I agree, FFF. I equate a bankruptcy here just like an airline bankruptcy. The end users rarely see a difference in service. Adelphia is the perfect example though. And let's not forget all of those MCI/Worldcom customers who didn't notice a difference.
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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That is an excellent point. Well said!! RCN will provide service...that is the important aspect here...They will offer QTV to millions. That is wonderful.
Posts: 3727 | Registered: Jul 2004
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Not only they are still providing services.. THEY STILL HAVE PAYING CUSTOMERS!!
quote:Originally posted by sunny: That is an excellent point. Well said!! RCN will provide service...that is the important aspect here...They will offer QTV to millions. That is wonderful.
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Think it is going to be a fairly quiet day...it's Friday and the entire market right now is down. So, hang in there.
DO think, however,if QTV is so busy that they can't get to the emails or more press releases, that they should be giving regular hotline updates. That's not asking too much. Also, they need to understand that investing in a PINK takes some courage...if they are going to be on a PINK then QTV needs to be aware how much reassurance and validating investors require. I don't need someone to hold my hand 100% of the time, but I like to know consistently that someone is up ahead leading the way! So, Frank, make regular hotline updates...compromise on the communication!
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My whole L2 screen is sitting there like an oil painting today. Guess I'll just go to work early. Sheesh. GLTA
Posts: 519 | From: Oakland, CA, USA | Registered: Mar 2004
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quote:Originally posted by 1BigTip: ...Did everyone know that the qbid office in CA is about to change....Same location bigger offices with wooden floors. The paint is all over the place.
IF this is true, then it's probably a good sign. It means that they believe they'll be there for a while and they're setting up for the long haul.... JMHO though
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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A COMPLAINT WAS FILED BY ME AGAINST QBID AS WELL AS 9 LICENSED STOCK BROKERS I PERSONALLY KNOW. A LICENSED BROKER WHO FILES A COMPLAINT WITH THE SEC IS NOT THE SAME AND LITTLE YOU OR I FILING A COMPLAINT. THEY GET "INSTANT" ATTENTION.
HERE IS WHAT HAPPENED, NOT WHAT I THINK HAPPENED, NOT ANY OTHER VARIATION OF WHAT HAPPENED, THIS IS WHAT HAPPENED:
FRANK OLSEN YET AGAIN PUT OUT A PR THAT WAS CRAP. WE WE'RE SITTING ON A TESTING DATE OR IT WAS THE SOFT LAUNCH, I FORGET WHICH ONE IT WAS AND I'M NOT GOING BACK TO PULL UP THE SPECIFIC PR. IN THAT SPECIFIC PR, THE BROADCAST DATE CHANGED FROM WHAT WAS STATED ALL ALONG. THAT IS WHAT BROUGHT FORTH THE COMPLAINT FILED BY ME AS WELL AS 9 BROKERS. LET ME SAY THIS ONE MORE TIME SINCE THE FOCUS ISN'T WHAT FRANK DID BY ISSUING A PR THAT MADE PEOPLE BELIEVE THE BROADCAST DATE HAD CHANGEED BUT IT SEEMS TO BE U4TSAF2 WHO FLEW OFF THE HANDLE FOR NO REASON.
ONE MORE TIME: FRANK OLSEN BEING STUPID, RELEASED A PR THAT CHANGED A SIGNAL DATE OF EITHER A TEST A LAUNCH OR A SOFT LAUNCH. WITH THE HISTORY OF QBID, WITH WHAT FRANK OLSEN HAS DONE PROVEN BY HIS TRACK RECORD, WHEN THE BROADCAST DATE OF EITHER THE TEST DAY OR THE SOFT LAUNCH CHANGED, YOUR ABSOLUTELY 100% RIGHT I WAS ALL OVER IT AND FILED A COMPLAINT. I MAKE ABSOLUTELY NO APOLOGIES; TOO BAD.
THAT IS WHAT HAPPENED.
