a little as 10-1 but could be as high as 35000-1
no way to know till it happens.
Rod
quote: -------------------------------------------------------------------------------- Originally posted by mrbigdogpete: thanks Penny Trader.
in your opinion is a r/s inevitable, if so best guess as to the split? --------------------------------------------------------------------------------
-------------------- Dont buy or sell on my opinions, do your research. Make sure you know what you are buying before you buy.
This is a non reporting pink sheet with very high risk. From high risk comes high rewards. Dont invest more then you can afford to lose.
-------------------------------------------------------------------------------- Posts: 4721 | From: Prescott, ON, Canada | Registered: May 2004 | IP: Logged |
Posted by Penny-Trader on :
really makes you wonder about the business mind of Mr. Fan. he cant even pull of a r/s with out fing it up. even the slimiest of business men cant screw up a r/s, makes me think that maybe Mr. Fan is Frank Olsen's latest alias.
lol
there is nothing we can do about it at this time. about all you can do is put in a market sell, and get what you can out of this stock.
I will hold out though till the end of the year and take the right off on my taxes.
at least with a r/s we are back to a level that is only ridiculous, as opposed to the ludichrist level we are at now.
such is life, you spin the wheel you take your chances.
I'm in a hotel room for the next 3 days and wont be able to read much over the weekend.
i just found out about this news about an hour ago from a phone call.
I'm not watching that closely lately. I'm reading all the posts but i only check in every couple of days now.
summer is coming and i have things to do outside.
the R/S is coming, it wont be much of a surprise when it happens. If Fan is for real he would have gained a lot more respect if he would have pred his intentions of the r/s, we couldn't dump the shares if we wanted to anyway, and at least he could have gained a bit of respect from the investors. BUT he did not which makes you wonder if it is not really Frank in a new snake suit.
Rod
Posted by HossTrader on :
quote:Originally posted by MikeC: I took this asswoopin like a man though!
Still have CNES, MSSI, HMSC, FMLY and DRGV
I think it's fair to say that I got probably one of the biggest rookie initiations the sub-penny's has ever given since CMKX.
Fuk me once...shame on them, Fuk me twice...no way!
So it is. So it is.
I hereby denounce the screen name QBID'n and become MikeC.
Good luck to all.
LMAO! Good to meet you MikeC!
Posted by Gordon Bennett on :
I tried to sell at MARKET today and couldn't. I hope Frank gets what he deserves.
Posted by Rich735 on :
quote:Originally posted by Bigrod40: I have only one thing to say. I hope Mr. Fanny has details that will make this R/S work. Maybe it was something he feels had to be done before the Chicago Games. One thing to remember, correct me if wrong, did Mr. Fanny not own 53% of the shares????
Speaking of the Gay Games I emailed them before the R/S and the lady told me this:(Doesn't sound like she is 100% sure QTN is broadcasting them!!!)
Richard –
We are in the process of finalizing our broadcast details & will post that information as soon as we have completed the planning.
From: Richard Sent: Friday, April 28, 2006 10:44 AM To: Info Subject: QTN
Will Q Television Network still be broadcasting the Gay Games? Thanks Richard
Posted by imakmony2005 on :
Good to meet you MikeC!
Posted by imakmony2005 on :
I must say i talked today with HossTrader on the phone and he sure seems like a standup guy to me. Ok hoss i did it now send me the money.lol dinner
Posted by MikeC on :
Hope no hard feelings guys. Just time to move on.
Posted by LEO on :
Hey MikeC, I like your new name Posted by LEO on :
quote:Originally posted by Gordon Bennett: I tried to sell at MARKET today and couldn't. I hope Frank gets what he deserves.
I will soooo NOT be surprised if Olsen/Olson/(Fan???) is back at the helm by June.
Posted by ricecakes on :
quote:Originally posted by imakmony2005: Over 500 billion shares, Thanks Frank and Mr fan.
so that's where we're at now? do you know what date it was raised, not that i'm surprised but just curious how soon after fans pr this took place. thanks
Posted by ricecakes on :
hell why stop there, might as well have a 20000 to 1
quote:Originally posted by madmoney:
quote:Originally posted by Doctoall: My second call to WA State less that 10 mins ago, I was told just a little bit of a different story.
The clerk indicated that "yes" indeed TMM did file for a 1:10,000 R/S, but upon reviewing their filing their numbers (in his words "do not add up") so in effect the filing could be null and void.
I hope that other do call and check out this information for themselves
null and void? a temporary glitch! or maybe it will end up 1 for 12,000!!
Posted by HossTrader on :
quote:Originally posted by imakmony2005: I must say i talked today with HossTrader on the phone and he sure seems like a standup guy to me. Ok hoss i did it now send me the money.lol dinner
My mom will send it. She used to always have to pay kids to play with me anyways! Posted by firefly on :
quote:Originally posted by imakmony2005: My butt hurts.
greesed
Posted by Max Shrap on :
Damn, I thought this was another April fool's joke. Think BKMP and DDSI. Should have your money back in a couple months.
Posted by ricecakes on :
quote:Originally posted by njs300zx: This has been worthless from the start. It was a pump and dump pink.
Posted by ricecakes on :
quote:Originally posted by mjm2005:
quote:Originally posted by imakmony2005: Over 500 billion shares, Thanks Frank and Mr fan.
I second that. Thanks Frank/Fan.
do you think they could be one and the same?
Posted by firefly on :
quote:Originally posted by HossTrader: I'm never gonna get my dvd, am I?
LMAO Send Richard an e-mail
Posted by ricecakes on :
quote:Originally posted by ricecakes:
quote:Originally posted by njs300zx: This has been worthless from the start. It was a pump and dump pink.
anyone planning to buy more?
Posted by HossTrader on :
quote:Originally posted by firefly:
quote:Originally posted by imakmony2005: My butt hurts.
greesed
Hey Sam! Hows it going?! (not counting the major r/s job we are getting LOL)
Posted by firefly on :
quote:Originally posted by HossTrader:
quote:Originally posted by firefly:
quote:Originally posted by imakmony2005: My butt hurts.
greesed
Hey Sam! Hows it going?! (not counting the major r/s job we are getting LOL)
Doing great Hoss, Too much work but enjoing this great spring. Hope all is well.
Posted by HossTrader on :
Sniper, I prefer to think of myself as "special"
Posted by firefly on :
Anyone who knows the sandpit is special Posted by cactus33 on :
quote:Originally posted by 7 of 9:
quote:Originally posted by cactus33:
quote:Originally posted by tmanfromtexas: I dont own nor have I ever owned this but Ive always wondered if the bastuds that decide to rs a stock have to rs theirs too. If they have a ton of preferred shares it probably dont make a rats azz to them that folks get it the hard way. Just a little to stir the pot. lol. btw i got it up the azz with jphc so i know how ya feel. TMAN...
im sure they dump them well ahead of a r/s. who would'nt if they could?????
the CEO does a reverse bcs. he is short
he has shorted his own stock
probably..... you think quick on your feet huh... it takes your mentality and awareness to survive in pennyland.
Posted by Gordon Bennett on :
We already did. LOL
quote:Originally posted by SuperSniper00: if you bought this in the past you are dumb, everyone knows qbid is a joke....who cares about the R/S?
you guys should lose all your money if you trade this crap
Posted by mjm2005 on :
quote:Originally posted by ricecakes:
quote:Originally posted by mjm2005:
quote:Originally posted by imakmony2005: Over 500 billion shares, Thanks Frank and Mr fan.
I second that. Thanks Frank/Fan.
do you think they could be one and the same?
I wouldn't doubt it.
Posted by Penny-Trader on :
are you kidding? you would have more value if you took $500 and put a match to it. at least once its done burning you would have the ashes.
thats more then you will have left if you bought more of this stock, especially before they r/s this.
Rod
quote:Originally posted by ricecakes:
quote:Originally posted by ricecakes:
quote:Originally posted by njs300zx: This has been worthless from the start. It was a pump and dump pink.
anyone planning to buy more?
Posted by Penny-Trader on :
Thanks for your kind humanitarian thoughts.
you have been an inspiration to everyone on this board.
you should be the spokes man for Alcoholic Anonymous.
i can see you getting the person of the year award. I got a tear in my eye when i read your well thought out, intelligent post.
thank you so much for your time.
Rod
quote:Originally posted by SuperSniper00: if you bought this in the past you are dumb, everyone knows qbid is a joke....who cares about the R/S?
you guys should lose all your money if you trade this crap
Posted by Penny-Trader on :
oppps i quoted the wrong fool in the above post.
lol this guy should be the spokesman for cyanide
Posted by letitrideboy on :
sob I am going back to bed
Posted by Repoman75 on :
Usually I would come in here and make fun of you guys with my signature "Down goes Frazier!" line... but since I own JPHC, I know how a good AZZ RAPIN feels
Posted by Hold-em-er-fold-em on :
quote:Originally posted by SuperSniper00: if you bought this in the past you are dumb, everyone knows qbid is a joke....who cares about the R/S?
you guys should lose all your money if you trade this crap
You are a real piece of work Sniper! I never owned this, but to come in and kick peple when they are down is real class!
I have a few Ethics CD's if you would like them!
Posted by MillerTIME on :
Anybody watching any of the NHL playoffs?
Posted by Penny-Trader on :
yup Ottawa is on fire
lol
Rod
Posted by whizknock on :
quote:Originally posted by imakmony2005: Over 500 billion shares, Thanks Frank and Mr fan.
Did I read this right?
If there's any truth to raising AS to 500 billion shares & then floating the idea of a 1/10,000 RS while having the balls to state that they can't even publish a SEC filing because their accountung was so badly misshandled, somebody needs to go to jail! No two ways about it!
I've kept quiet long enough because I hate bashers. I don't bad mouth a company even after I move on for the sake of those shareholders who held on. But this isn't even a bash. What these guys have done is crimminal. Period.
$h!t like this makes me mistrust every facet of the market. Alot of people will take an experience like this & never invest again. They'll point out Enron & Worldcom & say it's not just penny stocks. Sadly they will be right.
This kind of crap along with bashers & short sellers hurts the economy real bad.
Somebody,,,Frank, needs to lose everything he owns & go to jail!
Posted by Gordon Bennett on :
Agree.
Posted by LEO on :
Am I the only one who won't be surprised when Frank replaces Fan as CEO of QBID? Or even thinks it's possible?
Posted by imakmony2005 on :
LEO, Mr Fan is a Ghost right now, know one has every seen him? Not even Richard from IR, he has said he only speaks to Mr Fan on the phone, seems like Frank and crew just made someone up. doesnt it.HMM
Posted by LEO on :
It sure does seem like it to me imak. It's seems almost as obvious as 2+2=4.
Posted by imakmony2005 on :
Sure looks that way.
Posted by Doctoall on :
quote:Originally posted by imakmony2005: LEO, Mr Fan is a Ghost right now, know one has every seen him? Not even Richard from IR, he has said he only speaks to Mr Fan on the phone, seems like Frank and crew just made someone up. doesnt it.HMM
The only fan at "Q" is a window model that they bought at Home Depot Posted by LEO on :
quote:Originally posted by Doctoall: The only fan at "Q" is a window model that they bought at Home Depot
LOL Posted by SuperSniper00 on :
quote:Originally posted by Hold-em-er-fold-em:
quote:Originally posted by SuperSniper00: if you bought this in the past you are dumb, everyone knows qbid is a joke....who cares about the R/S?
you guys should lose all your money if you trade this crap
You are a real piece of work Sniper! I never owned this, but to come in and kick peple when they are down is real class!
I have a few Ethics CD's if you would like them!
I have a few investing CD's if you would like them!
Posted by Rich735 on :
Everybody call and flood Llyod Fans voice mail.
1 818 848 5800 ext.220
Posted by qnique on :
The $h!t done hit the Fan
Posted by Gordon Bennett on :
Iceberg! Right ahead! LOL
quote:Originally posted by Hold-em-er-fold-em: I have a few Ethics CD's if you would like them!
quote:Originally posted by SuperSniper00: I have a few investing CD's if you would like them!
Posted by firefly on :
Disgusted.
Posted by noah129 on :
so it seems to me that the dream is over. it was a good dream no it was a great dream unfortunately it hasnt come through. i am very dissapointed i put in over 35k into this i have 40 million shrs which if a 10,000 to one reduction leaves me with 4,000 shares. im not whining i am not crying but i do hope one day qbid does trade for 8 bucks a share haha. anyways folks ill be lurking here and there this was a definite great learning lesson.
the first time i ever played penny stocks i would buy only stocks over a penny a share . i didnt even know to look for micro pennies. ive been playing micros for some time now and i am now 110 % sure never to hold onto them long term if your up your out. the only exception is to let free shares ride. i made a bundle on twog and a couple others but this r/s thing is quite the killer. you folks on this board are great and didnt need that money . future fortunes will happen for all of you with diligence persistance, and most of all patience. there is alot of dough to be made in these pennies but you got to be strict with yourself . ok i know i am mostly talking to myself but anyone just entering pennies especially pinkies look out for r/splitters although their is a time to make a few bucks on reverse split plays but very small time frame. be strict with your rules and never invest more than one can lose those rules alone can save alot of headache.
peace above me peace below me peace all around me. i am dissapointed im not wealthy and eccentric but maybe ill just work on getting weirder so at least i can achieve ecentricity. haha good luck all. Posted by firefly on :
Good luck to you noah and a great post.
As I have always said don't invest more than you can afford to loose (especially in non reporting pinky land).
The best money I have made so far is real estate but that is location location location.
Good luck to the people on this board.
Fly
Posted by noah129 on :
thanx firefly good luck to you as well.
Posted by LEO on :
I've been wondering how you're doing noah. Keep your chin up, you're young and you're only a rookie once. GLTY in your future, I'm sure one day we'll meet as a couple of old eccentrics and talk about the QBID days like it was just water under the bridge. peace- Posted by noah129 on :
yes thank you leo . im doing just fine i just got a big humbling though. i usually take big bets though ive lost fortunes already at only 26 years old hehe. i usually donate all my money to the pro's though through stock options like on cme or goog. you can lose or make alot of money playing those stocks options.thanx i think im jumping over to bkmp but with three grand and not 35 hahaha.
Posted by noah129 on :
yes leo it will be funny to one day meet some of you im sure we are bound to hit one big one day if we keep playing. i know the odds are horrible but one day you get in low you sell high and let a few million ride for free.that is the only way i see it happening as it will be really hard for me not to pull out consistantly when i get up 100 % on stocks. when i first started playing micros i was so confidant i was up 100 sometimes 300% on stocks only to watch them go back down and much further followed by r/splits and you know the story im sure. this is a game and some are good some are learning and some are just suckers . i think unfortunately im a sucker dreamer hahaha. but hey on the bright side for those out their that are dreamers at least you dream which is much more than some can say. keep on dreaming is what i say.
Posted by imakmony2005 on :
Noah, I to was thinking of you glad to read your post you will do fine,and there are big ones to be had RSHN USXP XKEM PTSH I was in on all and made alot of money so stick to it if its something you like doing, and stop being so Greedy lol when your up 100% take your money back.
Posted by firefly on :
imak, I guess the rule in daytrading is up on run then if it slips 10 percent below sale. I don't have the time to day trade. gl
Posted by Doctoall on :
So why a R/S now just 60 days before the Gay Games? Do the need money for the games? Or are they going to have revenue that they do not want to share with us?
R/S and dilute again ??? R/S and reduce our position ???
On another note, for what it is worth I received the USPS delivery confirmation cards today indicating that my certified letters were received on April 26th 2006. One letter to Mr. Lloyd Fan and the other to Ms. Carol Hinnant.
Posted by Deg's wife on :
Just remember what Frank told us in the beginning..."as long as I am CEO, there will be no reverse split"....my mind is wondering 'what if', after this is done, could Frank come back to take Fan's place? Someone could answer this for me! Or am I thinking outside the box? GLTA...
Posted by hedfe on :
wow I am glad I sold my shares back in July when it was at .0017 Posted by skrewball on :
quote:Originally posted by MillerTIME: Anybody watching any of the NHL playoffs?
Yup, I'm a Rangers Fan and I bought into QBID...anyone else see a pattern? lol!
Posted by LEO on :
quote:Originally posted by Deg's wife: Just remember what Frank told us in the beginning..."as long as I am CEO, there will be no reverse split"....my mind is wondering 'what if', after this is done, could Frank come back to take Fan's place? Someone could answer this for me! Or am I thinking outside the box? GLTA...
lol, I've brought that up 3 times on this thread already, and I would not be very surprised at all if that were to happen, going by how this stock is such a soap opera to begin with. Posted by betting babe on :
wow. im speechless. just glad i got out with anything at all.
sure leaves me wondering how some people sleep at nite tho, screwin everyone over like this.
~BB
Posted by bottomfishing on :
email from richard brown. not very informative but at least he replied to my email.
I have received nothing from the company in writing confirming a reverse split, but it looks as though paperwork has been filed with the SOS of Washington.
Once I'm given information from the company to disseminate, I will.
Regards,
Richard Brown Equity Relations, Inc. 617-314-7379 staff*equityrelations.com www.equityrelations.com Please visit our website for disclaimers and information
Posted by Gordon Bennett on :
Richard Brown is such a whore. LOL Posted by suzainiee on :
Perhaps Mr. Fan is like Elvis--after releasing this letter, he left the building.
BURBANK, CA, Apr 12, 2006 (MARKET WIRE via COMTEX) -- Triangle Multi Media Limited Inc. (QBID) addresses shareholders and the investment community.
I felt as the Chairman and CEO of both Triangle Multi Media and Q Television Network, I have a responsibility to dispel certain rumors and address specific concerns that have been expressed by the investment community.
Our primary goal, despite the financial challenges that we may face, is to make our company a success. Although we have had set backs in regards to our inability to produce audited financial statements, we have a dedicated team of professionals strategizing a business plan that we hope will not only repair our company, but allow it the opportunity to succeed.
Currently TMM has 350 billion shares authorized. Fifty-three percent, or 185,500,000,000 were issued to me and my investment team on March 7, 2006. This transaction was based on our agreement to take the financial and business responsibility away from the previous management team. This 53% is non-trading and is held restricted. Of the other 47% of common shares issued, roughly 140 billion are in the float.
************************************************ Since I've taken over, we have not and will not increase the float any further. ************************************************
I will be reviewing emails from concerned investors and hope to address specific facts to the best of my ability. Please send your questions to investor relations and they will be immediately forwarded to me.
Despite our loss in one market, The QTN launch into eight new markets in March 2006 takes our distribution to 6 million homes passed, which is the highest potential subscriber number to date, and we believe this will continue to grow. Additionally, the launch of internet based VDC with fifty million potential viewers has secured our footprint into an emerging technology that will only blossom as we move forward. Carol Hinnant and our sales team will continue to proactively uncover all carriage opportunities that fit into our business model and extend our reach into the GLBT community.
Finally, under the direction of newly appointed General Manager/Program Director, Frank Hagan, the positive feedback we have received from subscribers and the television industry regarding programming has been overwhelming. We are confident in Frank's ability to direct our exceptional talent pool and oversee production at our Burbank studio effectively and efficiently in regards to our existing programs and current projects. The next step will be focusing our efforts on our subscriber growth. I would personally like to thank all of the cable operators and the GLBT community for their continued support.
I am aware of the challenges we must overcome to see our company become a success, and I am disappointed that a handful of individuals with their own agendas have maliciously and recklessly disseminated bad information to cloud the investment community. We will consider taking legal action against these individuals. You have my word we will do everything within our power to gain the confidence of our shareholder base and continue to look for partners with value to build this network into the premier voice of the GLBT community.
Posted by LEO on :
Next week should prove to be quite interesting Posted by CashCowMoo on :
What about AFTER the R/S? shares will still be .0001 but the count will be much much lower...wouldnt THEN be a good time to buy? no more worries about a R/S since it happened and it can only go up....sure might take some time but what about after they get some revenue?
Posted by DIGDOUGH on :
The extra A/S may be neccessary and might have been requested by Frank to have something to pay Fan to take the company from him. Might have just been tired of his stinkin old tongue waggin all the time.
Posted by CashCowMoo on :
quote:Originally posted by Upside: Damn, between CMKX and QBID they had about 1.2 trillion shares outstanding. And I invested in both of them! How smart am I?
so did i man.......you win some you lose some. funny thing was these were supposed to be the big ones
Posted by LEO on :
If it seems too good to be true...
Posted by Gordon Bennett on :
One reverse split doesn't guarantee that there won't be another. And another... And another... etc.
quote:Originally posted by CashCowMoo: What about AFTER the R/S? shares will still be .0001 but the count will be much much lower...wouldnt THEN be a good time to buy? no more worries about a R/S since it happened and it can only go up....sure might take some time but what about after they get some revenue?
Posted by Doctoall on :
Whats up with "Q" this morning Posted by buzzygresham on :
where are you guys seeing a R/S??
Posted by Doctoall on :
quote:Originally posted by buzzygresham: where are you guys seeing a R/S??
From a filing with WA State on 04/26/06. 1:10,000 This was confirmed on Friday but according to WA State the numbers in the filing just do not add up, so it may have to be refiled.
Posted by tntrader on :
With all due respect johnny, you couldn't be more wrong.
I completely agree with you that QBID has been a joke for a long time, but that has not always been the case.
You may or may not have been involved a couple of years ago, but I made some serious bank off of QBID, as did a lot of people here.
It was time to move on after the great run in my opinion.
If I were a moderator of a stock board I simple wouldn't allow a thread about this stock.
Posted by whizknock on :
quote:Originally posted by betting babe: wow. im speechless. just glad i got out with anything at all.
sure leaves me wondering how some people sleep at nite tho, screwin everyone over like this.
~BB
You're right. Frank needs jail time & so do some others.
Posted by imakmony2005 on :
HEY JOHNNY GAVE YOU A ONE STAR. LOL
Posted by n0apologies on :
Whatever happened with that shareholder group that got a lawyer? I live around the area and would be interested in talking to him to see what if anything he found out. I think it was about the same time everyone was sending certified letters. To those that sent letters accepted by fan plan on going back? Will anything be said even if you go? What happen last time honestly there is so much BS now that does it really matter? Yes I am one of those people that "deserve it" but karma can be troubling when it catches up so I sleep ok.
Posted by LEO on :
johnnydollar you're a 14 post johnnydumbazz who obviously has not watched chit. Go back to the school for rejects and get a life moron.
Posted by Bawz2wawz on :
Where is all the volume coming from today?
Posted by Bawz2wawz on :
Anyone try selling at .0001?
Posted by letitrideboy on :
been trying to sell for weeks
Posted by MikeC on :
quote:Originally posted by LEO: johnnydollar you're a 14 post johnnydumbazz who obviously has not watched chit. Go back to the school for rejects and get a life moron.
heeheeheeeeazzzzy Leo ...damn! Posted by imakmony2005 on :
OK this babys just about to take off but i need some fast cash, so i am willing to sell you my very valuable shares for a mere .01 per share yes thats right .01 0ne cent, just send me a PM and will do the deal this will be at a buck soon.LMAO.
