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Posted by kt325ci on :
 
Q Television Network Signal Terminated
May 25, 2006 9:16:00 AM
BURBANK, CA -- (MARKET WIRE) -- 05/25/06 -- Triangle Multi-Media Limited (PINKSHEETS: QBID) and its wholly owned subsidiary the Q Television Network (QTN) announced today that Q Television Network is no more. Effective 5:30pm Central time, the Q Television Network signal broadcasting programming was shut down. Previously, the entire Q Television Network staff had been terminated.

Chairman and CEO Lloyd Fan stated that he was unable to secure funding for the network and therefore unable to meet the financial obligations of the company. "When I took over control of the network on March 7, 2006, the company was roughly 7 million dollars behind in payments to vendors; numerous lawsuits had been filed against the company and over $600,000 was owed to former employees. The financial challenges that the network faced proved too difficult and I was simply unable to turn around the network." Mr. Fan added, "Given the GLBT demographic and the success the network had experienced in distribution, I thought securing funding would be easy -- I was wrong. I am deeply disappointed that the network failed. Many talented people devoted themselves to saving the network and it is sad that it has come to this end.

"I would like to thank the cable affiliates, our uplink provider, all the vendors and the staff that supported my takeover. I had hoped to make good on all the debts incurred and owed by the former management team and truly thought that the new team, with proper funding, could make Q Television Network a success. My sincere apologies to all individuals and businesses that have suffered because of their affiliation with Q Television Network." A full forensic accounting and bankruptcy proceedings will follow.

About Q Television Network:

Q Television Network is a 100% wholly owned subsidiary of Triangle Multi-Media. This 24/7, premium television network is organized to create, develop and feature television programming for the gay and lesbian community, including live & interactive content every weeknight, plus sports, information and entertainment. While the company expects much of its subscriber base to be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public.

The company's programming is available on a subscription basis to those desiring to subscribe. The monthly fee varies by region of the country. The network is telecast 24 hours per day, 7 days per week and features a variety of live and original programming. Q Television is available on such blue-chip cable systems as Time Warner, Cox Communications and RCN, among others, with availability approaching 3 million digital cable households in the U.S. Q Television Network is the official network of Gay Games® VII. The network is also ad-supported. For further information on programming and subscriptions, please visit www.qtelevision.com.

Safe Harbor Statement

As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the television network's ability to execute its business model and strategic plans; and the risks described from time to time in the company's Securities and Exchange Commission filings.

Contacts:

Lloyd Fan
fan*qtnasia.com
 
Posted by kt325ci on :
 
I thoughts go out to all the shareholders that got burned.
 
Posted by dkinvest on :
 
Doh!
 
Posted by BULListic on :
 
Chairman/CEO must be hurting this morning....185 Billion shares times ZERO = $ZERO$ [Roll Eyes]

Finally all the Qbidders can sleep at night knowing the dream won't come true or the nightmare has ended. The King is dead, long live the King!
 
Posted by juice on :
 
LOL i still have 1Mill shares of qbid that just dwindled to nothing in my account.... what a piece of garbage
 
Posted by HossTrader on :
 
We had a TV channel?!?!
 
Posted by RockLobster on :
 
LOL.. who would have thought...
 
Posted by DIGDOUGH on :
 
Hurry every body, lets get over to the fight network, their sports are some of the fastest growin gin popularity in the world. And they will come to the US soon. This stuff is hot.
I have 11 million QBID shares to try to right a tax loss on.
 
Posted by JoeMillion on :
 
sorry guys

Joe
 
Posted by justplayin on :
 
CMKX = QBID

And everybody bashed me because I compared the two.
 
Posted by DIGDOUGH on :
 
I still think Frank should do time for the way he handled this. His name should be Fra ud instead of Frank.
 
Posted by realperson on :
 
RIP
I made many many thousands in QBID 2004
It gave me the money to trade
2.5 cents from .0006
That was a very good year
 
Posted by Esteban on :
 
Justplayin,
I gotta' play one upmanship with you <G>
CMKX=QBID=IBZT Same style of managment.
Sorry for all who were still holding at the end.
Steve
 
Posted by Doctoall on :
 
Bump
 
Posted by deepockets on :
 
That was an expensive lesson. Don't hold pinks unless they are free shares. Man did I get burned!! Yeowwww!!!
 
Posted by Repoman75 on :
 
This is like watching the last days of the Third Reich... the Reichstag has been taken.
 
Posted by skrewball on :
 
This was one of the first long term stocks I ever bought. So many opportunies to make so much money. Instead of buying and selling. I just held. Always with the delusions, making 100's of 1,000's of dollars.

Lesson Learned! Thanks Karma!
 
Posted by freebird68nj on :
 
Thankfully mine were free shares too from '04. Still showing a paper loos is OK, that is if I have any gains enough to offset when I bought back in.

Anyway, lets focus on the next possible big one, does anyone have any good picks for 06??
 
Posted by freebird68nj on :
 
BTW - who would still be trading? I still see volume for the day?
 
Posted by casper on :
 
IMO Somebody will buy this bankrupt company.
 
Posted by letitrideboy on :
 
morons
 
Posted by letitrideboy on :
 
I meant the people still buying this!! lol not any of you! I still have 1 million myself lol
 
Posted by DIGDOUGH on :
 
quote:
Originally posted by freebird68nj:
Thankfully mine were free shares too from '04. Still showing a paper loos is OK, that is if I have any gains enough to offset when I bought back in.

Anyway, lets focus on the next possible big one, does anyone have any good picks for 06??

BKMP-The Fight Network(all fights all the time)
these guys look poised to be a success as the only fight network in existence in one of the fastest growing sports on the planet. They are just hitting the UK from Canada and are expecting to be carried in the US shortly.
http://www.thefightnetwork.com/

click on subscribe now.
 
Posted by Rich735 on :
 
If someone does buy this company,do we have a stake in it?

quote:
Originally posted by casper:
IMO Somebody will buy this bankrupt company.


 
Posted by Dew-it on :
 
So Lloydster is filing bankruptcy for QTN. Does that mean we still own TMM? LOL! Remember QTN and TMM are registered as two diff companies. QTN has 75k shares registered. We have always only owned TMM, what's the bid deal? With or without QTN the QBID stock is valued at .0000 for the longest time anyways. Good riddance!

I wonder what scam Frankie and Lloyd are dreaming up next? These SCAMSTERS will surface again, under different aliases... mark my words.

Alrighty then, eff it!! Let's pick our azzes up, dust ourselves off, and move on.
GLTA.
 
Posted by BlindMellonChitlin on :
 
If those clowns surface again MAKE SURE that their sordid past is passed on to the new 'investors'.
 
Posted by justplayin on :
 
quote:
Originally posted by BlindMellonChitlin:
If those clowns surface again MAKE SURE that their sordid past is passed on to the new 'investors'.

Some posters long ago passed on info about Frankies crooked past and were labeled bashers. Some will never believe.
 
Posted by suzainiee on :
 
If I had pockets lined with $$$ and already owned many televison networks, I would buy QTN, wouldn't you?

Somebody is going to make the deal of the century off of this fire sale.
 
Posted by Dew-it on :
 
I know...

"Some posters long ago passed on info about Frankies crooked past and were labeled bashers. Some will never believe. [/QB][/QUOTE]"
 
Posted by realperson on :
 
quote:
Originally posted by Dew-it:
I know...

"Some posters long ago passed on info about Frankies crooked past and were labeled bashers. Some will never believe.

" [/QB][/QUOTE]
Yea did they ever and he was so 100% right and it was so obviously a pump and dillute. He started a whole thread with all the info from when Frankie did this to all the first time. He probbaly is still here a lot of people change thier names
Are you out there.??
 
Posted by Kevin from NYC on :
 
oh well... so much for that. I was on the show once... At times it was fun... Good luck too all in what you do from here.

Kev
 
Posted by Jack-pot on :
 
No more next week (lol).
It's over.
RIP
 
Posted by suzainiee on :
 
Of course there is a next week.....still trading and bankruptcy 7 or 11.....the drama continues.
 
Posted by noah129 on :
 
wow so no cheezecake? i had given up a while ago psychologically about this ever working out but i always remained optimistic about eating cake and gambling our hearts away in vegas together. oh well many of us were suckered and learned big lessons. i sure did. i wish you all the best and my heart goes out to those that suffered during this adventure. i will continue to follow this company until i see it no longer in my account.

i am not suggesting anyone to buy but i will admit i couldnt help myself and i am into bkmp for 10 million. yet another tv station ehehe.
my rational is if one was a scam maybe the next will be for real. i can assure you all though when i get up on a micro i SELL. let the freebees ride but going all in and waiting is obviously a painful experience more often then not in pinky land. once again best of luck to you all and let the drama continue right suzieq haha. [Big Grin] [Big Grin] [Big Grin]
 
Posted by Kevin from NYC on :
 
I say we have a party anyway [Smile]
 
Posted by RWGATORBLUE on :
 
Glad I only spent $200 on this crap.
 
Posted by Aleks on :
 
^ me too...

I only gave up 200 bucks on this stock cause I smelled something fishy....

Oh whel, what are my options now to do a write off since I can't even sell now?
 
Posted by bottomfishing on :
 
Dew-it, i think that is an excellent question. TMM owns QTN as a subsidiary. fan didnt specify if tmm or qtn was filing for bankruptcy. not that it makes much of a difference, but we may still end up owning TMM if only QTN goes bankrupt. not trying to pump anything- that is actually a bad thing b/c that means that tmm will continue trading and we cant write it off for a loss

quote:
Originally posted by Dew-it:
So Lloydster is filing bankruptcy for QTN. Does that mean we still own TMM? LOL! Remember QTN and TMM are registered as two diff companies. QTN has 75k shares registered. We have always only owned TMM, what's the bid deal? With or without QTN the QBID stock is valued at .0000 for the longest time anyways. Good riddance!