NOW HERE ARE THE CONTINUED FACTS OF WHAT HAPPENED. INSIDER STOCK INFO TRAVELS FASTER THAN NEWS IN THE MEDIA SO WHEN 9 LICENSES BROKERS FILED COMPLAINTS, NEWS SPREAD LIKE WILDFIRE. THAT FOLLOW DAY AFTER THE PR, AT AROUND 12PM, THAT NEWS HIT OF THE COMPLAINTS BEING FILED. IN A SINGLE HOUR, GET THAT, 1 SINGLE HOUR, THE STOCK TRADED 900 MILLION SHARES AND YOU ALL REMEMBER WHEN IT DROPPED THAT ONE DAY FROM .012+/- TO .0055. IRONICALLY, IF YOU REMEMBER, FRANK OLSEN RELEASED A PR AT 3PM THAT SAME DAY AFTER HEARING OF THE COMPLAINTS FILED TO "CLARIFY" THE LAUNCH DATE OF AGAIN, IT WAS EITHER THE TEST DAY OR THE SOFT LAUNCH. AFTER THAT PR WAS RELEASED TO CLARIFY BY FRANK OLSEN AT 3PM THE STOCK SURGED BACK UP FROM .0055 TO OVER .01 BETWEEN 3PM AND CLOSE OF THAT DAY.
FRANK OLSEN RELEASED THE CRAP PR. FRANK OLSEN IS THE ONE WHO RE-RELEASED A PR THAT SAME DAY TO "CLARIFY". EVERYONE SEEMS TO MISS ALL THAT AND I GUESS IT'S EASIER TO SAY U4TSAF2 FLEW OFF THE HANDLE THAN TO TAKE THE FACTS OF WHAT HAPPENED AND GO WITH THAT.
TO SAY U4TSAF2 FILED A COMPLAINT AND IT CAUSED ALL THAT TO HAPPEN MEANS YOU HAVE NO CLUE AS TO HOW THINGS WORK. BOY, TO THINK THAT U4TSAF2 COULD HAVE THE POWER TO CAUSE A 900 MILLION SHARE SELL OFF IN 1 HOUR MEANS YOU'LD BETTER BE REALLY NICE TO ME DON'T YA THINK? OH GET REAL!
MARCH 3, 2006
L2 QBID
4X4.00 6X3.99 5X3.98 2X3.97
RESISTANCE IS AT $4.00 AND IF WE CAN GET THROUGH THAT THE SKY'S THE LIMIT
quote:Originally posted by pharmdman: As I recall, you were the one who practically incited a riot to file complaints with the SEC. That doesn't sound like "always" to me!
Don't get me wrong, U4. I agree with much of what you say about missing info that has been promised. I just don't appreciate the "high horse" approach that you're taking with this. You went from mega-cheerleader, to psycho rioter/basher, now to devil's advocate/cynic. It just doesn't sit well after the spaz-out. Stop the Frank threats. Either sell your shares and sue him, or keep them and be quiet about it.
[This message has been edited by U4TSAF2 (edited July 23, 2004).]
quote:Originally posted by U4TSAF2: IN THAT SPECIFIC PR, THE BROADCAST DATE CHANGED FROM WHAT WAS STATED ALL ALONG. THAT IS WHAT BROUGHT FORTH THE COMPLAINT FILED BY ME AS WELL AS 9 BROKERS. Psss - They launched! Doesn't matter what day now, They had the soft launch.
MARCH 3, 2006
L2 QBID
4X4.00 6X3.99 5X3.98 2X3.97
RESISTANCE IS AT $4.00 AND IF WE CAN GET THROUGH THAT THE SKY'S THE LIMIT
Does this mean your back & your thinking differently??
quote:Originally posted by U4TSAF2: ...TO SAY U4TSAF2 FILED A COMPLAINT AND IT CAUSED ALL THAT TO HAPPEN MEANS YOU HAVE NO CLUE AS TO HOW THINGS WORK. BOY, TO THINK THAT U4TSAF2 COULD HAVE THE POWER TO CAUSE A 900 MILLION SHARE SELL OFF IN 1 HOUR MEANS YOU'LD BETTER BE REALLY NICE TO ME DON'T YA THINK? OH GET REAL!...
