posted
We will see what news comes to us next week as a follow up to today's announcement . This will be a great marriage, being that the "Pride" and the "Q" are already bed partners
GO QBID!!!!!! Bring On The Green
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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Today is just what we needed to spark the kind of interest we had last year. I am hoping for a chance at taking the profit I failed to take last year now with the benefit of having held most shares for over a year.
quote:Originally posted by BlackWidow: Just wanted to give credit where credit is due. Hats off to Betting Babe from May 16, 2004! _________________________________________________
betting babe Member
Member Rated: posted 16 May, 2004 16:14 -------------------------------------------------------------------------------- Could Pridevision (Canada broadcast only) be teaming up with Qtv USA? From the Headline Media Group website, of which Pridevision is a subsidiary:
--> In December, 2003, PrideVision Inc. entered into an agreement to sell the Canadian operations of PrideVision TV. As part of the transaction, which is subject to approval by the CRTC, PrideVision Inc. will retain the rights to develop PrideVision TV outside of Canada, and a 9.9% interest in PrideVision TV’s Canadian operations.
And Annual and Special meeting of Shareholders report 2003 (dated Feb 26, 2004: --> objectives: Find a partner for Pridevision USA: No partner yet.. still working on this objective. --> Pridevision's SALE should generate a gain, projected for 2004
As krecik mentioned, Pridevison's programming was aired on Qtv's signal test this weekend.
This could answer a big question as to how Qtv plans to come up with a lot of quality programming really fast.
QTV makes PrideVision offer Friday, March 18 2005, 23:12 GMT -- by James Welsh
Q Television Network confirmed today that it has made an offer to purchase Canada's PrideVision TV.
"By acquiring Pride Vision, Q would be able to cut its expenses down on all of its programming costs," said Frank Olsen, president and CEO of the Q Television Network. "It is still early in the game but we feel confident with our bid to purchase the network and further expand Q and the Queer television movement."
No information was given on how much the offer was worth.
-------------------- Dont buy or sell on my opinions, do your research. Make sure you know what you are buying before you buy.
This is a non reporting pink sheet with very high risk. From high risk comes high rewards. Dont invest more then you can afford to lose.
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imakmony2005
unregistered
posted
wow no one ever gave me a welcome, just the story of my life, holding four million shares plus,and there not for sell.
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posted
OTTAWA — The head of PrideVision TV, Canada's gay-television channel, is caught in a bitter divorce battle with his ex-wife that could cost him control of the network. Twelve years ago, Bill Craig was a onetime CRTC staffer turned entrepreneur who lived with his wife and two children. Now, after setting up successful businesses in Bermuda, and a failed webcaster in Canada, he's in a seven-year-long same-sex relationship and is trying to rebuild the gay-TV channel he runs.
But this week, a $1.4-million debt owed to his ex-wife, Sally Craig, as part of their divorce settlement caught up with him. An Ontario Superior Court judge ordered a receiver be appointed over his income and his assets -- which consist mostly of his shares in PrideVision.
"This is classic War of the Roses stuff," Mr. Craig said in a telephone interview in Toronto, likening the court battle to the 1989 movie in which a couple played by actors Michael Douglas and Kathleen Turner engage in a bitter postdivorce fight over their house that ends up killing them both.
Mr. Craig and his ex-wife Sally, married for 19 years, separated in 1993.
Although he now makes $120,000 a year from a numbered company, Madam Justice Nancy Backhouse expressed skepticism that Sally Craig would be able to collect the money she is owed out of that income, paid through a numbered company.
She ordered a receiver to take control of Mr. Craig's income and assets, which he listed as a 2000 Jeep, the potential proceeds from a lawsuit filed in Bermuda, and his 24-per-cent controlling stake in PrideVision.
!!!!!!!!!Read Below it looks like he does not want to sell!!!!!!!!!
Mr. Craig said that if a receiver moves to sell his shares, they won't be worth much now. And the sale would also prompt the resignation of the executive leading the channel's turnaround plan -- namely, him.
