posted October 29, 2004 12:01            

Firestone Communications Signs Q Television Network for Production and Network Origination Services

Agreement Further Diversifies Media Company, Creates New Jobs for North Texas

DALLAS / FORT WORTH - October 26, 2004 - Firestone Communications, Inc. (FCI) has signed Palm Springs, Calif.-based Q Television Network (Q TV) (Pink Sheets: QBID) to a long-term network origination and production agreement. Under terms of the agreement, FCI will make Q TV's programming available via FCI's uplink to the Intelsat America 7 satellite. FCI also will produce long-term Q TV programming, including a three-hour live weeknight block consisting of a talk show, news program and sports show, in addition to a biography series and various other programming. FCI is a privately held media and communications company based in Dallas-Fort Worth, Texas.

The Q TV agreement illustrates the breadth of services and expertise that FCI offers television networks requiring full-service, network origination and production capabilities. Although based in California, Q TV sought a media and communications partner able to provide a state-of-the-art digital teleport for satellite uplink and master control, in addition to a fully functional creative and production facility and staff. FCI will produce and uplink Q TV's original programming and live broadcasts from its two on-site production and broadcast studios and master control facility. Q TV also will rely on FCI's creative team for branding services, including interstitial and promotions.

Due to the large scope of on-site program production services FCI will coordinate on behalf of Q TV, FCI is currently hiring additional production staff. Additionally, Q TV is casting acting talent from the Dallas/Fort Worth area to accommodate their programming needs.

"Firestone Communications' high-tech facility, full-service production capabilities and experienced leadership team provides our network with the expertise and reliability we need as our network expands into new markets across the country," said Frank Olsen, President and CEO of Q Television Network. "Firestone's facility provides all the services we need under one roof. We were looking for better ways to uplink our network and were pleased to learn about Firestone's diverse expertise and broad service offerings. Firestone provides an excellent environment for program production, origination and distribution due to the efficiencies found with their economies of scale."

FCI provides its clients with access to cable and satellite audiences with its 24/7 network origination facility. Origination is one of FCI's core services, providing master control and delivery of video programming using an optimal combination of high-performance fiber optic, satellite, Internet protocol, and conventional delivery methods to reach television, cable and satellite audiences.

"Our agreement with Q TV is a milestone event and further represents the wide range of services and expertise we provide television networks of all sizes and reach," said Leonard Firestone, Chairman and CEO of Firestone Communications. Michael Fletcher, President, of FCI added, "Signing Q TV for network origination and production services is a great example of how FCI can help companies manage costs without compromising quality of service. Our leadership team is comprised of industry veterans and our customers appreciate our hands-on approach to helping them achieve their objectives."

The addition of Q TV to FCI's client roster further exemplifies the customized package of services it provides to both commercial and corporate production companies. ˇSorpresa!, FCI's own all-Spanish children's network, originates from the FCI facility and has carriage deals in place on Cablevision, Comcast, Cox, Time Warner Cable, and the National Cable TV Cooperative. America One Television Network relies on FCI for its master control play out and C-band satellite uplink services. America One is a 24-hour broadcast network that provides Western, equestrian, and homeland values programming to over 20 million households via 123 broadcast affiliate stations located in 40 states. The Sound Track Channel, an entertainment network now available in 40 countries, signed a 10-year network origination agreement through which FCI makes STC's programming available to U.S. and foreign cable operators via FCI's uplink to the Intelsat America 7 satellite.

The FCI Operations Center is an FCC-licensed earth station, with uplink digital master control, and automated trafficking systems. The C-band satellite uplink is capable of transmitting multiple signals, high-quality broadcast feeds and multiple stereo audio channels in a PowerVue Plus format. The Production Systems features Avid media composers, Final Cut Pro, Adobe Graphics After Effects System, 3DS Max 3D graphics, off-line editing systems and Betacam SX and Digital Betacam, Betacam SP, and other tape formats. Additionally, Firestone has installed Sea Change Media Servers, Sundance Automation equipment, and VCI STARS II+.

About Q Television Network:
A wholly-owned subsidiary of Triangle Multi Media, Q Television Network was organized to create and develop a network devoted to providing television programming for the gay and lesbian community. 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 will be available on a subscription basis to those desiring its programming. The network will broadcast 24 hours per day, 7 days per week. Providing distribution via satellite ensures availability of the network across the United States, including Alaska, Hawaii and Puerto Rico.

Firestone Communications, Inc., is a privately held media company based in Dallas-Ft. Worth, Texas. More can be learned about Firestone Communications by visiting the company website at www.firestoneinc.com. The company launched ˇSORPRESA! as its first digital channel offering which is available on Cablevision, Comcast, Cox, Time Warner, and The National Cable TV Cooperative. The company's Board of Directors include Peter Lund, former President and Chief Executive Officer, CBS Corp.; and Raymond Mason, former Chairman, President and CEO, Charter Group.

quote:

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Originally posted by firefly:
Firestone signs Q Television. http://www.firestoneinc.com/press_20041026.asp

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posted October 29, 2004 13:15            

POSITIVE ATTITUDE IS CONTAGIOUS!!