Actually, I never said that you caused all of anything. I simply pointed out that you were not "always" stating the Q was moving forward. You must think highly of yourself if you read that far into what I said.
And "for the record", you WERE the one that was inciting everything that day. I do know how things work, and that's why I suspect EVERYTHING you say and trust NOTHING that you say.
Also, do you see how CAPITALIZATION is more effective when it not used CONSTANTLY!
But, like I said already, if you don't believe in this stock at all, then sell and move on.
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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quote:Originally posted by U4TSAF2: WHEN YOUR RIGHT YOUR RIGHT.
GOOD POINT WHIZ. CHAPT 11 DOESN'T CLEAR THE DEBT THOUGH.
It doesn't clear ALL debt, but it does relieve much of the debt. It all depends on the circumstances. Usually for public utilities, they come out smelling pretty good.
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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quote:Originally posted by U4TSAF2: CHAPT 11 DOESN'T CLEAR THE DEBT THOUGH.
Chapter 7 is filed when you intend to stop all operations. The purpose of Chapter 11 is to preserve and strengthen the business so that you can best meet your financial obligations to your creditors. Chapter 11 Through a legal mechanism included under the Chapter 11 filing known as the "automatic stay," creditors are prevented from taking action against the company to collect any monies or property that they are owed. http://sec.broaddaylight.com/sec/FAQ_20_260.shtm
[This message has been edited by 1BigTip (edited July 23, 2004).]
posted
This thread is now 30 pages long. Seems like it was suggested that new threads were needed around 25 pages. Would this be a good time to one?
Posts: 1397 | Registered: Jun 2004
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As of March 31, 2004, RCN had available cash, temporary investments and short-term investments of $19.6 million, and $211.3 million of restricted cash. RCN's Common Stock became eligible for quotation on the OTC Bulletin Board under the symbol RCNC.OB on May 12, 2004. For information concerning RCN's restructuring process, please go to www.rcntomorrow.com.
RCN filed bankruptcy documents which are now on the web at www.bsillc.com. To access, click on "Case Information" at the bottom left of the home page which will take you to the disclaimer page. Scroll through the disclaimer page and click "I Understand and Accept This Disclaimer". On the following page, select "RCN Corporation" from the drop-down menu. Click the "Select" button, and on the next page, click on the "Documents" tab.
CHAPTER 11 REORGANIZES DEBT AND IN NO WAY "RELIEVES" ANY DEBT. IT MAKES PAYMENT TERMS AUTHORIZED BY THE COURT.
YOU DON'T FILE CHAPT 11 AND OWE X-COMPANY $1,000 AND AFTER CHAPTER 11, YOU NOW OWE THEM $0.00.
YOU DO NOT COME OUT SMELLING LIKE ROSES AFTER CHAPTER 11. IT NOW MEANS WHEN YOU NEED MONEY FOR WHAT-EVER, NO ONE WILL TOUCH YOU BECAUSE YOU HAVE OVER EXTENDED YOURSELF IN THE PAST.
CALL YOUR LOCAL BANK AND ASK THEM FOR A LOAN IF YOUR BUSINESS IS IN CHAPTER 11, EVEN IF IT'S SECURED BY COLLATERAL.
ADDITIOINALLY, CABLE COMPANIES ARE NOT PUBLIC UTILITIES.
FURTHER, WHEN A COMPANY EMERGES OUT OF BANKRUPTCY, THE SHARE HOLDERS GENERALLY LOSE THEIR REAR ENDS. WHAT MOST OF YOU DON'T KNOW IS THAT WHEN STOCK IS RE-ISSUED, THE BONDHOLDERS GENERALLY GET THE FIRST SHARES ISSUED TO REGAIN WHAT THEY LOST IN THE BANKRUPTCY.
quote:Originally posted by pharmdman: It doesn't clear ALL debt, but it does relieve much of the debt. It all depends on the circumstances. Usually for public utilities, they come out smelling pretty good.