I wonder what scam Frankie and Lloyd are dreaming up next? These SCAMSTERS will surface again, under different aliases... mark my words.

Alrighty then, eff it!! Let's pick our azzes up, dust ourselves off, and move on.
GLTA.


 
Posted by Deg's wife on :
 
I got a dumb question and won't blame anyone for not answering it, but here goes....
When Q shuts down everything, cos according to our Ameritrade account, the exact same shares are still there, not zero...why....I don't know how to put the question...how's come we can't have TMM? I guess that is close enough to what I am thinking. I have cranial inversion!! [Big Grin]
 
Posted by Deg's wife on :
 
quote:
Originally posted by Deg's wife:
I got a dumb question and won't blame anyone for not answering it, but here goes....
When Q shuts down everything, cos according to our Ameritrade account, the exact same shares are still there, not zero...why....I don't know how to put the question...how's come we can't have TMM? I guess that is close enough to what I am thinking. I have cranial inversion!! [Big Grin]

That should be anal cranial inversion...my brain must of been touching my colon somehow!!
 
Posted by Johnwayne on :
 
Sorry that things turned out this way for all of you.

I have an off beat question: Ever since I have been reading this thread(s) you guys have gone on and on about cheesecake. What is it with you guys and cheescake? I mean, I love cheesecake, who doesn't? But why the hang up?

Best of luck to all.
 
Posted by Penny-Trader on :
 
Any one that wants to get rid of your shares for nothing I will take them off your hands.

just pm me and i will tell you where to send them to.

rod
 
Posted by Penny-Trader on :
 
we had a poster here that makes Cheesecakes and was going to make cheesecakes for everyone that went to the party in vegas if this thing ever took off.

its long running joke.

Rod
 
Posted by firefly on :
 
Hi Rod,, I will sell you my 5 mill shares. What's your offer?
 
Posted by Penny-Trader on :
 
whats the going rate now? hows a nickle lol

i know its odd but they are not completely worthless yet because QTN went bankrupt.

QBID is not bankrupt, that we have been told of yet.

I will collect all your shares that you dont want.

hell for you though i will give you a buck per million.

then you can have the tax right off.

lol

Rod
 
Posted by goodboy on :
 
This is my first stock which I baught based on suggestions from this site. My Major part of investment was in this stock. I was optimistic till recently. But finally ...a nice lesson ... do your own research before any purchage decision. Pinksheet companies can say anything as they survive only by selling stocks.

My second major investment is SPZI which is now trading at 1/3rd of my purchage price.

I think I seriously need to rethink my purchage decision process. I am still optimistic for SPZI... but I was even optimistic for QBID... Let's hope for the best
 
Posted by firefly on :
 
quote:
Originally posted by Penny-Trader:
whats the going rate now? hows a nickle lol

i know its odd but they are not completely worthless yet because QTN went bankrupt.

QBID is not bankrupt, that we have been told of yet.

I will collect all your shares that you dont want.

hell for you though i will give you a buck per million.

then you can have the tax right off.

lol

Rod

LMAO
No way I get get my 3k write off on this bloated goat.

Then again I will sell you my 5 mill for 20k US.

Deal or no deal LOL [Smile]
 
Posted by Penny-Trader on :
 
you strike a hard bargain. lol
 
Posted by Ric on :
 
Hey Rod, Sam and everyone. I hate what happened here. Been out of the boards for awhile. My wife became very sick. She passed away a couple weeks ago.

I hope you guys didn't lose too much in this. I sold out and moved everything to stable stocks while I couldn't keep up with things so was out of this but I had many friends on here that was. I wish everyone the best.

One of the things I was trying to push in the past was that pinksheets be required to disclose at least every quarter the share structure and have to announce dilutions. It shouldn't be that hard to do and if shareholders would stand together to get it done then it would be a milestone in helping everyone to make informed choices. If won't make pinksheets less risky but it will make shareholders more informed.
 
Posted by noah129 on :
 
ric my heart goes out to you and your family. please know that your wife is in a good place and she is no longer in suffering. i truly wish you the best and hope that you feel well yourself. time heals all pain that you might be going through. again i wish you the best and if there is anything that i could do i will please let me know.

sincerely your freind noah a true qbidiot and now a new bkmpidiot hehe.
 
Posted by Deg's wife on :
 
Ric.....Our condolences and prayers are with you, my friend.

Mike and Robin
 
Posted by firefly on :
 
Ric, My thoughts and prayers are with you and yours.
Take care my friend.
 
Posted by Machiavelli on :
 
quote:
Originally posted by goodboy:
This is my first stock which I baught based on suggestions from this site. My Major part of investment was in this stock. I was optimistic till recently. But finally ...a nice lesson ... do your own research before any purchage decision. Pinksheet companies can say anything as they survive only by selling stocks.

My second major investment is SPZI which is now trading at 1/3rd of my purchage price.

I think I seriously need to rethink my purchage decision process. I am still optimistic for SPZI... but I was even optimistic for QBID... Let's hope for the best

I was telling this board for months on end to dump this horse that it would crash that it was only being pumped and dumped (and i was right).. hope everyone learned their lesson... and will for now on not buy based on tips, hype, etc.. etc.. do your own work/research/DD... anyways other then that.. my sympathy Ric about your wife...
 
Posted by casviper on :
 
someone bought at .001....(fat fingers I know) However, I hope they get stuck with it. How stupid. Any new buyers should listen to those of us stuck with this piece of shyt! RUN!!!!!!
 
Posted by noah129 on :
 
not very nice casviper. when everything is said and done then we can let this rest . until then there remains a miniscule chance that this could actually awaken one day. i have seen stocks that are bankrupt go up on speculation alone. i dont beleive qbid is going to be one of those but i am not selling for .0000000000001 or whatever i could get from a market order. good luck to you all. im into bkmp pretty big and i beleive it is the real deal this time. do your own dd on it though before purchasing. also a good way to not get shafted is to cost avg into a position. buy a bit where it is buy when it goes down buy on the way up. that way you dont go all in at the wrong time.
 
Posted by Penny-Trader on :
 
sorry to hear about your wife Ric. that is terrible.

i missed talking to you and was wondering how things where going with you.

Im really sorry to hear about this.

I lost only what i could afford to loose.

nothing ventured nothing gained.

no pain here. Im doing fine.

Rod

quote:
Originally posted by Ric:
Hey Rod, Sam and everyone. I hate what happened here. Been out of the boards for awhile. My wife became very sick. She passed away a couple weeks ago.

I hope you guys didn't lose too much in this. I sold out and moved everything to stable stocks while I couldn't keep up with things so was out of this but I had many friends on here that was. I wish everyone the best.

One of the things I was trying to push in the past was that pinksheets be required to disclose at least every quarter the share structure and have to announce dilutions. It shouldn't be that hard to do and if shareholders would stand together to get it done then it would be a milestone in helping everyone to make informed choices. If won't make pinksheets less risky but it will make shareholders more informed.


 
Posted by Doctoall on :
 
Ric: I am sorry to hear about your wife. But from what I know she fought a courageous fight though her illness for the life that she loved and for a husband that she cherished. She will be truly rewarded and you will also be rewarded for the care and love that you gave. I have no doubt about that.

Take care my friend.
 
Posted by jordanreed on :
 
My sympathy, ric...
 
Posted by MikeC on :
 
Lost my son on his 18th birthday Ric, January 29th...my condolences buddy.
 
Posted by suzainiee on :
 
Ric,

I'm so sorry that you have lost your wife.

You were such a comfort for her through all that
she has been through.

Hope that you and your children know that her life
touched many lives on this board.

Take care of yourself, too.
 
Posted by JimS on :
 
Ric, sorry to hear about your wife. Prayers are with you.

I have had a sell on this thing for the past 4 weeks for my 12 mil shares. Scottrade will only take limit orders for shares under a certain amount and then only four decimel points. Since they are only going to sell at .0001 there is not sense in even putting it there because if it every gets back to .0001 it may (lol) go higher.

I am not a basher or pumper. I do use Risk metrics as one of my tools when I look at a stock. It has been moderately accurate. What I notice on Q is that the risk metrics continues to go down 15 to 20 points a day (there is a negative coorelation - the lower risk metrics the higher the pps). I.e 4/18 it was 1566 and today it is 959. By history when Q was selling at .0002-.0004 the risk metrics was 700-800.

I don't get it. Any ideas?
 
Posted by Pennies to Dollars on :
 
quote:
Originally posted by Ric:
Hey Rod, Sam and everyone. I hate what happened here. Been out of the boards for awhile. My wife became very sick. She passed away a couple weeks ago.

I hope you guys didn't lose too much in this. I sold out and moved everything to stable stocks while I couldn't keep up with things so was out of this but I had many friends on here that was. I wish everyone the best.

One of the things I was trying to push in the past was that pinksheets be required to disclose at least every quarter the share structure and have to announce dilutions. It shouldn't be that hard to do and if shareholders would stand together to get it done then it would be a milestone in helping everyone to make informed choices. If won't make pinksheets less risky but it will make shareholders more informed.

Ric, it's been quite awhile since I last talked to you. I am so sorry to hear about your loss. I feel awful.
 
Posted by King Crimson on :
 
ric....best to you and kids, sorry for your loss....


looks like frankie ain't done....