Posted by letitrideboy on :
been trying to sell this since 4/10 .......hahaha at .0001
Posted by imakmony2005 on :
SEE WERE AT .0003.LOL
Posted by letitrideboy on :
WOO HOOO been there for 3 minutes now LMAO
Posted by Dustoff101 on :
Hurry Monkey! Run! Sell your shares to all those protesters in S. Cal...Tell um the Pope is the CEO!!!! "Great chance to be new Hollywood Millionaires". LOL
"Pope Fanaramya"
Posted by imakmony2005 on :
IM TRYING.LOL
Posted by imakmony2005 on :
YA, im feeling pretty good up 200% today.lol
Posted by freebird68nj on :
r we still at .0003? How long has it been there?
Posted by imakmony2005 on :
damn near 30 mins.
Posted by Optimus Prime on :
what's going on?????????????
Posted by imakmony2005 on :
Its just an MM screw up.
Posted by Gordon Bennett on :
I sold all shares this morning at $0.00002.
Got sick of looking at it.
Good luck all.
Posted by freebird68nj on :
Has there been any volume at that price?
quote:Originally posted by imakmony2005: damn near 30 mins.
Posted by freebird68nj on :
I just noticed 2mil tick through...but then again, like you said it might be MM typo still
Posted by imakmony2005 on :
NO VOLUME AT .0003, AWHOLE LOT AT .0000. LOL
Posted by manfromjax on :
Gee, go away for awhile and come back to see everything has gone to hell.
Reverse Splits..my experience with them have been mixed. Never been involved with a PinkSheet R/S.
My experience has been that they do the R/S. Issue more shares for cash, then the buyer of those shares sell their shares, then turn around and short the stock back down, so they profit at both ends of the deal. The price always drops back towards the pre R/S price. But some do come back after a long. long time.
As far as QBID, I don't think we will ever get our money back. I will hold onto my remaining shares and they will join the my other worthless shares in my portfolio. Still can't believe that I sunk over 15K into this adventure.
Go luck to all.
Posted by Rock Fish on :
I thought this was a show about vaseline? Glad I jumped out a year ago with just a small loss.
Posted by LEO on :
quote:Originally posted by MikeC:
quote:Originally posted by LEO: johnnydollar you're a 14 post johnnydumbazz who obviously has not watched chit. Go back to the school for rejects and get a life moron.
heeheeheeeeazzzzy Leo ...damn!
!!
Posted by letitrideboy on :
was it me or did more than one sell go through at .0003?? and who sold at .0002 this morning?? I have been trieing to sell at .0001 for 3 weeks!
Posted by Jennifercd10 on :
There were 2 trades at 3. One at 15:33:09 for 2684 shares. Then the next trade was also at 3. That was at 15:55:20 for 2m shares. Then only one more trade before closing for 9m at 1. As of this time, Scottrade still shows the high as 3, but that probably will not hold.
Posted by BJ on :
I also sold all mine today at .00002. Might as well get out now while I still can....
Posted by Penny-Trader on :
keep selling guys.
someone is buying.
i know i cant buy them that low, so who is buying them that low.
Rod
Posted by LEO on :
quote:Originally posted by Penny-Trader: keep selling guys.
someone is buying.
i know i cant buy them that low, so who is buying them that low.
Rod
It's Frank!! Posted by gatorboy2424 on :
hahaha
Posted by Dew-it on :
Someone is desparetly trying to pump this PIG by painting the tape today. Is it Lloyd or Frankeie the Fraudster? According to today's Alphatrade Level 2 history of trades the .0003 trade happened at 15:33.
This thing is screwy.Somthing is up.Cant figure it out.Think I'll just hold and see what happens.
Posted by HossTrader on :
quote:Originally posted by Dew-it: Someone is desparetly trying to pump this PIG by painting the tape today. Is it Lloyd or Frankeie the Fraudster? According to today's Alphatrade Level 2 history of trades the .0003 trade happened at 15:33.
80 cents!!! They must have finally transferred majority interest to Fan then. That should about cover it!!
Posted by Rich735 on :
Hey casper,you have to hold!!!LOL No choice!!!
Posted by casper on :
You got it.
Posted by imakmony2005 on :
According to today's Alphatrade Level 2 history of trades the .0003 trade happened at 15:33.
SORRY THAT WAS ME JUST GETTING A FEW MORE. LOL
Posted by BlackWidow on :
PERSONAL MESSAGE
To all the Qbiddians who have sent me personal notes, my heartfelt thanks.
You can't imagine how much I regret my nickname right now.
Posted by Deg's wife on :
quote:Originally posted by BlackWidow: PERSONAL MESSAGE
To all the Qbiddians who have sent me personal notes, my heartfelt thanks.
You can't imagine how much I regret my nickname right now.
BW??...there were days I didn't even open Allstocks. Is there something I am missing about you? If so, I sure hope all is well.
This is sure a hard slap in the back for all us longs who ride this nasty roller coaster. But as PT has stated, I am playing the 'hanging in there' game and hope this thing can pull something magical out of the hat. Maybe even a miracle? GLTA
Posted by Gordon Bennett on :
Not true. I dumped my last few million at .00002 today. A huge loss for the tax man next year.
quote:Originally posted by Rich735: Hey casper,you have to hold!!!LOL No choice!!!
Posted by Rich735 on :
LOL GB!! If I sold my 22mil which cost $14k at .00002 I would have $440!!
So see,I have to hold!!
Posted by HossTrader on :
I will take the tax write off also, but I might as well give it until December. Not enough to do much with at this point. I took it off my streamer though Posted by firefly on :
quote:Originally posted by HossTrader: I will take the tax write off also, but I might as well give it until December. Not enough to do much with at this point. I took it off my streamer though
Will hang on to my few until December.
Dang Hoss. I was out with a business associate today and went to Bridgtown Grill across from the Fox (one of my favorite eateries). It was closed and abondoned. Talked to the concierge next door they sold along with agathas for condos. Dang
Fly
Posted by Penny-Trader on :
for all that you can recoupe out of this right now I dont see the sence in locking in your losses for the sake of getting a couple hundred dollars.
even companies that fold most of the time experience a quick dead cat bounce.
even if it is to .0002 or .0003 you would get a couple thousand back instead of a couple hundred.
but everyone has to do what makes them happy.
Im happy just to hold and see where we end up.
i have a real hard time finalizing that loss. It is gone now, but it will be thier decision to steal it then if will be my choice to give it away.
Rod
quote:Originally posted by HossTrader: I will take the tax write off also, but I might as well give it until December. Not enough to do much with at this point. I took it off my streamer though
Posted by firefly on :
PT what is up with .0003?
Posted by Dew-it on :
You mean a "couple thousand" pennies" at ".0002-or .0003" after the reverse split, right? lol!
quote:Originally posted by Penny-Trader: for all that you can recoupe out of this right now I dont see the sence in locking in your losses for the sake of getting a couple hundred dollars.
even companies that fold most of the time experience a quick dead cat bounce.
even if it is to .0002 or .0003 you would get a couple thousand back instead of a couple hundred.
but everyone has to do what makes them happy.
Im happy just to hold and see where we end up.
i have a real hard time finalizing that loss. It is gone now, but it will be thier decision to steal it then if will be my choice to give it away.
Rod
quote:Originally posted by HossTrader: I will take the tax write off also, but I might as well give it until December. Not enough to do much with at this point. I took it off my streamer though
Posted by hagatha on :
THIS STOCK SUCKS HARD
Posted by Monopoly Money on :
HAHAHAHHAHAHA this is funny....
Everyone should be able to appreciate the IRONY with this whole situation. We invested in a company whos focus is on the gay community and who's former CEO is gay. Honestly we all should have expected this, we all got RAMMED in the behind without lube and didnt even get a kiss goodbye. If you can't find the humor or irony in this then you have no sense of humor
and of course a picture to illustrate
*im cring on the inside*
Posted by Doctoall on :
Richard Brown: Richard has indicated that he has been paid with QBID shares. Was he paid with common or preferred ? Not a word from IR or Q regarding their filing for a R/S. But then again did we expect any word from Carol Hinnant or the elusive Mr. Fan.
Posted by Brahma on :
It's obvious the shell is a piece of ***t! Fan is trying to get it under control and probably a condition of new money from his backers. With an infusion of capital QBID may be able to cover the Olympics. If so then they will have content to sell to other media companies. A r/s is bad for investors, but may be in the companies best interest.
Just a thought….Oh no here comes the bashing….lol
Posted by Brahma on :
Woo Whoo, I'm going to have 160 shares!
Posted by Doctoall on :
quote:Originally posted by Doctoall: Richard Brown: Richard has indicated that he has been paid with QBID shares. Was he paid with common or preferred ? Not a word from IR or Q regarding their filing for a R/S. But then again did we expect any word from Carol Hinnant or the elusive Mr. Fan.
Well I got my own reply from Richard regarding the status of his shares. He indicated that his shares are "common" only. Posted by Brahma on :
Damn, that means Dick is a commoner just like us. I’m glad that Brown, Richard decided to share with you Doc.
Posted by Brahma on :
Just think of all those employees that were paid in stock options, now to find they have nothing to show for it and for not getting paid in the last few months
Posted by Gordon Bennett on :
That $440 might start to look good to you soon.
quote:Originally posted by Rich735: LOL GB!! If I sold my 22mil which cost $14k at .00002 I would have $440!!
So see,I have to hold!!
Posted by JimS on :
Just suppose for a minute that Mr. Fan is a savvy businessman and that Frank fooled him with the books. And carry this fantasy a bit further and suppose that Mr. Fan is trying to get this company back on track. Hence a reverse split to get the A/S to a reasonable level. After the r/s (if it will be 10,000/1) each share is worth $1.00. If some of the other things about this company are still good (reason I bought into it initially in 2004 and continued to invest - e.g. gay games, carriers, hopes and dreams) then wouldn’t $1.00/shr be a lot more attractive to investors than $0.0001/shr. If the A/S is 350 bil shares (someone mentioned an increase although I haven’t seen that) after the split we will have 35,000,000 shares authorized – again more attractive to investors. From what I can see Mr. Fan has not lied to shareholders and he has attempted to do what he said he would do. If my observations and math are correct then I still have hope. I am a small investor in this company (12,000,000 shares worth $1,200.00 and soon to be 1,200 shares worth $1,200.00), not a pumper, no ties to the company or anyone in it---but still an optimist. Just my thoughts and certainly not an enticement to suggest anyone buy or sell. Good luck to all!
Posted by SuperSniper00 on :
It wont trade at $1. It will trade at .01
Posted by BlindMellonChitlin on :
IF it opens at .01 after the R/S...it'll be .001 within ten minutes.......
Posted by imakmony2005 on :
Been thinking the samething JimS.
Posted by imakmony2005 on :
*im cring on the inside*
Posted by hagatha on :
from what I understand his attempt was to up the a/s to 570B, then r/s to make it 57M, but because this company is so f*d up, their numbers didn't add up and the request was rejected by the WaSoS
quote:Originally posted by JimS: Just suppose for a minute that Mr. Fan is a savvy businessman and that Frank fooled him with the books. And carry this fantasy a bit further and suppose that Mr. Fan is trying to get this company back on track. Hence a reverse split to get the A/S to a reasonable level. After the r/s (if it will be 10,000/1) each share is worth $1.00. If some of the other things about this company are still good (reason I bought into it initially in 2004 and continued to invest - e.g. gay games, carriers, hopes and dreams) then wouldn’t $1.00/shr be a lot more attractive to investors than $0.0001/shr. If the A/S is 350 bil shares (someone mentioned an increase although I haven’t seen that) after the split we will have 35,000,000 shares authorized – again more attractive to investors. From what I can see Mr. Fan has not lied to shareholders and he has attempted to do what he said he would do. If my observations and math are correct then I still have hope. I am a small investor in this company (12,000,000 shares worth $1,200.00 and soon to be 1,200 shares worth $1,200.00), not a pumper, no ties to the company or anyone in it---but still an optimist. Just my thoughts and certainly not an enticement to suggest anyone buy or sell. Good luck to all!
Posted by milliam on :
Why would he bump the A/S now??? I'm not understanding this company, but I guess nothing really makes sense!
Milliam
Posted by LEO on :
quote:Originally posted by JimS: Just suppose for a minute that Mr. Fan is a savvy businessman and that Frank fooled him with the books. And carry this fantasy a bit further and suppose that Mr. Fan is trying to get this company back on track. Hence a reverse split to get the A/S to a reasonable level. After the r/s (if it will be 10,000/1) each share is worth $1.00. If some of the other things about this company are still good (reason I bought into it initially in 2004 and continued to invest - e.g. gay games, carriers, hopes and dreams) then wouldn’t $1.00/shr be a lot more attractive to investors than $0.0001/shr. If the A/S is 350 bil shares (someone mentioned an increase although I haven’t seen that) after the split we will have 35,000,000 shares authorized – again more attractive to investors. From what I can see Mr. Fan has not lied to shareholders and he has attempted to do what he said he would do. If my observations and math are correct then I still have hope. I am a small investor in this company (12,000,000 shares worth $1,200.00 and soon to be 1,200 shares worth $1,200.00), not a pumper, no ties to the company or anyone in it---but still an optimist. Just my thoughts and certainly not an enticement to suggest anyone buy or sell. Good luck to all!
"A savvy business man who got taken by Frank..." That makes absolutely zero sense, lol.
Seriously, if this thing opens at a dollar after a 10000/1 split it's gonna drop like a rock in hot water. The question? How low will it go before it stops long enough for people to trade shares? Some have guessed .01.
Posted by moosehead9nc on :
well, today was the day, i sold all my qbid, i probably shouldn't have but, oh well, i had to put a market order in, my sale went through at .00001 for 6 mil shares netting me 60 bucks, minus trade fees, 50, which is alright, its been a pleasure hoping qbid was gonna run.... take care, onto oil now
Posted by Hiker on :
While watching Boilerroom the other night all I could think about was QBID...
Posted by letitrideboy on :
for 50 bucks I probably would have just kept it in QBID so every time i looked at my acount I would remember My lesson
Posted by moosehead9nc on :
lol, yea, but i was tired of seeing it there heh, ive held onto it since jan 05
Posted by Dew-it on :
That is wishful thinking - I am not saying you are wrong or right, but your theory only holds water if you bought 12M shares at .0001, MAYBE and that is a stretch. Most here are so-called LONGS and have bought in as high as .005 or .01 (some lower, some higher). Based on your theory, and a 1:10,000 R/S, if someones average was say .005, this stock would have to go up $50 for that investor to break even. And for the sakes of arguement...IF this hit a $1 with R/S - will it hold? most pinkies that R/S do not maintain initial R/S PPS -and lose about 70-80% of their value within 1 or two months. So IMO R/S is not a good thing. Now if Lloyd had purchased most of the O/S and retired, say 349B shares - that would have been a different story - and wishful thinking.
quote:Originally posted by JimS: Just suppose for a minute that Mr. Fan is a savvy businessman and that Frank fooled him with the books. And carry this fantasy a bit further and suppose that Mr. Fan is trying to get this company back on track. Hence a reverse split to get the A/S to a reasonable level. After the r/s (if it will be 10,000/1) each share is worth $1.00. If some of the other things about this company are still good (reason I bought into it initially in 2004 and continued to invest - e.g. gay games, carriers, hopes and dreams) then wouldn’t $1.00/shr be a lot more attractive to investors than $0.0001/shr. If the A/S is 350 bil shares (someone mentioned an increase although I haven’t seen that) after the split we will have 35,000,000 shares authorized – again more attractive to investors. From what I can see Mr. Fan has not lied to shareholders and he has attempted to do what he said he would do. If my observations and math are correct then I still have hope. I am a small investor in this company (12,000,000 shares worth $1,200.00 and soon to be 1,200 shares worth $1,200.00), not a pumper, no ties to the company or anyone in it---but still an optimist. Just my thoughts and certainly not an enticement to suggest anyone buy or sell. Good luck to all!
Posted by JimS on :
Dew, my original buy in was at .015. Did cost averaging down to .0007. Notice that I commented "just suppose" and "carry this fantasy a bit further". If it is worth .0001 with 10,000/1 then it would be $1.00/shr at the time of the r/s but I agree that it would probably drop very quickly and it is doubtful that it will hold. "it is a fantasy, a pure fantasy"
Posted by LEO on :
"Don't get too close to my fantasy"... name the band.
Posted by Dew-it on :
Think about it... In the last PR dated 4/12/06, Frankie the Fraudster, I mean Lloyd stated that he and his investors currently hold 185.5B shares and that 140B remain in float - the math never added up because we were never told where the other 24.5 -25B were/are based on 350 A/S.
Anyhow, IMO, Frankie the Fraudster, I mean Lloyd increased the A/S to 570B so that he could screw current QBID investors and increase his overall control of shares. IMO, the reason for the increase and then R/S is as follows: Two scenarios based on 350B and 570B A/S. Someone, please check my math – but it is pretty evident to me why increase and then R/S.
Based on 350B A/S with 1:10,000 R/S
Lloyd: Before R/S = 185.5B. After R/S = 18.5M Float: Before R/S = 140B. After R/S =14M Unaccounted: Before R/S = 24.5B. After R/S = 24M
Based on 570 A/S with 1:10,000 R/S – an increase of 220B
Lloyd: Before R/S = 400.5B. After R/S = 40.5M Float: Before R/S = 140B. After R/S =14M Unaccounted: Before R/S = 24.5B. After R/S = 24M
Think about this as well… in the last PR (04/12/06) Frankie, I mean Lloyd stated “Since I've taken over, we have not and will not increase the float any further.” WTF?!
So who is looking out for QBID investors? Frankie the Fraudster? NOT. Lloyd? NOT. Richard Brown? NOT. SEC? NOT.
IMO, this sounds like the perfect scam and it is still continuing – Dec 06 is not come soon enough for me, so I can write this PIG off!
quote:Originally posted by milliam: Why would he bump the A/S now??? I'm not understanding this company, but I guess nothing really makes sense!
Milliam
Posted by madmoney on :
the A/S does not automaticly R/S with the common, they have to ammend the articles of incorporation to reduce the A/S
Posted by HossTrader on :
Are we still on for Vegas? Posted by Doctoall on :
quote:Originally posted by HossTrader: Are we still on for Vegas?
I am, I will be going there Oct 27-29th for a competitive soccer tournament with my grandson. Always a great time to go to Vegas Posted by Doctoall on :
Latest from Wash State: 425PM today, the filing for April 26th has been backed out and they expect that TMM will refile. So this time will it be 1:100, 1:1000, 1:10,000 or ever greater
Posted by Repoman75 on :
Can you Qbidders stop cloggin the Micropenny board with this wallpaper worth of stock? You're messing up my reading of oil plays. TIA.
Posted by Rich735 on :
For anyone that gets QTN or subscribes to VDC to see QTN. VDC is advertising Brunch every morning with Scott Withers and Honey Labador? Is that right? I thouhgt Scott was fired!
Has anyone been able to buy under.00005? tia Your Pal Pete
Posted by imakmony2005 on :
Scott and Honey are still both on the air last i saw rich, just looked and its the ricein show and yes i spelled it wrong.
Posted by Rich735 on :
Thanks imak!! Don't worry about your spelin...LOL
Posted by imakmony2005 on :
you got it.
Posted by Penny-Trader on :
think about this one for a real far fetched idea.
there appears to be a lot of people selling their shares at .00001 and .00002.
Who is buying them?
someone is buying them. I cant buy them that low.
someone is buying up everything that is being sold at that price.
for 1 million dollars you can buy 50 billion shares. for 2 million you could buy 100 billion shares. for 3 million you could buy 150 billion.
now from what we know there is 140 billion shares out in the float.
now how do you get this number of shares to be dumped for that price?
maybe we could put out a botched up application for a 10000 to 1 reverse split. cause a massive scare and huge dumping of shares.
buy up say 135 billion shares really dirt cheap. dirt cheap being 2.7 million dollars
retire these shares, and lower the A/S to 10 billion shares and watch what happens.
they could sell 3 million shares in the $1 range and payback the loan if there was a loan needed, and cover the interest as well.
is it realistic? probably not. is it possible? sure it is, is it legal? I'm not sure, but i would not complain if this was the case.
anyone that holds long is still rewarded, anyone that was weak and dumped their shares would be kicking themselves for years to come.
As i said, this is all a fantasy in my mind, but ill be damned if i'm going to sell of my shares at this price to find out that my delusional mind is not so delusional.
remember this is a pink sheet and they are never as they appear to be. I still have not heard the fat lady sing, and until that time, I'm still clinging to the fact that i have not lost a penny until i decide to sell.
I don't want anyone to buy this stock based on my above fantasy. I have no expectations that this is what is going to happen in any way.
something is telling me that there is something fishy about a company that can not figure out how to do a r/s without screwing it up. Even the slimiest of CEOs never screw up a reverse split.
you want to figure out what scares a man, just look at what he tries to scare you with.
Rod
Posted by imakmony2005 on :
Thats one of the best yet PT, Hell its doable.
Posted by LEO on :
That sounds very far-fetched PT, which in Frank's case sounds plausible. Pretty crappy not to pay your employees so you can do a buy back though. Oh yeah, didn't you say something about slimy CEO's? lol
Posted by manfromjax on :
Gee PT, you must have already gone down to Mexico and gotten some of that grass and cocaine that is now going to be legal. Great dreams... Posted by dkinvest on :
quote:Originally posted by Penny-Trader: think about this one for a real far fetched idea.
there appears to be a lot of people selling their shares at .00001 and .00002.
Who is buying them?
someone is buying them. I cant buy them that low.
someone is buying up everything that is being sold at that price.
for 1 million dollars you can buy 50 billion shares. for 2 million you could buy 100 billion shares. for 3 million you could buy 150 billion.
now from what we know there is 140 billion shares out in the float.
now how do you get this number of shares to be dumped for that price?
maybe we could put out a botched up application for a 10000 to 1 reverse split. cause a massive scare and huge dumping of shares.
buy up say 135 billion shares really dirt cheap. dirt cheap being 2.7 million dollars
retire these shares, and lower the A/S to 10 billion shares and watch what happens.
they could sell 3 million shares in the $1 range and payback the loan if there was a loan needed, and cover the interest as well.
is it realistic? probably not. is it possible? sure it is, is it legal? I'm not sure, but i would not complain if this was the case.
anyone that holds long is still rewarded, anyone that was weak and dumped their shares would be kicking themselves for years to come.
As i said, this is all a fantasy in my mind, but ill be damned if i'm going to sell of my shares at this price to find out that my delusional mind is not so delusional.
remember this is a pink sheet and they are never as they appear to be. I still have not heard the fat lady sing, and until that time, I'm still clinging to the fact that i have not lost a penny until i decide to sell.
I don't want anyone to buy this stock based on my above fantasy. I have no expectations that this is what is going to happen in any way.
something is telling me that there is something fishy about a company that can not figure out how to do a r/s without screwing it up. Even the slimiest of CEOs never screw up a reverse split.
you want to figure out what scares a man, just look at what he tries to scare you with.
Rod
lol...Have you ever thought how big outer space is? If it has limits, is it square, round, triangle, etc? If it was one of those shapes, then what is outer space in?
Think about it. LMAO
Posted by DIGDOUGH on :
Q- is imploding.
Posted by LEO on :
lol, it's been a black hole for quite some time now.