CHAPTER 11 REORGANIZES DEBT AND IN NO WAY "RELIEVES" ANY DEBT. IT MAKES PAYMENT TERMS AUTHORIZED BY THE COURT.
YOU DON'T FILE CHAPT 11 AND OWE X-COMPANY $1,000 AND AFTER CHAPTER 11, YOU NOW OWE THEM $0.00.
YOU DO NOT COME OUT SMELLING LIKE ROSES AFTER CHAPTER 11. IT NOW MEANS WHEN YOU NEED MONEY FOR WHAT-EVER, NO ONE WILL TOUCH YOU BECAUSE YOU HAVE OVER EXTENDED YOURSELF IN THE PAST.
CALL YOUR LOCAL BANK AND ASK THEM FOR A LOAN IF YOUR BUSINESS IS IN CHAPTER 11, EVEN IF IT'S SECURED BY COLLATERAL.
ADDITIOINALLY, CABLE COMPANIES ARE NOT PUBLIC UTILITIES.
FURTHER, WHEN A COMPANY EMERGES OUT OF BANKRUPTCY, THE SHARE HOLDERS GENERALLY LOSE THEIR REAR ENDS. WHAT MOST OF YOU DON'T KNOW IS THAT WHEN STOCK IS RE-ISSUED, THE BONDHOLDERS GENERALLY GET THE FIRST SHARES ISSUED TO REGAIN WHAT THEY LOST IN THE BANKRUPTCY.
This is 100% correct. Anyone who thinks any different needs to look at what happened with KMART. All the original investors before bankruptcy lost 100%.
Posts: 1120 | From: San Diego, CA | Registered: Feb 2000
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1bt---did that dude say later that rcn wasn't the carrier he was referring to?? i thought he said 'his' carrier had over 2m subs, but maybe i'm thinking about it wrong or it was someone else--i didn't check back thru threads. anyhow, i'm looking to hear 'his' carrier (larger) to be announced as the 2nd to sign on. jmho
quote:Originally posted by 1BigTip: Remember that poster who called the carriage announcment and the PR on Wedsnesday?
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King - Yes he said they were signing contracts with a carrier with over 2 mill. subs. He was baffled seeing this one becuase its not what he heard. He then said that they are working on a PR to come out next week. (He said, not me)
quote:Originally posted by King Crimson: 1bt---did that dude say later that rcn wasn't the carrier he was referring to?? i thought he said 'his' carrier had over 2m subs, but maybe i'm thinking about it wrong or it was someone else--i didn't check back thru threads. anyhow, i'm looking to hear 'his' carrier (larger) to be announced as the 2nd to sign on. jmho
What's the point here? U4, appreciate all of your insight and information. But, I must ask, why are you posting? If you do not feel that QTV is on the right path, why waste this much energy? I agree that Frank hasn't been as diligent as he should have been, but, progress is being made. Lighten up!
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Hey I heard Gillette will start selling their products in KMART, Oh I guess Gillette will crumble becuase KMart filed Chapter 11.. The Products are still in the store and people are buying. GET IT?
Posts: 3026 | Registered: Apr 2004
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What's the point here? U4, appreciate all of your insight and information. But, I must ask, why are you posting? If you do not feel that QTV is on the right path, why waste this much energy? I agree that Frank hasn't been as diligent as he should have been, but, progress is being made. Lighten up!
I agree with you, sunny. However, he's trying too hard to save face from his psychotic moment several months ago.
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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quote:Originally posted by 1BigTip: KMART IS STILL IN BUSINESS!! NO?
PLUS WE ARE NOT INVESTED IN RCN! WHO CARES WHAT HAPPENS TO THEIR STOCK. THE POINT IS:::
Q TELEVISION IS GOING TO BE AVAILABLE THROUGH RCN. AND OTHERS TO COME...GEEZ YOU GUYS.
Is Enron still in business??? Not ALL bankruptcies end in continuing business!!! There are times that the plan is not sufficient and the company folds.
Not a reason to panic, but still a point of caution.
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