FILE NUMBER I-200601812
Number of Names: 1
Business Name: S.O.A. BUSINESS SERVICES
Number of Registrants: 3
Registrant Name: ALOSI-GOLDMAN, DONNA
Registrant Name: OLSEN, FRANK
Registrant Name: SCHENK, RENE LOUIS
File Date: 5/23/2006
Expiration Date: 5/23/2011
Type: Co-Partners

http://riverside.asrclkrec.com/acr/OSfbn3.asp?BusName=&RegName=olsen,%20frank&Fi leNum=&Findex=-1644190053&buttonnum=1
 
Posted by Doctoall on :
 
quote:
Originally posted by King Crimson:
ric....best to you and kids, sorry for your loss....


looks like frankie ain't done....


FILE NUMBER I-200601812
Number of Names: 1
Business Name: S.O.A. BUSINESS SERVICES
Number of Registrants: 3
Registrant Name: ALOSI-GOLDMAN, DONNA
Registrant Name: OLSEN, FRANK
Registrant Name: SCHENK, RENE LOUIS
File Date: 5/23/2006
Expiration Date: 5/23/2011
Type: Co-Partners

http://riverside.asrclkrec.com/acr/OSfbn3.asp?BusName=&RegName=olsen,%20frank&Fi leNum=&Findex=-1644190053&buttonnum=1

New business with our "Q" money, so when will they start with pinkie shares? [Big Grin]
 
Posted by HossTrader on :
 
Anyone want to have fun with variations of what the S.O.A. in the "S.O.A. Business Services" stands for? LOL
 
Posted by Doctoall on :
 
quote:
Originally posted by HossTrader:
Anyone want to have fun with variations of what the S.O.A. in the "S.O.A. Business Services" stands for? LOL

Sorry Old A** [Big Grin]
 
Posted by Ric on :
 
Thanks everyone.

Looks like Frank won't stop here but thats how they all are in the pinks. They get by with it so why not move on to the next group to take money from.
 
Posted by DIGDOUGH on :
 
It seems like he still has a lot of people to answer to before he goes tiptoeing off into the tulips with his gang. Who does he think he is Alice Capone or somebody.
 
Posted by Doctoall on :
 
S = Schenk
O = Olsen/Olson
A = Alosi

Business Services
 
Posted by Ric on :
 
The easiest solution sometimes is the hardest to see. But looks like you got it Doc.
 
Posted by Ad astra on :
 
Why does the web page say ficticious in the header? And yes, I cant spell today. Leave me alone in advance. [Smile]
 
Posted by HossTrader on :
 
Wow, the sense of humor on this thread is officially and totally dead at this point. Bummer.
 
Posted by Optimus Prime on :
 
They are starting a ficticious business. That is one step below filing for a corporation or LLC.

Bast&$ds. I hope they fail.
 
Posted by suzainiee on :
 
quote:
Originally posted by King Crimson:
ric....best to you and kids, sorry for your loss....


looks like frankie ain't done....


FILE NUMBER I-200601812
Number of Names: 1
Business Name: S.O.A. BUSINESS SERVICES
Number of Registrants: 3
Registrant Name: ALOSI-GOLDMAN, DONNA
Registrant Name: OLSEN, FRANK
Registrant Name: SCHENK, RENE LOUIS
File Date: 5/23/2006
Expiration Date: 5/23/2011
Type: Co-Partners

http://riverside.asrclkrec.com/acr/OSfbn3.asp?BusName=&RegName=olsen,%20frank&Fi leNum=&Findex=-1644190053&buttonnum=1

Strange

??Last date site modified--5/4/06
File date 5/24/06

Does a tiger change its stripes?
 
Posted by Mr. Lava on :
 
And what ever became of those two blokes that supposedly went to the studios and returned with much bravado? Folks held on to shares based on those heartwarming reports. What a shame it is!
 
Posted by Deg's wife on :
 
quote:
Originally posted by Mr. Lava:
And what ever became of those two blokes that supposedly went to the studios and returned with much bravado? Folks held on to shares based on those heartwarming reports. What a shame it is!

I'd rather you teach me the rhythms of the universe!! [Big Grin]
 
Posted by Deg's wife on :
 
there Hoss...how's that for today's humor [Wink]
 
Posted by Doctoall on :
 
quote:
Originally posted by Mr. Lava:
And what ever became of those two blokes that supposedly went to the studios and returned with much bravado? Folks held on to shares based on those heartwarming reports. What a shame it is!

Bloke #1 right here Mr. Lava [Big Grin]
 
Posted by madmoney on :
 
Doctoall : now that this is officialy DEAD! why not take a little time and post excactly what happened on your visit?. I for one will hold nothing against you, you believed in this once so did many others if you were lied to or misled no one will be shocked. I dont recall you ever posting all you learned on your trip, i am shure you had your reasons but what difference does it make now!. [Wink]
 
Posted by Doctoall on :
 
quote:
Originally posted by madmoney:
Doctoall : now that this is officialy DEAD! why not take a little time and post excactly what happened on your visit?. I for one will hold nothing against you, you believed in this once so did many others if you were lied to or misled no one will be shocked. I dont recall you ever posting all you learned on your trip, i am shure you had your reasons but what difference does it make now!. [Wink]

I posted everything that there was to say regarding my trip, I did not hold anything back. I like others fell victim to the smokescreens of PR's and lies spun by Frank Olsen. If they put on a show for us who visited, then it was a 1st class production and a show that I took in hook, line and sinker. [Big Grin] Really nothing more to be said.
 
Posted by madmoney on :
 
understood! thanks DOC for your reply! and good luck with future trades!!
 
Posted by Mr. Lava on :
 
I understand, my friend. Hopefully your loses were minimal. It can be easy to be mislead at times. Just think of the 52% of Americans that voted for George Bush...
 
Posted by Ad astra on :
 
Ah Mr. Lava. Well, sure you know the saying about opinions. But let me go further, why dont you take your political talk to another forum?
 
Posted by Wangdo on :
 
just for shiits and giggles...

shares traded today

36,666,666

QBID -- Triangle Multi-Media Limited, Inc.
Com (No Par)
Primary Venue: Pink Sheets
Tier: No Tier

Best Bid: Unpriced
Best Ask: Unpriced

TRADE DATA Last Sale: 0.0001
Change: +0.00

Percent Change: +0.00
Tick: Down
Daily High: 0.0001 Daily Low: 0.0001

Opening Price: 0.0001 Volume: 36,666,666
Annual High: 0.0023
Annual Low: 0.0001
Dividend: 0.000 Earnings/Share: N/A
Previous Close: 0.0001 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 1.55


http://www.pinksheets.com/quote/quote.jsp?symbol=qbid
 
Posted by Penny-Trader on :
 
quote:
Originally posted by HossTrader:
Anyone want to have fun with variations of what the S.O.A. in the "S.O.A. Business Services" stands for? LOL

Sell over approved

shiitt Olsen Again

Still on Allstocks


Rod
 
Posted by Doctoall on :
 
The website for "Q" appears to have vanished.
 
Posted by milliam on :
 
That's interesting. I checked yesterday and it was there. I was wondering why though. I guess they took care of that.

Now what will happen???
 
Posted by Doctoall on :
 
quote:
Originally posted by milliam:
That's interesting. I checked yesterday and it was there. I was wondering why though. I guess they took care of that.

Now what will happen???

Guess they didn't pay that bill either [Big Grin]
 
Posted by milliam on :
 
I hate to bring this back up, but this is a real, real interesting article. Makes my blood boil. I've never thought that Frank ended up with nothing, and this sure supports that!

http://www.frontierspublishing.com/mag/index.php?o=art&article=557

Mad TV
Was the short-lived Q Television Networka victim of bungled management? Or was it merely a front for a much larger fraud?
BY DAN CULLINANE

Flashy, splashy, and loaded with marquee names like Steve Kmetko, Sandra Bernhard, Jack E. Jett, Reichen Lehmkuhl, and Honey Labrador, Q Television Network rose to prominence in the summer of 2005 with live original programming targeting the gay and lesbian population, broadcast in approximately 100 cities. Viewed as more original and cutting-edge than either Logo or here!, QTN was a scrappy underdog headed for top-dog status.

“It was exciting to be a part of an independent gay network,” recalls Jack E Jett, the host of QTN’s Queer Edge. “After having worked in entertainment for 25 years, I felt like was being allowed to be a part of GLBT history.”

But on May 3, 2006, less than a year after the launch, the staff received an e-mail terminating their employment due to the network’s inability to pay salaries. For the next two weeks, behind-the-scenes attempts to revive QTN continued, but the May 3 memo proved to be the last word. The story of QTN is a story of incompetence, greed, and possible criminal fraud, resulting in what some are calling the “gay Enron.” At the center of it is a man named Frank Olsen, a former Seattle bar owner with a shady past whom one associate referred to as “the Jabba the Hutt of gay media.”

A Sense of Community

In the autumn of 2005, the future looked bright.

“We were doing something cool, something special,” recalls a QTN staff member who asked not to be named for this story. “We had a sense of community. We were all in one building, and each show would hand off to the next.”

Drag queens mingled with go-go boys and porn stars as wild-eyed news staffers dodged through them with tapes for the live news feed, and sweet granny-types arrived for the knitting program taped in the rented studio next door. It was like “backstage at a gay Ed Sullivan Show,” the staffer says, laughing. “The only thing missing was a dancing bear, and in our case it would have been a fat hairy guy in a jockstrap.”

But according to sources inside QTN, mismanagement was rampant from the beginning. Decisions were made no more than 24 hours in advance to broadcast live from pride events or Halloween events, resulting in producers’ paying double or even triple to rent equipment and live trucks. Scores of attractive 20-somethings chattered busily on headsets as they were shuffled from job to job within the network, in search of something they could not screw up.
“People were promoted up,” Jett says. “They were hired to produce, and they were unable to produce, so they were made executives. There were people on the payroll who I never had any idea what they did.”