POTENTIAL IS PRICELESS!!

I pointed out to you the stars (the moon) and all you saw was the tip of my finger.
- African proverb

posted October 29, 2004 13:58            

I had a bad day trading(lost money) and I needed a boost so I went to RCN's website and looked at the channel lineups and after seeing Q television network I am very pleased with My investment. when I first bought QBID awhile back IT WAS STILL ONLY A DREAM.

now it IS A REALITY, We are on the air. the potential of this stock gives Me a rush when thinking about it. I dont know how long it will take but 2, 3, 5, years? to get to .25 or .50 thats all I need with 915K shares Id be very happy.

posted October 29, 2004 14:07            

(September 2, 1999 7:06am) Triangle Broadcasting Company Inc. (OTCBB:GAAY) President Frank Olsen announced his resignation as chief executive officer and president of Triangle Broadcasting Co. Inc. effective immediately. Olsen stated that Triangle is in a perfect position to grow with its equity holdings in Television programming, its growing interactive radio network, ownership in an Internet game business and the Triangle Radio Network's new relationship with Global Media and its E-Commerce solution. "It's time for me to take the next step," Olsen said. "I'll be moving over to become chief executive officer of Triangle Multi-Media, formerly ITHC, a company which focuses on general audiences, and I look forward to the new challenge." Olsen added, however, that it was his intention to push the consolidation of Triangle Broadcasting and Triangle Multi-Media Ltd. " The reason for my change is to find the additional capital necessary to build a gay network combining Television, Radio, and the Internet, keeping in mind that the Simmons Research Report shows a six billion dollar a year disposable income within the gay community. Advertisers such as American Express, IBM, Calvin Klein, and Levi Strauss recognize such a market."

posted October 29, 2004 18:42            

IN FEBURARY 04, QBID HAS 15 BILLION SHARES.

IN FEBRUARY 04, QBID IS WORKING ON A BUYBACK.

IN JULY TO SEPTEMBER, FRANK OLSEN ISSUES ANOTHER 6 BILLION SHARES. ON TOP OF THAT, HE AUTHORIZES 50-BILLION MORE.

GRAND TOTAL 71-BILLION SHARES.

NOW AFTER SECRETLY ISSUEING ANOTHER 56-BILLION SHARES, HE ANNOUNCES A BUYBACK.

FURTHER, FRANK SAYS HE OWNS 53% OF QBID.

WHEN FRANK SAYS THE STOCKHOLDERS VOTED, 53% VOTED WHICH IS HIM. WHEN HE ISSUES PR, HE'S ACCOUNTABLE TO THE 53% AND NO ONE ELSE.

PER FRANK OLSEN, QBID WILL BE PROFITABLE IN THE YEAR. JUST LIKE THE ACCOUNTING FIRM HE HIRED BACK IN 2000 TO GET OFF THE PINKS, HE PROCLAIMS THIS AGAIN AND WILL BE COMPLETED IN 6-12 MONTHS.

40,000 SUBS? WHERE? WHAT HAPPENED TO THE 50,000 INQUIRIES HE HANDLED AS WELL AS THE 100,000 PHONE HOTLINE CALLS? IF FRANK HAS ALL THESE ADVERTISERS AND CABLE COMPANIES BEATING DOWN THE DOORS FOR THE HOTTEST THING IN TV SINCE LEAVE IT TO BEAVER, THEN WHY THE RE-ISSUE OF ALL THE SHARES? 500-ZILLION DISPOSABLE INCOME YOU TOUT FRANK BUT YET YOU KEEP ISSUING SHARES TO A WHOPPING 71-BILLION AND IN THE SAME BREATH, TELL US ABOUT HOW "Q IS ON THE MOVE" AND HOW "WATCH NEXT WEEK" AND ALL THIS MONEY, ETC.ETC.ETC. BUT YOU AINT GOT SQUAT.

WITH 71-BILLION SHARES, LET ME GUESS, THE PPS WILL FLY EVEN THOUGH FRANK HAS PROMISED "NO ROLL BACK OR SPLIT WILL TAKE PLACE AS LONG AS I'M ASSOCIATED WITH THE COMPANY."

SO NO ROLL BACK OR SPLIT AND WHAT; OH I KNOW, FRANK IS GOING TO BUY BACK 60-BILLION OR MORE SHARES. <CAN'T HELP BUT LAUGH TO MYSELF ON THIS ONE>

GEE: "THERE IS NO BUSINESS OR ECONOMIC REASON FOR THE CURRENT SHARE PRICE" <LAUGHING SOME MORE>

posted October 29, 2004 19:03            

That don't add up. If frank owns 8.3 billion and institutions own 6 billion then that leaves 1.2 billion float???? because restrict and Frank shares are not part of Float just O/S. The example you give is impossible. If the float is 9.5 billion then thats the float period. Someone is feeding crap here. If frank owns 53% and theres 6 billion restricted then that means the O/S has to be over 25 billion at least. 53% Franks shares (10.7b using 9.5 b float only) + 9.5 b float + 6 b restricted is at least more then 26 billion using simple math. That also assumes the 6 billion restricted is not part of the 53% Franks talking about. If the 6 billion is figured in Franks shares then the O/S is over 32b.