Posted by MikeC on :
quote:Originally posted by Penny-Trader: think about this one for a real far fetched idea.
there appears to be a lot of people selling their shares at .00001 and .00002.
Who is buying them?
someone is buying them. I cant buy them that low.
someone is buying up everything that is being sold at that price.
for 1 million dollars you can buy 50 billion shares. for 2 million you could buy 100 billion shares. for 3 million you could buy 150 billion.
now from what we know there is 140 billion shares out in the float.
now how do you get this number of shares to be dumped for that price?
maybe we could put out a botched up application for a 10000 to 1 reverse split. cause a massive scare and huge dumping of shares.
buy up say 135 billion shares really dirt cheap. dirt cheap being 2.7 million dollars
retire these shares, and lower the A/S to 10 billion shares and watch what happens.
they could sell 3 million shares in the $1 range and payback the loan if there was a loan needed, and cover the interest as well.
is it realistic? probably not. is it possible? sure it is, is it legal? I'm not sure, but i would not complain if this was the case.
anyone that holds long is still rewarded, anyone that was weak and dumped their shares would be kicking themselves for years to come.
As i said, this is all a fantasy in my mind, but ill be damned if i'm going to sell of my shares at this price to find out that my delusional mind is not so delusional.
remember this is a pink sheet and they are never as they appear to be. I still have not heard the fat lady sing, and until that time, I'm still clinging to the fact that i have not lost a penny until i decide to sell.
I don't want anyone to buy this stock based on my above fantasy. I have no expectations that this is what is going to happen in any way.
something is telling me that there is something fishy about a company that can not figure out how to do a r/s without screwing it up. Even the slimiest of CEOs never screw up a reverse split.
you want to figure out what scares a man, just look at what he tries to scare you with.
Rod
If only bro. If only.
Meanwhile, this 20M cert lies beneath the pile.
Posted by imakmony2005 on :
hey im watching Qtv and its the world news with steve k hes not gone?
Posted by imakmony2005 on :
gay games ad
Posted by imakmony2005 on :
some new guy with him, hes doing a movie report and was just on, on Q LIVE TO.
Posted by imakmony2005 on :
NOW ITS BROADWAY BEAT.
Posted by Rich735 on :
Thanks for the updates imak!
Posted by imakmony2005 on :
Who is this new guy steveo and another sidekick.there doing a hollywood report.
Posted by imakmony2005 on :
three new guys ive never seen?
Posted by imakmony2005 on :
well thats about all i can take, its still on, i see new shows and new people, dont know whats going on??????
Posted by Penny-Trader on :
lol guys jump on it all you want, have fun with it
i knew you would not like it when i posted it lol
it has as much fact behind it as any other theory. no one can prove it right or wrong any more then the next theory.
lol
it was only a thought but please give me a good answer as to who is buying up all the shares if there really is a split coming?
tell me who is buyung them at .00001? i know i can t buy them, and im sure that the MMS dont want them either.
who is going to benifit by buying up all these shares if there really is a r/s coming?
just answer that for me and i will be a happy man.
Posted by LEO on :
Is it possible that the mm's were caught a little off-guard by the 10,000/1 reverse split thing and are getting their books in order before it happens?
Posted by Penny-Trader on :
maybe
Posted by Dew-it on :
I am on the road again... and it is later than I normally post, but WTF - 2 many beers this evening…. Anyhow, ponder this: The average human heart beats between 2 to 2.5 billion times in person’s lifetime of about 75 years.
We currently have a 350B A/S and it may now be up to 570B. That means that based on an average lifetime and an average lifetime heart beat compared to the 1 worthless QBID share. It would take 14 life spans or 1050 years to equal 350B share. For 570B shares, comparatively speaking, it would be 22.8 life spans or 17,100 years.
Thank God Frankie/Lloyd is reducing A/S to a more reasonable number that I can finally comprehend within my average lifetime.
Posted by Dew-it on :
The problem with your theory is that the 10-day trading volume as of today is down to 255M down from 2-3 B several weeks ago, which means that the average tradeing dollars traded on average volume in ONLY 25K per day. MM's are not investing 25K per day. This, IMO is investors that do not know the history of QBID. If this were MM's buying based on your theory we be trading in the biilions still at this point. The billion volum trading days have halted because Frankie or Lloyd stopped - hence the decline in aveage volume trade, IMO.
quote:Originally posted by Penny-Trader: lol guys jump on it all you want, have fun with it
i knew you would not like it when i posted it lol
it has as much fact behind it as any other theory. no one can prove it right or wrong any more then the next theory.
lol
it was only a thought but please give me a good answer as to who is buying up all the shares if there really is a split coming?
tell me who is buyung them at .00001? i know i can t buy them, and im sure that the MMS dont want them either.
who is going to benifit by buying up all these shares if there really is a r/s coming?
just answer that for me and i will be a happy man.
Posted by U4TSAF2 on :
A REVERSE SPLIT; NO WAY!
HOW DID THIS HAPPEN? ESPECIALLY AFTER ALL THE BUYBACKS, 150,000 HOTLINE MESSAGES, CARRIAGE DEALS, UPGRADES, CERTIFIED ACCOUNTING FINANCIALS THEY POSTED, Q-MOBILES, CHOCOLATE PICKLES AND ALL THOSE OTHER WONDERFUL PROMISES WHICH ALL CAME TO BE.
SO THE ONLY REASONABLE CONCLUSION MUST BE THOSE NASTY MM (MARKET MANIPULATORS) OR THOSE EVIL NAKED SHORTS. THANK GOODNESS WE HAVE THAT BIG NAME ACCOUNTING FIRM LOOKING INTO THOSE EVIL SHORTS. SURELY ALL THOSE BIG NAME FIRMS (WHAT ARE THEIR NAMES AGAIN; I FORGOT) THAT HAVE "LOANED" US MONEY AND GUARANTEED 5-YEAR BROADCASTING AND JUST 2 WEEKS LATER SECURED A $2-MILLION DOLLAR LOAN TO SECURE 1ST YEAR BROADCASTING.
I THINK IT MIGHT BE THOSE BASHERS LIKE U4 THAT POST ALL THAT FALSE INFORMATION.
A STOCK WITH NO BIDS? HOW CAN THIS BE?
Posted by DIGDOUGH on :
I'm still stuck with 11mil shares in case anything happens. Back to making money, talk to you guys later.
Posted by HossTrader on :
Wow, we were almost on page three! Had to bump it up, if for no other reason than to annoy Posted by Repoman75 on :
And this thread is annoying.
Posted by Ligge on :
Well I finally caught up on all the news and rumors.
Cant say I am surprised and I cant say I would do any different if I was in Fans shoes. Just sucks to be in my shoes right now.
Oh well. Maybe in 5-10 years this may be worth something but other than PTs wishful imagination (hey anything is plausible at this point) I dont see anything good coming of this anytime soon. I am not even trying to sell at these levels, a loss of this size is better left as a reminder in my portfolios than as a tax write off in my eyes.
Hope everyone is doing well. I have been buried trying to get my own business off the ground and after the beating I took last year in stock I pretty much abandoned the hobby. I sold everything off but my QBID stocks 6 months ago and never looked back.
Posted by amswap on :
This is PAIM all over agian! No it's QBID, oh wait it's PAIM. How can anyone tell with all these worthless stocks. That's why you buy low, sell high FAST. Don't get stuck with the losers. They have no problem taking your money and laughing all the way to the bank. Just wish I could take my own advice sometimes.
Posted by Doctoall on :
Still no refile with WA State. Guess that they want to get it right this time.
Posted by MikeC on :
quote:Originally posted by Doctoall: Still no refile with WA State. Guess that they want to get it right this time.
Originally posted by Penny-Trader:
think about this one for a real far fetched idea.
there appears to be a lot of people selling their shares at .00001 and .00002.
Who is buying them?
someone is buying them. I cant buy them that low.
someone is buying up everything that is being sold at that price.
for 1 million dollars you can buy 50 billion shares. for 2 million you could buy 100 billion shares. for 3 million you could buy 150 billion.
now from what we know there is 140 billion shares out in the float.
now how do you get this number of shares to be dumped for that price?
maybe we could put out a botched up application for a 10000 to 1 reverse split. cause a massive scare and huge dumping of shares.
buy up say 135 billion shares really dirt cheap. dirt cheap being 2.7 million dollars
retire these shares, and lower the A/S to 10 billion shares and watch what happens.
they could sell 3 million shares in the $1 range and payback the loan if there was a loan needed, and cover the interest as well.
is it realistic? probably not. is it possible? sure it is, is it legal? I'm not sure, but i would not complain if this was the case.
anyone that holds long is still rewarded, anyone that was weak and dumped their shares would be kicking themselves for years to come.
As i said, this is all a fantasy in my mind, but ill be damned if i'm going to sell of my shares at this price to find out that my delusional mind is not so delusional.
remember this is a pink sheet and they are never as they appear to be. I still have not heard the fat lady sing, and until that time, I'm still clinging to the fact that i have not lost a penny until i decide to sell.
I don't want anyone to buy this stock based on my above fantasy. I have no expectations that this is what is going to happen in any way.
something is telling me that there is something fishy about a company that can not figure out how to do a r/s without screwing it up. Even the slimiest of CEOs never screw up a reverse split.
you want to figure out what scares a man, just look at what he tries to scare you with.
Rod
Posted by MikeC on :
Posted by Penny-Trader on :
wow its been quiet. someone forgot to turn out the lights when they left the other day.
lol
had a hard time finding the thread.
Rod
Posted by hagatha on :
It is rumored that Reichan is gone, all shows will cease. Network going dark. Skeleton crew not paid once again and told to leave.
Posted by milliam on :
If that's the case, then a R/S wouldn't do the company any good. If this thing is going to die, why worry about the stock. I guess they could come back in a century or two, or sell their dirty shell to somebody else.
Oh well! Milliam
Posted by Penny-Trader on :
where are you hearing these rumours from?
im not calling you on it, i would like to read about it.
thanks
rOd
quote:Originally posted by hagatha: It is rumored that Reichan is gone, all shows will cease. Network going dark. Skeleton crew not paid once again and told to leave.
Posted by hagatha on :
A poster on RB...hardluck1...he called the first shutdown of the network a couple of days ahead of time. He's been right on a few things.
quote:Originally posted by Penny-Trader: where are you hearing these rumours from?
im not calling you on it, i would like to read about it.
thanks
rOd
quote:Originally posted by hagatha: It is rumored that Reichan is gone, all shows will cease. Network going dark. Skeleton crew not paid once again and told to leave.
Posted by Penny-Trader on :
nothing surprises me anymore.
thanks for the heads up
Rod
Posted by hagatha on :
No prob. Don't know if it's true, but he has been right before. Anyone watching on the internet? See anything that looks like a live show?
From what I hear they are running nothing but reruns, cartoons, repeats of movies, etc.
quote:Originally posted by Penny-Trader: nothing surprises me anymore.
thanks for the heads up
Rod
Posted by Dew-it on :
Interesting, how all of a sudden reallity is finally setting in for many posters...
Where our all cheerleader pumpers when you really need them? Where are all the posters that were doing the happy dance earlier this year? Where are all the posters that stated "build it" and they will come? Where are all the cheescake clubers? Where are slect group of posters that were going to Vegas?
Everyone has left the building. Posted by hagatha on :
Yes, everyone has left the building....and are coming back with gasoline and matches
quote:Originally posted by Dew-it: Interesting, how all of a sudden reallity is finally setting in for many posters...
Where our all cheerleader pumpers when you really need them? Where are all the posters that were doing the happy dance earlier this year? Where are all the posters that stated "build it" and they will come? Where are all the cheescake clubers? Where are slect group of posters that were going to Vegas?
Everyone has left the building.
Posted by HossTrader on :
quote:Originally posted by Dew-it: Interesting, how all of a sudden reallity is finally setting in for many posters...
Where our all cheerleader pumpers when you really need them? Where are all the posters that were doing the happy dance earlier this year? Where are all the posters that stated "build it" and they will come? Where are all the cheescake clubers? Where are slect group of posters that were going to Vegas?
Everyone has left the building.
We're still here. Just sulking in the corner Posted by Doctoall on :
quote:Originally posted by Dew-it: Interesting, how all of a sudden reallity is finally setting in for many posters...
Where our all cheerleader pumpers when you really need them? Where are all the posters that were doing the happy dance earlier this year? Where are all the posters that stated "build it" and they will come? Where are all the cheescake clubers? Where are slect group of posters that were going to Vegas?
Everyone has left the building.
Have not gone anywhere, just waiting for anything final to come about Posted by hagatha on :
If you are joking, then LOL!
If you're not, then bite me.
If there is anyone who would like to partake in the lawsuit that is going to be handled by charlietuna * ihub, you can send him whatever contact info you feel comfortable with to charltuna*aol.com
quote:Originally posted by Repoman75: Please stop posting, you're clogging the main board. TIA>
Posted by Dew-it on :
KEWL! There are still some people here... Have a good week end all. Posted by Ad astra on :
quote:Originally posted by Dew-it: Interesting, how all of a sudden reallity is finally setting in for many posters...
Where our all cheerleader pumpers when you really need them? Where are all the posters that were doing the happy dance earlier this year? Where are all the posters that stated "build it" and they will come? Where are all the cheescake clubers? Where are slect group of posters that were going to Vegas?
Everyone has left the building.
Looking back from last year, I do believe there were some on the board that had particular interests and motivations in mind--more than just sharing banter back and forth. And as the stock has gone the way of the gooney bird, they have slipped into the shadows.
But I digress. I'm going to Vegas in a coupla weeks.
I BETTER see Elvis!
Posted by iamsparticus on :
Delete this board!
Posted by hagatha on :
Posted by: fatsquirrel In reply to: None Date:5/4/2006 3:54:00 PM Post #of 250658
Has this been posted here? : (posted by sgtspanky on CBSMW board)
Q Television Network Back To Its Old Tricks April 28, 2006 Hanover Township, PA
Benedictine Enterprises, LLC announced today that Q Television Network has violated the terms of the settlement agreement reached with Q on a lawsuit filed for breach of contract late last year.
I hope there's a massive lawsuit. I don't care if I see a penny, I just want to know that Frank and his fellow cons will get their just reward.
Posted by imakmony2005 on :
There still on the air but i cant tell if there live are not, i will try to watch long enough to hear a date.
Posted by MillerTIME on :
Good luck to all.
To all Employees of Q Television Networks, Inc.:
May 3, 2006
To all Employees of Q Television Networks, Inc.:
Andi Castro, Robert DeCrevel, Scott Dill, Chrisanne Eastwood, Egan Elledge, Anabelle Espe, Doug Fraser, Marty Giller, Frank Hagan, Gayle Hanrahan, Carrie Havel, Carol Hinnant, Alex Honda, Henry Hughes, Dave Kingsbury, Steve Kmetko, Honey Labrador, Reichen, Fernando Loera, Dan Matson, Dominic Ottersbach, Micheal Petrovich, Cory Sher, Mimi Snow, Greg Williams, Rocco Zappia
Marvin Bluth, Charles Bone, John Carrol, Elizabeth Chevrie, Lesley Debrier, Greg Goldman, Matthew Duncan, Chris Flynn, Robert Green, Rob Hall, Wayne Huffman, Jon Jackson, Scott Judy, Marilyn Loud, Stephen Oldfield, Glen Penland, James Rodriquez, Greg Stak
It is with deep regret, I must terminate your employment effective today due to the network¹s inability to pay salaries. As you know, since I have taken control of the company on March 7, 2006, I have worked tirelessly to secure funding for the company. All negotiations with potential sources have ended and there are no longer any options on the table.
QTN¹s failure is not a result of a lack of talent or commitment from each of you. I take comfort in the respect, support and loyalty you and shown to me and the executive management team. Please know that Carol Hinnant and I will gladly write recommendations for future employment for each of you. Your service to this company has been exemplary and you should be proud of your accomplishments.
Best of luck in your future endeavors.
Sincerely,
Lloyd Fan Chairman and CEO
Posted by MillerTIME on :
Effective today, Equity Relations, Inc. has resigned from the position of Investor Relations from Triangle Multi Media /QBID.
I have fostered many relationships with you, the QBID shareholder base, having spent countless hours communicating with you. As most of you know, I was compensated in common stock for my shareholder services, and holding much of my compensated stock position clearly creates a strong connection between myself and all of you. I will miss many of you.
I must stress my respect for much of the current staff that I worked with at QBID. Their persistence, dedication and loyalty to this organization has been amazing to witness as an outsourced investor relations company looking in. I hold many of the QBID employees in very high regard and wish them only the best.
If you require investor relations assistance for QBID, please call 818-848-5800.
I wish you much success.
Regards,
Posted by Upside on :
I guess the shareholders millionaires party in Vegas is cancelled, right?
Posted by Rich735 on :
From IHUB
Posted by: charltuna In reply to: None Date:5/4/2006 1:14:43 PM Post #of 250939
As most people who have followed QBID know, I contacted an attorney for the SEC and got my complaint in the front door. I have tried to do my part in bring Olsen, Schenk, Goldberg, Fan and the rest of this "den of thieves" to face the music but now WE need to move this to the next level.
What I am asking is that anyone who has anything to do with QBID should take the time to consider where you stand. I will put this in as clear of terms as I may...(And Richard Brown - if you are reading this, since I will send you this post, you are on the top of the list)
ARE YOU WITH ME OR AGAINST ME
There is no more time to HOPE that these *******s will do the right thing, so, do you want to see them hauled before a judge or not...
Take the weekend to think about it. I have removed everyone from my "ignore" list...so, on Monday, if you want to join this complaint, send me your name and some kind of contact information so that I can compile a list to send to the SEC. (I will send the list on Thursday, May 11th)
If you have some information you want to include in the complaint, DON'T send it to me, keep it ready so you can forwarded it to the SEC's attorney WHEN you are contacted by them.
Justice only comes to those who will fight for it As a retired NYC cop, I know this to be true Charlie T
Posted by hagatha on :
We're done folks. It's over. Sad but true.
Posted by Dustoff101 on :
quote:Originally posted by hagatha: We're done folks. It's over. Sad but true.
------------------------------------------------- The stock? cooked Goose... The thread? SEC,FBI,IRS labor divisions from various States...Discussion and Big time Banter on the way.
For many thousands of us, it's right where we always knew it would be..Now it's our turn to tear into this thing.
Good posts Miller Time.
Posted by Doctoall on :
Interesting that this announcenent comes as the chief planner/organizer for the Gay Games is fired today.
While my bank account will differ with me, I still believe that the concept of "Q" was great, however the management was not.
As my friend Clayton posted on Ihub, I to will have family and friends that I will have to break the news to tomorrow. I do not regret investing in a concept that I believed in, just sad that I had so much faith in the lot that ran this into the ground.
I have met many friends on this board and at the open house in Burbank, I will value those friendships for years to come. I just feel ashamed that I allowed myself to be taken by a bunch of con artist. I still maintain that those who worked at "Q", excluding the management were dedicated to what they believed was a great concept, they worked hard to realize a dream even though those who were in control were out to only steal the investors blind.
I do not blame those pumpers (you know who you are) who promoted this stock and lured me into investing the large sum of money that I have invested in "Q". It was my own finger that pushed the execute buttom for each and every trade. No one forced me to buy as I did and no one forced me to believe the deception that was weaved by those who pumped or were in control of the daily operations at "Q".
Yes Frank, even old men go to jail.
Posted by Dustoff101 on :
Doc, this may bring some of the Heavy weights back as the indictments begin to fly..
You get a second education..CMKX being the first.
I can think of several old well placed Wall Street insiders who will have a blast with this thing.
Maybe this time, people will learn something.
Posted by Doctoall on :
quote:Originally posted by Dustoff101: Doc, this may bring some of the Heavy weights back as the indictments begin to fly..
You get a second education..CMKX being the first.
I can think of several old well placed Wall Street insiders who will have a blast with this thing.
Maybe this time, people will learn something.
I truly hope so. One thing has been finally learned by this old timer: "Love many, trust few, but always paddle your own canoe"
Posted by LEO on :
Welp everybody, I sure have met some nice people on this board. I wish I could say it's been fun losing money with you all, but it has been fun hanging out on here with everybody. If this thread drags out like cmkx did I'm sure we'll still see each other from time to time. Anyway, it sure has been entertaining, Good Luck to everyone in their future
LEO
Posted by Gordon Bennett on :
Richard got tired of being a low-rent whore, I guess.
quote:Originally posted by MillerTIME: Effective today, Equity Relations, Inc. has resigned from the position of Investor Relations from Triangle Multi Media /QBID.
I have fostered many relationships with you, the QBID shareholder base, having spent countless hours communicating with you. As most of you know, I was compensated in common stock for my shareholder services, and holding much of my compensated stock position clearly creates a strong connection between myself and all of you. I will miss many of you.
I must stress my respect for much of the current staff that I worked with at QBID. Their persistence, dedication and loyalty to this organization has been amazing to witness as an outsourced investor relations company looking in. I hold many of the QBID employees in very high regard and wish them only the best.
If you require investor relations assistance for QBID, please call 818-848-5800.
I wish you much success.
Regards,
Posted by mjm2005 on :
damn it.
Posted by DIGDOUGH on :
We're finally reaching a climax to this education in being bullsh!tted. I'm in when its time to indict Frank. I'm sorry all you guys got burned on this. Maybe God is trying to tell us something. Well, back to the 6 digit ndol profits.
Posted by milliam on :
So the dream is dead...its been dead for awhile, but it looks like the life support has been un-plugged. Now what???
What about the other companies that TMM owns? There still has to be something to TMM, according to all of the old PR's. I'm definitely not trying to spin this into anything close to positive. I just wonder what will happen to our shares. I'm assuming that they just won't go away, but will probably sit around forever.
Oh well, the lottery ticket finally expired. Milliam
Posted by hagatha on :
Happy trails to you Until we meet again.
Happy trails to you lalalalaicantrememberthefreakinwords....
Posted by 4Tune4Me on :
I always thought theft by deception was illegal. Funny, if I said that a few months ago, I would have been verbally attacked on this thread. My sympathies to all who heavily invested, self included. Here's to hoping that those who participated in the deception get a visit from the SEC.
Posted by casviper on :
Boy did we get f**k'd with this one. I lost here too. Frankie go to prison. Maybe he can put his butt to good use since he has been talking sh*t out of his mouth for years.
Posted by Farley on :
Q Television on the critical list
Whether it's death or just a near-death experience for the Q Television Network was unclear Wednesday. QTN chairman Lloyd Fan sent an e-mail to all the gay channel's employees announcing that network operations were being shut down and that employees were being laid off because the company was unable to meet its payroll. East Asian entrepreneur Fan took over the company two months ago, after founder Frank Olsen was pushed out in a management shakeup. In April, Fan ominously announced that QTN would be unable to deliver audited financial statements for its investors because Olsen and his team had failed to keep complete records. The announcement also revealed that one cable system, in Houston, had dropped the network.
But all may not be lost. Late Thursday afternoon, QTN executive vice president Carol Hinnant sent an eleventh-hour e-mail to those same employees announcing that "last-minute negotiations" were under way with potential investors and urging them to stay tuned for further developments. Hinnant did not return calls seeking comment. (Sirius OutQ News)
how many years can I spread out my losses on taxes
Posted by milliam on :
Uh-oh...sounds like there's still the battery backup keeping the life support running.
