posted
Well seeing how I will be back on the QBID Jet first thing in the morning. I have a site that gives you a little info on QBID and others. You might already have it but for the ones who do not here it is. http://www.pinksheets.com/quote/new.jsp?symbol=QBID Will put in a buy order for a few shares first thing in the morning for .014. Maybe it will drift down to there and pick me up. If not, I will just have to buy it higher. I swear on a stack of hamburgers I will never sell QBID again. My wife thought I had gone crazy and my damn dog bit me for it. Things were kinda tough around the old homestead for a few days. I each day just new QBID was going to take off and leave me in the dust. Well just give me to 10:30AM EST and all will be well. My wife leaves for Russia for a month and a half on Monday. I told her when she gets back we just might be millionairs. $1 by June 30. HAPPY DAYS ARE HERE AGAIN.
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Cash I think if you put your mother as a Co-account owner under Tenants in Common and give your mother lets say 95% of your holdings and you keep lets say 5% and your good to go.
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Buyback Basics A stock buyback, also known as a share repurchase, is a company's plan to buy back its own shares from the marketplace. You can think of a buyback as a company investing in itself, using its cash to buy shares. The idea is simple: since a company can't "own itself," the buyback reduces the number of outstanding shares on the market.
Buybacks can be carried out in two ways:
1) Shareholders may be presented with a tender offer whereby they have the option to submit (or tender) a portion or all of their shares within a certain time frame and at usually a price higher than the current market level.
2) Companies can buy shares on the open market over a long-term period.
In many ways a buyback is similar to a dividend because the company is distributing money to shareholders. An advantage buybacks have over dividends is that they are taxed at a lower capital-gain tax rate whereas a dividend is taxed at ordinary income tax rates.
One catch with buyback programs is that sometimes they are little more than a marketing move. The media will report that a company has announced a buyback program, but this does not mean firms are obligated to buy back shares. Announcements are often worded as, "a buyback up to $X dollars" or "up to X million shares over the next X number of years." While this usually means the board has approved an amount to be bought back, there is no contractual or legal obligation to carry this pledge through.
posted
What Buybacks Mean For the most part an announcement for a share buyback is considered good news for shareholders; however, there are many different reasons a company might want to repurchase shares, so don't automatically consider all buybacks to be positive. If you ask management of a company they will likely tell you a buyback is logically the use of a company's resources. After all, the goal of a firm's management is to maximize return for shareholders, and a buyback may in fact increase shareholder value. The prototypical line in a buyback press release is "we don't see any better investment than in ourselves." When the market is bad, this reasoning can often be justified because stock prices are depressed and earnings multiples tend to be lower. If you think about it, management should know better than anyone when their company is undervalued. If a stock has been hit hard and falls below what it "should be worth," an investment in the stock could give a better return than any other opportunity facing the company. This is especially true if a company has copious amounts of cash on hand because cash typically earns less than 2-3% interest.
The second reason a company might do a buyback is to prop up its share price and other financial ratios. This approach is more questionable if reducing the number of shares is not for creating more value but just for making financial ratios look better. Plowing extra cash back into stock reduces outstanding shares and also reduces the assets on the balance sheet (because cash is an asset). Thus, return on assets (ROA) actually increases because assets are reduced, and return on equity (ROE) increases because there is less outstanding equity. To use another example, suppose a company earnings is identical before and after a share repurchase. Figures such as earnings per share (EPS) and the P/E ratio would look better even though earnings did not improve. Because analysts and investors carefully scrutinize many of these figures, an improvement in them could jump-start the stock. This strategy, however, isn't very effective in the long term unless the stock is truly the best possible investment.
Another reason for a buyback is to reduce dilution caused by employee stock option plans. Companies that gave a free lunch by issuing massive stock options to employees during the big bull market of the late 90s have paid the price because every option that is exercised increases outstanding shares and reduces EPS. Many companies (especially the techs) feel they have to start repurchasing shares to avoid excessive dilution, which would drive down share price even further.
In the last instance, buying back stock is not for the purpose of retiring the shares and reducing the number of outstanding shares. Here, the company holds the shares are to defend against takeover bids or used for buying other companies.