You can't spin that. Float is Float and restricted and Franks shares are not apart of float. And if your telling the truth about calling Frank then Frank lied. Either way someone is telling a fib here. By the way, Frank said 60% of buyback was already done so that is already in the O/S and float which means 400,000 is all that left to come off the above numbers.

Ric

quote:

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Originally posted by tqn:
potential is priceless. try 300k today at .003 no fill.
anyhow, this from another board
Okay...call me an ******* but I wanted to call the Q for clarification on the OS/AS issue just so we are all on the same page.
Olsen picked up the phone which surprised me...usually Troy answers the phone. But here is what he told me...
There is 9.5 Billion shares in the float.
PLUS
6 Billion held by Institutions as security against agreements. QBID has five years to buyback those shares if they choose to do so.
The total OS is 15.5 Billion shares of which Frank Olsen owns 53% of or 8,215,000,000. That leaves 7,285,000,000 in the float. After the buyback is complete the float will be reduced to 6,285,000,000.
I'm sorry for my earlier calculations...I was wrong. But atleast now we have the actual numbers.
As punishment for calling the Q I will call my local cable carrier (again) and request QTN.
Hope this helps

[This message has been edited by tqn (edited October 29, 2004).]

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posted October 29, 2004 19:44            

quote:

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Originally posted by Ric:
If float is 9.5 b then why did you state it to be 7.3 b?

That don't add up. If frank owns 8.3 billion and institutions own 6 billion then that leaves 1.2 billion float???? because restrict and Frank shares are not part of Float just O/S. The example you give is impossible. If the float is 9.5 billion then thats the float period. Someone is feeding crap here. If frank owns 53% and theres 6 billion restricted then that means the O/S has to be over 25 billion at least. 53% Franks shares (10.7b using 9.5 b float only) + 9.5 b float + 6 b restricted is at least more then 26 billion using simple math. That also assumes the 6 billion restricted is not part of the 53% Franks talking about.

Ric

[This message has been edited by Ric (edited October 29, 2004).]

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Ric!

The float is anything not held by institutions & insiders. I can live with 9.5 billion & Frank owning 53% because institutions do not own that much,,,

[[["YET"]]].

The only number that's important right now is the float & 9.5 billion is much more managable than people think. Further more the buyback will have to eliminate shares from the float so it gets more reasonable. If nothing else we will always be a very liquid stock which is more important to me than O/S. What's the sense of owning a stock worth a dollar a share that you can't sell because if it's not liquid MMs easily manipulate it to the extent that they dictate whether you can even sell it let alone what you can get for it! I'm not saying some manipulation isn't happening now but it's highly over rated in my humble oppinion.

For some reason I'm just not concerned about O/S. I'm more concerned with people's perception of it being negative. I wish Frank would see this & understand that ambiguity is worse than the simple truth & give us rock solid numbers in print once that's done manipulation is much harder to accomplish because there's no fear of the unknown.

Regardless what A/S, O/S & Float are I'm accumulating.

"All we ever had to do is launch!"

posted October 29, 2004 19:47            

Wasn't really trying to stress O/S. Your right Float is the important number that determines how easily the pps can move. Was just stating the math was wrong only. Thats all. And your also right if the O/S and float was clearly stated then we would have these difference in calculations.

Ric

posted October 29, 2004 19:51            

QBID is now a Genuine Broadcasting National TV Network which intends to go International. QBID is the only Genuine Broadcasting National TV Network that trades for less than a dollar a share. That will not be the case a couple years from now!

"All we ever had to do is launch!"

posted October 29, 2004 19:58            

quote:

---

Originally posted by Ric:
If float is 9.5 b then why did you state it to be 7.3 b?

That don't add up. If frank owns 8.3 billion and institutions own 6 billion then that leaves 1.2 billion float???? because restrict and Frank shares are not part of Float just O/S. The example you give is impossible. If the float is 9.5 billion then thats the float period. Someone is feeding crap here. If frank owns 53% and theres 6 billion restricted then that means the O/S has to be over 25 billion at least. 53% Franks shares (10.7b using 9.5 b float only) + 9.5 b float + 6 b restricted is at least more then 26 billion using simple math. That also assumes the 6 billion restricted is not part of the 53% Franks talking about. If the 6 billion is figured in Franks shares then the O/S is over 32b.