"They're welcome to liquidate it [the controlling stake.] At the moment it's losing money," Mr. Craig said in an interview. "It'd be kind of a dumb thing to do."
"The alternative is to leave it in place, and to let it come to fruition, and let it evolve into an enterprise that can support my wife's needs."
Backed by a group of investors, Mr. Craig stepped in as a so-called white knight last year to buy money-losing PrideVision for $1.4-million, plus taking on $1.1-million in the company's existing debt.
!!!!!!Our only hope is if it has been taken away from him!!!!!!!
Critics like gay-culture columnist Richard Burnett had by then begun to pan the channel for drifting to a mix of reruns, workout shows, and nighttime porn.
Mr. Craig said his efforts to turn the company around include a new licence and deals with cable distributors that will next month move the channel into bundles where it will be sold as part of a cable package with other stations, winning a bigger subscriber base.
PrideVision is renaming its main channel Out TV for inclusion into regular-grid bundles, and has obtained a licence to operate another channel, to be called Hard.
Mr. Craig's best-known legal battle came in 1999 when he launched the ill-fated ICraveTV.com, a website that grabbed the signals of television in Toronto and streamed them over the Internet.
ICraveTV was deluged with legal threats. Mr. Craig eventually gave up, deciding the technology was not working, anyway. [B][/B]
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posted
Now wasn't there a guy TV in France we were partnering up with for the Gay Games. Maybe Franks plan is since things are not moving fast enough for him that he will by pass normal routes and buy up gay networks with carriers already. Then make this multi-national. I know thats just speculation but as hard as he has worked to make this a premimum programming, I am sure he doesn't want to wait around for anything. JMHO
-------------------- Learn the hard way with pennies
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posted
we will see in the near future as this whole thing unfolds
the thing that i find encouragin is that the pride network has survived on a mere 175,000 subscribers in Canada.
that should be an easy number to attain in the USA there are only 30 million people in Canada. that is onl one half of one percent of Canada that is subscribed.
if we got one half of one percent of the US to subscribe this would be an amazing deal for us.
i can see us getting a lot of press over this acquisition if it all goes throw.
i think Frank could turn Pride into an instant revenue base as we already have the programming to introduse the sprk back into Pride. as was stated in one of the messages about Pride and Bill Griag, one of the big problems with pride right now was the fac tthat there was too many reruns and no new material. this would be a very easy fix by syndicating q live and Qon the move on pride for a while.
the more i think about this the more i think we are going to make this happen.
hang tight people we may need to fiigure out how to handle the increase in pps.
Rod
-------------------- Dont buy or sell on my opinions, do your research. Make sure you know what you are buying before you buy.
This is a non reporting pink sheet with very high risk. From high risk comes high rewards. Dont invest more then you can afford to lose.
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posted
It is dated 03/11 , this article had more info than most:
I do not know why the most important part of the article didn't get copied into my first post I think I lost it trying to make it bold:
Mr. Craig said that his backers would remain in control of the company if his shares are sold, because a shareholders agreement guarantees them approval of a new shareholder.
But the uncertainty may be coming at exactly the wrong time. Mr. Craig's plans include a relaunch of the station lower down the dial as soon as next month, which could quickly boost its value.
posted
Hope you are all about to enjoy the spring break this coming week. The grandson and I are hanging out in Palm Springs for the next week, have been here since yesterday. The weather is great here in the heart of "Q" country.
Really looking forward to next week, will be sitting by the pool with the laptop and watching in between soaking up the rays
GO QBID!!!!!! Bring On The Green
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by Doctoall: Hope you are all about to enjoy the spring break this coming week. The grandson and I are hanging out in Palm Springs for the next week, have been here since yesterday. The weather is great here in the heart of "Q" country.
Really looking forward to next week, will be sitting by the pool with the laptop and watching in between soaking up the rays
GO QBID!!!!!! Bring On The Green
You should stop by the office and send Frank and Rene my warmest regards!
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. This will be a great marriage, being that the "Pride" and the "Q" are already bed partners ![[Big Grin]](biggrin.gif)