Posted by Farley on :
Singledad703 HAHA I was just thinking the same thing.
How many years can I spread this huge F*CKING loss.
But apparently they are still trying to get money according to the advocate.
Posted by bottomfishing on :
i believe you can carry back losses for 5 years. the problem is that you have to sell the stock or the stock has to cease trading in any market. qbid could potentially stay trading like this for years.
Posted by HossTrader on :
Bummer, does being ****ed by a fat gay man mean I am gay now? LOL
Posted by Penny-Trader on :
Imak and Sam both have the programming, maybe they can verify this for us about the reruns.
Rod
quote:Originally posted by hagatha: No prob. Don't know if it's true, but he has been right before. Anyone watching on the internet? See anything that looks like a live show?
From what I hear they are running nothing but reruns, cartoons, repeats of movies, etc.
quote:Originally posted by Penny-Trader: nothing surprises me anymore.
thanks for the heads up
Rod
Posted by Gordon Bennett on :
That depends on how much you enjoyed the experience.
quote:Originally posted by HossTrader: Bummer, does being ****ed by a fat gay man mean I am gay now? LOL
Posted by imakmony2005 on :
well just checked its on 9am- on Q live, 10 am brunch. cant tell if its live they sure act like it is???
Posted by imakmony2005 on :
They just said its tuesday may 2 2006, THIS IS WHAT I SAW LAST TIME I LOOKED RERUN!
Posted by Gordon Bennett on :
I wonder when they will go off the air?
Posted by Penny-Trader on :
there isn't a person on this thread that didn't have a motive for being here.
everyone invested with the idea of making money on the stock.
That plan did not work out like we all hoped for.
Some people here make out like it is a crime to be optimistic and want to believe a CEO of a company when they tell you they are going to do certain things. Or to believe that there is a possibility that a company had the potential to do certain things.
as negative as many have been over the course of the last year, not one of you knew for certain that this is where we would be right now, or you would not have rode your shares down to this lever. Anyone that posts here does so because they have shares and an interest in the stock.
I'm talking about all the ones that a gloating about i told you so, especially U4. He was one of the biggest losers in this stock. His words to me were that he bought 40 grand worth at .029. So yes he has plenty of reason to be ugly with this stock, but more with himself for investing in this stock.
every last one of you have had shares right down to where we sit right now or you would not be posting here.
the game is not over yet. There is still a possibility, however remote it may be, that this company can make something of itself. The best we can hope for at this point is to break even. I'm willing to wait for them to accomplish this, if it is possible. If not oh well. I can not say i never had the chance. The only person that never gets a chance is the guy that never takes a chance.
I will tell you right now that the ones that are the most vocal about this are the ones that are the maddest that they did not get stinking filthy rich off of their investment like they originally expected in this investment.
I'm not happy where we are right now, but I refuse to get ugly about it. I made the choice to invest in this company, and if it goes under then so be it. I have no one to be ugly at. It was my money to invest in whatever manner i so choose to invest in. No one conned me into this investment, and i believe that no one else was conned into this investment. If you where, then you still have no one to be ugly at but yourself. Ultimately it should be your choice what you do with the money, and you should be fiscally responsible for your own money. If you put yourself into financial hardship to invest into this company, or any other company, then maybe money counseling should be considered, as this is a form of a gambling addiction.
I'm not going to trash people for doing exactly what i have done.
It appears to me that the calmer the people like Doc, and Imak and Noah and so many others that have been here for ever with big dollars tied up in it, the more it enrages the guys that lost smaller amounts of money that really could not afford to loose the money.
The difference between people like Doc and Sam and so on and the ones lashing out and complaining, is a major maturity factor.
so in conclusion, lash out all you want, if it makes you feel better about your problems. As much as i don't like reading it, it is your right to complain and be negative and wallow in self pity. There is help out there for people that can not control their urges to gamble. if you are one of these people, please consider looking into this type of counseling. I watched a guy loose his job this month, that had a gambling problem. He started stealing from the company to support his habit, and essentially was gambling with his job. He pulled the bluff at a disciplinary hearing thinking he would get away with it, and lost his high paying career. The problem with this is that it is his wife and children that are the real big losers in this case. They are the ones that feel the consequences the most.
Have a great weekend guys and gals.
Rod
quote:Originally posted by Ad astra:
quote:Originally posted by Dew-it: Interesting, how all of a sudden reallity is finally setting in for many posters...
Where our all cheerleader pumpers when you really need them? Where are all the posters that were doing the happy dance earlier this year? Where are all the posters that stated "build it" and they will come? Where are all the cheescake clubers? Where are slect group of posters that were going to Vegas?
Everyone has left the building.
Looking back from last year, I do believe there were some on the board that had particular interests and motivations in mind--more than just sharing banter back and forth. And as the stock has gone the way of the gooney bird, they have slipped into the shadows.
But I digress. I'm going to Vegas in a coupla weeks.
I BETTER see Elvis!
Posted by imakmony2005 on :
Hey PT, you left me out of the maturity factor line. LOL
Posted by Penny-Trader on :
your a so on lol
dam i didnt read all the latest news before typing that out.
but the context would still stay the same.
things dont look good, but as i stated before, im not about to get ugly about it.
things happen for a reason, and this is going to be a big learning experience for many.
My other stocks are doing just fine, this is the only one that isnt, and ironically it is the only pinky that i own as well.
no more pinks for me. the blue chip and forture 500 companies is it for me.
again though this is not over yet, they are still on the air, and there is always that last chance that Carol may get the funding they need.
we shall see.
Rod
Posted by Ad astra on :
Penny- I think most of us here understand the risk-reward of these things.
I was simply responding to an earlier post. I am not whining or wallowing in self-pity. Simply put, I invest only what I can afford to lose.
That said, something doesnt smell right about how this went down. If long cold nights are ahead for this stock, I dont think a veil will keep some people warm enough.
I'm done posting on this message board. It was a pleasure interacting with most of you. Going forward, I wish all of you the best.
Posted by imakmony2005 on :
Thanks i feel better with a title.lol
Posted by Dew-it on :
Aaahh,
Now we shift to the blame game, self-pitty and finger pointing... too funny. Their is nothing wrong with being optimistic - however, IMO many here were blindly optimistic and refused to hear anything negative about QBID, Frankie and even Lloyd. That is "your" choice..
I have owned this turd since the first run, sold and bought again - and took a bath this time around and still own the turd- BUT I refuse to blame anyone. No one is to blame for my poor choice in pink stock investment.
IMO, ef it! suck it up and drive on. On that note I am going fishing!
Posted by Numa on :
I'm just waiting for someone to come out and say "This is good news!" and enticing newbies to buy.
Thus the saga can continue another year or 2 with spinoffs, dividends to other companies, etc.
Posted by GatorMan on :
Well, it's taken a number of failures but I've finally learned my lesson. No more shaky pink sheet stocks for me. I've sat back and watched thousands of dollars disappear (although I will admit at one time I could have made over $150k if I'd been smart enough to sell). Good luck to those who continue to trade in these.
For those looking for more stable investments you might look into water utilities. I bought a selection of them last July and am up 12%. Not the potential of the pinks, but a lot safer and seem to be steady earners. Here's my list:
ARTNA AWR BIW CTWS CWCO CWT MSEX PNNW SJW SWWC SZE VE WTR YORW
Posted by Gordon Bennett on :
No one is to blame? You were blatently and repeatedly lied to.
quote:Originally posted by Dew-it: Aaahh,
Now we shift to the blame game, self-pitty and finger pointing... too funny. Their is nothing wrong with being optimistic - however, IMO many here were blindly optimistic and refused to hear anything negative about QBID, Frankie and even Lloyd. That is "your" choice..
I have owned this turd since the first run, sold and bought again - and took a bath this time around and still own the turd- BUT I refuse to blame anyone. No one is to blame for my poor choice in pink stock investment.
IMO, ef it! suck it up and drive on. On that note I am going fishing!
Posted by pennnies on :
I am gone six months and u guys are still trading this?????????????
I feel for the ones that lost...... Posted by BuyTex on :
OT:
where'd you go?
Posted by kbcorp on :
PT, you definetely spend way too much time on this thread, your like a woman that talks just to hear herself talk. Get a life.
Posted by imakmony2005 on :
yep richard is gone, he is just a bag-holder i mean share-holder just like us now, what will be next frank i mean fan?
Posted by Doctoall on :
quote:Originally posted by imakmony2005: yep richard is gone, he is just a bag-holder i mean share-holder just like us now, what will be next frank i mean fan?
Yep, he called me today and he is in the same boat as the rest of us. Guess he will keep in touch as a shareholder.
Posted by Dustoff101 on :
OK Folks.....Today I finaly blew my stack..
Regarding NITE trading, [on another stock.] I have begun a thread, on "off topics",,,, " Wall Street Fraud " that hopefuly will bring in someone with a legal background to answer questions about the the many Topics that are listed on the thread..
Posted by King Crimson on :
y'know what would be interesting (maybe to the sec also) to find out?
...all those shares that were 'distributed' to different folks, at different times, in differing increments....the transaction itself.
did frank just peel them off some certs from his 'cert-pad'?
there are licenses required for that kind of stuff. there are laws concerning these transactions.
fwiw...last 2 dismal weeks. $7,000 for total trades thursday, $4,000 today. ....notice the average price the last 3 days. pathetic and pitiful.
quote:Originally posted by kbcorp: PT, you definetely spend way too much time on this thread, your like a woman that talks just to hear herself talk. Get a life.
Posted by firefly on :
Done. Only pink except for pbls (not much money sunk in that either) Pinky Land. Have fun guys and girls. Fly
Posted by noah129 on :
hey ya'll hows we be doing down here? hehe. good to see many of you are still around and good to see many are moving on. i have said before and ill say again this was a great experience and a fairly pricey intro to micro pennies for me. i will not give up on pennies(micro's) but i have become much much much much more cuatious about beleiving everything that is pr'd or (pumped). i still think the best way to play these is get in get out and if you want to let some ride let a few shares ride but take your capital off when you get up on a stock. good luck to you all.
this qbidiot aint given up my shares until they steal them back from me.
40 million long and strong.
any qbidders jumping on the bkmp boat seems kinda dead right now but im not watching too closely .
Posted by hagatha on :
Right on, Gordo, right on. It's one thing to lose money on a stock that just went bad, it's another entirely to lose money on a stock when you have been blatantly lied to. Come on. How many people here, including doc and imak, have talked to the CEO DIRECTLY and been fed full of it? It's one thing to believe bogus pr's but to HERE IT FROM THE HORSE'SASS MOUTH is another thing. THAT IS CRIMINAL.
quote:Originally posted by Gordon Bennett: No one is to blame? You were blatently and repeatedly lied to.
quote:Originally posted by Dew-it: Aaahh,
Now we shift to the blame game, self-pitty and finger pointing... too funny. Their is nothing wrong with being optimistic - however, IMO many here were blindly optimistic and refused to hear anything negative about QBID, Frankie and even Lloyd. That is "your" choice..
I have owned this turd since the first run, sold and bought again - and took a bath this time around and still own the turd- BUT I refuse to blame anyone. No one is to blame for my poor choice in pink stock investment.
IMO, ef it! suck it up and drive on. On that note I am going fishing!
Posted by ricecakes on :
quote:Originally posted by Penny-Trader: your a so on lol
dam i didnt read all the latest news before typing that out.
but the context would still stay the same.
things dont look good, but as i stated before, im not about to get ugly about it.
things happen for a reason, and this is going to be a big learning experience for many.
My other stocks are doing just fine, this is the only one that isnt, and ironically it is the only pinky that i own as well.
no more pinks for me. the blue chip and forture 500 companies is it for me.
again though this is not over yet, they are still on the air, and there is always that last chance that Carol may get the funding they need.
we shall see.
Rod
last i heard she was standing on a street corner in burbank trying to make a few bucks for the cause,,, come on carol turn this thing around
Posted by Nicholas on :
This is the part where I tell everyone I told you so. Too many people trying to show their gay support/coming out of the closet by buying up a useless pink sheet stock. Another stock I was 100% correct with. People thought with their heart instead of their head and lost again bigtime.
Posted by tomr929 on :
Well are you not wonderful "WOW" Hey, everybody """"NICK""" was right. We are so proud of you and thanks for telling us you were right. I don't know what we would do with out good ole nick.
Posted by Wangdo on :
Q Television chairman Lloyd Fan says the gay cable channel is in the middle of restructuring and expects to resume production soon. On Wednesday, QTN shut down its Burbank, Calif., studios and sent out an e-mail terminating all its employees after it was unable to meet its payroll. But Friday afternoon, Fan told Sirius OutQ Radio that the termination message was just a "standard type of form" that gets sent out in such situations. Fan said he couldn't comment in detail because of "delicate" negotiations that are under way but that the company is "still moving forward with a restructuring" and that he expects the network to resume operations. QTN is still continuing to transmit prerecorded programming to cable systems around the country through hired master control facilities in Texas. Fan took over the company two months ago after QTN founder Frank Olsen departed in a management shakeup. (Sirius OutQ Radio)
Posted by Gordon Bennett on :
They'll keep issuing PRs until all the suckers have been taken for a ride. (And I was one, so I have a right to bash, LOL.)
Posted by LEO on :
Get ready for a new shopping network, lol.
Posted by kaos on :
just curious....has anyone seen jennifercd???? can't wait to hear her spin on this,,,
Posted by JimS on :
quote:Originally posted by kaos: just curious....has anyone seen jennifercd???? can't wait to hear her spin on this,,,
I was with Jen last night and today and we are attempting to figure out what to make of the latest events. We have discussed this at length and are waiting and watching like most others. We believe that this comment from Mr. Fan shows that he is concerned. Remember that Mr. Fan's investment is in the form of shares and if our shares tank so do his. Therein lies our hope - backing him. It is in our own best interest to support him.
Posted by Penny-Trader on :
I will support him but i will not give him another penny.
i dont need a thousand new shares.
and that is my 2000 shares worth Posted by Penny-Trader on :
and this it the part where i ask just what is is that you told us?
you where so wise!!!!
can you pick another looser?
im sure you must own several.
the question is can you pick a winner?
maybe not, seeing that your biggest accievement was telling us that you told us so.
lol
your the greatest. thanks for you support and sympathy.
this is not over yet.
i dont expect to make a pile of money off of it anymore, but i do expect a posibility of breaking even.
Rod
quote:Originally posted by Nicholas: This is the part where I tell everyone I told you so. Too many people trying to show their gay support/coming out of the closet by buying up a useless pink sheet stock. Another stock I was 100% correct with. People thought with their heart instead of their head and lost again bigtime.
Posted by MikeC on :
quote:Originally posted by JimS:
quote:Originally posted by kaos: just curious....has anyone seen jennifercd???? can't wait to hear her spin on this,,,
I was with Jen last night and today and we are attempting to figure out what to make of the latest events. We have discussed this at length and are waiting and watching like most others. We believe that this comment from Mr. Fan shows that he is concerned. Remember that Mr. Fan's investment is in the form of shares and if our shares tank so do his. Therein lies our hope - backing him. It is in our own best interest to support him.
Now that statement is misleading JimS. Sorry, but with no harm intended and with all due respect, you should reword what you wrote. Because without any official documentation, there is nothing to prove that Fan's investment is in the form of shares, much less he’s who and what he says he is.
Support Fan!? Again I’m sorry, but what’s he done to date to bring the company forward? Every since TMM/Frank made the new CEO announcement, Fan has done absolutely nothing positive for investors. As always, the leadership of this company continues to fail miserably with its executive missions.
If there was one thing true about this company, it was their deliberate failure to file corporate and share structure information with the WA SOS and SEC.
In the beginning “Fan” was announced to have been well respected and well known throughout the Chinese business community. Well, upon a thorough search of my own, I failed to find a shred of press evidence PR’d by any Chinese company/individual confirming or recognizing his successes and/or achievements.
My conclusion? TMM’s PR claim of his popularity and success was nothing but more bullshiit!
Now, a come back of sort after another restructuring? Shiit it's only been about a month since the first one! Whatever. If anyone wants certainty, I’ll give them certainty…that rat fink fuk Frank is close by. I smell him. We’re all fukt. Their going to wipe their ass clean with our hands and start all over leaving us holding shiit!
Posted by Penny-Trader on :
dont hold back mike tell us how you really feel.
lol
Rod
Posted by Dustoff101 on :
MikeC, gotta be your best post..LMAO!
Posted by LEO on :
lol, Yeah, what a switcheroo, huh?!!
Posted by JimS on :
Mike C . Kind of puts a damper on optimism. LOL. Certainly am not into misleading anyone. And you are absolutely right. I don't have documentation of Mr. Fan being invested in Q. I believe that he has been honest with his attempts to bring the company forward. But, who is to know. We have been lied to and there is no real reason to trust that anything is different except hope. I continue to sit back and watch how this unfolds.
Posted by Bottomliner on :
JimS ... PM. Posted by Stock Jockey on :
I've been watching this story unfold for months. IMO Fan is doing what he has to do to get this company raised from the dead. It is unfortunate that a lot of stock holders will suffer due to the poor decisions and management of the prior management or lack there of. IMO this has been coming for a long time. I'm still waiting to send the flowers for the funeral though. GL everyone.
Posted by noah129 on :
hi qbidders hey jencd hey bottomliner and all the oother qbidders still holding this. i guess ultimately we all know what to do hold and wait. watch this drama unfold see if it really all was a giant scam wether intentional or not. i know there is no reason for me to sell out and take a gigantic loss.
if we do reverse split and go back to these levels all our cash will basically evaporate and we shall realize that the loss is real. but until that day i refuse to give up until it is over. long live qibdians long live mr . fan and yes long live that whacko franko for making this dream still possibly come true. i dont care if people call me an idiot or a qbidiot hehe i do care about remaining positive as there is nothing else that we can do.
what good does it do to be negative about being scammed out of your money you only simply feel worse by engaging in those feelings. ok sorry if i over stepped my internet boundaries i dont mean to offend i simply wanted to share a few thoughts.
good health to you all and may wealth come when you are ready.
Posted by Pennies to Dollars on :
Q Television chairman Lloyd Fan says the gay cable channel is in the middle of restructuring and expects to resume production soon. On Wednesday, QTN shut down its Burbank, Calif., studios and sent out an e-mail terminating all its employees after it was unable to meet its payroll. But Friday afternoon, Fan told Sirius OutQ Radio that the termination message was just a "standard type of form" that gets sent out in such situations. Fan said he couldn't comment in detail because of "delicate" negotiations that are under way but that the company is "still moving forward with a restructuring" and that he expects the network to resume operations. QTN is still continuing to transmit prerecorded programming to cable systems around the country through hired master control facilities in Texas. Fan took over the company two months ago after QTN founder Frank Olsen departed in a management shakeup. (Sirius OutQ Radio)
Posted by Rich735 on :
I just emailed the advocate. If they can do a story on Fan maybe they can question him on leaving share holders in the dark. It is worth a try. Let's see if they contact him for us. I know I have called Fan several times and left messages with no response.
Posted by Gordon Bennett on :
I've never seen this thread so buried. It was on page 3!!
Ah well, sink away.
Posted by imakmony2005 on :
Is this a buying op,LMAO
Posted by Deg's wife on :
BUMP!! Never, in the last 2 and a half years has this been moved back so far. Don't bash me; it just didn't seem right! When and if this stock belly's up, then I don't care what page it's on Posted by Penny-Trader on :
The remaining staffers at Q Television's scaled-back production facility in Burbank, Calif., were laid off last week, the latest move for the gay cable channel that had been on life support for months.
QTV, which caters to LGBT audiences and is available in a limited number of markets nationwide, will file for bankruptcy soon, according to two former employees, one of whom, Vanessa Mayer, is serving as an intermediary to California's labor board.
Although the latest moves suggest an imminent demise for the network, QTV Chairman and CEO Lloyd Fan still held out hope as of Friday of restructuring the network.
QTV which had been searching for investors for months, laid off most of its staff Feb. 1, with the promise of rehiring them should new funding come through. In March, Fan replaced Frank Olsen as chairman and CEO, but the management shakeup did nothing to stop the network's slide toward insolvency.
On April 28, Fan called together the network's skeletal production staff of 20 to tell them that the company could not meet payroll for the month. In a follow-up e-mail that afternoon, Fan said:
"It is with deep regret, I must terminate your employment effective today due to the network's inability to pay salaries. As you know, since I have taken control of the company on March 7, 2006, I have worked tirelessly to secure funding for the company. All negotiations with potential sources have ended and there are no longer any options on the table."
On Friday, however, Fan recanted, telling Sirius OutQ radio that the termination e-mail was a "standard type of form" and that the network would resume operations soon. He said he couldn't comment in detail because of the "delicate" negotiations under way, but that the company was "still moving forward with a restructuring."
Neither Fan nor anyone in QTV management could be reached for comment Monday.
The network is broadcasting tapes of old shows for its 3 million subscribers, though it's not clear how long the reruns will be available or how long local cable providers will continue to carry the network. QTV is contractually obligated to provide its carriers with five hours of live programming daily, a number it has rarely hit since January. In April, a Houston cable provider dropped QTV, claiming breach of contract.
For former employees still waiting to be paid, new promises of a restructuring were less than reassuring.
"There is an entire line of broken promises and lies," Chris Flynn, a former QTV technical director and backup director, told the PlanetOut Network. "I don't trust Q when they say there is a possible 11th-hour investor. For me, it's over."
Mayer, a former graphics generator at QTV and current liaison between employees and state labor officials, said that under any bankruptcy filing, QTV's assets would be used first to pay any companies it owes. "The employees, who have been waiting since February to be paid for our work, get paid last. Which means we probably won't be paid at all."
Flynn said a QTV executive told him that most of the company's assets have already been sold.
Mayer, one of the 100 employees laid off Feb. 1 without pay for January's services, claimed that until Friday QTV had planned to retain its small staff without paying them.
"Q management had been telling the labor board for months that they were waiting for their 'mystery investor' to arrive, but finally the board got wind that there was no investor and they were about to retain employees without paying them for their work -- again. The labor board told them they couldn't do that to employees twice, and that's when Q had no choice but to shut down."
Flynn said staffers "were really trying to make it work at least long enough for the company to make payroll," but added that he hopes no employees will be seduced to go back again. "Q will promise the moon, but in the end they will stiff you."
Posted by mjm2005 on :
3 million subscribers????
Posted by manfromjax on :
quote:QTV, which caters to LGBT audiences and is available in a limited number of markets nationwide, will file for bankruptcy soon, according to two former employees, one of whom, Vanessa Mayer, is serving as an intermediary to California's labor board.
Filing for bankruptcy... there goes our shares...!! It was a good dream while it lasted.
Happy Trails to all, and to all a good night. Time to shut off the lights.
Posted by Rich735 on :
It's over!!!!!
Posted by LEO on :
C'est La Vie, Pepe Le Pew.
Posted by LEO on :
Posted by BlindMellonChitlin on :
Greetings from QBID shareholders to QBID management.....