You can't spin that. Float is Float and restricted and Franks shares are not apart of float. And if your telling the truth about calling Frank then Frank lied. Either way someone is telling a fib here. By the way, Frank said 60% of buyback was already done so that is already in the O/S and float which means 400,000 is all that left to come off the above numbers.

Ric

[This message has been edited by Ric (edited October 29, 2004).]

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posted October 29, 2004 20:07            

quote:

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Originally posted by whizknock:
Ric!

Regardless what A/S, O/S & Float are I'm accumulating.

"All we ever had to do is launch!"

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posted October 29, 2004 20:08            

Thats investor 101

posted October 29, 2004 21:11            

quote:

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Originally posted by Ric:
Still doesn't change the fact that 9.5b is float. Can't change that with numbers. The float is the float. Everyone of these models change float. The hard number given was float and thats the number you can not change. Franks shares and institutional shares are not part of float. You can speculate any way you want to about O/S but Float was 9.5 billion.

Thats investor 101

Ric

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I am really curious about institutions purchasing a stock that sells for 1/3 of a penny.
Steve

posted October 29, 2004 21:33            

quote:

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Originally posted by tqn:
the above from another board. please read again.

and this is my calculation.
o/s 15,500,000,000
minus restricted 6,000,000,000
that left for float 9,500,000,000
less frank's 53% of o/s 8,215,000,000
(he did indicated yesterday that his holding is 53% of o/s and cannot do anything about it)
that left for holding among the public
1,385,000,000
less 600,000,000 already bought back
that lead to 785,000,000
there is still 400,000,000 on the buy back. after the 1 bil buy back completed, there would be 385,000,000 in the public.
the above is my ignorance calculation according to the information gave out be the cc. come up with yours and we share the different result.

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posted October 29, 2004 21:51            

Ric

quote:

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Originally posted by Esteban:
I am really curious about institutions purchasing a stock that sells for 1/3 of a penny.
Steve

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posted October 29, 2004 22:51            

Frank Olsen: I want to thank the shareholders to take the time to join this conference call. First of all I’d like to give you an update on Q Television. Q Television is being broadcasted on RCN on channel 255, NY, Boston, San Franscico. We’re currently financing details with other carriers but we cannot announce those carriers because we have signed confidentiality agreements.

I can say that we should be in 25% of the markets by the 1st of the year and an additional 10% by March. Our target goal is 55% of the markets. Because as you know gay television is not accepted in all markets.

We would also like to be in 2 or 3 foreign countries as well. Those negotiations are taking place at the present time.

As you know we are in final stages of the contract for the gay games. The games will broadcast July 2006. There’s 18 months of shows that we’ll do prior to gay games. Each show will be distributed to 150 markets and ____ foreign countries.

posted October 29, 2004 22:56            

quote:

---

Originally posted by Ric:
I would assume since he was talking about the Gay Games organization. That he gave them and maybe other future contracts shares for exclusive rights. There is probably a buyback price and if Q doesn't buy back at a certain point then they can sell the shares on the open market.

Ric

[This message has been edited by Ric (edited October 29, 2004).]

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Yes, that is what he meant. He said that those institutional shares were basically used as payment for exclusive rights to the Gay Games.

posted October 29, 2004 23:18            

BACK IN 2000 THEY SPENT $7-MILLION DOLLARS WHICH RESULTED IN NO GAY TV.

PRESENT 2004, THEY ARE SPENDING $700,000/MONTH IN TOTAL EXPENSES, THEY HAVE OBTAINED 5-YEAR GUARANTEED BROADCAST MONEY THEN FOLLOWED BY A $2-MILLION DOLLAR LOAN TO SECURE THE 1ST YEAR BROADCAST.

NOW FROM 2000 FAILED ATTEMPT TO 2004 FRANK OLSEN HAS BEEN WORKING ON QBID AT $33,000 A MONTH WHICH IS THE REDUCED OPERATING EXPENSES MIND YOU. WHERE DID ALL THAT MONEY COME FROM? $1,584,000 (ONE MILLION FIVE HUNDRED AND EIGHTY-FOUR THOUSAND DOLLARS). THINK ABOUT HOW MUCH MONEY THAT IS JUST TO SIT AROUND FOR 4-YEARS AND DO NOTHING. MOST OF YOU PATRONS ON THIS BOARD IN ALL HONESTY MAKE ANYWHERE FROM $300 WEEK TO $800 WEEK ON AVERAGE. YES SOME A BIT MORE AND SOME A BIT LESS, BUT CLOSE TO AVERAGE THERE. IT WOULD TAKE YOU OR I AS THE NORMAL JOE-BLOW 50+ YEARS TO WORK FOR WHAT FRANK OLSEN HAS BLOWN OVER 4-YEARS DOING NOTTA.

NOW IN THE MIDDLE OF ALL THIS, FRANK OLSEN ISSUES 6-BILLION MORE SHARES AND THEN AUTHORIZES 50-BILLION MORE.