One QTN investor, who also asked not to be named, laughs as he talks about two of the network’s executives, vice president Scott Withers and senior executive vice president Alexis Fish: “Scott Withers was a store manager at Blockbuster before Frank Olsen hired him, and Alexis Fish ran errands on The Apprentice.” He pauses to check a memo on salaries. “Withers was making $29,300 a month, and Fish was making $11,300 a month.”

Olsen kept spending, and why not? The money was pouring in. From 2004 until the beginning of 2006, over 350 billion shares in Triangle Multi-Media (“QBID”) were on the market as penny stocks. Little is known about exactly how much money was generated, since financial statements for Triangle Multi-Media have never been released; the stock’s rapid dilution and infinitesimal share price (an average of $0.0003 per share throughout its life span) make calculations difficult. However, at the very beginning of the ride Triangle Multi-Media stated it had nine billion outstanding shares; the stock would go on to reach a high-water mark at $0.03. Any way the math is done, there was an amazing amount of money at stake—some estimate $100 million or more.

When an audit due on November 22 failed to materialize, investors grew nervous. While most people inside the walls of QTN were unaware of what was happening, Frank Olsen’s past was catching up with him.

A Shady Character

On investor message boards, word of Olsen’s felony-theft conviction in Washington state in 1986 was making the rounds, along with copies of his arrest report and conviction record. At the QTN studios, producers were hearing from vendors and it was clear that something was going wrong. A memo dated December 2005 detailed over $2.5 million in unpaid bills.

In December, Firestone—the production and uplink facility in Dallas which QTN had used prior to their move to Burbank—filed a $3 million lawsuit against Frank Olsen and QTN alleging fraud and breach of contract. According to the suit, Olsen had contracted with Firestone to use their production facilities for a raft of new shows, in exchange for Firestone’s assistance in securing distribution for the network. Payment to Firestone was to be in the form of 500 million shares of QTN stock, which would have granted them 50% ownership in the company. The suit alleges that once Firestone had secured the promised distribution for QTN, Olsen packed up operations and moved out of Texas without warning.

A week after the Firestone suit landed, Rodney Omanoff, an entertainment consultant hired by Olsen in April 2005, filed a $5 million lawsuit against QTN for nonpayment.

Nonetheless, Olsen steamrolled ahead, bringing on Sandra Bernhard as a cohost for Jack E. Jett at a salary of $20,000 a month, and spending a reported $100,000 to broadcast live from the Sundance Film Festival in late January.

On February 1, 2006, QTN failed to make payroll. It was a Wednesday afternoon, and Frank Olsen gathered the staff and told them there had been a mix-up at the bank, and that they would be paid on Monday, February 5. On Friday, February 3, Scott Withers told staff that production was halted. When Monday came they were told not to come to work. Vice president of sales and marketing Carol Hinnant, who initially agreed to talk on record for this story but who failed to return repeated phone calls, issued a statement saying that the network was on “hiatus” until February 13, but that staff was still being paid.

In actuality, on the 13th, a skeleton crew of 20 (out of over 100 former employees) was brought back in, given back pay, and assigned the arduous task of pulling together five hours of live programming.

On the 15th, QTN missed payroll again.

“We were close to walking out,” a QTN staffer recalls, “but we were told by Scott Withers and Alexis Fish that this guy Lloyd was going to push Frank out and take over. We had no idea who Lloyd was, and Frank was nowhere to be seen and no one could get him on the phone. We were told if we walked out we would screw the channel, so we worked five days without getting paid.”

An Attempted Turn-Around

On Monday, February 27, in a chummy press release full of excited burbling about the future, QTN announced that Lloyd Fan had been named interim president, while Frank Olsen remained chairman and CEO.

On March 7, a much more tersely worded press release noted that Olsen and all officers and board of directors had resigned, and that Fan was now chairman and CEO. A week later Carol Hinnant was promoted to president.

“Lloyd Fan had been an investor all along,” says the QTN staff member. “He’s given them several million dollars, and all of a sudden they can’t make payroll, and he says, ‘Hey, what about all the money I gave you?’ So he comes in and tries to recoup his investment before the network goes under.”

Fan’s first order of business was to quell investor anxiety that was approaching hysteria. He adopted a strategy of transparency and released the long-overdue 2005 financial records of QTN, which revealed total revenue of $9,000 against expenses of $7 million. This did little to allay investor concerns.

His next step was to release the financial statements of QTN’s parent company, Triangle Multi-Media, which hopefully would explain where some of the money had gone. This was where things went finally wrong.

Few records had been kept to explain where all of the investor money had gone, and those that were found pointed in a disturbing direction. According to two independent sources, expenses uncovered so far have reportedly included:
—100 82” plasma-screen TVs purchased at a cost of $20,000 apiece. Fan and Hinnant were able to locate five of them. The rest have vanished, although delivery records revealed that two had been delivered to Scott Withers’ house and two had been delivered to Alexis Fish’s.
—Titles to three cars that had been given to young men who were not employed by QTN.
—A 1099 report detailing payments of $1 million to Frank Olsen’s boyfriend, for unnamed services.

On April 5, 2006, QTN issued its last press release, announcing the failure to release financial statements of Triangle Multi-Media. The last line of the press release reads, “Despite the challenges presented by the continuing investigation into the financial situation, Mr. Fan remains optimistic about the viability of the network.”

A Grim Legacy

That optimism is now gone, and Lloyd Fan has returned to Taiwan. The question that remains is, did QTN fall victim to bad management and the gluttony of an aging gay man who used it to pay for a playground filled with young sex workers? Or was it just the latest scheme by Frank Olsen and his partners to bilk investors out of millions? QTN’s balance sheets for the six months after the fiscal year ending in June 2005 reveal an additional $8 million in expenses, giving the network a $15 million operating deficit by the time 2005 was over. But compared to the potential amount of money that was sunk into the company as investors clambered over penny stocks—and even to the $31 million declared on QTN’s balance sheet in loans from Triangle Multi-Media and other unnamed sources—millions upon millions of dollars are still unaccounted for. Was Frank Olsen’s extravagance an elaborate front to paint a picture of mismanagement in order to obscure a larger fraud?

“I don’t care what kind of village idiot you are,” says a QTV staff member, “you don’t see that you are $2 million in the hole and then rent three condos in Sundance and fly people there. I don’t know how he conned people into this, but he would always talk about the betterment of the gay community and then turn around and steal all this money.”

“In my opinion Frank knew how much he could make,” says an investor. “He has been doing this since 1999. He won’t get away with it. People will follow him. He will be hounded. I know people who can’t pay their mortgage because of him.”

“I’m relieved to know it’s finally over,” says Reichen Lehmkuhl, who struggled to the end to keep The Reichen Show alive, but the news of its demise filled him with “utter sadness.” “I lost my job,” he says. “I lost my show. I lost something I had been working toward with my heart and soul for over a year.”

“It was very sad,” concurs Jack E. Jett. “I so wanted to see the concept of independent gay television become a reality, and I wanted to be a part of it. On the other hand, the network had become the Terry Schiavo of gay television, and it was just lingering and leaving so many people in limbo.”

QTN terminated its signal on May 25.
 
Posted by Doctoall on :
 
Makes sense, now I know who owns the brand new BMW and new Mercedez with the temp sticker in the windows that were parked at "Q" in Burbank. Not to mention the 2 hummers. Frank I truly hope that they get you in Folsom Prison.
 
Posted by MillerTIME on :
 
Holy Cow...this cannot be let happen. Where is David Janas, where are the people that visitied the studios. Is this true doc that he has upgraded his cars. I dont doubt it.

Someone was selling millons of shares all the way down, and that comes out to way way way over 100M. Just do a quick count of 5B shares sold at .005 and you get a TON OF MONEY that was never used.

The only problem is that me included and most other qbid investor, have moved on and knock this one up as a mistake and move on. While leaving Frank olsen with probably well over and i mean WELL over 30 Million dollars. And please if people still want to come on here and stick up for frank and call me out then bless the lord.

I truely hope some other people are following this more closely and are close to taking frank down.

Hope everyone is doing ok and good luck in this tough market we are in.
 
Posted by Deg's wife on :
 
Not trying to keep this topic on the first page, but wanted to let everyone know how much I miss you all!! [Frown] It's really sad to open Allstocks first thing in the morning and not see any of the 'family' on here. Wishing you all the best! Hoping to try and stay in touch.
Robin
 
Posted by Penny-Trader on :
 
very sad that this is allowed to happen.

this is where the SEC should be stepping in.

Where are the governing bodys that set out the rules for stocks.

Im was not hurt by this situation, but i was hoping for a better outcome then this.

I feel for those that borrowed money to place on this dream.

Frank must look over his shoulder at every intersection, I would not want to be that man. his life is not going to be worth a whole lot.

350 billion shares represents a lot of piissed off people. one of them is going to want revenge on the fat man.

the funny thing about this whole situation is i have not found any banckruptcy filings for Q television network, or TMM.

if anyone has found them please post them.

Rod
 
Posted by Penny-Trader on :
 
I feel the same Robin

Rodney
 
Posted by realperson on :
 
One great lesson you can take from QBID is the importance of people that are labled bashers.
After QBID hit 2.8 cents many posters appeared posting facts about the # of shares and the past performance of Frankie O. One poster spent a lot of time researching the old QBID threads f4rom 1999 to 2003 and posted them on a seperate thread. He was labled as a basher etc etc and nasty little fights insued much like the NDOL thread. Seems like people believe that negeitive posts are the cause of a pink dumping.
It could be the so called bashers are the heroes
The picture they presented was very similar to the story above.
Dave says Thanks
 
Posted by imakmony2005 on :
 
Mr. Lava
Member


Member Rated:
posted June 02, 2006 02:47 PM
--------------------------------------------------------------------------------
And what ever became of those two blokes that supposedly went to the studios and returned with much bravado? Folks held on to shares based on those heartwarming reports. What a shame it is!