Posted by hagatha on :
Now THAT is funny!
quote:Originally posted by BlindMellonChitlin: Greetings from QBID shareholders to QBID management.....
Posted by hagatha on :
Pepe is now roadkill.
quote:Originally posted by LEO:
Posted by WinsumLosesum on :
Posted by letitrideboy on :
we're fooooked!!! Man I had a sell order in for a friggen month!!! (good thing it was only one million shares lol)
Posted by HossTrader on :
LOL I never thought that a r/s could look like a good option.
Posted by Dew-it on :
Winsum,
That is TOO funny! LOL!
Posted by imakmony2005 on :
LOL I never thought that a r/s could look like a good option. LOL got that right Hoss, tax loss!
Posted by Ad astra on :
quote:Originally posted by manfromjax: [QB] [QUOTE]QTV, which caters to LGBT audiences and is available in a limited number of markets nationwide, will file for bankruptcy soon, according to two former employees, one of whom, Vanessa Mayer, is serving as an intermediary to California's labor board.
Filing for bankruptcy... there goes our shares...!! It was a good dream while it lasted.
---- So a former employee declares the Q is heading to bankruptcy so it must be true? um, okay.
And yes, I wasnt go to post anymore, but i still havent heard the fat lady sing. File the papers and you have a believer. In the meantime...
Posted by King Crimson on :
yeah win, Q is (and has been) "on the Move"...
this does not pertain to the pps (don't want to add insult to injury)...
the de-valuation of your shares...ONLY going back to 08/24/04.
the dilution trail.......
08/24/04 from 25b to 50b == 100% dilution
11/07/05 from 50b to 60b == 20% 12/19/05 from 60b to 100b == 67%
...from 25b to 100b == 300% dilution
02/07/06 from 100b to 350b == 250%
...from 25b to 350b == 1,300% dilution
original company Puget Sound Development Co, Inc (wa UBI # 601-047-757)
09/13/96...changed name to Integrated HealthCare, Inc
08/25/97...disolved
10/07/97...reinstated
08/03/99...Joseph Pittera registered the corporation name as Triangle Multimedia Limited...effective 8/20/99
08/18/99...the articles were amended: 300,000,000 shares of no par value. A class of 20,000,000 Supervoting Preferred Stock at a par value of .001 per share and convertible at the option of the holder on a 10 for 1 basis with preferential treatment in liquidation shall also be authorized. Mr. Pittera sill listed as point of contact.
09/28/99 Amendment to Article V: A Class B non-voting, non-convertible Preferred Stock that the Corporation has authority to issue and which constitutes a seperate and single class of shares with a FIVE year callable 8.25% cumulative interest rate at no par value.
12/03/01 Amendment to Article V: The capital stock of this coporation shall consist of 600,000,000 shares at no par value [FIRST paperwork with Franks name on it]
01/05/02 Amendment to Article V: The capital stock of this corporation shall consist of 900,000,000 shares at no par value
03/25/02 Amendment to Article V: The capital stock of this corporation shall consist of 1,500,000,000 shares at no par value
04/19/02 Amendment to Article V: The capital stock of this corporation shall consist of 2,500,000,000 shares at no par value
10/01/02 Amendment to Article V: The capital stock of this corporation shall consist of 3,500,000,000 shares at no par value
03/03/03 Amendment to Article V: The capital stock of this corporation shall consist of 7,500,000,000 shares at no par value
04/04/03 Amendment to Article V: The capital stock of this corporation shall consist of 10,000,000,000 shares at no par value
07/16/03 Amendment to Article V: The capital stock of this corporation shall consist of 15,000,000,000 shares at no par value
11/03/03 Amendment to Article V: The capital stock of this corporation shall consist of 25,000,000,000 shares at no par value
08/24/04 amendment a/s + to 50b
11/07/05 amendment a/s + to 60b
12/19/05 amendment a/s + to 100b
02/07/06 amendment a/s + to 350b
Posted by Ad astra on :
Will Post Later.
Posted by aj4400 on :
Interesting post from IHUB!
Posted by: The OTHER Frank In reply to: None Date:5/9/2006 12:32:03 PM Post #of 252095
Now that I no longer work for Q I can finally post my thoughts. The OTHER Frank reference with my screen name is that I am Frank Hagan. That's HAGAN - not HAGEN). As I did on my first day on Chrisanne's show, I again want thank our viewers and investors for having faith in Q. I am not in the position (or have direct knowledge of) anything about the current stock situation. What I can dispell a few popular IHub myths. Lloyd Fan is NOT Frank Olsen -- not even close. Lloyd is a man with a huge heart that tried to do all he could to keep Q alive - and you need to know that. Frank Owe and his cronies deserve everything bad, foul, legal (add the adjective or noun of your preference) that you can say about him. If you want to know where the money is, someone said it in here long ago -- "follow the fat man..."
I tried to put a new schedule together (without the cash to buy new shows) but faced existing expiring program licenses and other problems with poorly contracted deals. I looked at what was available and wondered "who the hell was in charge of buying stuff here?" I was amazed at how little there was in "the vault" to work with. To keep costs down -- till we had money to play with -- I ran public domain stuff to fill in the ever expiring blank holes of programming. BUT -- for the first time since they were on the air -- the Q schedule was finally put in "near to" or totally in compliance. Why run all the PSA's? Every station promo in the vault had Scott Withers in it. I swear there was more tape on him than Clinton, Bush and the Pope combined. He must have inserted himself in every imaginable piece of footage. With him gone from Q -- we removed him from 90% of the schedule. Q's Live talk existed on a string budget (again, thanks to Frank Owe) and those who were working there were as creative as they could be and let me tell you -- THEY WORKED THEIR ASSES OFF to keep Q going. Reichen was becoming more of an issue show and he was great at it! No more faked E MAILS or employee calls painted to be real. PS: he wasn't "cancelled" - he, like all the others there, was "let go." Robbie Laughlin is one of the funniest people I have ever worked with and Chrisanne? LOOK OUT COMEDY CENTRAL - she could give John Stewart a run for his money. Scott and the NEWS TEAM were the most professional I've ever seen -- and Steve Kmetco? If the rest of broadcasting was as professional as he was -- TV would be an easier world to work in. To see them and their producers, cameramen, directors and tech staff cut afer working so hard was a painful moment for me - BUT (unlike Frank Owe) NO ONE LIED TO THEM WHEN IT HAPPENED. They were kept fully informed.
Lloyd and Carol were doing everything possible to keep Q alive, (and still are) but thanks to previous management NOT KEEPING RECORDS or conviently "losing" them, it was impossible to bring in ANY investors. Carol Hinnent is one of the best people in Cable TV I've ever met and she also had her heart and soul in the right place. SHE CARED! I see bashers in here going after them (shame on you). You're going afther the wrong Q Management. I also see HansenC posting internal documents to feel self important. Screw you dude - you said you worked with all these people -- so you could have removed their names before you posted that information -- if not out of respect -- at least out of your so called "friendship...") I am amazed at your heartlessness towards them. I have no idea who you are BUT I KNOW YOU ARE AN *******. To the supporters we still have in here -- I thank you! To those who bash? It's your right to do so -- but you need to be fully informed - not supposition disguised as information.
For the Q programming record? Jack E Jett was offered a Sat night 90 minute show, but we all couldn't come to terms (and, at this point, it's just as well and I wish him well.) Nick Oram's show was hugely over budget and out of control (but slickly cut) and Honey (we love Honey) was coming back with a new talk show before the second bottom started falling out.
Q may have a breath or two left in it -- and if it does come back - I would go back to work there in a heartbeat. I also don't blame the GLBT community for not supporting the station. I was in markets where they DO and I saw the potential of Q growing. There are GLBT viewers that appreciate what Q brought them -- and there are more out there and they would become viewers if we could bring Q to them. That possibility may have (and I repeat) MAY have ended.
I can also personally speak about one "thing" -- Frank Olsen. Never met him. I doubt if I would want to. What this man did to the potential of Gay Broadcasting is a shame. What he did with Q and investors money is probably criminal (but I am not with the SEC or a lawyer so my opinions on that are worthless). That is up to you to do something.
To all of you in here, thanks for some funny posts, thanks for the support, thanks for the "short seller" bashing -- but please keep in mind, not every "former" employee is disgruntled... The ones that are -- and are in here posting BS -- have the right to do whatever they want (as do I). The difference with me? I'm not twisting truth or lying to add any fuel to the fire. I'm just someone that was very proud of my time at Q and I hope I get the chance to do it again.
OH! -- Sorry - but I will not respond to any private E MAILS on this post.
Frank Hagan (former) Programming Director and General Manager QTN
Posted by polo1110 on :
What's the word on any class action law suits? Just wondering.
Posted by sneither on :
quote:Originally posted by polo1110: What's the word on any class action law suits? Just wondering.
If such a "law suit" happens; would someone please send me an e'mail. I would like to be part of it! Thank you
Posted by BlindMellonChitlin on :
With class action suits...the only one that gets any money is the lawyer.
Posted by imakmony2005 on :
Look at the i hubers site they got a lawsuit going, some cop called tuna are something like that.
Posted by letitrideboy on :
lawsuit for what I doubt he has enough to even get a penny per person out of him
Posted by Penny-Trader on :
wouldnt that be a pleasant surprise.
lol Im sure that was an error on the reported reporting.
lol
Rod
quote:Originally posted by mjm2005: 3 million subscribers????
Posted by Penny-Trader on :
yes if that where the case you would be right.
the key here is that a laid off, Or should i say a pissed off employee, says that they will be bankrupt.
it is a good possibility, but an employee cant make a call like this.
this company could go on for years with reruns and selling their content to other gay networks.
selling their rights to the gay games, selling their DVDs.
the point is that an employee does not know the master plans of the company, the assets, or the income.
all they know is they are laid off and things don't look good, and they also have a clouded view as they are taking it more personal then most, because they lost their income, and their heart and soul went into their work and this is what they are handed.
I have left companies that i thought where going to go bankrupt and they are still running, I have worked for companies that i thought where doing good and went bankrupt.
they may be right in this case, but it is not the case just yet.
lets ride this out and see what happens.
My expectations are not that high, but I'm not going to sell out, or worry about what i can not change in this stock.
it has been a big learning curve for many here, and it has been enough of a lesson that i will never touch another penny stock again. at least not one that does not report.
Time will tell, and time will heal the pain of the deception that many where taken in by with this company.
Rod
quote:Originally posted by manfromjax:
quote:QTV, which caters to LGBT audiences and is available in a limited number of markets nationwide, will file for bankruptcy soon, according to two former employees, one of whom, Vanessa Mayer, is serving as an intermediary to California's labor board.
Filing for bankruptcy... there goes our shares...!! It was a good dream while it lasted.
Happy Trails to all, and to all a good night. Time to shut off the lights.
Posted by Penny-Trader on :
Thanks AJ4400 for bringing that post over.
that was refreshing to read from an employee that is not completely disgruntalled.
even this guy feels there is a small chance of them pulling this together.
Hopefully this gentleman gets the oportunity to return to the Q.
sounds like a guy that does not burn bridges, and it is nice to hear some confermation that Fan real and is not Frank in a new alias.
Rod
Posted by Penny-Trader on :
oh and as far as a lawsuit, I'm not putting my name forward to join in any lawsuit.
why cripple the companies chances further in fighting a lawsuit that is going to award you absolutely nothing?
as long as they are not bankrupt they have the opportunity to pull this together.
I do not want to be part of the final nuise that will sink this company.
You all have to do what you think is right, but there is no point in my eyes in pursuing this path.
I'm actually disappointed to see such a thing happening.
everyone invested in a pink sheet stock, that really has no obligations to follow any SEC rules. It is a very high risk stock. If you invest big dollars in one of these and then decide to sue over the loss, that does not make sense to me.
this is high risks, it would be like playing a high stakes poker game and then trying to sue the winner because you found out that he bluffed on a couple of hands. That is the way the game is played.
You really don't have a leg to stand on, nor do you have anything that you can recoup.
I spoke with Frank Olsen several weeks ago, and i got the impression that he is an extremely sick man and i don't believe his time left on this earth is long.
chances are he has no money to get, as he ran the company into the ground.
all the shares that where diluted, where more then likely to try and run the company, I don't believe that Frank made out like a bandit, as the potential for that to happen was long gone by the time he realised the company was in trouble.
My advice would be to let the company be and see if they can pull together a last ditch effort to bring this sucker back from the dead. I feel that the chances are slim to none, but with a lawsuit we are sealing the none.
JMHO
Rod
Posted by HossTrader on :
One really serious question. If this thread dies, what will I do with all the time it frees up? Posted by aj4400 on :
quote:Originally posted by Penny-Trader: Thanks AJ4400 for bringing that post over.
that was refreshing to read from an employee that is not completely disgruntalled.
even this guy feels there is a small chance of them pulling this together.
Hopefully this gentleman gets the oportunity to return to the Q.
sounds like a guy that does not burn bridges, and it is nice to hear some confermation that Fan real and is not Frank in a new alias.
Rod
PT - your best post to date. Hope everybody reads and pays attention. There is no profit in a lawsuit or a SEC action against QBID. Complaints against Frank Olsen could possibly affect QTN - who knows? My opinion - Leave things alone - give Fan a chance (if possible) and lets just ride it out. I've not posted much but have been in this since 2004.
Posted by Penny-Trader on :
we can keep this alive, treat it like a memorial.
a reminder to all that want to invest in the pennies. lol
Rod
quote:Originally posted by HossTrader: One really serious question. If this thread dies, what will I do with all the time it frees up?
Posted by Ad astra on :
A post on IHUB got me thinking yesterday about the share increases and the attempt by Fan to conduct a reverse stock split.
Now I must say up front--I am certainly not a Washington State Attorney, but this is just thinking out loud:
Washington State Statute:
RCW 23B.10.020 Amendment of articles of incorporation by board of directors.
Unless the articles of incorporation provide otherwise, a corporation's board of directors may adopt one or more amendments to the corporation's articles of incorporation without shareholder action:
(1) If the corporation has only one class of shares outstanding, to provide, change, or eliminate any provision with respect to the par value of any class of shares;
(2) To delete the names and addresses of the initial directors;
(3) To delete the name and address of the initial registered agent or registered office, if a statement of change is on file with the secretary of state;
(4) If the corporation has only one class of shares outstanding, solely to:
(a) Effect a forward split of, or change the number of authorized shares of that class in proportion to a forward split of, or stock dividend in, the corporation's outstanding shares; or
(b) Effect a reverse split of the corporation's outstanding shares and the number of authorized shares of that class in the same proportions;
(5) To change the corporate name; or
(6) To make any other change expressly permitted by this title to be made without shareholder action.
Okay:
Let's assume the Articles of Incorporation did not provide otherwise, so one could assume that Frank/Fan could INDEED increase the authorized shares (by amending the Articles of Incorporation). One small problem. This press release on the Qtv site:
Tuesday, August 02, 2005 Q Television Reduces its Tradable Stock by Fifty-Three Percent
PALM SPRINGS, Calif. – August 2, 2005 -- Q TELEVISION NETWORK, (OTCBB Other: QBID), the first 24/7 premium network for the gay and lesbian community, announced today that, in an effort to bring fair value to its trading stock, QBID, Frank Olsen, President, CEO and majority shareholder, has converted all his personal QBID holdings into preferred stock, which makes up 53 % of the total shares.
Can anyone help me here? Would not then the following amendments increasing the authorized shares be null? (because as of 8/2/2005) there were in fact TWO classes of shares outstanding? (our common shares and Frank's 53% "preferred")
Would any increase of shares then require shareholder action?
11/07/05 amendment a/s + to 60b
12/19/05 amendment a/s + to 100b
02/07/06 amendment a/s + to 350b
Thoughts?
Posted by Ad astra on :
I'm actually disappointed to see such a thing happening.
everyone invested in a pink sheet stock, that really has no obligations to follow any SEC rules. It is a very high risk stock. If you invest big dollars in one of these and then decide to sue over the loss, that does not make sense to me.
Rod-
Yes we invested in a pink sheet stock, but that did not give Frank carte blanche to blatantly lie in PR after PR about the financial strength of the network while he was busy working the printing press over time.
I too am giving this stock limited wiggle room in the hope that there is some kind of comeback. But don't think for a second I'm going to sit back and watch any investment of mine go belly up by managerial misconduct then chalk it up to it being a pinkie.
Posted by milliam on :
Ad Astra, I think the problem here is that Frank never actually converted his stock. Just another of his lies! In the conference call, he said that it all had not been converted yet because it was mostly owned by his kids. I think what was really going on was that none of it had been converted and he didn't actually look to do it. It was just something to try and boost the pps and get him more money for his dilution.
On another note, I'm indifferent on the lawsuit. I'd like to leave Fan and Q alone to try and do something with the company, but I want to make sure Frank doesn't have anything left to leave his kids or spend for the rest of his misserable life.
Lastly, on the bankruptcy. Would this only be QTV that would file or would it be TMM? I'm thinking it would only be QTV and TMM would be protected from this. Isn't that why people form different companies? If QTV did go bankrupt, does TMM even still own anything (NTI, LBS, etc.)? I guess we'll never know without some financials.
Milliam
Posted by Bawz2wawz on :
Any real chance Franky will do some time for his actions here. I know we all feel he should but who really thinks it will happen???
Posted by Bawz2wawz on :
Any real chance Franky will do some time for his actions here. I know we all feel he should but who really thinks it will happen???
Posted by hagatha on :
From what I have been hearing there WAS NEVER any preferred. Frank didn't convert a damn thing.
quote:Originally posted by Ad astra: A post on IHUB got me thinking yesterday about the share increases and the attempt by Fan to conduct a reverse stock split.
Now I must say up front--I am certainly not a Washington State Attorney, but this is just thinking out loud:
Washington State Statute:
RCW 23B.10.020 Amendment of articles of incorporation by board of directors.
Unless the articles of incorporation provide otherwise, a corporation's board of directors may adopt one or more amendments to the corporation's articles of incorporation without shareholder action:
(1) If the corporation has only one class of shares outstanding, to provide, change, or eliminate any provision with respect to the par value of any class of shares;
(2) To delete the names and addresses of the initial directors;
(3) To delete the name and address of the initial registered agent or registered office, if a statement of change is on file with the secretary of state;
(4) If the corporation has only one class of shares outstanding, solely to:
(a) Effect a forward split of, or change the number of authorized shares of that class in proportion to a forward split of, or stock dividend in, the corporation's outstanding shares; or
(b) Effect a reverse split of the corporation's outstanding shares and the number of authorized shares of that class in the same proportions;
(5) To change the corporate name; or
(6) To make any other change expressly permitted by this title to be made without shareholder action.
Okay:
Let's assume the Articles of Incorporation did not provide otherwise, so one could assume that Frank/Fan could INDEED increase the authorized shares (by amending the Articles of Incorporation). One small problem. This press release on the Qtv site:
Tuesday, August 02, 2005 Q Television Reduces its Tradable Stock by Fifty-Three Percent
PALM SPRINGS, Calif. – August 2, 2005 -- Q TELEVISION NETWORK, (OTCBB Other: QBID), the first 24/7 premium network for the gay and lesbian community, announced today that, in an effort to bring fair value to its trading stock, QBID, Frank Olsen, President, CEO and majority shareholder, has converted all his personal QBID holdings into preferred stock, which makes up 53 % of the total shares.
Can anyone help me here? Would not then the following amendments increasing the authorized shares be null? (because as of 8/2/2005) there were in fact TWO classes of shares outstanding? (our common shares and Frank's 53% "preferred")
Would any increase of shares then require shareholder action?
11/07/05 amendment a/s + to 60b
12/19/05 amendment a/s + to 100b
02/07/06 amendment a/s + to 350b
Thoughts?
Posted by hagatha on :
From IHUB:
Posted by: florist805 In reply to: None Date:5/10/2006 12:43:10 AM Post #of 17778
Posted by: CFlynn In reply to: foxy who wrote msg# 251841 Date:5/10/2006 12:18:11 AM Post #of 252216
To clarify this, I have an e-mail from a Q executive (will not get into the name of the exec or the circumstances of the e-mail), received Monday, May 8th stating, "...selling as much as possible to bank money to make payroll." I will say, by "assets" we were discussing equipment & physical items in the studio facility, I was NOT speaking about "assets" in a general sense (libraries, programs, holdings, etc.). A week ago Wednesday, at least one of the large screen television monitors had been boxed up and was being loaded in a truck.
I'd also like to address this comment by The OTHER Frank, "To see them and their producers, cameramen, directors and tech staff cut afer working so hard was a painful moment for me - BUT (unlike Frank Owe) NO ONE LIED TO THEM WHEN IT HAPPENED. They were kept fully informed." Now, I'm new to this board, only came here because another ex-employee linked it to everyone, but I do know that may or may not have really been from Frank Hagan (having worked side-by-side with him, it does sound like Frank). It does, however, fall under what I think may be some feeling that the ex-employees are just "disgruntled".
Many of you are stock holders in this company, investors, and there seems to be a lot of anger for feeling cheated and/or burned. I'm not saying you don't have a right to feel that way, but it seems to me that investing is a gamble and you take that chance when you buy in. Employment is not suppose to be a gamble when it comes to receiving a paycheck. All of us knew going in that Q might fail and some of us still took the chance to leave other jobs to give it a try. Had Frank Olsen called us in January 30th and said, "I'm sorry, Q failed. Here's your final checks, thanks," people would have been disappointed, but no one would be angry.
Instead, these guys KNEW they were out of money and kept working everyone into the ground anyway. And I do mean into the ground. For those not familiar with television production, a typical tough, fast-paced entertainment show crew produces one or two shows per day. A typical news crew puts together two shows and promos over the course of a shift. When things were full-steam at Q, we did four entertainment shows (Brunch, On Q and two Queer Edges), two talk shows (On Topic and Reichen), plus the news and promos over a twelve hour shift on a typical day. So, to have people keep working like that for an additional month KNOWING they are not going to at least be paid is criminal. And they lied - they painted a picture of things going great, so none of us saw it coming.
Fast forward to a week ago Friday, when Mr. Fan announced they, once again, couldn't meet the payroll. The couple of weeks prior to that were very hectic - again painting a rosy picture that things were going well. Two new shows were being developed and a great deal of work was going into them. Fernando Loera, the graphic designer, was putting in an unbelievable amount of work to come up with graphics packages for the two news shows, plus a redesigned news package. The crew and producers were being run ragged to get ready for the shows. Unless Ms. Hinnant and Mr. Fan were as dumb as Olsen, there is NO WAY they didn't know they were out of money. Same problem - we worked our tails off for a month, while management KNEW we wouldn't get paid.
Mr. Fan told us in the meeting that he was funding the company out of pocket and that his "funds are limited." I think Mr. Fan's definition of "limited funds" are quite different from how that is defined by the people he just stiffed for a month's pay. Many people, who were only being paid half-day salaries to begin with, are only a paycheck or two from being DESTROYED. They truly live on "limited funds", where I'm sure Mr. Fan could have liquidated a property, a car or some kind of other holding in order to cover this skeleton crew's payroll. That's what angers us about how this has played out. Fan and Olsen screwed all these people out of their pay crying poor-house, when they don't seem to put themselves too far out before doing so.