GRAND TOTAL 71-BILLION SHARES

NOW AFTER ALL THIS, FRANK OLSEN ANNOUNCES A BUYBACK?

YOU BARELY GOT A SIGNAL UP, YOU HAVE HARDLY ANY PROGRAMMING, YOU GOT NOTHING FOR A SUBSCRIBER BASE AND ZERO ADVERTISING, YOU OWE MONEY OUT THE KAZOO BUT YET, FRANK ANNOUNCES A BUYBACK. 4% OF THE POPULATION IS GAY AND RCN HAS 400,000 TOTAL SUBS AND WITH 1% OF THE 4% SUBSCRIBING TO Q-TV YOU HAVE A GRAND TOTAL OF 4,000 SUBS FROM RCN. OF COaRSE THAT IS CONSIDERING THE MAJOR ADVERTISING CAMPAIGN THAT IS TO START JUNE 21, 2004 WHICH NEVER STARTED SO EVEN THE 1% HASN'T HEARD OF Q-TV.

HERE'S WHY: FRANK OLSEN IS A FRAUD. TO "SATISFY" SHAREHOLDERS HE ANNOUNCES A BUYBACK WHICH AGAIN AFTER ISSUEING 6 BILLION ON TOP OF ANOTHER 50-BILLION SHARES IS THE SAME THING AS "HEY, GIVE ME $10 SO I CAN PAY YOU BACK THE $10 I OWE YA."

LIES COMPOUNDED ON TOP OF LIES AND THEN TO ADD TO THE MIX; MORE LIES.

BASIC BUSINESS FUNDAMENTALS ARE FRADULENT AND MAKE ZERO SENSE WITH FRANK OLSEN ESPECIALLY WHEN HE TELLS THE PATRONS THE GAY COMMUNITY IS 500-ZILLION DOLLARS IN DISPOSABLE INCOME, HE HAS ALL THIS AND THAT LINED UP, BOY WAIT TILL NEXT WEEK WHICH IS FOLLOWED UP BY NOTHING CAUSE THERE IS NOTHING, BUT IN THE MIDST OF ALL THAT AND "Q IS ON THE MOVE" HE ISSUES 6-BILLION SHARES AND AUTHORIZED ANOTHER 50-BILLION. HE'S WOUND UP IN LIES ON TOP OF LIES. THERE ISN'T ANY OTHER BUSINESS IN THE TRUE SENSE OF OPERATIONS THAT COULD AFFORD OR EVEN STAY AFLOAT AKIN TO WHAT FRANK OLSEN HAS DONE AND THE NUMBERS HE PUTS OUT; IT IS WITHOUT A DOUBT IMPOSSIBLE. <KEYWORD IMPOSSIBLE>

posted October 29, 2004 23:20            

------------------
"If We Agree To Disagree, Then We Can Remain friends"

[This message has been edited by Doctoall (edited October 29, 2004).]

posted October 30, 2004 00:17            

and eat a lot of candy!

posted October 30, 2004 04:12            

First, I'll say that I still own 2.5 mil shares of QBID. Not selling yet.

I do question the volume and price, or lack of substantial increase in both, given the statement that 60%, hence guesstamate, 600,000,000 shares, have been bought back.

Is Frank buying these shares back from the open market or some body else? Also, if he's buying them back from the open market who's selling that amount or why hasn't the PPS risen more?

I would have expected an increase in PPS and volume on the positive news and press exposure alone, without said buyback.

I still see tons of potential here, but have to admit I'm a little puzzled.

Starting to wonder which cup the pea is under.

DZ

[This message has been edited by denzen (edited October 30, 2004).]

posted October 30, 2004 07:08            

quote:

---

Originally posted by U4TSAF2:
PER FRANK OLSEN:

BACK IN 2000 THEY SPENT $7-MILLION DOLLARS WHICH RESULTED IN NO GAY TV.

PRESENT 2004, THEY ARE SPENDING $700,000/MONTH IN TOTAL EXPENSES, THEY HAVE OBTAINED 5-YEAR GUARANTEED BROADCAST MONEY THEN FOLLOWED BY A $2-MILLION DOLLAR LOAN TO SECURE THE 1ST YEAR BROADCAST.

NOW FROM 2000 FAILED ATTEMPT TO 2004 FRANK OLSEN HAS BEEN WORKING ON QBID AT $33,000 A MONTH WHICH IS THE REDUCED OPERATING EXPENSES MIND YOU. WHERE DID ALL THAT MONEY COME FROM? $1,584,000 (ONE MILLION FIVE HUNDRED AND EIGHTY-FOUR THOUSAND DOLLARS). THINK ABOUT HOW MUCH MONEY THAT IS JUST TO SIT AROUND FOR 4-YEARS AND DO NOTHING. MOST OF YOU PATRONS ON THIS BOARD IN ALL HONESTY MAKE ANYWHERE FROM $300 WEEK TO $800 WEEK ON AVERAGE. YES SOME A BIT MORE AND SOME A BIT LESS, BUT CLOSE TO AVERAGE THERE. IT WOULD TAKE YOU OR I AS THE NORMAL JOE-BLOW 50+ YEARS TO WORK FOR WHAT FRANK OLSEN HAS BLOWN OVER 4-YEARS DOING NOTTA.