--------------------
I came here to teach you about the enchanting rhythms of the universe...

--------------------------------------------------------------------------------
Posts: 77 | From: Earth | Registered: May 2006 | IP: Logged |
BLOKE # 2 STILL HERE.
 
Posted by Esteban on :
 
Did anyone see/talk to Lloyd Fan? Is it possible he was a figment of Frank Olsen's imagination?
Steve
 
Posted by imakmony2005 on :
 
Mr. Lava
Member


Member Rated:
posted June 02, 2006 03:55 PM
--------------------------------------------------------------------------------
I understand, my friend. Hopefully your loses were minimal. It can be easy to be mislead at times. Just think of the 52% of Americans that voted for George Bush...
Hey i voted for bush.YA ME LAVA BOY.
 
Posted by imakmony2005 on :
 
Esteban
Member


Member Rated:
posted June 15, 2006 03:12 PM
--------------------------------------------------------------------------------
Did anyone see/talk to Lloyd Fan? Is it possible he was a figment of Frank Olsen's imagination?
Steve ( I THINK FRANK ATE HIM. THERE YOU GO HOSS,LMAO
 
Posted by HossTrader on :
 
Just read that article. What friggin waste. The product was actually looking good. The talent was there, everyone was motivated, and these jokers are buying $20,000 TVs and giving cars to his boy toys. (Granted, judging by Frank's pictures I would imagine it took REALLY expensive cars!)

I do miss the gang here, but I am on hiatus from penny stocks. (gotta love FX)
I think one reason this was so hard to give up was that the only thing that kept it from succeeding was total fraud.
Let's be honest, most penny stocks are not much more than PR's and a couple of websites. This had an actual product. In the right cities you could turn on the TV and check it out. If they hadn't been spending money on BS the whole time, we would all be sitting pretty right now.

They had the funding, the talent, and the market. I guess that wasn't enough for Frank and gang.

I hope everyone is doing well!
 
Posted by SuperSniper00 on :
 
I told you guys this was a POS. I got trashed for saying that.

But what do I really know right?
 
Posted by HossTrader on :
 
LOL Well, you get a gold star!
And all day tomorrow you can be the line leader! [Big Grin]
 
Posted by Rich735 on :
 
I hate Frank Olsen!
 
Posted by suzainiee on :
 
Hi all, will miss so many of the great folks on this board--you know who you are.

Rod,

I have searched for the filing too. No luck, yet.

How they will actually complete an audit without an accounting system in place is an even bigger question.

I also wonder what became of the equipment--liquidated to pay debts or all leased?

With investors focused on wondering if Mr. Fan would save the day for three months...what was happening behind the scenes?

Someone is probably writing the screenplay right now, and many are probably working on their "insider" book deals.

And, the saga continues.

Many have gone to jail for lesser crimes...

-------------

For the record, 52% of Americans don't vote.....probably, not even 52% of the registered voters vote either--sad.


Take care,
 
Posted by GoodFella on :
 
QBID rest in peace.
 
Posted by King Crimson on :
 
apparently next phase is under way with valcom vinny...

...interesting to see what is going to happen with the other "umbrella" entities...LBS and NTI....


ValCom Inc. Acquires Studio in Burbank, Calif.
Monday June 26, 9:30 am ET


LAS VEGAS--(BUSINESS WIRE)--June 26, 2006--ValCom Inc. (OTCBB:VACM; Frankfurt

XETRA:VAM), a Las Vegas-based entertainment production company, is pleased to announce the acquisition of Media City Studios, a 25,000-square-foot state-of-the-art production facility located in Burbank, Calif.


ValCom Burbank Studios was purchased June 1, 2006, for cash and stock. It is one of Burbank's finest television production facilities, with three edit bays, two sound stages and over 15,000 square feet of production support.

Blue Chip Client Base

"ValCom Burbank Studios' past client base consisted of: HGTV, D.I.V., History Channel, Discovery, Food Network, Sony Pictures T.V., PAX, MTV, Disney Channel, HBO, ABC, CBS, NBC, Sci Fi, GSN, Comedy Central, VH-1, FOX Television, Lifetime, over a period of 12 years," said Vince Vellardita, president and CEO of ValCom Inc., "and we will continue with these relationships.

"This turn-key, state-of-the-art facility was the home of 'Jeopardy' and the 'Wheel of Fortune' post production for many years. It will make our presence in the California market viable for filmmakers, television creators and entertainment executives," said Vellardita.

Growth Plan

"ValCom Burbank Studios has the necessary technology and space needed to create, produce and shoot all of our clients' programs. We are extremely pleased with the addition of this purchase because it brings us back to our grass roots and gives us a presence in both Los Angeles and Las Vegas,"

Vellardita said.

The newly acquired facility, ValCom Burbank Studios, will be available to rent to filmmakers, television creators and entertainment executives seeking a Los Angeles studio for production.

"This facility addition will assist in maintaining long-term clients and will support upcoming projects we have with Stan Lee of POW! Entertainment and entertainment industry producer Jeff Franklin," Vellardita concluded.

Based in Las Vegas, ValCom Inc. is a diversified and vertically integrated, independent entertainment company. ValCom Inc. creates and operates full-service facilities that accommodate film, television and commercial productions with four divisions comprised of: studio, film and television; live theater; camera and equipment rentals; and broadcast television.

ValCom's clientele list consists of majors such as MGM, Paramount Pictures, ABC, CBS, Sony, NBC, etc.


http://biz.yahoo.com/bw/060626/20060626005278.html?.v=1
 
Posted by imakmony2005 on :
 
FRANK WHERES MY MONEY???
 
Posted by Mr. Lava on :
 
Up his nose...
 
Posted by Dustoff101 on :
 
OMG it is soooooooooooooooooo painful to see this thread up...NOT LMAO! Crying here!

OMG when will it finaly go away!
Who did it? Monkey?
 
Posted by King Crimson on :
 
...and let's not forget about that wild card...Gulf State Holding Co.


LBS, LLC
NETWORK TELEPORTS, LLC
GULF STATE HOLDING COMPANY LLC

...same managers--FRANK W OLSON, RICHARD H SHINTAKU, VINCE VELLARDITA
Vince Vellardita. 48 CEO/Pres/CoB 2000 (19.71%) VALCOM, INC
Richard Shintaku. 56 Director 2003 (5.02%) VALCOM, INC

...same registered agent--TIFFANY KALAHIKI

...exact same filing times...


GSH Active on 12/12/2005 File Date: 9/22/2005 11:00:47 AM
LBS Active on 12/12/2005 File Date: 9/22/2005 11:00:57 AM
NTI Status: Active File Date: 10/21/2005 12:25:37 PM

https://esos.state.nv.us/SoSServices/AnonymousAccess/CorpSearch/CorpSearch.aspx
 
Posted by imakmony2005 on :
 
The King let us know.
 
Posted by Dustoff101 on :
 
Ya, Ok just read back up thru, good luck you guys.
 
Posted by Esteban on :
 
I certainly hate to bring this back up to page one of Allstocks....but my curiosity is getting the best of me. Perhaps some of you Qbiddians can help. My Ameritrade streamer shows 3,000,000 shares of QBID traded today, can that be correct?
Good luck to all,
Steve
 
Posted by imakmony2005 on :
 
Yes it is Esteban, LIKE THEY SAID THERE IS A SUCKER BORN EVERY MINUTE. I KNOW I WAS ONE OF THEM.
 
Posted by Rich735 on :
 
You aren't a sucker imak!

FRANK SCREWED US!!!!!!
 
Posted by imakmony2005 on :
 
Thanks Rich, Man i would love to see Franks azz in jail.
 
Posted by Doctoall on :
 
quote:
Originally posted by imakmony2005:
Thanks Rich, Man i would love to see Franks azz in jail.

Well Imak, you have a better stomach that I do because I don't ever want to see Frank's azz anywhere, anytime or anyhow [Big Grin] But I am sure that there would be others in jail who would love to.
 
Posted by firefly on :
 
Hi all. Good to see some old faces here.
I never spent overboard but boarderline.
Have small amount in another penny but staying safe.
(although my annuities got bit too. Waaaaaaa) LOL

Hoss guess were I am tonight. A little sand and clay.

Take care all and be safe.

Kindest Regards,

Fly
 
Posted by firefly on :
 
BTW, Olson and team played us like a fiddle.
KARMA
 
Posted by imakmony2005 on :
 
To funny doc, And howzit going Fly?
 
Posted by firefly on :
 
Hi monkey, doing fine. Sitting in my hotel making honest money. Working on the money pit (my house) and hitting the pub in my spare time. Hope you are hitting the waves buddy.
 
Posted by imakmony2005 on :
 
Sounds fun fly, yep been surfing and just remodled the kitchen,what fun.Hope all is well.
 
Posted by firefly on :
 
rip it good m [Smile]
 
Posted by keithNJ on :
 
this was a dud from the beginning,, who wants to watch a Gay channel ?? not me !!
 
Posted by firefly on :
 
logo and here is still on tv. management ripp.
 
Posted by firefly on :
 
quote:
Originally posted by firefly:
logo and here is still on tv. management ripped off.


 
Posted by milliam on :
 
So who sold them the studio? It had to be Fan right (if TMM if actually owned it)?

What about NTI and LBS...didn't TMM own them as well? Did TMM sell those off?

Is there any possible way to find these answers? I don't really see a good way with all the scamsters that are taking part in this. I would hope the SEC would be able to get these answers, but it sounds like they are way to slow to act.

On another note, rumor has it that Frank is loosing both of his legs to diabetes. Not sure if its true or he's just trying to get people to feel sorry for him. Rumor also has it that he's living in some big mansion on QBID property. Again, just a rumor as far as I know.
 