For the record, as soon as Mr. Fan reached the point in his speech where he stated they "will not be able to meet the payroll," I walked out of the meeting and informed my supervisors that I was done.
This goes back to February 13th when, a week earlier, I had been laid off with everyone else and had no idea if I'd ever see my January pay. I received a phone call that Q was getting back on the air and would be bringing back a small skeleton crew to keep things going for "a few weeks". They had my January pay...but I was only going to get it if I came back. Same went for the rest of the small crew. Hesitant, I asked A LOT of questions and made some statements. First off, I asked about everyone else's pay and was told they expected everyone to be paid by the end of the week. Having coordinated the initial group complaint with the California Labor Commission, I asked if the state was aware they were bringing people back and was told a "deal" had been made to bring us back in and that there was "no way" Q would be able to stiff anyone on paychecks again, because the labor commission would shut them down. There were some other points addressed and I insisted I would only come back freelance and that, as a freelancer, I would be free to take off or "book-out" when I was called about other work. During the time I thought I was laid off, I had restarted my freelance connections and was not about to close those doors again when I knew Q could screw me again. Finally, I assured Q management that if another paycheck was missed, I would be done, immediately.
By the end of the first week, we saw there was no intention of getting the remainder of the crew paid and execs inside were playing a game of "I don't know where that came from." There was also a stated attitude that the ex-employees who were angry (and were being vocal to the press) were "unstable people made more unstable by the financial hardship" and that the financial hardship was the fault of "financially irresponsible people". There were also assurances of "action" and retaliation to be taken against those people "making it tough for us in the press." At the time I remember wondering where they were going to find the money to go after them, but that was a whole other issue. They went on to say dealing with the Labor Commission was "not a big deal" and that the penalties we all understood we were entitled to were "not what you all think."
In the end, we (as a crew) decided the best chance of getting everybody caught up and paid was to keep the thing alive long enough for them to find an investor. A month in, I called the Labor Commission to follow up on the outstanding payroll and penalties. When I asked about the "deal" they made with Q, the person representing our claim at the time laughed and said, "That's boloney, there is no deal. I don't even think anyone from our office has been over there yet because we're still waiting for all the claims to come in." He went on to say that we did the right thing, that if there was some way to get our money by going back, to do it, but if they stiffed us again to walk away.
So, having been lied to again and again and AGAIN, we stuck it out until a week ago Friday, when we found out it we had just worked another month while they KNEW we weren't going to get paid. What amazed me was hearing they believed they could continue on all last week, based on everyone's loyalty. Mine was gone and as a mercenary-for-hire, I walked. An attorney from the Labor Commission is now handling our claim and they are simply waiting to see what Q's next move is. Like Ms. Meyer, I am a group representative for the attorney and received an e-mail early last week saying she had met with Carol Hinnant before we were even told about the payroll, where Ms. Hinnant stated Q was out of options and intended to file bankruptcy. For those of you wondering why two "former employees" were aware of Q's intentions, there is your answer. Obviously, it is a fluid situation and the story has changed several times since, but the Labor Commission is not waiting forever for Q to decide its fate.
All that said, I also want to agree with something the real-or-fake Frank Hagan said about how hard everyone was working to keep the thing alive, because it is SO true. We had no staff or support. Two camera operators were doing the work of four, plus the work of the stage manager, utilities and props/art departments. The previously mentioned Mr. Loera came in at 9am, built graphics all day, then came down and ran the graphics machine for all the live shows. Two audio techs were doing the work of four, one lighting director was handling all of the lighting duites normally done by a crew of techs. Carrie Havel, the director, who had previously been the assistant director, was still doing both jobs with myself helping her through it. And when the girls went to Palm Springs for Dinah, I was directing and switching (cutting cameras, doing effects) at the same time. Our engineer was also painting cameras. And one young man, Alex Honda, ran his tail off for the past two months, as an UNPAID INTERN, doing every job imaginable and he deserves an MVP award for sure.
Likewise, the two producers, Scott Dill and Buck Fraser, who only had the most basic support (Dill had John Carroll & Steve Oldfield, Buck had Dominic Ottersbach) ran all the shows and worked extremely hard, despite the limitations and frequent frustrations. The show hosts made sacrifices and not only did their on hair/makeup & wardrobe, but also took care of the guests. I have to agree, Honey Labrador is one of the hardest working & nicest people I've worked with. Steve Kmetko is great and it was a thrill to work with him again, since going back to E!. Robbie is indeed one of the funniest people on TV and I'm glad to be running into him auditioning & working at other places. Chrisanne Eastwood is funny as all hell too and is brilliant. Reichen's cool too, nice guy and he really does care about other people. Seeing Scott Withers let go after busting his butt to keep the place going was heartbreaking, as was the loss of Queer Edge because "Daddy Jack" is one of the sickest and funniest people you'll ever meet (PLEASE someone pick up that show). Even Frank Hagan would jump in to cover short positions and facilities manager Dave Kingsburry would pull cables for the camera guys during the transitions between shows.
Everybody was dedicated to Q's survival. To reach the end of the road being left hanging for another month's pay is insulting. For those who call the ex-employees "disgruntled", maybe now you have some sympathy for us.
Just to end on a good note, it can not be overstated how great a group of people made up the family at Q. Besides being hard workers, they were also the most incredibly fun, creative and friendly people you'd ever work with. Many of us noted how every job has some people you don't like, but Q was different. We all got along so well and had so much respect for one another. Even the straight folk, like myself, had a great time with what we were doing and had it not been for all the nonsense we weren't aware of, it could have been a real success. We all felt like we made friends & business relationships for life and because of that, I'll never regret the decision to join the team at Q.
But I still want my damn money!!!
Chris Flynn former technical director/director, QTN.
PS - a lot has been made of the PlanetOut article claiming "three millions subscribers" and just want to point out, that number seems to be mistaken with Q's penetration - the number of POTENTIAL homes Q was available to. Based on the number of cable systems it was available on and the size of those markets, there would be POTENTIALLY three million subscribers, but there is no way we had that size audience. Just looking at the Reichen show, many of the e-mails still had to be faked every day, if we had three million subscribers, producers wouldn't have had to do that.
Posted by Ad astra on :
So then it's just another lie he spouted? This cat better hope Fan does something with The Q...and fast.
Posted by Doctoall on :
Trasq Member
Member Rated: posted May 10, 2006 09:22 -------------------------------------------------------------------------------- (Finally! I found the tread on the 5th page). ------------------------------------------------ Press Release Source: Vision Works Media Group, Inc.
Vision Works Media Group Seeks Office Space & Production Studios In Hollywood, California Wednesday May 10, 9:00 am ET
OCALA, Fla.--(BUSINESS WIRE)--May 10, 2006--Vision Works Media Group, Inc. (Pink Sheets:VWKM - News) announces that it is seeking office space & production studios in Hollywood, California for its wholly owned subsidiary New Screen TV, Inc.
The company has determined that a presence in Hollywood for its New Screen TV unit would benefit the company greatly with greater exposure within the television programming industry along with greater access to independent producers and their productions.
As the company signs new affiliates/distributors and with the increasing demand for its programming, the need for additional product becomes essential. If successful in obtaining offices and production studios the company will be able to create and co-create new programming and increase affiliate signings.
**Well it looks like Q may have a buyer, because VWKM is looking for space. Keep an eye on this possible transaction** Not that it will do us any good.
Posted by Dew-it on :
And the Q thread continues to unravel…
Posted by DIGDOUGH on :
Doc maybe it's a good time to buy VWKM. I've been over at THE BATTLE OF NORD OIL for the last 6 weeks and it looks like we finally won the war. There are much better investments after this Q turd.
quote:Originally posted by Doctoall: Trasq Member
Member Rated: posted May 10, 2006 09:22 -------------------------------------------------------------------------------- (Finally! I found the tread on the 5th page). ------------------------------------------------ Press Release Source: Vision Works Media Group, Inc.
Vision Works Media Group Seeks Office Space & Production Studios In Hollywood, California Wednesday May 10, 9:00 am ET
OCALA, Fla.--(BUSINESS WIRE)--May 10, 2006--Vision Works Media Group, Inc. (Pink Sheets:VWKM - News) announces that it is seeking office space & production studios in Hollywood, California for its wholly owned subsidiary New Screen TV, Inc.
The company has determined that a presence in Hollywood for its New Screen TV unit would benefit the company greatly with greater exposure within the television programming industry along with greater access to independent producers and their productions.
As the company signs new affiliates/distributors and with the increasing demand for its programming, the need for additional product becomes essential. If successful in obtaining offices and production studios the company will be able to create and co-create new programming and increase affiliate signings.
**Well it looks like Q may have a buyer, because VWKM is looking for space. Keep an eye on this possible transaction** Not that it will do us any good.
Posted by Penny-Trader on :
Frank never made his shares prefered shares like he stated.
there was never an application to the board to do this.
they do not show up at the wa sos
just because he said it in a pr doesnt mean he did it.
he stated in the last confernece call that the shares where not all converted. that could have ment that none of them where converted, and that is evident in the fact that no application shows on the wa sos.
Frank was a slimmy *******.
Rod
quote:Originally posted by Ad astra: A post on IHUB got me thinking yesterday about the share increases and the attempt by Fan to conduct a reverse stock split.
Now I must say up front--I am certainly not a Washington State Attorney, but this is just thinking out loud:
Washington State Statute:
RCW 23B.10.020 Amendment of articles of incorporation by board of directors.
Unless the articles of incorporation provide otherwise, a corporation's board of directors may adopt one or more amendments to the corporation's articles of incorporation without shareholder action:
(1) If the corporation has only one class of shares outstanding, to provide, change, or eliminate any provision with respect to the par value of any class of shares;
(2) To delete the names and addresses of the initial directors;
(3) To delete the name and address of the initial registered agent or registered office, if a statement of change is on file with the secretary of state;
(4) If the corporation has only one class of shares outstanding, solely to:
(a) Effect a forward split of, or change the number of authorized shares of that class in proportion to a forward split of, or stock dividend in, the corporation's outstanding shares; or
(b) Effect a reverse split of the corporation's outstanding shares and the number of authorized shares of that class in the same proportions;
(5) To change the corporate name; or
(6) To make any other change expressly permitted by this title to be made without shareholder action.
Okay:
Let's assume the Articles of Incorporation did not provide otherwise, so one could assume that Frank/Fan could INDEED increase the authorized shares (by amending the Articles of Incorporation). One small problem. This press release on the Qtv site:
Tuesday, August 02, 2005 Q Television Reduces its Tradable Stock by Fifty-Three Percent
PALM SPRINGS, Calif. – August 2, 2005 -- Q TELEVISION NETWORK, (OTCBB Other: QBID), the first 24/7 premium network for the gay and lesbian community, announced today that, in an effort to bring fair value to its trading stock, QBID, Frank Olsen, President, CEO and majority shareholder, has converted all his personal QBID holdings into preferred stock, which makes up 53 % of the total shares.
Can anyone help me here? Would not then the following amendments increasing the authorized shares be null? (because as of 8/2/2005) there were in fact TWO classes of shares outstanding? (our common shares and Frank's 53% "preferred")
Would any increase of shares then require shareholder action?
11/07/05 amendment a/s + to 60b
12/19/05 amendment a/s + to 100b
02/07/06 amendment a/s + to 350b
Thoughts?
Posted by Ad astra on :
Thanks Penny. Well, it does substantiate just another lie committed to the investors. Just keeping track. Thanks.
Posted by polo1110 on :
I agree with Ad astra, and while I too am allowing Fan to do what he can to help QBID, I am waiting only until one of 3 things happen: QBID either files bankruptcy, reverse splits to the point where what I have is worth nothing or QBID goes back up so I can sell out and recoup my investment. At that point, I also will not just sit back and not take action against Frank. He lied about the financial strength and stability of the company (that company being QBID aka Triangle MultiMedia). These lies should not go unpunished and even if I was to gain nothing financially from a class-action lawsuit, I sure would enjoy Frank's loss of financial security and whatever other hardships a lawsuit might bring upon him.
Posted by casviper on :
At this point I would sue! I stated 6 months ago that this would end up in a lawsuit.
Posted by polo1110 on :
As far as VWKM goes, it's a nice thought, but they won't be buying the studio from Q. Remember? One of the many fun lies we found out about was the fact that Q RENTED the studio, but had some sort of agreement to buy in the future. Can anyone dig this info up?
Posted by Doctoall on :
quote:Originally posted by polo1110: As far as VWKM goes, it's a nice thought, but they won't be buying the studio from Q. Remember? One of the many fun lies we found out about was the fact that Q RENTED the studio, but had some sort of agreement to buy in the future. Can anyone dig this info up?
Polo that is how Egan Elleridge got himself situated with Q, he is the President of Valcom and he rented the property to Frank, so Frank gave him an office at the studio, gave him the ability to oversee operations and get money from diluted shares. If the studio changes hands you can be sure that Egan will want to remain as a part of the fixtures. Egan took Valcom to BK and screwed the shareholders.
Posted by Dew-it on :
This turd comapnay is spiraling out off control!
NEWS QTN runs out of cash – staff laid off
by Lisa Keen
Just two months away from a commitment to broadcast Gay Games VII from Chicago, Q Television Network abruptly laid off all its employees last week.
The for-profit gay cable and Internet broadcast company, delivered through several major cable outlets in San Francisco, Boston, New York, Chicago, and other markets, had in December 2004 promised to pay Gay Games organizers $1.7 million in cash and provide $1.5 million in "advertising and programming benefits" for the exclusive right to broadcast Gay Games events. The company also agreed to unscramble its signal during the Games to make the broadcasts widely available in more than 150 markets worldwide.
Kevin Boyer, co-vice-president of Gay Games Chicago, issued a statement in response to questions from the Bay Area Reporter to several Games officials this week. In the statement, he said the Games had "dissolved" the contract it signed with Q Television Network after "discussions" with the company "earlier this year."
Although the Games organizers remain "open to some degree of QTN involvement with broadcasting," said Boyer, they have talked with "additional potential partners in television, radio, and online streaming media."
The Gay Games takes place July 15-22 in Chicago.
[See story, sports section]
Lloyd Fan, who took over as head of the beleaguered QTN on March 7, said the company is "still trying to restructure" and that he hopes to "move forward" with Gay Games coverage. He also estimated that QTN had already paid Gay Games about $1 million of its commitment.
Fan said QTN had to lay off its employees this month because it "ran out of money." He said he had not been able to "arrange proper financing" of the company because the company had "not been able to provide proper audit and finance statements" to investors.
Q Television Network (not to be confused with the San Francisco cable program QTV Newsmagazine was founded in Palm Springs, California, in April 2004 and billed itself as "by and for the gay community." According to an Associated Press report in April 2005, its founder, Frank Olsen, was a former gay bar owner in Seattle and served as chairman and CEO of both the network and its parent company, Triangle Multi-Media of Seattle.
While the network showed signs of growth – entering more markets through such media giants as Time Warner, Cox, RCN, and Verizon; buying a production studio in Burbank for $25 million; signing a contract with performer Sandra Bernhard; and employing an estimated 100 employees – it also showed signs of trouble and, in February of this year, laid off all its employees. It eventually hired some of them back and on February 27, Triangle issued a press release saying Olsen was appointing entrepreneur Fan as "interim president" of QTN. A week later, the company issued another press release saying that, under "a new agreement," Fan would immediately assume Olsen's roles as chairman and CEO of Triangle Multi-Media Limited and Q Television Network.
Although Olsen wasn't mentioned by name, the March 7 press release also indicated that " all Triangle Multi-Media Limited and QTN officers and board of directors have resigned their positions and have relinquished all responsibilities and affiliations."
Fan immediately closed down the network's Palm Springs offices, consolidating its operation at its studio in Burbank. He also sent a letter to shareholders saying the company was "positioned to prosper in the GLBT marketplace."
Then last week, in an e-mail dated May 3 and addressed to more than 40 people working on the network, Fan said the company had simply run out of money and options.
"It is with deep regret, I must terminate your employment effective today due to the network's inability to pay salaries," wrote Fan in the e-mail. "As you know, since I have taken control of the company on March 7, 2006, I have worked tirelessly to secure funding for the company. All negotiations with potential sources have ended and there are no longer any options on the table."
Boyer of Gay Games Chicago said the event's contract with QTN was "structured in advance to ensure that any subsequent difficulties experienced by Q Television would not have a significant negative impact upon the financial strength of the 2006 Gay Games."
quote:Originally posted by Dew-it: Kevin Boyer, co-vice-president of Gay Games Chicago, issued a statement in response to questions from the Bay Area Reporter to several Games officials this week. In the statement, he said the Games had "dissolved" the contract it signed with Q Television Network after "discussions" with the company "earlier this year."
I wonder what date "earlier this year" was. Seems like something we should have been told about!!
Hey, volume seems to be up today. Maybe its a buy-back .
Milliam
Posted by Penny-Trader on :
lol i wish.
i dont know who in the right mind would be buying this stock.
i dont know who would be selling this stock.
you cant get anything out of it right now, and it certainly is not worth buying right now.
It really makes no sence to me.
Rod
Posted by Ad astra on :
Im tired of reading the press. The minute my shares are no longer able to trade...that's when i'll give up and start looking for some payback.
Posted by aj4400 on :
Interesting Post from IHUB
Posted by: The OTHER Frank In reply to: skunksyard who wrote msg# 252698 Date:5/11/2006 2:27:57 PM Post #of 252726
Hi ThomasG... an answer to programming
RE: Programming? There wasn't anything to work with when I got there. The VAULT of TAPES of existing acquired programming were expiring or were crap. There were little to no movies to run and those we had had licensing agreements that were lapsing. I had to do what I had to do to keep the schedule full -- and it was like being "MacGuyver" in dealing with what little available programming there was. Dan M and Hank worked miricles with scheduling and adding whatever we could to keep the schedule filled - including accessing public domain movies and shorts.
I had plans for additional new programs that never had the chance to start or roll out. NEWS developed the Steve Oldfield Entertainment show (which aired twice - by the way, a nice guy and a hard worker!) -- we were readying other special shows that Honey / Chrisanne and crew taped at the Dinah Shore Weekend and also an hour-long documentary I personally shot in Syracuse on the Miss Gay Syracuse event there, and we also had readied the "repremier" of the 1960's Judy Garland show.
Then there was Honey's return to Daytime talk with "GET REAL with HONEY."
I also wanted to create a prime time. I looked to do a Friday night movie series called BURNT POPCORN (really bad movies hosted by gay comedians), for Sunday nights my plan was to incorporate the HAMMER and NAILS show and create a night for Lesbian oriented programming only -- something the previous people at Q seemed to have "amazingly" and SEVERELY OVERLOOKED, Jinx Titanic was assembling a weekly "alternative lifestyle hour show" for the Bear and S/M crowd, something the previous people at Q seemed to have "amazingly" and SEVERELY OVERLOOKED, I planned a "ON THE DL" night where documentary specials discussing the DL lifestyle would air and the evening talk shows preceeding this would promote it by doing DL related topics. I also planned doing a Q PEOPLE OF COLOR night where Latino / Latina and Afro American Gay issues and targeted programming would fill a night of Prime Time -- again, something the previous people at Q seemed to have "amazingly" and SEVERELY OVERLOOKED, and I also had a SAT night Variety / Talk show in development. I even looked at -- and seriously considered -- running the Canadian Gay Male Naked News for a late late night block. (I was turned on to that concept by Scott Dill - the man who was the true genius of QTN News.) Much credit needs to go to him and the many good things he did at Q.
If only Frank Olsen and crew had left Q "stable" and with operational cash -- that is what you, the viewers, would have been seeing hit the QTN airwaves on my watch. Carol and Lloyd were behind every effort I wanted to achieve with programming. We just didn't have the available cash flow to do it, but we tried a number of ways to get some of it done --and we almost did it.
So if you see a rerun or the Three Stooges? Think of THE OTHER OTHER FRANK, not this one.
Hope that answers some of your questions.
Frank Hagan
Posted by Penny-Trader on :
its too bad to hear this. as we have always stated, the timing was right, the talent was there, and the spirit was good. there was just one great big fat Leach sucking the financial blood out of this company.
good idea, bad management. its too bad that so many good ideas get screwed up by poor managers.
Franks dream was to build the best, but instead he killed the best.
god i hope something can be done to salvage the damage he has done. I don't care about the money now as it is gone, I'm more concerned about the ones that put their hearts into their jobs, and unexpectedly for no pay. They are the real losers in this company. we all still have a revenue stream, where as these ones lives get put on hold until they can find someone that will pay them for their creative talents.
that is the saddest part of this situation.
we should be thinking about them instead of our own selfish interests as well.
I'm not going to die with out the money i invested. IM not going to miss a car payment or a meal or have to give up any luxuries because of this closure, but they will, and that is the part that bothers me the most.
the fat lady has not sung yet, but the orchestra is getting ready.
lets hope Fan can get a stay of execution for this company.
hell if he claims for bankruptcy protection, maybe he can restructure this thing. it worked for RCN. It has worked for many other companies.
who knows.
Rod
Posted by Doctoall on :
Penny: The fat lady has not sung, but as you say the orchestra is getting ready, while the naked fat man runs through the desert. Frank watch out for the cactus. Better still I hope you are sitting on one Posted by Dustoff101 on :
Now don't go postal on me, but just when you guys think it's finaly over, thats when the teeth of Justice will clinch.
I expect the SEC, FBI, IRS and Department of labor to successfully shut this thing down once and for all.
I made the call 6 months ago......But I'll bet the evidence gathering part of the investigation has been going on for years..
Should be close, time wise now...
The indictments are going to be some very interesting reading and discussion.
Posted by milliam on :
quote:Originally posted by aj4400: There were little to no movies to run and those we had had licensing agreements that were lapsing.
What about the movie library??? Have we uncovered another of Frank's many lies?
Hmmm, we never actually bought the studio that was going to be worth so much, and now...we never actually bought the movie library that was worth 1 billion!
Come on indictments!!! Milliam
Posted by Dew-it on :
As soon as the sh!t hits the "Fan" and by the looks of it - seems inevitable. This will be our last option. Frankie the Fraudster, you better run your fat ass for cover.
Shareholders Sue XM Satellite Radio Holdings, Inc. -- KGS Announces Filing Thursday May 11, 9:33 pm ET
NEW ORLEANS, LA--(MARKET WIRE)--May 11, 2006 -- Kahn Gauthier Swick, LLC ("KGS") announces that a securities class action lawsuit has been commenced in the U.S. District Court for the District of Columbia, on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of XM Satellite Radio Holdings, Inc. (NasdaqNM:XMSR - News) between July 28, 2005 and February 15, 2006. No class has yet been certified in this action. ADVERTISEMENT
UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.
The Complaint alleges that defendants misrepresented XM's ability to reduce its subscriber acquisition costs, and that defendants knew or recklessly disregarded the fact that excessively large marketing expenditures would be needed through 2005 to reach XM's goal of 6 million subscribers. It was only on February 16, 2006, that XM disclosed to investors the fact that XM's subscriber acquisition costs were skyrocketing. Shares of the Company immediately fell 13% to close at $21.96 on February 17, 2006 and have subsequently fallen further to around $17.00 per share. During the class period, several key insiders of XM made huge sales of their personal holdings in the fourth quarter of 2005, taking advantage of the artificial inflation of XM's common stock and selling almost $70 million in Company stock during that time.