Conclusion There are some excellent arguments for and against share buybacks, so what is the answer? As so often is the case in financial matters, the answer depends on many things. If a stock is undervalued and buybacks truly represent the best investment for a company, the buyback is positive. Watch out, however, if a company is merely using buybacks to prop up its ratios or get out from under excessive stock option grants.
posted
Cash I think you can give it to a relative as a one time gift.I think you can do this only once and you will also pay less taxes on it also. I heard some guy did that with his firstrade account when agis was hot and he made a killing. Check with a lawyer first.
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In QBID's case. Would you not think it more reasonable for the company to do a R/S. It is hardly worth spending all the company's money just to repurchase billions of shares. What a waste. The correct thing for the COMPANY to do here is R/S. Now this does present a conflict of interest. A reverse split in all liklihood could nail the retail investor. But overall, a R/S would be better for the company.
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Did anyone notice the posts from Dog that left to go dancing but was raging today. I don't know if it is the same Dog that brought QBID to everyone's attention back in Feb. but the he still has 6 Mil. free shares and plans to hold out for the real money that is coming. I hope he is correct , I am starting to get worried about putting all my eggs in the QBID Basket , I have seen $9,000 disappear this weak and my wife is screaming take the money and run while you are still ahead.
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A reverse split IMHO is a bad sign. ( from what I have read). It will cause shareholders to lose money. I would be very weary buying into a company that is about to launch, right after doing a RS. Think about it, On the surface they look like they are trying to put themselves in a better position. But a company that would first issue these shares, then remove them, is not where I would want my money to be. How could an investor trust their motives. In the case of qbid. I also agree that it is a good sign that they are (or say they will be) buying shares back, then retire them. It shows that they see a future for themselves. A good sign IMHO. But then again what do I know... I am still a newbie. has anyone else been able to find out the info on Rossie, from what I posted before. I sure hope he did let it slip. After that conversation, I am feeling a little high on life and QBID.
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nah big things are in store for this company, particularlt at the ntca show. As each day approaches I get a little more excited and filled with anticipation.
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All we have to do is launch. Then the real money will start to come in. I am long term on this one. If all goes well I might hold well into june. But I will be doing my fair share of profit taking at .20 cents, .50. and somewhere between .90-.99 cents. But I change my mind everyday, so who knows. But I will not sell under .20 cents that is for sure, unless someting neg. happens.
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futuresobjective Member posted April 22, 2004 19:55 -------------------------------------------------------------------------------- there you go whizknock... sometimes I think most people on this board lose sight of that... all we have to do is launch! ............................................
Futuresobjective!
I feel pretty good about most people on this board. In light of this recent drop I'm not seeing a panic & most here, although they may trade, appear to be in for the long haul.
Sometimes things are every bit as simple as they appear.
Myself, I know a couple things about TV.
(1) It's the most powerful form of communication in the history of mankind.
(2) Broadcasting TV networks do not trade under a dollar a share.
Keeping in mind those two items it brings me to one other thing I know,,,
posted
$CashMaker$ I'M GONNA GET NERVOUS AND START TO BAIL AT $2.00.
CASH SLIPPED UP FOLKS, HERE'S THE PROOF.
-chuk <-----GERMAN SPELLING OF CHUCK
Member posted April 22, 2004 16:10 -------------------------------------------------------------------------------- I am curious how many people here are going to bail.
posted
As a new memeber here and reading a lot of the talk.Some good , some bad ,some just plain stupid.I have done a lot of research or at least as much as I feel i need to have done.I believe in the prospect of this company but not at the levels most of you are talking about. I believe in it enough to have put $500,000.00 into the stock this week. Lets see what happens.And BTW I'm one of those Fortune 100 guys that has retired early ..47 ..I will keep watching and Waiting.
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whizknock I feel pretty good over people on this board too. All I am saying is people (maybe even myself sometimes, I was not excluding myself from my prior statemnt) will sometimes lose sight of where we think this stock will go, particularly when we make some huge gains and then fall back a little. Granted some say it is the MM's, I don't disagree. But still I think it is easy to lost sight of the network's launching when you look at your porfolio and see you are down like around 9 k in one day... but I have faith that we will launch. I try not to get involved with the slight declines, we are still up overall (some of us at least)
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posted
AMERICAN S.E.C. RULES OF SHORTING AND MARGIN DON'T APPLY TO FOREIGN ACCOUNTS.
