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!"

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. 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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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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Thats investor 101

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

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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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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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.

quote:

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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.

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>

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

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

and eat a lot of candy!

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).]

quote:

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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>

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

" 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

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:

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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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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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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??

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

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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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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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.

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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