If you purchased shares of XM between between July 28, 2005 and February 15, 2006, and wish to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Lewis Kahn of KGS toll free 1-866-467-1400, ext. 100, or at 504-648-1850, or by email at lewis.kahn*kglg.com. Further information is available at. http://www.kglg.com/case/case.asp?lngCaseId=4799 Posted by milliam on :
Ok, lets say Fan files for bankruptcy...which company will it actually be? TMM or Qtelvision? I know TMM is pretty much nothing more than QTV, but doesn't QTV have its own 75,000 shares of stock? Also, don't we (TMM) still own some other companies?
Milliam
Posted by Rich735 on :
I am ready to sue!
Posted by DIGDOUGH on :
The gay games won't have this event in their program, but if they did Q share holders would win the gold hands down for the who can get screwed the longest and BSed the most competition.
Has Frank been apprehended yet?
Posted by HossTrader on :
Maybe we could start another new sport for the gay games, see who can kick the fat man the farthest? Posted by Penny-Trader on :
That's the problem Milliam, we don't really know what we own if anything.
all i know for sure is that i own 15 million useless pieces of paper right now. that is the only thing we know for sure.
We have no disclosure of what TMM owns or does not own, because we have never received an audit of that company. all we know for sure is that they own a very good concept for a gay television station that has been run into the ground, at least financially.
I hope Frank does get taken to court and charged for something, and is thrown into jail. However, that is not going to get anyone back their money.
I cant see Fan getting into any trouble. he has at least tried to get us the info about the company, but was left with a real mess.
I would love to know what the deal was in which Fan acquired control of this company. I'm sure he must have spent some of his own money to gain the market share that he has of this company.
I'm certain it was not just given to him.
There is something that still does not fit together for me.
Why would someone take control of a company and 2 months later state there is nothing he can do.
This does not wash well with me.
He was originally introduced as an investor, and was appointed as an interim president of the company, which would make sense if someone invested a pile of money into a company. then to take control of the company only a couple weeks later, he must have known what he was getting into. Was he fooled by Frank?
you cant tell me he that this man invested a pile of money without knowing what he was getting into. So is there something he didn't know and was deceived into buying this? If so then should he not be going after Frank?
If he is not going after Frank, then is he making it look worse then it is to encourage to get out of the company real cheap so he can take it private?
Or is he completely out of his mind and bought in and didn't do his research, and can afford to loose the money for a tax right off?
none of this makes sense.
something smells. I still think that this may be a ploy to take the company private.
what kills me is we are not hearing anymore carriers dropping out. They are still broadcasting, is this just broadcasting too the end of the month to honour any subscriptions that are paid up for the month, and then cut the signal? I don't think they are that loyal to the viewers if they are truly in trouble financially. they would just pull the plug.
something doesn't sit well with me with the whole situation. Companies don't usually give warnings of them going under, they just shut the doors and lock em up. My guess is that they are going to file for chapter 11 protection, restructure, and try to emerge with a fresh start, and new ticker symbol or even privately.
It may be wishful thinking here, but this stinks of something different than what is being laid out here.
I could be completely wrong, but i don't think we are at the end of the road just yet.
Rod
quote:Originally posted by milliam: Ok, lets say Fan files for bankruptcy...which company will it actually be? TMM or Qtelvision? I know TMM is pretty much nothing more than QTV, but doesn't QTV have its own 75,000 shares of stock? Also, don't we (TMM) still own some other companies?
Milliam
Posted by aj4400 on :
Interesting post - not sure its believable but good reading and maybe wishful thinking.
Posted by: BruisedPinata In reply to: None Date:5/12/2006 10:50:39 AM Post #of 252959
By KatrinaKiller on RB: Just got off the phone with Mr.Fan and he said that he will most likely out source the Gay Games through ESPN or another network who does sports shows. Q still retains all rights to the Broadcast rights. I asked Mr. Fan about the Planet out story and he said it was false and no one had talked with him about it. Q will make money from out sourcing the games to the larger Network and in rreturn get to show the gay games on Q and the other network (ESPN ECT...) along with commercial premiums = $$$$$ he said without Q having to pay one cent.
Fan said all of Q's bills have been paid and Q has plenty of inventory to play on the network until Fan can get the money nessary to place employees back on payroll. Many of the Q staff still show up to work everyday to run the network. Fan said it has just taken longer to get through Frank olsen's mess than he thought it would. Everyone Frank Olsen had deals with was not paid and were sueing Q for franks lies. The lawsuits have all been taken care of and now we are trying to turn things around. The Gay Games will make Q alot of operation revenue and if it means Q sits Quite until the Gays Games then that is what it will take.
Fan said he has no intentions of bankruptcy the company. Many think I bought Q from Frank Olsen which is not the case Frank Olsen took Fan and his group of investors for more that 13 million dollars in a stock purchase deal at about .0050 - .0080. Frank Olsen lied to Mr. Fan and Fan hired several investigators who dug up so much DIRT on Olsen, Goldman that Frank Olsen had to turn over his 53% of his shares to Fan. I f frank were to have not given Fan controlling interest in Q Fan would have had enough Dirt on Olsen and Goldman to put them away for a a long time.
Now that Fan has the company he will promote his product line using Q's New Web page and network to make back his 13+ million dollars. Fan said that if he bankruptcy the company he and all his investors who have backed him will lose all they invested. Better to wait it out than lose everything.
Fan was very upset I could tell by the tone in his voice but, very professional at all times on the phone.
Fan ended the conversation by saying it will just take longer than we thought to get Q up and running than we thought it would with the mess olsen had it in. Olsen's plan was to sell as many shares as he could before he bankruptcy the company and turned the shell into and new network The American Indian Channel. Olsen would do the whole scam over and hurt more investors with the new game plan. I will not turn Q back over to Frank Olsen no matter what happens. I will not let other investors as my self and other get hurt again by frank olsen
Posted by Penny-Trader on :
im trying to verify that this is an actual conversation with Fan.
if i find out anything i will let you know.
rod
Posted by Gordon Bennett on :
Does anyone have a picture of Fan? I question his very existence at this point.
Posted by HossTrader on :
Whew! And I was worried Q would just go away! I hate it when my favorite soap opera goes off of the air!
Bring on more drama!! Posted by HossTrader on :
Any minute now we are going to wake up and realize the last 2 years were a dream and no one actually shot JR.
Posted by Penny-Trader on :
lol
Posted by firefly on :
ROTFLMAO
Posted by davidjanas on :
u know what the funniest thing is. i thought i had a skill of being able to tell when people bullsh&t but frank is one of the best liars in the world.. he can look at you straight in the face and tell you exactly what u wanna hear without a glitch.. wow.. frank olsen deserves the scumbag of the year award for this one. well , i guess its back to workin .. how miserable this all became. hopefully we'll get it back 10 fold. if not, then u know the saying, it just wasnt meant to be. by the way..whos paying the rent for the studios right now.. do we as shareholders have the right to go there like a garage sale and take whatever we need. i could use a couple computer screens...haha.. those son of a guns really got us good. professional scam artists. now ill be sure to look after them Posted by letitrideboy on :
lol I hope that was not a real conversation with fan!! If you hire a PI and dig up "dirt" on somebody that could put them in jail. But instead of doing that and telling all you take a huge amount of stock and don't turn em in....ya sounds like black mail!!! Even if he didn't word it like that...he still dug up dirt then received a butt load of stock and kept quiet! I don't think he would be stupid enough to tell somebody that over the phone. Probably a fake post
Posted by Brahma on :
I'm willing to join any share holder in action against One Frank Olsen to take any monitary gain he may have. Better yet, just like the Enron Exec's maybe we can have Frank going to jail, and getting screewed just like the share holders he exploited!
Any One Game?
Posted by Penny-Trader on :
na im not interested. Frank will have to meet his maker one day soon and he will have to answer for his actions.
Im not a big fan of sueing people for what was considered a high risk stock. you cant gamble your money and loose then sue someone for it.
any lawsuit is going to cost you a retainer fee and that is just more money spent foolishly that you will never see anything for it. The only one that wins here is the lawyer, who will take your money to fight this.
Rod
Posted by Brahma on :
Excellent answer Penny! Even with a class action the lawyers get most of the money and shareholders get pickens.
I'm checking out the competition with LOGO; they now have a series maybe more of them, but they seem to be on the right tract. The one thing that's going for us shareholders is that we DO own rights to the Gay Games. There is money to be made there, and I trust that Fan can exploit that. If he can make a few million off that option then maybe there is life for this stock!
Hey with a little revenue on the bottom line, just maybe Fan can start to buy back some of this stock and attract some investors. We'll have to see what develops.
Posted by Monopoly Money on :
whats fan's email address, im being lazy and i figure it would give someone something to do here Posted by Rich735 on :
I have called Q 10 times this month and either only have gotten some young lady that says Fan isn't in or his voice mail. He never returns my calls. I question the phone conversation with Fan. No I don't believe the conversation took place. Nothing will change my mind until he pr's a game plan and the pps moves.
Posted by Doctoall on :
quote:Originally posted by Monopoly Money: whats fan's email address, im being lazy and i figure it would give someone something to do here
www.windowfan*whirlpool.com I think that the fan is in for repairs, it was blowing hot air but it appears that now it is not blowing at all.
Posted by imakmony2005 on :
so what the hell did frankie do??? MT it does not say? are did i miss it?
Posted by aj4400 on :
Post from IHUB. I would tend to believe this post over the "talked to Fan" story from RB.
Posted by: The OTHER Frank In reply to: None Date:5/14/2006 10:21:20 PM Post #of 253138
Raging lunatic on RAGING BULL
The only thing that is UNDER THE TABLE with this Raging Bull poster is their mental state. (see below)
No one is AT Q working -- I'm considered / was considered a KEY EMPLOYEE and I haven't been there. Please advise this person to take their meds before they post any more untrue and misleading posts. She never spoke to FAN -- never spoke to Richard Brown and the only thing I can assume is he / she must be Frank Owe's new PR person because nothing she puts to print is truth.
Frank Hagan
(and YES - I do read posts -- have since I started at Q)
By: katrinathekiller 14 May 2006, 05:13 PM EDT Msg. 1195880 of 1195992 (This msg. is a reply to 1195877 by waiting29.) Jump to msg. # Key employees show up for work everyday until fan can pay them officially. EVERYTHING IS UNDER THE TABLE RIGHT NOW. Q is doing just fine fan just wants the stock back as cheap as possible
Posted by noah129 on :
and the drama goes on. this qbidiot still holding a boatload of shares. good luck to us all. and God willing this will turn out good for us .i was hoping on by now living on easy street eating cheesecake and gambling away my fortunes hehehe.
40 million long and strong until death do us part.
Posted by Ad astra on :
quote:Originally posted by aj4400: Post from IHUB. I would tend to believe this post over the "talked to Fan" story from RB.
Posted by: The OTHER Frank In reply to: None Date:5/14/2006 10:21:20 PM Post #of 253138
Raging lunatic on RAGING BULL
The only thing that is UNDER THE TABLE with this Raging Bull poster is their mental state. (see below)
No one is AT Q working -- I'm considered / was considered a KEY EMPLOYEE and I haven't been there. Please advise this person to take their meds before they post any more untrue and misleading posts. She never spoke to FAN -- never spoke to Richard Brown and the only thing I can assume is he / she must be Frank Owe's new PR person because nothing she puts to print is truth.
Frank Hagan
(and YES - I do read posts -- have since I started at Q)
By: katrinathekiller 14 May 2006, 05:13 PM EDT Msg. 1195880 of 1195992 (This msg. is a reply to 1195877 by waiting29.) Jump to msg. # Key employees show up for work everyday until fan can pay them officially. EVERYTHING IS UNDER THE TABLE RIGHT NOW. Q is doing just fine fan just wants the stock back as cheap as possible
I'm sorry... I dont think any of those people posting worked at Q. If they truly did, and now spend their lives posting on IHUB (especially a TV "executive" like Hagan), then perhaps this network was doomed from the start.
Posted by hagatha on :
Bingo.
quote:Originally posted by Ad astra:
quote:Originally posted by aj4400: Post from IHUB. I would tend to believe this post over the "talked to Fan" story from RB.
Posted by: The OTHER Frank In reply to: None Date:5/14/2006 10:21:20 PM Post #of 253138
Raging lunatic on RAGING BULL
The only thing that is UNDER THE TABLE with this Raging Bull poster is their mental state. (see below)
No one is AT Q working -- I'm considered / was considered a KEY EMPLOYEE and I haven't been there. Please advise this person to take their meds before they post any more untrue and misleading posts. She never spoke to FAN -- never spoke to Richard Brown and the only thing I can assume is he / she must be Frank Owe's new PR person because nothing she puts to print is truth.
Frank Hagan
(and YES - I do read posts -- have since I started at Q)
By: katrinathekiller 14 May 2006, 05:13 PM EDT Msg. 1195880 of 1195992 (This msg. is a reply to 1195877 by waiting29.) Jump to msg. # Key employees show up for work everyday until fan can pay them officially. EVERYTHING IS UNDER THE TABLE RIGHT NOW. Q is doing just fine fan just wants the stock back as cheap as possible
I'm sorry... I dont think any of those people posting worked at Q. If they truly did, and now spend their lives posting on IHUB (especially a TV "executive" like Hagan), then perhaps this network was doomed from the start.
Posted by imakmony2005 on :
LMAO, Dont know why, but i am.
Posted by imakmony2005 on :
Maybe fan will pay me back in cash thats fine by me.
Posted by Monopoly Money on :
if it isnt diamond dust its television production..
Posted by training4pennies on :
i live in las vegas and subscribe to cox cable.. our GLBT movie channel on demand is "HERE" not QTV.
Posted by Pennies to Dollars on :
quote:Originally posted by Ad astra:
quote:Originally posted by aj4400: Post from IHUB. I would tend to believe this post over the "talked to Fan" story from RB.
Posted by: The OTHER Frank In reply to: None Date:5/14/2006 10:21:20 PM Post #of 253138
Raging lunatic on RAGING BULL
The only thing that is UNDER THE TABLE with this Raging Bull poster is their mental state. (see below)
No one is AT Q working -- I'm considered / was considered a KEY EMPLOYEE and I haven't been there. Please advise this person to take their meds before they post any more untrue and misleading posts. She never spoke to FAN -- never spoke to Richard Brown and the only thing I can assume is he / she must be Frank Owe's new PR person because nothing she puts to print is truth.
Frank Hagan
(and YES - I do read posts -- have since I started at Q)
By: katrinathekiller 14 May 2006, 05:13 PM EDT Msg. 1195880 of 1195992 (This msg. is a reply to 1195877 by waiting29.) Jump to msg. # Key employees show up for work everyday until fan can pay them officially. EVERYTHING IS UNDER THE TABLE RIGHT NOW. Q is doing just fine fan just wants the stock back as cheap as possible
I'm sorry... I dont think any of those people posting worked at Q. If they truly did, and now spend their lives posting on IHUB (especially a TV "executive" like Hagan), then perhaps this network was doomed from the start.
Agreed.
Posted by buzzygresham on :
So why do i sit here and look at my scottrade and this one says the price is N/A??? Did they go under? are they being reviewed?
Posted by buzzygresham on :
and when i try to look it up it says the symbol is not found? did it simply change symbols? or did it finally run out of gas???
Posted by hotstocks2006 on :
Does Q still have the broadcasting rights to the gay games? The gay games web site show's Q TV as a sponsor and I don't think they would keep a company aroud if it was going to make them look bad! With gay people it is all about appearance!
Posted by hotstocks2006 on :
around!sorry
Posted by hotstocks2006 on :
I think the biggest problem with the stock is the share holders! You talk about it as if it was a dead company! Maybe it is you that is holding the stock price down! If you couldn't afford to loose the money you shouln't have got in! I have 23 million shares and not a worry in the world! The money I have invested is what I spent in gas last week!LOL My point is stop crying and just relax!
Posted by JimS on :
Another nail in the coffin?
We are pleased to announce that Logo, MTV Network's one-year-old cable television channel for the lesbian, gay, bisexual and transgender (LGBT) audience, has become a Premium Global Sponsor of the 2006 Chicago Gay Games. Logo's sponsorship will include advertising, production, special event and online promotions, and support of the Gay Games by Logo talent.
"In just one short year, Logo has become one of the most recognizable brands within the gay and lesbian community," said Brenda Schumacher, Gay Games Director of Broadcast. "We are thrilled to partner with Logo to tell the powerful stories of our community through the lens of sports, culture, celebration and the legacy of the Gay Games conveying our message of Inclusion, Participation and Personal Best™." Schumacher and Gay Games Vice Co-Chair Tracy Baim negotiated the relationship with Logo.
"Logo works to connect with our audience in an authentic way and the real stories of athletic achievement are among the most powerful of all," said Lisa Sherman, Senior Vice President and General Manager of Logo. "The Gay Games has played a critical role in the LGBT community's history since it was founded in 1982. For Logo, the remarkable stories of the participating athletes, artists and their fans, families and friends make the Gay Games an important part of our 2006 programming."
Promotional spots about the 2006 Gay Games and Logo’s involvement as a sponsor and partner will begin running this month on Logo, at LOGOonline.com and our website.
One of the last carrots, JimS
Posted by milliam on :
Awww crap! What's up with that? I wonder if Fan sold them this, or the Gay Games just dropped Q like the rotten egg it is and went to Logo. Now the big question....what happens to the supposedly 1mil we'd already paid them?
Posted by imakmony2005 on :
More then likely frank never paid them.lol
Posted by Dew-it on :
It is time to flush this turd. Lloyd start the yard sale...
Posted by manfromjax on :
quote:Originally posted by JimS: Another nail in the coffin?
More like the last shovel of dirt as the crowd leaves the gravesite....!
Posted by Penny-Trader on :
maybe Fan is actually a liquidator. he is disecting the company and selling off the assets to cover his expenses and screw the rest of us.
he is now no longer replying to my messages.
he was responding before but not now.
i dont buy the conversation that was copied over from IHUB the other day.
As many here have mentioned. Fan is no better then Frank was when it comes to answering e-mail of phone messages.
sad but true.
makes you wonder how much longer before it just fades away in the background.
Rod
Posted by suzainiee on :
[QUOTE]Originally posted by aj4400: [QB] Interesting post - not sure its believable but good reading and maybe wishful thinking.
By KatrinaKiller on RB: Just got off the phone with Mr.Fan and he said that he will most likely out source the Gay Games through ESPN or another network who does sports shows. Q still retains all rights to the Broadcast rights. I asked Mr. Fan about the Planet out story and he said it was false and no one had talked with him about it. Q will make money from out sourcing the games to the larger Network and in rreturn get to show the gay games on Q and the other network (ESPN ECT...) along with commercial premiums = $$$$$ he said without Q having to pay one cent.
The Gay Games will make Q alot of operation revenue and if it means Q sits Quite until the Gays Games then that is what it will take.
-------------------------------------------------
This part is interesting.
Posted by suzainiee on :
quote:Originally posted by JimS: Another nail in the coffin?
We are pleased to announce that Logo, MTV Network's one-year-old cable television channel for the lesbian, gay, bisexual and transgender (LGBT) audience, has become a Premium Global Sponsor of the 2006 Chicago Gay Games. Logo's sponsorship will include advertising, production, special event and online promotions, and support of the Gay Games by Logo talent.
"In just one short year, Logo has become one of the most recognizable brands within the gay and lesbian community," said Brenda Schumacher, Gay Games Director of Broadcast. "We are thrilled to partner with Logo to tell the powerful stories of our community through the lens of sports, culture, celebration and the legacy of the Gay Games conveying our message of Inclusion, Participation and Personal Best™." Schumacher and Gay Games Vice Co-Chair Tracy Baim negotiated the relationship with Logo.
"Logo works to connect with our audience in an authentic way and the real stories of athletic achievement are among the most powerful of all," said Lisa Sherman, Senior Vice President and General Manager of Logo. "The Gay Games has played a critical role in the LGBT community's history since it was founded in 1982. For Logo, the remarkable stories of the participating athletes, artists and their fans, families and friends make the Gay Games an important part of our 2006 programming."
Promotional spots about the 2006 Gay Games and Logo’s involvement as a sponsor and partner will begin running this month on Logo, at LOGOonline.com and our website.
Did I miss something? Will Logo broadcast the games?
Posted by Kevin from NYC on :
quote:Originally posted by noah129: and the drama goes on. this qbidiot still holding a boatload of shares. good luck to us all. and God willing this will turn out good for us .i was hoping on by now living on easy street eating cheesecake and gambling away my fortunes hehehe.
40 million long and strong until death do us part.
Hey Noah,
Remember me? Yeah I still have this stock. If you are this loyal in everything you do, maybe we can work on some business together sometime in the future. One way or another you'll make money with your focus.
Posted by Kevin from NYC on :
quote:Originally posted by suzainiee:
quote:Originally posted by JimS: Another nail in the coffin?
We are pleased to announce that Logo, MTV Network's one-year-old cable television channel for the lesbian, gay, bisexual and transgender (LGBT) audience, has become a Premium Global Sponsor of the 2006 Chicago Gay Games. Logo's sponsorship will include advertising, production, special event and online promotions, and support of the Gay Games by Logo talent.
"In just one short year, Logo has become one of the most recognizable brands within the gay and lesbian community," said Brenda Schumacher, Gay Games Director of Broadcast. "We are thrilled to partner with Logo to tell the powerful stories of our community through the lens of sports, culture, celebration and the legacy of the Gay Games conveying our message of Inclusion, Participation and Personal Best™." Schumacher and Gay Games Vice Co-Chair Tracy Baim negotiated the relationship with Logo.
"Logo works to connect with our audience in an authentic way and the real stories of athletic achievement are among the most powerful of all," said Lisa Sherman, Senior Vice President and General Manager of Logo. "The Gay Games has played a critical role in the LGBT community's history since it was founded in 1982. For Logo, the remarkable stories of the participating athletes, artists and their fans, families and friends make the Gay Games an important part of our 2006 programming."
Promotional spots about the 2006 Gay Games and Logo’s involvement as a sponsor and partner will begin running this month on Logo, at LOGOonline.com and our website.
Did I miss something? Will Logo broadcast the games?
no.
Posted by betting babe on :
the Gay Games contract was conditional.
Qtv had to be successfully broadcasting in x amount of markets by x date in order to be granted the rights.
the x numbers are back in the archives somewhere...
~BB
quote:Originally posted by suzainiee: [QUOTE]Originally posted by aj4400: [QB] Interesting post - not sure its believable but good reading and maybe wishful thinking.
By KatrinaKiller on RB: Just got off the phone with Mr.Fan and he said that he will most likely out source the Gay Games through ESPN or another network who does sports shows. Q still retains all rights to the Broadcast rights. I asked Mr. Fan about the Planet out story and he said it was false and no one had talked with him about it. Q will make money from out sourcing the games to the larger Network and in rreturn get to show the gay games on Q and the other network (ESPN ECT...) along with commercial premiums = $$$$$ he said without Q having to pay one cent.
The Gay Games will make Q alot of operation revenue and if it means Q sits Quite until the Gays Games then that is what it will take.