Posted by HossTrader on :
 
I know it is beating a dead horse, but talk about pissing away a great opportunity!!!


Corporate giants flock to Gay Games
Well-heeled, loyal consumer a winner for advertisers
By William Spain, MarketWatch
Last Update: 6:21 PM ET Jul 10, 2006


CHICAGO (MarketWatch) -- Even before any weights are lifted, laps swum or races run, the Gay Games VII is looking like a big winner.

With more than $10 million worth of sponsorships already in hand -- and the possibility of a few million more to come -- this year's version of the alternative quadrennial sports competition is already the all-time money champion for any gay event in history.

The Games, featuring a lineup of many of the same sports seen at the Olympics, runs July 15-22 after kicking off at Chicago's Soldier Field. The Games has attracted a blue-chip roster of companies eager to hawk their brands -- and no event to date is more indicative of how mainstream firms have abandoned any inhibitions about marketing to gays.

Among the hundreds of sponsors pouring cash and in-kind support into the Games are American Airlines, Walgreen, PepsiCo, Kraft, The New York Times, Cendant's Orbitz, Glaxo, Viacom's Logo television channel, Sirius Satellite, Disney's ESPN and Ernst & Young.

Individual sponsorships range from as little as $500 to more than $1 million, said Kevin Boyer, a board co-director of the Games. "We are already over $10 million and when all is said and done, we could be close to $13 million."
That is a record amount for a gay event as is the overall number of sponsors -- 317 and counting -- that have already committed "and they just continue to come in," Boyer said.
"Ten years ago [marketing to gays] was seen as a risk," he added. "Now it is seen as an opportunity. And this is a very unique event, a large event in a community and city that has been very supportive."

Indeed, Boyer expects that more than 100,000 people will participate in some way, as athletes, spectators or volunteers. Considering the 400,000 that turned out for the Gay Pride parade here last weekend, that estimate could be conservative. And the Windy City has rolled out the red carpet, with Mayor Richard Daley among the biggest boosters.

The athletic contests and the accompanying revelry should also attract considerable press coverage with the local NBC affiliate also a sponsor, a team from Logo in town and continuous coverage on Sirius.

Boycotts and letter-writing campaigns
Not everyone is enthusiastic. A handful of groups, including the American Family Association, has attacked the Games and attempted to pressure sponsors into bowing out with letter-writing campaigns and threats of boycotts. Their efforts have thus far have failed.

"The AFA has continued to try and intimidate companies but generally speaking, [the companies] have gotten to a place where they simply acknowledge the feedback and explain the reason for their participation," said Mike Wilke, executive director of the Commercial Closet Association, a group which works to educate advertisers on gay perspectives.
Wilke chalks up the determination of companies to stand firm to "momentum that has built over the years" and the fact that "they are increasingly comfortable in targeting the gay market," a well-heeled and loyal group. In addition, "the strength of employee groups in getting companies to support the market is substantial," he said.

Peter LaBarbera, executive director of the Illinois Family Institute, said he is not surprised at the level of sponsorships "because of the whole drift of the corporate culture in this area."

He added that the "they get a lot of free publicity and free goodwill [in the media] because of political correctness."
Groups like his have also been outmaneuvered, he conceded. "We focused on the political game and the gay activists focused on the corporations. They beat us to the punch."

Walgreen Co. was among the top targets of the anti-Gay Games campaign, with open letters to the company's and exhortations to contact it posted on multiple Web sites.
"We have gotten a lot of feedback," noted spokesman Michael Polzin, including a mass e-mail effort protesting the company's participation.
It has had zero effect, he said: "We committed to a certain level of support and that is what we are seeing through."

Other companies seem to have entirely escaped the wrath of the anti-games groups. "Nobody has said anything about our sponsorship," said a spokeswoman for American Airlines.
William Chipps, editor of the IEG Sponsorship Report, an industry newsletter, said that anti-gay and other pressure groups "do seem to have lost their power to a certain extent. Most corporations are now smart enough not to be scared by actions from small groups."
Strength in numbers

Companies are also realizing just how good a demographic they can reach by going after the gay market, which represents more than $600 billion in annual purchasing power, according to some estimates.
Gay media has been riding the wave for some time. In 2005, marketers spent just over $212 million in gay and lesbian publications, according to a survey by Rivendell Media. That is up just 2.5% from the prior year but almost 200% from 12 years ago. And ads are getting more focused.

Rather than simply repurposing mainstream ads, about half of those in the publications had "gay-specific" content -- a fourfold increase in just three years. Nearly 200 brands from Fortune 500 companies are advertising directly to the market.
And those kinds of numbers have helped insulate companies from any negative fallout.
"We have reached critical mass," said Howard Buford, founder and CEO of Prime Access Media, a multicultural ad agency in New York. "At this point, any kind of organized negative action is virtually untenable. In order to implement a [boycott], you have to have an alternative. Companies have found there is real strength in numbers on this."
Buford pointed out that events like the Gay Games can also reach far beyond a narrow demographic.
"Many companies go after the youth markets and this is one of the concepts they use," he said. And since many hot trends, from fashion to music to food, start in the gay community, "they can speak to the broad spectrum of younger consumers."

The Gay Games will cost about $9.5 million in cash and $10 million in in-kind donations to produce, Boyer said, and is targeted to generate net proceeds of $100,000 to $200,000.
In addition to sponsorships, they are getting revenue from registration fees, ticket sales, donations and special events. He expects 30,000 people to be on hand for the opening ceremony and thousands more to attend individual events. There are more than 30 sports and a couple dozen venues and admission fees from free to $15.

William Spain is a MarketWatch staff writer in Chicago.
 
Posted by imakmony2005 on :
 
F-ing FRANK! HEY HOSS HOWZIT?
 
Posted by HossTrader on :
 
Going good Monkey! How are things on the left coast?
 
Posted by Blue Marlin on :
 
Think maybe some might just be a bit hot under the collar right now? wow
 
Posted by imakmony2005 on :
 
Same old chit defferent day, Well we were right there was money to be made.
 
Posted by HossTrader on :
 
Yep, I guess someone else gets to make it this time around! [Smile]
 
Posted by imakmony2005 on :
 
YEP
 
Posted by Rich735 on :
 
Moved on to CHDT!

Screw Frank!!!!
 
Posted by jellybean on :
 
Why is Qbid still trading?
 
Posted by skrewball on :
 
When will this finally go under, so I can claim my losses? How does this work? Anyone know?
 
Posted by Doctoall on :
 
Any of the old posters still watching this thread? [Big Grin]
 
Posted by Relentless Despot. on :
 
nope
 
Posted by L on :
 
not me!
 
Posted by milliam on :
 
I watch it when it pops up.

QBID has been seeing some volume here lately. I think it was about 12 million yesterday and has been in the milliions for the last few days. Somewhat interesting.

I'm in with FHAL...wish I had my QBID money to throw into it.

Milliam
 
Posted by suzainiee on :
 
The games begin tomorrow.

Didn't find a broadcaster listed on the site--just commercials, videos and the games media center with state of the art equipment...maybe I did not search the site enough.
 
Posted by sunny on :
 
good to see all of the original Qbidders...lol

Was fun while it lasted. Wish I had bought more when it was 0008 (original buy in )...Ah if only...lol

Have a great weekend!
 
Posted by permanentjaun on :
 
I stop by once and a while to check things out. At least I learned something from playing this. If I didn't then I lost more than I actually invested. Matt
 
Posted by Peaser on :
 
Lotsa folks got scammed by pumpers on this, it's nice that not so blind pumping is being looked at under the microscope a tad bit more on other stocks.
 
Posted by Relentless. on :
 
The same games are still played..
The only reason the QBID pumpers dissapeared was because Frankie stopped paying them.
 
Posted by Peaser on :
 
Start the printin' presses!

It still goes on yes, but more folks are stepping to the plate to help support the good cause.
 
Posted by Relentless. on :
 
most of them moved over to BKMP.. some to GZFX and others scattered wherever their employers told them to.
 
Posted by Peaser on :
 
GZFX has been around for years too, diluting.
 
Posted by Peaser on :
 
I bought BKMP the other day and quickly sold fortunately.
 
Posted by Relentless. on :
 
yeah, they've been issuing the shares at a much reduced pace but still the same game.
I do however like to keep an eye on how the hoardes of paid promoters like to migrate.. eye opening to say the least.
 
Posted by Peaser on :
 
Sure is. Lotsa new alias' coming into the boards to be skeptical of as well.
 
Posted by T e x on :
 
I had no idea this was still trading...19m on Friday? unbelievable
 
Posted by Relentless. on :
 
yep, new screen names.. but the same old song and dance..
I think that glass is right though.. they seem alot more eager nowadays to resort to name calling and intimidation tactics.
 
Posted by Peaser on :
 
quote:
Originally posted by T e x:
I had no idea this was still trading...19m on Friday? unbelievable

Mainly in the fifth decimal place prolly.
 
Posted by Peaser on :
 
Yeah RD, they're prolly thinking up a new way though, now that they're being kicked out for that garbage.
 
Posted by Relentless. on :
 
here they are, but on other boards they are adored for such activity.
 
Posted by Peaser on :
 
Then there's former whli, now wnsh, and now they're trying to R/S again. Geez, they're on a < 1 year average R/S split rate.

Dilute, R/S, stock tanks, Dilute, R/S, Stock tanks, and the cycle continues.
 
Posted by Relentless. on :
 
Yep whli.. remember afrr? That one caught alot of people around here... I knew three guys who never traded stocks again because of that company.
 
Posted by Peaser on :
 
Don't remember that one. I got stuck in DDSI, now DVFN. Lost $1800 in that R/S.
 
Posted by IMAKEMONEY on :
 
LOL, And i lost more then most.
 
