Allstocks.com's Bulletin Board
Topic Closed  Topic Closed
Post New Topic  New Poll  
Topic Closed  Topic Closed
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » QBID- Finally, Frank does something meaningful!!! Stock to rise?

 - UBBFriend: Email this page to someone!    
Author Topic: QBID- Finally, Frank does something meaningful!!! Stock to rise?
treyda
Member


Icon 14 posted      Profile for treyda         Edit/Delete Post 
Q Television Reduces its Tradable Stock by Fifty-Three Percent
Tuesday August 2, 9:00 am ET


PALM SPRINGS, Calif.--(BUSINESS WIRE)--Aug. 2, 2005--Q TELEVISION NETWORK, (OTC: QBID - News), the first 24/7 premium network for the gay and lesbian community, announced today that, in an effort to bring fair value to its trading stock, QBID, Frank Olsen, President, CEO and majority shareholder, has converted all his personal QBID holdings into preferred stock, which makes up 53 % of the total shares.
"We converted QBID shares into preferred stock, eliminating fifty-three percent of the tradable outstanding shares. We are confident this will strengthen the demand for our stock, and dry up the supply of trading shares that we feel are being manipulated in the market," said Olsen. "Converting our common stock into preferred stock will allow us to retain voting rights, but will also squeeze out the large short position in the stock. Q Television will continue to be as aggressive as possible, and do everything necessary to ensure our shareholders are treated fairly."

Posts: 79 | From: Key Biscayne , FL USA | Registered: May 2004  |  IP: Logged | Report this post to a Moderator
keithsan
Member


Member Rated:
4
Icon 1 posted      Profile for keithsan         Edit/Delete Post 
LOL

his shares weren't being traded anyways.

thats why they were HIS.

they announced it this am and gained absolutely nothing, I made about 3 bucks on it.

Posts: 9110 | From: boston, ma | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
   

Post New Topic  New Poll  
Topic Closed  Topic Closed
Open Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share