-------------------------------------------------
This part is interesting.
Posted by Pennies to Dollars on :
Well, it looks like this is the end of the road for us. I've lost approximately $2,500 on this stock and I was pretty disgruntled about my misfortune at first, but I especially feel sorry for people like Jennifer now. Didn't she have a quarter of a million dollars invested in QBID? Well, hopefully justice will be served and the shareholders will prevail. Best of luck to everyone in your future endeavors. It has been a pleasure corresponding with each and every one of you.
Posted by casviper on :
how much did everyone lose in this disaster? I lost $5,500. I wish I was part of the mafia!!!
Posted by Deg's wife on :
quote:Originally posted by casviper: how much did everyone lose in this disaster? I lost $5,500. I wish I was part of the mafia!!!
well over 10K...well over!! But licking the wounds and moving on. Good luck to us all Robin
Posted by JimS on :
$8,786.46 ouch! And I was proud that I had my dollar cost average down to .0012/sh. LOL "This to shall pass".
Posted by HossTrader on :
Somewhere around $15-20K. I don't want to add it all up and know for sure. I don't even get the write off for the shares in my IRAs!
You are right JimS, it will pass! Like a kidney stone! LOL
Posted by imakmony2005 on :
I gave Frank over 25k.
Posted by Wangdo on :
2 weeks to go...
Corporations Division - Registration Data Search
TRIANGLE MULTIMEDIA LIMITED
UBI Number 601 047 757 Category Regular Corporation Profit/Nonprofit Profit Active/Inactive Active State of Incorporation WA Date of Incorporation 05/08/1951 License Expiration Date 05/31/2006
Corporations Division - Registration Data Search
Q TELEVISION NETWORK, INC.
UBI Number 602 391 767 Category Regular Corporation Profit/Nonprofit Profit Active/Inactive Active State of Incorporation WA Date of Incorporation 05/03/2004 License Expiration Date 05/31/2006 Posted by Repoman75 on :
Can we lock this thread? This is worse than seeing people who survived a tornado sit around and talk about how their house is in ruins.
Posted by sneither on :
I've lost about $4500. From what I'm reading on this board; you all truly think it's the end of the line for "QBID"?? Or just the end of the line for the shareholders? Too Bad? Best of luck to everyone!
Posted by suzainiee on :
Sooooooo, who is broadcasting the Gay Games this summer?
Posted by King Crimson on :
believe today may be the lowest dollar volume day i have ever seen on QBID.
less than $2,000 til 15:39:51. average share price .000008 - .000016. sad.
lost 36,545.00 It looks I'm the winner thus far!!!
Posted by Gordon Bennett on :
There's no guarantee anyone will.
quote:Originally posted by suzainiee: Sooooooo, who is broadcasting the Gay Games this summer?
Posted by HossTrader on :
Wow!! This is as dead as a stock can get!! I tried to sell shares out of one of my accounts AT MARKET and not a single share sold! Ouch! Posted by BlackWidow on :
quote:Originally posted by Fullerton-Titan: lost 36,545.00 It looks I'm the winner thus far!!!
I've got you beat by more than double!
Posted by manfromjax on :
quote:Originally posted by Fullerton-Titan: lost 36,545.00 It looks I'm the winner thus far!!!
WOW.. that is a lots. I feel for you. I lost twice that much in Global Crossing a few years back. Now I lost about 16K in QBID. Right now I am getting this lost back in ELN gains(which I have lost twice so far).
I guess my wife is right... I just wasn't meant to have money! Posted by Wangdo on :
Q Television in trouble; LOGO steps up for Gay Games
Just two months away from a commitment to broadcast Gay Games VII from Chicago, Q Television Network abruptly laid off all of its employees this month.
The for-profit gay cable and Internet broadcast company, delivered through several major cable outlets in San Francisco, Boston, New York and other markets, had in December promised to pay Gay Games organizers $1.7 million in cash and provide $1.5 million in “advertising and programming benefits” for the exclusive right to broadcast Gay Games events. The company also agreed to unscramble its signal during the Games to make the broadcasts widely available in more than 150 markets worldwide.
Kevin Boyer, co-vice-president of Gay Games Chicago, issued a statement in response to questions from this paper to several Games officials last week. He said the Games had “dissolved” the contract it signed with Q Television Network after “discussions” with the company “earlier this year.”
Although the Games organizers remain “open to some degree of QTN involvement with broadcasting,” said Boyer, they have talked with “additional potential partners in television, radio and online streaming media.”
And, this week, the Games announced that Logo, another for-profit cable television channel for LGBT audiences, has chipped in “somewhere in the range of $1 million,” said Boyer, to be listed as a Premium Global Sponsor of the event.
The Gay Games takes place July 15-22 in Chicago. While the event boasts an unprecedented number of sponsors this year, says Boyer, only five are contributing cash and in-kind services in the million-dollar range. In addition to Logo (an affiliate of MTV), and Q Television Network, they include PlanetOut, Walgreen’s drugstores, and Lexiva (a product of GlaxoWellcome).
Q TV is scrambling
Lloyd Fan, who took over as head of the beleaguered Q Television Network on March 7, said last week the company is “still trying to restructure” and that he hopes to “move forward” with Gay Games coverage. He also estimated that Q Television Network had already paid Gay Games about $1 million of its commitment.
Fan said Q Television Network had lay off its employees this month because it “ran out of money.” He said he had not been able to “arrange proper finance” of the company because the company had “not been able to provide proper audit and finance statements” to investors.
Q Television Network (not to be confused with the San Francisco cable program QTV News Magazine) was founded in Palm Springs, California, in April 2004 and billed itself as “by and for the gay community.” According to an Associated Press report in April 2005, its founder, Frank Olsen, was a former gay bar owner in Seattle and served as chairman and CEO of both the network and its parent company, Triangle Multi-Media of Seattle.
While the network showed signs of growth –entering more markets through such media giants as Time Warner, Cox, RCN, and Verizon, buying a production studio in Burbank for $25 million, signing a contract with performer Sandra Bernhard, and employing an estimated 100 employees— it also showed signs of trouble and, in February of this year, laid off all its employees. It eventually hired some of them back and on February 27, Triangle issued a press release saying Olsen was appointing entrepreneur Lloyd Fan as “interim president” of Q Television Network. A week later, the company issued another press release saying that, under “a new agreement,” Fan would immediately assume Olsen’s roles as Chairman and CEO of Triangle Multi-Media Limited and Q Television Network.
Although Olsen wasn’t mentioned by name, the March 7 press release also indicated that “all Triangle Multi-Media Limited and QTN officers and board of directors have resigned their positions and have relinquished all responsibilities and affiliations.”
Fan immediately closed down the network’s Palm Springs offices, consolidating its operation at its studio in Burbank. He also sent a letter to shareholders saying the company was “positioned to prosper in the GLBT marketplace.”
Then, in an e-mail dated May 3 and addressed to more than 40 people working on the network, Fan said the company had simply run out of money and options.
“It is with deep regret, I must terminate your employment effective today due to the network’s inability to pay salaries,” wrote Fan in the e-mail. “As you know, since I have taken control of the company on March 7, 2006, I have worked tirelessly to secure funding for the company. All negotiations with potential sources have ended and there are no longer any options on the table.” Boyer of Gay Games VII said the event’s contract with Q Television was “structured in advance to ensure that any subsequent difficulties experienced by Q Television would not have a significant negative impact upon the financial strength of the 2006 Gay Games.”
Posted by HossTrader on :
Anyone know how you can write off this stock as a loss when you can't even sell the shares with a market order??? How can you write off a loss on a stock you are still holding??
Posted by Gordon Bennett on :
I believe you can declare it worthless if it's still impossible to sell it on December 31.
quote:Originally posted by HossTrader: Anyone know how you can write off this stock as a loss when you can't even sell the shares with a market order??? How can you write off a loss on a stock you are still holding??
Posted by imakmony2005 on :
HossTrader Member
Member Rated: posted May 18, 2006 04:06 PM -------------------------------------------------------------------------------- Anyone know how you can write off this stock as a loss when you can't even sell the shares with a market order??? How can you write off a loss on a stock you are still holding??
-------------------- I just want to make enough money to be eccentric.---------------------------------------------------------------------- -------------------------------------------------------------------------------- --- Hoss, just mail the cert to the IRS, Tell them to hold that baby tell the SEC does its job, then they can send you back the extra profit.lol
Posted by ullnvrknw on :
Gerntards do you really actually still believe this will ever go up???? Say bye bye
Posted by imakmony2005 on :
Hey thanks ullnvrknw i feel better. Even gave you a star,lol
Posted by Penny-Trader on :
no but im all for locking you up.
quote:Originally posted by Repoman75: Can we lock this thread? This is worse than seeing people who survived a tornado sit around and talk about how their house is in ruins.
Posted by manfromjax on :
quote:Originally posted by HossTrader: Anyone know how you can write off this stock as a loss when you can't even sell the shares with a market order??? How can you write off a loss on a stock you are still holding??
Just call you broker, they will sell it for you. Of course you may have to pay them for the trade. I know that my broker in the past gave me a free ride on several worthless companies.
Posted by noah129 on :
howdy all it certainly looks like this is the end of the road but and i say but very cautiously as to not sound and act over op-ish (obnoxiously positive) i will not try and sell my shares. i beleive that we have about a 1 in a million chance of this ever going up but i will hang onto my shares until they reverse split them away or go bankrupt officially. i wish all of you the best of luck and good health as well.
sincerely your qbidiot.
oh and by way if we are counting how much we put in i put in 35k+ but i dont consider it a loss just yet hehehehe a guy can dream it is still legal.
Posted by Intimatrader on :
Hmmmm.. I will buy 5 million on monday ....I know the company is busted , has deep financial problems and is in need of help .....But I think a gay network could do well with a boost ....which might come from known gay celebs and sucessfull gay business owners ...their not out of business ..just broke ........I will take the chance .......I smell hope here ! Posted by imakmony2005 on :
Your smelling something Intimatrader, But i think its Franks AZZ not hope, But im gonna hold till the end which might not be to far away.
Posted by Gordon Bennett on :
Warning: I dumped mine at .00006 a while back. I've since heard you can't even sell it for that anymore.
quote:Originally posted by Intimatrader: Hmmmm.. I will buy 5 million on monday ....I know the company is busted , has deep financial problems and is in need of help .....But I think a gay network could do well with a boost ....which might come from known gay celebs and sucessfull gay business owners ...their not out of business ..just broke ........I will take the chance .......I smell hope here !
Posted by logical buyer on :
You can't.
quote:Originally posted by HossTrader: Anyone know how you can write off this stock as a loss when you can't even sell the shares with a market order??? How can you write off a loss on a stock you are still holding??
Posted by firefly on :
Frank and his co-horts sure had a great party. This is dead imo. Go out and have some fun. I am Posted by mjm2005 on :
quote:Originally posted by logical buyer: You can't.
quote:Originally posted by HossTrader: Anyone know how you can write off this stock as a loss when you can't even sell the shares with a market order??? How can you write off a loss on a stock you are still holding??
You're wrong.
Posted by mjm2005 on :
quote:Originally posted by imakmony2005: Your smelling something Intimatrader, But i think its Franks AZZ not hope, But im gonna hold till the end which might not be to far away.
Didn't they announce bankruptcy? I thought it was over already. Mike, I don't even care anymore. I have so much other **** to deal with and this effing stock has been a pain in my side for such a long time. I despise this company, this stock, Frank Olsen, and myself for investing in it...
I just feel bad for those who actually lost a lot of money (much more than me). And I know I shouldn't be *****ing, but I am... I don't care.
Ahhhhhhh
Posted by imakmony2005 on :
MJM, Whats up? No frank are fan are whoever has not filed the BK paper work yet or the R/S but im sure its coming.
Posted by mjm2005 on :
Imak... PM
Posted by skrewball on :
Hell, there was a group of my friends in on it...
Friend 1: About $50k Friend 2: About $45k Friend 3: About $2k Me: About $13k
We had delusions of early retirement!
Posted by Rich735 on :
Delusions here too skrewball...Lost $14K
Posted by imakmony2005 on :
Well guys its over a fellow poster just had me check the channel and heres what it said, THE OTN CHANNEL HAS DECIDED TO NATIONALLY STOP BROADCASTING. ALL OTN SUBSCRIBERS WILL AUTOMATICALLY RECEIVE A CREDIT ON THEIR STATEMENT. THERE IS NO NEED TO CALL COX IN ORDER TO RECEIVE THE CREDIT.
Posted by Penny-Trader on :
ouch
well
there you go.
he is liquidating and taking back his money and the hell with the rest of us.
way to go fan.
Rod
Posted by MikeC on :
Now....will somebody pleeease turn out the lights?
Posted by MikeC on :
Delete this sonofabetch Bob!!!
Posted by Dustoff101 on :
Even tho many of us have battled for so many months against one another,,,, I do not take any gratification from this..I at one time thought I might, but not anymore, what a waste.
You folks got a bum deal...
I suppose seeing arrests made will give some a little satisfaction, but the reality of the loss has got to be difficult to deal with in the coming weeks..GLTA
Posted by Aleks on :
So the party in Vegas is off?
HAHAHHAHA
that was some funny shiit!
I lost 200 bucks on this one.
I feel bad for those that lost much much more, but to tell you the truth, those that lost much much more should have known better than to invest so much money in a penny stock.
Penny stocks are meant to be ridden up and down on a swing/daytrading position.
So I have lost 200 bucks on this one but I have made thousands on others.....
Posted by firefly on :
I think we should still have a party in Vegas. At least the craps and blackjack are regulated. Think it would be fun.
Posted by Penny-Trader on :
those who lost more could afford to loose more.
plain and simple.
I only invested what i was comfortable in loosing.
i have said that from the very beginning.
I will not have a hard time moving on from this.
it was what i wagered and it is what i lost. not a big deal.
I have toys worth more then i invested in this.
those of you that are making posts and going HA HA are really showing your maturity level!! good for you.
you are the ones that i really feel sorry for. because what you do today and how you treat people today may come back to haunt you tomorrow.
Mike C
Can you tell me why you feel this thread needs to be deleted?
the company is not bankrupt and you can still buy and sell this stock
why you would buy is beyond me, but it still can be purchased and sold
Bob knows how to handle his board, and i fully expect that he will handle it the way he wants to.
Dustoff nice to see that you are still reading.
I'm not worried about arrests. they made an honest effort at making this thing fly, they just made some stupid decisions along the way. Frank did not walk away with millions of dollars in his pocket, they used the diluted shares to try and keep this pig afloat. We where the private financers, that is why he could not name them.
We died when we stopped buying them up when we started realising what was happening. he did not have a financer die, he financers started getting wise to what he was doing.
it is really too bad. as this would have been the better of the the 3 channels if they where able to succeed. The talent put this together under a shoe string budget. could you imagine what this could have been is they where given a proper budget to work with.
You gotta hand Frank the credit, he did find all the right people to make this work. he just didn't allow them to do it.
he had his nose involved into way too many things that he would have been better off letting his skilled people handle.
so in short he was the success and the demise of this company.
i don't regret investing in this company nor will i ever regret it.
I learned a lot about Gay people and thier rights. and i was a very anti gay person prior to my investment.
I learned a lot about the Television world and what is involved in getting on the air and better yet staying on the air.
I have learned that Penny stocks are both fun and dangerous, and i have learned that most that want you to think they know all about pennies, really don't know jack.
there is no skill in pennies, there is only luck.
I have learned how to read prs and what they are really saying.
learning always comes at someones expense. What you do with that knowledge is your true fortune.
I have met some really great people on line here and i have met some people that i never care to meet.
This has been great entertainment for sure.
I feel for those that have gotten them selves in too deep into this stock. It is sad but there are those that went into debt to invest in this company, and they will learn the biggest lesson of all.
Rod
Posted by firefly on :
Tax write off money will give me a weekend LOLOL.
Posted by imakmony2005 on :
Learning always comes at someones expense. What you do with that knowledge is your true fortune.Great post PT.
Posted by suzainiee on :
quote:Originally posted by imakmony2005: Well guys its over a fellow poster just had me check the channel and heres what it said, THE OTN CHANNEL HAS DECIDED TO NATIONALLY STOP BROADCASTING. ALL OTN SUBSCRIBERS WILL AUTOMATICALLY RECEIVE A CREDIT ON THEIR STATEMENT. THERE IS NO NEED TO CALL COX IN ORDER TO RECEIVE THE CREDIT.
OTN/QTN, whatever.
Posted by firefly on :
Hi suz, think we still need a Vegas party, excluding Fanky.
Posted by noah129 on :
so can anyone else confirm we are off the air? just being hopeful that maybe on some slight chance qtv is still a possibility.
good luck to all if this truly is the end it was a great ride a great dream and a very expensive experience that we will learn from.when i say expensive i mean on more than just a financial level. we invested our time and energy into hopeing reading conversing and plain out discussing this stock and company. i enjoyed so many of you and still hope i will one day meet many of you. for now i guess we watch and see what happens to our stock.
Posted by Doctoall on :
quote:Originally posted by firefly: Hi suz, think we still need a Vegas party, excluding Fanky.
Maybe we could have a pigroast and invite Frank, after all we will need something to roast Posted by Johnwayne on :
Guys - I am truly sorry for all of those that lost so much money and so many dreams in this. How far along was this network? Was there actually programs, movies, talk shows etc? If so what were ratings like? Or was it more in planning phase?
Posted by Penny-Trader on :
it was a full fledged network up and running. with news live talk shows 6 hours of live broadcasting a day.
They where on their way.
just a poor financially inadequate CEO
Rod
Posted by Johnwayne on :
Well it seems there target audience was small. Was the programming targetting gay/lesbians? That's what like 1-3% of the population? Might as well try an albino network or ex felon network. Not trying to offend, just can't see how an entire network can be so population specific and survive.
Posted by Penny-Trader on :
there are 2xc other in the us and one in canada that are doing fine seev you really are blinded about something
there are enough to keep these chanels a float.
The problem here was not the target audience, not the content of the sshow. not that that there was not enough support to succeed.
The problem was that Frank would mess up the carriage deals by just being present.
he should have stood aside and let the employees do thier jobs, and keep his nose out of it.
he was too much of a control freak.
Rod
Posted by Dew-it on :
Where the hell is Lloyd Fan the QTN/TMM savior? The great businessman with the great plan and vision, and his group of private investors? Where is the master plan? Oh, I see this is their master plan….
Does he no longer feel obligation to keep investors informed? The fact that QTN lost Gay Games to LOGO should have warranted a PR. The fact that all employees have been let go should have warranted a PR. The fact that QTN cannot find investors should have been PR’ed. The fact TMM has filed for 10:10000 R/S should have been PR’ed. The rumor that Carol Hinnat has bee let go should have been PR’ed or at least corrected if untrue. Oh, wait a minute how can Lloyd PR? He fired/let go Richard Brown, so we no longer have a IR POC.
I guess Frankie, I mean Lloyd will have to write his own PRs now. I am curious to know what kind of twist this POS stock and its incompetent management will dream up next to further continue to scam investors. The fact that this turd is still trading leads me to believe the Frankie/Lloyd intend to continue to fleece and scam investors.
The next great venture from Frankie/Lloyd will probably the Native American Channel. Some of you older posters here will remember, Frankie was given something like $3M from the govt funding – don’t ask me how he got it… If he scammed the govt – they will come after his azz, so that means that he is either in hiding or paid it back with the money he scammed from us - or we will be seeing the emergence of his other so called dream the POW-WOW Network, soon enough, IMO.
Posted by Dew-it on :
I have read on this thread several members saying that they don’t care that they lost "their" money and that "they" can afford to lose this money and this and that… IMO, that kind of mentality is completely foolish.
The first time this thing ran a couple of years ago, I was stupid enough and did not sell at.028. I finally ended up selling around .014 or so and I profited about 65K. Not a bad deal. However, like a dumb azz, I began buying this turd again and sunk in about 30K and I have watched it dwindle away to nothing. Some may say, well no biggie you are still up 35K. Call me greedy, but losing money is bullSh!t! - It has nothing to do with being able to afford it or not.. As the saying goes “a fool and his money are soon parted…” I guess in this instance I was/am fool and no one to blame for that decision but myself. However, the fact still remains that Frankie/Lloyd took MY money and that my friends is what really chaps my hide.
That’s all I gotta say 'bout that.
Posted by ptrs30 on :
Did anybody see the banners from google on the Q website? the new business plan I guess. LOL.
Posted by hagatha on :
Yeah, well, DirectTV has just added an entire channel for BABIES! BABIES fucryingout loud!
quote:Originally posted by Johnwayne: Well it seems there target audience was small. Was the programming targetting gay/lesbians? That's what like 1-3% of the population? Might as well try an albino network or ex felon network. Not trying to offend, just can't see how an entire network can be so population specific and survive.
Posted by Dew-it on :
I guess Lloyd thinks he can make a few cents from Google for every click on the banner... BRILLIANT!! Only 350 billion more clicks to go and he will be able to purchase the entire QBID A/S and then some. What a Master Plan. Way to go Frankie, I mean Fan the man! LOL!
This is so scamster classic. Some of you older posters or so-called QBID longs here must (or not) admit that this reeks of Frankie the Fraudster. The "longs" here probably remember when Frankie the Fraudster was selling QTN web page space several years ago for banner advertisement for chocolate covered pickles, vitamins, Chinese food restraunt discounts and a few others, which I can't recall. Hec, we even had Orbitz banner on the home page at one point in time.
quote:Originally posted by ptrs30: Did anybody see the banners from google on the Q website? the new business plan I guess. LOL.
What happened to the talk of the party in Vegas and all the cheesecake you can eat (lol). It amazes me no one has started a class action suit against this fraudster. I am sure he has all our hard earned money safe away in a trust so no one can touch it and he'll live the easy life. Him and his gazillion adopted children. really yanks my chain.
Posted by imakmony2005 on :
PAGE THREE?
Posted by suzainiee on :
quote:Originally posted by firefly: Hi suz, think we still need a Vegas party, excluding Fanky.
Hi Sam,
Sounds like a good idea to me!
Posted by U4TSAF2 on :
LOL
Posted by Ad astra on :
Hi All. Can anyone post the conference call transcript as well as the link to the audio? Thanks very much in advance.
Posted by Deg's wife on :
quote:Originally posted by Ad astra: Hi All. Can anyone post the conference call transcript as well as the link to the audio? Thanks very much in advance.
AA...what conference call? I think I missed something.
Posted by Ad astra on :
The one in the October 2005 time frame.
Posted by Doctoall on :
quote:Originally posted by Ad astra: The one in the October 2005 time frame.
The one where Frank talked about his not so dry dreams Posted by Ad astra on :
Yep! I want to get verbatim that filthy slob's words. Thanks in advance to anyone who might have them.
Posted by mjm2005 on :
![[Big Grin]](biggrin.gif)
![[Mad]](mad.gif)
I have only one thing to say. ![[Confused]](confused.gif)
![[Eek!]](eek.gif)
![[Roll Eyes]](rolleyes.gif)
![[Wink]](wink.gif)
![[Cool]](cool.gif)
![[Frown]](frown.gif)
![[Razz]](tongue.gif)
![[Smile]](smile.gif)