NOW IN THE MIDDLE OF ALL THIS, FRANK OLSEN ISSUES 6-BILLION MORE SHARES AND THEN AUTHORIZES 50-BILLION MORE.

GRAND TOTAL 71-BILLION SHARES

NOW AFTER ALL THIS, FRANK OLSEN ANNOUNCES A BUYBACK?

YOU BARELY GOT A SIGNAL UP, YOU HAVE HARDLY ANY PROGRAMMING, YOU GOT NOTHING FOR A SUBSCRIBER BASE AND ZERO ADVERTISING, YOU OWE MONEY OUT THE KAZOO BUT YET, FRANK ANNOUNCES A BUYBACK. 4% OF THE POPULATION IS GAY AND RCN HAS 400,000 TOTAL SUBS AND WITH 1% OF THE 4% SUBSCRIBING TO Q-TV YOU HAVE A GRAND TOTAL OF 4,000 SUBS FROM RCN. OF COaRSE THAT IS CONSIDERING THE MAJOR ADVERTISING CAMPAIGN THAT IS TO START JUNE 21, 2004 WHICH NEVER STARTED SO EVEN THE 1% HASN'T HEARD OF Q-TV.

HERE'S WHY: FRANK OLSEN IS A FRAUD. TO "SATISFY" SHAREHOLDERS HE ANNOUNCES A BUYBACK WHICH AGAIN AFTER ISSUEING 6 BILLION ON TOP OF ANOTHER 50-BILLION SHARES IS THE SAME THING AS "HEY, GIVE ME $10 SO I CAN PAY YOU BACK THE $10 I OWE YA."

LIES COMPOUNDED ON TOP OF LIES AND THEN TO ADD TO THE MIX; MORE LIES.

BASIC BUSINESS FUNDAMENTALS ARE FRADULENT AND MAKE ZERO SENSE WITH FRANK OLSEN ESPECIALLY WHEN HE TELLS THE PATRONS THE GAY COMMUNITY IS 500-ZILLION DOLLARS IN DISPOSABLE INCOME, HE HAS ALL THIS AND THAT LINED UP, BOY WAIT TILL NEXT WEEK WHICH IS FOLLOWED UP BY NOTHING CAUSE THERE IS NOTHING, BUT IN THE MIDST OF ALL THAT AND "Q IS ON THE MOVE" HE ISSUES 6-BILLION SHARES AND AUTHORIZED ANOTHER 50-BILLION. HE'S WOUND UP IN LIES ON TOP OF LIES. THERE ISN'T ANY OTHER BUSINESS IN THE TRUE SENSE OF OPERATIONS THAT COULD AFFORD OR EVEN STAY AFLOAT AKIN TO WHAT FRANK OLSEN HAS DONE AND THE NUMBERS HE PUTS OUT; IT IS WITHOUT A DOUBT IMPOSSIBLE. <KEYWORD IMPOSSIBLE>

87-BOTTLES OF BEER ON THE WALL <HICCUP>

---

I think this one should have been 86 bottles <burp> You repeated 87

posted October 30, 2004 07:23            

" The funny thing about the BET, they never made a dime, they never posted a profit and they sold for what, 5 billion."

Hey guys, guess who bought them out? VIACOM for 3 billion.
They'll want a piece of Q Television, especially when we're making profits.
QBID will be huge!

http://www.africana.com/articles/daily/index_20001129.asp

.
http://www.radiodiversity.com/archives/000878.shtml

posted October 30, 2004 11:35            

Hate gettig rude but this is getting stupid. People don't you know nothing about finacials. I am not saying something just to make up numbers here. There is no such thing as float and true float. Float is float and it is 9.5 billion.

If we have a 9.5 billion float then Frank doesn't own any of that. Repeat FRANK CAN NOT OWN FLOAT. So quit making up stupid statements. He does own part of O/S. There is 9.5 Billion on the market. Thats what float is. Come on. Lets stop making things up. If the floats 9.5 Billion then thats what you and me own on the open market. No Frank shares or Rene shares or restricted shares are part of that 9.5 b. If they where then it would be O/S not float. You just change float. Well is Frank lying about 9.5 billion float or are you that its 3.5b? Float is the hard number Frank gave us. YOU CAN NOT CHANGE THAT NUMBER in using fuzzy math.