Posted by Rich735 on :
 
Maybe we will get back 10% of our investment. "Rumor" has it on RB(LOL) that Fan will turn QBID into a gay shopping network still.

They say we should hear something in Aug and the station running by Xmas!! WE WILL SEE!!!
 
Posted by IMAKEMONEY on :
 
That would be nice Rich, hope it happens.
 
Posted by milliam on :
 
Anyone see today's current volume? I wonder if something is up or something is just wrong with my streamer.

Right now, they are showing the volume at 75,701,000.
 
Posted by King Crimson on :
 
75,701,000 shares traded in 17 transactions for less than $500...

...that is less than $0.000006605 average price per share ....
 
Posted by Wangdo on :
 
hey KC....hows it going

whats been the $ amount for the past 2 months, it's been averaging about 10 mil a day.

sure wouldn't mind getting some at that price.lol
 
Posted by milliam on :
 
Wow, that's a low price. I watched it a few days on my "last sale" ticker and they would show .0000's and some .0001's. I was hoping that the .0001's were actually getting close to .00005.

Hmmm, I've got it...Fan is buying back shares! [Smile] With those kind of prices, he should have the whole float bought up in a few years and then we're back in business.
 
Posted by King Crimson on :
 
quote:
Originally posted by Wangdo:
hey KC....hows it going

whats been the $ amount for the past 2 months, it's been averaging about 10 mil a day.

sure wouldn't mind getting some at that price.lol

how ya doin' wangdo....waited to get final numbers for today to reply...

i have recorded every QBID transaction for months, and after May this thing has fallen off into near obscurity.

this symbol [ ~ ] means LESS THAN...allstocks does not like me using the 'left arrow'...

you have to look at each transaction value.
monday, 7/17/06 for instance, there were only 2 transactions of 10,000 shares each at .0000--for less than .0001. those transactions WERE NOT retail trades and were executed BELOW the retail threshold--between MMs.
the dollar value of 10,000 shares at less than .0001 == ~$1. all of the dollar volume for the day totals LESS THAN $2...with NO retail trades.


here's a look at 6/08/06...

09:30:12 0.00 -0.0001 10,000 ~$1
09:30:14 0.00 -0.0001 100,000 ~$10
09:30:15 0.0001 - 2,000,000 =$200
09:51:15 0.0001 - 2,000,000 =$200
10:46:42 0.00 -0.0001 2,500,000 ~$250
10:55:54 0.00 -0.0001 80,000 ~$8
12:43:53 0.0001 - 100 =$0.01 (one penny)
12:44:00 0.00 -0.0001 100 ~$0.01 (one penny)
12:53:16 0.0001 - 100 =$0.01 (one penny)

there are 2 retail 'buys' of 100 shares each--for ONE PENNY each. and one 100 share transaction for LESS THAN a single red cent. lofl
4 retail transactions = $400.02
5 'other' transactions = ~$269.01
with $vol = $0k or ~$500, the 2,690,100 shares traded 'other' than retail have a dollar value of LESS THAN $99.98 ($500 - retail $400.02).


here you go...fwiw....
[a dollar volume total of $0k means less than $500, as it is rounded up/down]
[a dollar volume total of $1k means between $500 and $1,499, and so on]
[close price is last RETAIL trade--not necessarily the last transaction]


_______close____volume__hi/lo $vol #trades (~avg price)
5/01/06 .0001 530,413,878 3/1 $40k #106
5/02/06 .0001 542,789,883 1/0 $43k #94
5/03/06 .0001 256,263,982 1/1 $25k #80 (.00009+)
5/04/06 .0001 192,152,621 1/0 $7k #31 (.00003+)
5/05/06 .0001 56,537,294 1/0 $4k #23 (.00007+)
5/08/06 .0000 154,750,297 1/0 $9k #33 (.00005+)
5/09/06 .0001 201,101,708 1/1 $8k #36 (.00004+)
5/10/06 .0001 76,184,001 1/1 $6k #20 (.00007+)
5/11/06 .0001 354,803,998 1/1 $14k #37
5/12/06 .0001 105,204,281 1/1 $6k #27 (.00005+)
5/15/06 .0000 140,459,576 1/0 $13k #42 (.00005+)
5/16/06 .0001 175,016,505 1/1 $13k #33 (.00007+)
5/17/06 .0001 129,677,935 1/1 $2k #15 (.000015-.000023)
5/18/06 .0000 188,832,994 1/0 $6k #21 (.00003+)
5/19/06 .0000 103,689,000 1/0 $5k #18 (.00004+)
5/22/06 .0000 67,828,898 1/0 $5k #24 (.00007+)
5/23/06 .0000 28,467,300 1/0 $1k #10 (.00003+)
5/24/06 .0001 91,394,399 1/0 $5k #18 (.00005+)
5/25/06 .0000 102,730,000 1/0 $3k #8 (.000029+)
5/26/06 .0001 49,434,399 1/0 $2k #18 (.00004+)
5/30/06 .0000 35,172,599 1/0 $1k #10 (.00002+)
5/31/06 .0001 37,069,000 1/0 $3k #15 (.00008+)


6/01/06 .0001 84,806,000 1/0 $3k #7 (.00003+)
6/02/06 .0001 34,950,699 1/0 $2k #12 (.00005+)
6/05/06 .0001 97,998,920 1/0 $0k #4 ~.000010204
6/06/06 .0001 36,666,666 1/0 $3k #7 (.00008+)
6/07/06 .0000 39,940,000 1/0 $4k #9
6/08/06 .0001 6,690,300 1/0 $0k #4
6/09/06 .0001 8,090,923 1/0 $1k #6
6/12/06 .0001 10,720,000 1/0 $0k #4
6/13/06 .0000 9,817,964 1/0 $0k #2
6/14/06 .0001 2,130,000 1/0 ~$213 #3
6/15/06 .0001 999,999 1/1 $100 #1 ...ONLY 1...
6/16/06 .0000 1,980,000 1/0 ~$198 #1
6/19/06 .0001 1,100,000 1/0 ~$110 #1
6/20/06 .0001 880,000 1/0 $83 #2
6/21/06 .0001 300,000 1/1 $30 #4
6/22/06 .0001 400,000 1/0 ~$40 #2
6/23/06 .0001 1,180,450 1/0 ~$118 #2
6/26/06 .0001 2,085,001 1/0 ~$208 #3
6/27/06 .0000 5,494,000 1/0 ~$549 #3
6/28/06 .0001 4,210,000 1/0 ~$421 #3
6/29/06 .0001 1,345,000 1/0 ~$134 #1
6/30/06 .0001 13,232,000 1/0 ~$1,323 #2


7/03/06 .0001 4,710,000 1/0 ~$471 #2
7/05/06 .0001 20,999 1/0 ~$2.09 #2
7/06/06 .0001 999,999 1/0 ~$100 #1
7/07/06 .0001 7,010,000 1/0 $1k #2
7/10/06 .0001 8,073,000 1/0 ~$500 #1
7/11/06 .0001 3,020,000 1/0 ~$302 #2
7/12/06 .0001 17,690,050 1/0 $1k #4
7/13/06 .0001 12,062,012 1/0 $1k #3
7/14/06 .0001 12,370,000 1/0 $1k #6
7/17/06 .0001 20,000 0/0 ~$2 #--no RETAIL
7/18/06 .0001 9,058,999 1/0 $1k #7
7/19/06 .0001 13,398,991 1/0 $1k #8
7/20/06 .0001 4,440,000 1/0 ~$434 #4
7/21/06 .0001 19,110,000 1/0 ~$500 #1
7/24/06 .0001 20,077,301 1/0 $1k #5
7/25/06 .0001 18,207,500 1/0 $2k #4
7/26/06 .0001 6,705,555 1/0 ~$500 #8
7/27/06 .0001 9,400,000 1/0 ~$500 #2
7/28/06 .0001 3,178,000 0/0 ~$317 #--no RETAIL
7/31/06 .0001 77,251,000 1/0 ~$500 #6 (~.000006472)


may ~$221k/22 days == ~$10,045

june ~$18,527/22 days == ~$842.14

july ~$13,128.09/20 days == ~$656.41
 
Posted by Wangdo on :
 
thanks KC...much appreciated
 
Posted by Ad astra on :
 
King-Excellent summation. Thank you. That ought to put things into perspective.
 
Posted by milliam on :
 
Looks like another big volume day. I'm still showing some trades going through at .0001. What the heck are they rounding from to get to that?
 
Posted by noah129 on :
 
this volume is weird probably we are still months if not years away from having a bid again of .0001 but im glad to see some volume anyway better than none.

long live qbidiots.

40 million long hahahahahhahahahaha man did i have the blinders on on this one.
 
Posted by Penny-Trader on :
 
hey gang. I have not been here for a long time.

i didnt realise there thread was still going.

nice to see some of the old names stopping by.

Sunny i havent seen her here in ages, nice to see her.

I have finally got my trip to Vegas. Im leaving on August 18th for a week. Im staying at the new Planet Hollywood resort. I believe it was the Aladin that had a major overhaul.

nice to see doc and imak and noah and king and wango and ad astra, and rich and millertime andDegs wife and hosstrader and suzaanie and goodfella. and anyone else i havent mentioned.

ill try to keep up from now on.

Rod
 
Posted by booya on :
 
one good thing about this going down----it took that flammer alias QBID down also lmao!!!!
 
Posted by permanentjaun on :
 
Howdy PT. Coulda, shoulda, woulda.
 
Posted by sneither on :
 
Can someone please tell me
"why Ameritrade has never
taken QBID off my portfolio
list"? It still says .0001
and I have a value of $150.00?
I was surprised to see this
symbol up on the board!

Hi everyone...
 
Posted by Rich735 on :
 
Hey Rod,been a long time!