IF YOU FLIP ANY STOCKS ON THE SAME DAY 4 TIMES IN A 5-DAY PERIOD, YOU GET FLAGGED AS A PATTERN DAY TRADER.
THAT REQUIRES YOU TO HAVE $25,000 IN CASH OR MARGIN-STOCK EQUITY IN YOUR ACCOUNT. NON-MARGIN STOCKS CON'T COUNT TOWARDS THE EQUITY REQUIREMENT OF $25,000.
FREETRADE CROSS-REFERENCED MY ACCOUNT WITH ANOTHER CAUSING A NIGHTMARE. HENCE MY PROBLEMS I RECENTLY HAD ARE NOW CLEARED UP. FREETRADE PUT A IMMEDIATE MARGIN CALL ON MY ACCOUNT MEANING IF I DIDN'T COME UP WITH ANOTHER $25,000 CASH, WIRED TODAY, THEY WOULD LIQUIDATE MY ACCOUNT FOR THE $25,000 AND THEY PICK AND CHOSE WHICH STOCKS TO LIQUIDATE.
ABSOLUTE NIGHTMARE BUT I WILL SAY THIS, EXCELLENT SERVICE I GOT A FREETRADE, THEY FIXED THE PROBLEM AND I'M ALL HAPPY AGAIN!
WIGGLE WIGGLE WIGGLE...
realityinc21 Member posted April 22, 2004 20:32 -------------------------------------------------------------------------------- U4 you bought QBID on margin? BIG KAHONAS!
fyi--YOU CAN NOT MARGIN PINK OR OTC STOCKS ANYWHERE-ANYPLACE OR ANYTIME.
I feel pretty good about most people on this board. In light of this recent drop I'm not seeing a panic & most here, although they may trade, appear to be in for the long haul.
Sometimes things are every bit as simple as they appear.
Myself, I know a couple things about TV.
(1) It's the most powerful form of communication in the history of mankind.
(2) Broadcasting TV networks do not trade under a dollar a share.
Keeping in mind those two items it brings me to one other thing I know,,,
All we have to do is launch!
------------------ whizknock
WHIZ,
GOOD THOUGHTS AND POST--YOU ARE ALWAYS POSITIVE. VERY IMPORTANT VALUE OF LIFE.
THE CHARTS TOLD US THERE WAS TO BE A SLIGHT DOWN/SIDEWARDS TREND. EXPECTED. SOME PEOPLE SOLD TO BUY BACK AND SOME PEOPLE JUST HELD. EITHER WAY A WIN/WIN.
I HOPE YOUR WIFE PUTS "ALL HE HAD TO WAS LAUNCH" ON YOUR TOMBSTONE. LOL LOL BECAUSE YOU ARE THE ONLY ONE AND HAVE SINCE I CAN REMEMBER SAID THAT FROM THE BEGINNING..
AFTER A PERSON WADES THRU ALL THE B.S. IT COMES DOWN TO ONLY ONE THING. "ALL THEY HAVE TO DO IS LAUNCH."
FOR ALL OUR GOOD FORTUNE'S--THRU DUE DILIGENCE FROM .0001. I BELIEVE THIS WILL HAPPEN.
You're right, we're still up big time. I bought in at .0004 & it makes it very easy to hold when I know I virtually can not loose period. This is why I never trade a stock with my initial investment & as it stands that's all I hold, my first buy!
My only fault is my dicipline coupled with greed, sometimes I will hold a stock too long. In this case if they launch & I'm almost positive they will, there's no such a thing as "too long!"
Some people think I'm crazy when I ask how many currently broadcasting TV networks trade for under a buck. Check it out. You'll love the results of your research.
U4 keeps telling people he's not worried about the O/S & market cap. I don't blame him one bit. Now check out where most of your advertising dollars are spent & look at revenues for even the lamest TV networks. Getting the picture? Very slowly it will dawn on people what they bought into & many here do not yet know what they stumbled on.