Ric

quote:

---

Originally posted by bill1352:
read the differant numbers about the float & thought maybe it is wrong. i did listen to the cc also.........float is 9.5 billion of which frank owns 53% which would be 5,035,000,000 (unless frank said on phone call "i own 8 billion plus") leaving 4,465,000,000 in the market. now if the buyback is 1 bilion as rene stated then the question is where from the open market only or is part of it franks. either way the float would be 8.5 billion unless part ofthe 6 billion investers that hold for loans was also bought. i dont believe investers would want .0035 back for their investment. that means after buy back the o/s will be 8.5 billion and unless frank included his shares in the buy back the market will be down to 3.5 billion. also once reporting whenever that may be franks shares will have to be reported before he can sell. also any other insiders owning shares will need to be reported before selling, like rene (I bet rene owns 1 billion himself) it may take a yr to become reporting but i'd guess that once reporting and baring any further buy back the true float could be in the 2 billion range and if the 6 billion restricted shares never hit the market as frank believes this could bode very well for us shareholders.

[This message has been edited by bill1352 (edited October 30, 2004).]

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posted October 30, 2004 12:31            

minus 1b--2% of 50b, bought on the open market, retired to treasury after complete
http://www.investopedia.com/terms/t/treasurystock.asp

frank's 53% is of o/s
6b--restricted shares from the o/s--NOT the float
http://www.investopedia.com/terms/o/outstandingshares.asp http://www.investopedia.com/terms/i/issuedshares.asp

also read for comparison http://www.investopedia.com/articles/basics/03/030703.asp

...so there will be at end of buyback 8.5b float

...unless triangle mm ISSUES more shares from the 50b a/s--increasing the o/s and the float

end of story. it's still a third of a cent for a broadcasting network--niche or not. i don't know how much more of a bargain that can be--well, i guess .003 to the downside....lol (tongue in cheek--joke)

well, here's for those of you who don't wanna click and read the links:

a/s--The maximum number of shares that a corporation is legally permitted to issue under its articles of incorporation. This figure is usually listed in the capital accounts section of the balance sheet.

This number can be changed only by a vote of all the shareholders. Management will typically keep the number of authorized shares higher than those actually issued. This allows the company to sell more shares if it needs to raise additional funds.

Also known as authorized shares or authorized capital stock.

o/s--The number of shares that are currently owned by investors. This includes restricted shares (shares owned by the company's officers and insiders) and shares held by the public. Shares that the company has repurchased are not considered outstanding stock.

This number is more important than the authorized shares or float. It is used in the calculation of many metrics including market capitalization and EPS.

Also known as "issued shares" or "issued and outstanding."

issued shares--Those shares of a company's authorized shares that have been issued.

While a company has the authorization to issue a certain amount of shares, they do not have to issue all of them.

Usually the number of issued shares is the same as the number of outstanding shares except in cases where there have been stock repurchases.

treasury stock--Stock that is repurchased by the issuing company. These shares don't pay dividends, have no voting rights, and should not be included in shares outstanding calculations.

Treasury stock is created when a company does a share buyback and purchases its shares on the open market. This can be advantageous to shareholders because it lowers to numbers of shares outstanding.

float--The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.

For example, a company may have 10 million outstanding shares, but only 7 million are trading on the stock market. So, the float would be 7 million.

Stocks with small floats, under 3 million shares, tend to be a lot more volatile than others.

Also known as "free float."

also read for comparison http://www.investopedia.com/articles/basics/03/030703.asp

quote:

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Originally posted by Ric:
Sorry Bill but the owner (insider) does not own the float. Doesn't matter what you think Frank said.

Hate gettig rude but this is getting stupid. People don't you know nothing about finacials. I am not saying something just to make up numbers here.

If we have a 9.5 billion float then Frank doesn't own any of that. Repeat FRANK CAN NOT OWN FLOAT. So quit making up stupid statements. He does own part of O/S. There is 9.5 Billion on the market. Thats what float is. Come on. Lets stop making things up. If the floats 9.5 Billion then thats what you and me own on the open market. No Frank shares or Rene shares or restricted shares are part of that 9.5 b. If they where then it would be O/S not float. You just change float. Well is Frank lying about 9.5 billion float or are you that its 3.5b? Float is the hard number Frank gave us. YOU CAN NOT CHANGE THAT NUMBER in using fuzzy math.

Ric

Ric

[This message has been edited by Ric (edited October 30, 2004).]

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posted October 30, 2004 13:25            

what would be nice to know is how many of the 50b a/s we have left to be issued.

we know that 6b restricted is off the 50b a/s....and the 9.5b is off the 50b a/s, leaving 34.5b--or 35b meaning 15b o/s right?

frank said he own's 53% of o/s--or 7.95b

edit--sorry, got interrupted...

that's why i think that the o/s has to be more than 15b because frank's 8b and restricted 6b = 14b....which would only leave 1b left in float if only 15b issued from 50b a/s. follow??

but if 25b were o/s, that 14b off would leave around 11b float...