Too bad we all weren't partying in Vegas like we planned!!! Damn Frank!!!

Get him SEC!!!!!
 
Posted by firefly on :
 
Hi ya'll. Hope all are having fun !!!
 
Posted by MoneyMoneyMoney on :
 
wow, this is still around!?
 
Posted by firefly on :
 
Thread is, That's about it.
 
Posted by Slug on :
 
Triangle Multi-Media Limited, Inc. and Q Television Network, Inc. Make Two Major Announcements
Monday August 21, 4:05 pm ET


WOODLAND HILLS, CA--(MARKET WIRE)--Aug 21, 2006 -- Triangle Multi-Media Limited, Inc. ("TMM") (Other OTC:QBID.PK - News)
1) Triangle Multi-Media Limited, Inc. and Q Television Network, Inc.
CEO, Chairman and majority shareholder Lloyd Fan appoints Anthony
(Tony) J. Gouveia as a consultant to develop and execute a business
plan that addresses the concerns of shareholders, creditors and
employees.

2) Triangle Multi-Media Limited, Inc. and Q Television Network, Inc.
announces sale of Triangle Multi-Media Limited, Inc. and plans for
Q Television Network, Inc.
In May of 2006, Q Television Network, Inc. ("QTN"), a wholly-owned subsidiary of Triangle Multi-Media Limited, Inc. ("TMM") (Other OTC:QBID.PK - News), ceased operations due to the inability to secure additional financing to cover the financial obligations of QTN. Chairman and CEO Lloyd Fan has worked diligently since March 7, 2006, the date of his appointment as Chairman and CEO, to develop and implement a business plan to save the network. "When I took over control of the network, the company was roughly $7 million behind in payments to vendors; numerous lawsuits had been filed against the company and over $600,000 was owed to former employees. The financial challenges that the network faced proved too difficult and I was simply unable to turn around the network. I am deeply disappointed as many talented people devoted themselves to saving it.

ADVERTISEMENT





"I would like to again thank the cable affiliates, our uplink provider, all the vendors and the staff that supported my takeover. I had hoped to make good on all the debts incurred and owed by the former management team and truly thought that with the new team and proper funding, QTN could have succeeded. My sincere apologies to all the individuals and businesses who have suffered because of their affiliation with QTN.

"Even though we ceased operation as a network, I wanted to find a way to help shareholders, creditors and employees recover some of their investment in QTN. I have never experienced a business failure in my career and I want to do everything possible to help everyone that believed in QTN, and who invested their time, energies and resources as shareholders, creditors and employees. For this reason, I appointed Anthony (Tony) J. Gouveia as a consultant in July 2006 to help me restructure TMM/QTN. Mr. Gouveia's financial expertise, experience, impressive communication skills and understanding of the tools necessary to manage complex transactions will be invaluable. His extensive accounting background, his experience as a dynamic senior financial executive and his unquestionable character and integrity as a CPA for 20 years make him the ideal person to manage this process. Mr.Gouveia has held various positions in public and privately held companies as CFO, Vice President of Finance and Corporate Controller. He spent several years as an auditor for large international accounting firms. Tony has my full support. I will remain involved in all business decisions with Tony's assistance. I want to thank Tony for taking on this difficult task."

Mr.Gouveia responded, "I'm very impressed with Mr. Fan's commitment as CEO and Chairman. He took over at a difficult time when things were totally hopeless. He has committed a significant amount of his time and resources to try to save this network. I admire and respect what he tried to do, and I know there are many others who feel the same way.

"I have been assisting Mr. Fan with his Taiwan-based company, QTN Asia, in which I own an interest. This is a new marketing and distribution company of high end consumer products. This company will provide an innovative sales and distribution channel for consumer products to the United States. We will offer the highest quality products at a significant discount directly to the consumer. This is a complete overhaul of the current business model every retailer, wholesaler and importer is using today. We are currently working on obtaining the necessary financing to launch this company. Mr. Fan is a very creative and innovative businessman who believes strongly in always conducting himself with integrity and that convinced me to work with Mr. Fan on this mission."

Mr. Fan added, "My dream is to consolidate the GLBT community strength and buying power, to use part of the proceeds to support local community events and to communicate an agenda to educate others to spread peace, love and equal rights.

"The unfair treatment to the vendors, shareholders and QTN employees was painful for me to bear, and thanks to the thousands of supporters and community leaders whom have rallied behind me, I'm able to find the strength to move forward and to find the best solution for all of us."

Mr. Gouveia added, "I have had no previous involvement with TMM, QTN or any other company associated with TMM or QTN. At no time was I a shareholder, creditor, employee or consultant prior to July 2006. Furthermore, I have had no personal relationships with anyone associated with TMM, QTN or any other company connected with TMM or QTN, except Lloyd Fan. I was introduced to Mr. Fan in May 2006 as a consultant who might be able to assist him in this process.

"It is very disturbing to hear some of the circumstances surrounding what happened at TMM and QTN prior to Lloyd's appointment as CEO and Chairman. We will consider all possible actions going forward to determine what went wrong, which could include a forensic accounting of all the various transactions that we believe require further investigation."

Triangle Multi-Media Limited, Inc. and Q Television Network, Inc. announces sale of Triangle Multi-Media Limited, Inc. and plans for Q Television Network, Inc.

Mr. Gouveia stated, "We are very pleased to announce the proposed sale of TMM to Cinemax Pictures and Production Company International, Inc. (Canada) ('Cinemax Pictures'), pending completion of due diligence and shareholder approval. Cinemax Pictures is not affiliated with Time Warner Entertainment. The sale of TMM will be an all-stock deal. TMM shareholders will receive 20% of Cinemax Pictures on a 'Pro-Rata' basis.

"Cinemax Pictures is a production company that has three distinct lines of business. First, Cinemax Pictures owns a reality television show that will be shown to 18 television networks. Cinemax Pictures expects to get this syndicated and to start generating revenue. The reality show is called 'Three Patriots and a Wagon.' It is a comedy drama that explores the relationship between a Native Indian and a 'Pale-Face' who has an intricate knowledge of law. Second, Cinemax Pictures owns six movies that are in different stages of production. Cinemax Pictures considers these movies to be blockbusters, not only because of the actors and actresses that have signed on, but because of the scripts that have been reviewed. The movies range from comedies to action-thrillers. Finally, due to Cinemax Pictures relationships and contacts throughout the industry, Cinemax Pictures has the opportunity to provide bridge-financing (or 'gap-funding' as it is referred to in the industry) to movies that go over their production budget. Cinemax Pictures will take a large percentage of the rights to the movies and will receive a return-on-investment once the movie has completed production and is sold to a distributor.

"Cinemax Pictures is committed to its new shareholders and it is interviewing a number of investor relation firms to keep the shareholders abreast of all the new developments. Cinemax Pictures' website is presently under construction, but it is expected to be revamped within the next month.

"Mr. Fan and I are both committed to supporting Cinemax Pictures. After the sale is completed, I will be a Director."

Mr. Gouveia added, "Mr. Fan and I are currently reviewing what will be the disposition of QTN. We will communicate our intentions when this process is finalized. The possible solutions under consideration are to sell QTN or to reacquire assets that may legally belong to QTN in order to pay off creditors and employees. We will consult with our attorneys on the proper method of accomplishing the above.

"We have negotiated a deal with the Obion Group. They are in the process of purchasing a shell company to reverse merge with. This will be a publicly traded holding company. This company will focus on a number of different fast food restaurant chains with products ranging from: Chicago Style Hot Dogs, Fish & Chips, Pizza, BBQ, Hamburgers, Spuds, Gyros, Hot Wings, Oriental, Tex-Mex, Vegetarian, Salads, and Diabetic eateries. The first of these fast food restaurant chains is Chicago Style Hot Dogs (a Nevada Corporation) which is being test marketed in Texas with two operating establishments. Furthermore, the Obion Group owns an interest in a virtual reality technology company and will explore opportunities in the resorts/destination industry. The Obion Group will set aside 25 billion of its authorized shares for the TMM shareholders. There will be a distribution of these shares on a 'Pro-Rata' basis at no cost to the TMM shareholders once the Obion Group is approved for public trading.

"The purpose of the distribution to TMM shareholders is to assist shareholders in recouping some of their losses. There is no requirement to invest in the Obion Group.

"Mr. Fan and I will be Directors and we will have an ownership interest in the Obion Group and all related businesses.

"Mr. Fan and I have formed a recovery team for two reasons: (1) to determine if there are assets that can be reacquired that rightfully belong to QTN, which may include a forensic accounting of all pertinent records associated with these assets; and (2) provide shareholders other opportunities to recover their investment. The cash value of all assets that may be acquired, less administrative costs and fees, will be used to pay-off creditors and employees. We will set up a website that will periodically be updated to provide all concerned with the status on our progress. This website will also be a vehicle for communicating information to us that might be used to assist us in this process."

Mr. Fan stated, "I'm very excited about what Tony has been able to accomplish. Tony did an outstanding job and exceeded my expectations. Everyone involved with these transactions was impressed with his significant skills and experience. He worked 24/7 to make this happen as quickly as possible. I fully support and approve of everything that he was able to accomplish."

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "anticipated," or "may," and similar conditional expressions, are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; and the price of the company's stock. Triangle Multi-Media, Q Television Network, Cinemax Pictures and the Obion Group take no obligation to update or correct forward-looking statements and also take no obligation to update or correct information prepared by third parties that is not paid for by the companies.


Contact:
Investor Relations:
Website: http://www.cinemaxpictures.com
 
Posted by freebird68nj on :
 
will there be a pulse again????
 
Posted by Magfam on :
 
NEW THREAD STARTED QBID RESURRECTION!
 
Posted by MoneyMoneyMoney on :
 
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/ t/024002/p/1.html#000011
 


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