Now factor in the fact that the big boys that spend the most advertising bucks have already made it clear they are willing to advertise to gays & lesbians & better yet watch how very willing they are to back a First Ever G/L 24/7 TV Network.
posted
AMERICAN S.E.C. RULES OF SHORTING AND MARGIN DON'T APPLY TO FOREIGN ACCOUNTS. IF YOU FLIP ANY STOCKS ON THE SAME DAY 4 TIMES IN A 5-DAY PERIOD, YOU GET FLAGGED AS A PATTERN DAY TRADER.
THAT REQUIRES YOU TO HAVE $25,000 IN CASH OR MARGIN-STOCK EQUITY IN YOUR ACCOUNT. NON-MARGIN STOCKS CON'T COUNT TOWARDS THE EQUITY REQUIREMENT OF $25,000.
FREETRADE CROSS-REFERENCED MY ACCOUNT WITH ANOTHER CAUSING A NIGHTMARE. HENCE MY PROBLEMS I RECENTLY HAD ARE NOW CLEARED UP. FREETRADE PUT A IMMEDIATE MARGIN CALL ON MY ACCOUNT MEANING IF I DIDN'T COME UP WITH ANOTHER $25,000 CASH, WIRED TODAY, THEY WOULD LIQUIDATE MY ACCOUNT FOR THE $25,000 AND THEY PICK AND CHOSE WHICH STOCKS TO LIQUIDATE.
ABSOLUTE NIGHTMARE BUT I WILL SAY THIS, EXCELLENT SERVICE I GOT A FREETRADE, THEY FIXED THE PROBLEM AND I'M ALL HAPPY AGAIN!
WIGGLE WIGGLE WIGGLE...
UF,
WHEN I FIRST STARTED WENT THRU THE SAME THING WITH SCOTTRADE. THEY WERE NOT SO NICE. THEY CLOSED MY ACCOUNT EXCEPT FOR SELLING ONLY. I OPENED ACCOUNTS AT AMERITRADE AND 4 ACCOUNTS AT SCOTTRADE IN MY 4 KIDS NAMES SO I COULD GET BY "PATTERNED DAY TRADER" B.S. AFTER 30 DAYS AND BEGGING THEY REOPENED MY ORIGINAL SCOTTRADE ACCOUNT (ONLY BECAUSE I WAS ABLE TO KEEP IT A DAYTRADING ACCOUNT WITH BALANCE OF 25,000.) I JUST LIKE SCOTTRADE--THEY COST MORE--BUT FOR TRADE EXECUTION-PERSONAL SERVICE THEY ARE EXCELLANT. I CAN CALL THEM ON THE PHONE ANYTIME AND SOMEONE ANSWERS.
SOUNDS LIKE FREETRADE IS PRETTY GOOD TOO. GLAD IT WORKED OUT FOR YOU AND YOU DID NOT HAVE THE NIGHTMARE I HAD.
posted
Isn't that the truth! All we have to do is keep our eyes on the goal because if you read my last post & have checked any of the stats you'll understand that when all is said & done there's only one critical point in front of us & between us & long term growth,,,
posted
Futuresobjective! You're right, we're still up big time. I bought in at .0004 & it makes it very easy to hold when I know I virtually can not loose period. This is why I never trade a stock with my initial investment & as it stands that's all I hold, my first buy!
My only fault is my dicipline coupled with greed, sometimes I will hold a stock too long. In this case if they launch & I'm almost positive they will, there's no such a thing as "too long!"
Some people think I'm crazy when I ask how many currently broadcasting TV networks trade for under a buck. Check it out. You'll love the results of your research.
U4 keeps telling people he's not worried about the O/S & market cap. I don't blame him one bit. Now check out where most of your advertising dollars are spent & look at revenues for even the lamest TV networks. Getting the picture? Very slowly it will dawn on people what they bought into & many here do not yet know what they stumbled on.
Now factor in the fact that the big boys that spend the most advertising bucks have already made it clear they are willing to advertise to gays & lesbians & better yet watch how very willing they are to back a First Ever G/L 24/7 TV Network.
At a cent & a half,,,
"These are the good old days!"
Cause when it come right down to it,,,
All, & I mean 'ALL' we have to do is launch!
------------------ whizknock
WHIZ,
I DON'T THINK ANYONE IS CRAZY. DAT CWAZY DOG, YOU AND I AND A FEW OTHERS HAVE BEEN RIGHT HERE SINCE .0001.
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