...and if you take 1b buyback off that, you have approx. 10b ~ 9.5b ?? close enough??

which would leave 25b a/s left to issue before another corporate amendment to increase number of a/s, right??

posted October 30, 2004 13:49            

float--The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.

now if he said he had restricted shares that would be differant. plus an owners shares are only restricted in a reporting company by the fact that he has to announce buying or selling to the public. this is done by filing with the SEC and can be done at any time. now that does change if franks shares are restricted for a period of time like the 6 billion he said were owned by institutional positions. all insider shares are part of the float unless restricted for a period of time

posted October 30, 2004 13:51            

O/S = 9.5 b float + 6 b restricted + 53% Frank + Rene's shares and any other insider in the company

Answer O/S unknown because it wasn't said. But using fuzzy math that could work O/S is over 32 billion. I may not be able to spell but being a ex-math teacher I can say that without all the info you can not come to a conclusion.

Thats all we know. People are assuming O/S is 9.5 plus 6. But that not correct because Franks shares are not part of float or retricted institutional shares so Frank Shares have to be added to the other two number not subtracted from.

There is still another number not given either. Rene has insider shares also which is not included.

Ric

quote:

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Originally posted by King Crimson:
could be, so float was 10b--now approx. 9.5b after the 600m buyback so far completed
...so, approx 9b float after buyback done

what would be nice to know is how many of the 50b a/s we have left to be issued.

we know that 6b restricted is off the 50b a/s....and the 9.5b is off the 50b a/s, leaving 34.5b--or 35b meaning 15b o/s right?

frank said he own's 53% of o/s--or 7.95b

edit--sorry, got interrupted...

that's why i think that the o/s has to be more than 15b because frank's 8b and restricted 6b = 14b....which would only leave 1b left in float if only 15b issued from 50b a/s. follow??

just seems like there should be more than that.......

[This message has been edited by King Crimson (edited October 30, 2004).]

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posted October 30, 2004 13:52            

From Investor Hub:
Let's look back at our company CTC. From the previous example, we know that this company has 1000 authorized shares. If they offered 300 shares in an IPO, gave 150 to the executives and retained 550 in the treasury, then the number of shares outstanding would be 450 shares (300 float shares + 150 restricted shares). If after a couple years CTC was doing extremely well and wanted to buy back 100 shares from the market, the number of outstanding shares would fall to 350, the number of treasury shares would increase to 650, and the float would fall to 200 shares since the buyback was done through the market (300 – 100).

Ric

quote:

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Originally posted by bill1352:
Ric, i hate to be rude or anything but frank did not say he had restricted shares thus they would be part of the float....

float--The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.

now if he said he had restricted shares that would be differant. plus an owners shares are only restricted in a reporting company by the fact that he has to announce buying or selling to the public. this is done by filing with the SEC and can be done at any time. now that does change if franks shares are restricted for a period of time like the 6 billion he said were owned by institutional positions. all insider shares are part of the float unless restricted for a period of time

[This message has been edited by bill1352 (edited October 30, 2004).]

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posted October 30, 2004 13:58            

quote:

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Originally posted by Ric:
You know what would be good here? If Frank issued himself preferred shares say 20 Million with 500/1 voting rights. Retire all but 1 Billion of his common shares. Now O/S is reduced and he wouldn't be ashamed to tell us what it is. Alot of companys do that so the owners voting rights and shares are not part of common share O/S.

Ric

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I agree 100%! Anything he can do to reduce the number of shares period would be a boon to shareholders.

posted October 30, 2004 14:39            

King,
Yes 1/3 cent is a steal. No matter what you think the pps can go to this is a steal none the less.

Ric

quote:

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Originally posted by whizknock:
I agree 100%! Anything he can do to reduce the number of shares period would be a boon to shareholders.

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posted October 30, 2004 15:31            

Abstract- The SEC's powers in curtailing insider trading and other trading-related violations have been significantly broadened with the passage of three Federal statutes. The Insider Trading Sanctions Act of 1984 (ITSA) gave the SEC the authority to ask the courts to impose penalties on illegal traders and on those who pass on private information to third parties. The Insider Trading and Securities Fraud Enforcement Act of 1988 expanded the coverage of the ITSA to include the punishment of employers who fail to fulfill their obligation as 'controlling persons' to prevent their employees from becoming involved in insider trading. Finally, the Securities Enforcement Remedies and Penny Stock Reform Act of 1990 empowered the SEC to directly impose civil penalties on securities law violators. Accountants should make every effort to understand these insider regulations. Several questions that accountants should ask themselves before buying or selling securities are suggested.

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Penny Stock Reform Act reinforced laws to include pennys in several areas including insider trading.

posted October 30, 2004 15:34            

Ric

quote:

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Originally posted by King Crimson:
ric...if they wanted to knock down the o/s, they could have different classes like preferred a, b, etc, with or without voting rights, or even warrants for like those restricted 6b

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posted October 30, 2004 15:43            

Ric

quote:

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Originally posted by King Crimson:
issue institutional convertible (to common) warrants??

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