posted
The individual who originally posted this from RB is a basher. Check all his/her posts on the "Q" .. all negative... I'm holding 3.5 Mil...
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I am going to answer 2 posts at the same time. My first answer is for Rich735, my second for skyken:
Rich I know you believe in QBID and are only asking for legitimate feedback on comments made on the Raging Bull message board. I respect that, and this is what I think about the two Raging Bull posts you have provided to us.
1) I don't trust anything posted on Raging Bull, because that seems to be a hotbed of pumper-dumpers. The same person posted both messages. I think this indicates which side he is on. Since I am positive about QBID, I tend to reject unsubstantiated negatives from anyone.
2) Regarding the first post, I believe Renne really did say he is concerned about beng able to pass a total audit, which I say is an honest answer to a difficult question. I also believe Frank and staff are doing what they can to pass that audit, which is the first step to moving off the pinks. Again, an honest attempt to fix a difficult situation. Sure, I wish Renne had said he saw "no problem" passing the audit, but I think his answer shows that he is being upfront and honest about QBID's current situation. I would be much more concerned if Renne had assured us there was "no problem" moving off the pinks. Realistic answers are the first sign of honesty. So, my summary about this comment is "So what?"
The next post is a classic basher ploy: "Plant the seed of doubt by presenting the appearance of dishonesty and the spector of unexceptable risk." None of it is substantiated, proven or likely to be true.
Now for my amswer for skyken: Assuming I understand your comment correctly ("damn that's not good"), it is exactly the reaction the bashers want. You are the perfect audience for bashers. They have planted the seed of doubt in your mind by telling you an unsubstantiated negative, and it appears you have accepted their negatives without question. Do you also believe that Frank and staff "screwed" previous investors and are ready to do the same to us? Do you believe the risk of losing your investment is now too high to continue as a shareholder? If so, sell at the open Tuesday morning . . . and watch the rest of us make some serious bank. If, however, I have misunderstood your comment, please let me know and I will apologize for doubting you.
-------------------- Everything I say is only my opinion ... right or wrong.
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Thursday, February 17, 2005 QBID Meets with Counsel to Discuss Exchange
PALM SPRINGS, Calif.—February 17, 2005 – Q Television Network, (Pink Sheets: QBID) announced today that they are meeting with counsel to discuss the best strategy to become a fully reporting, listed company. "We will be meeting with specialists in the coming weeks to decide the best way to position the network to begin trading on a listed exchange,” said Frank Olsen. "Our company has advertisers, carriers, and now subscribers. It's time to take it to the next level." The exchange the network will be listed on is unclear at this time. The company needs to meet certain requirements before that can be announced. “We are working toward moving QBID onto an exchange where market makers must show their shorts. We feel that our stock is constantly being manipulated, and in thinking of our loyal shareholders, we want to do this in a way that will not compromise their current holdings,” Olsen continued. About Q Television Network: This television network was organized to create and develop a network devoted to providing television programming for the gay and lesbian community. While the company expects much of its subscriber base to be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public. The company's programming will be available on a subscription basis to those desiring its programming. The network will broadcast 24 hours per day, 7 days per week. Providing distribution via satellite ensures availability of the network across the United States, including Alaska, Hawaii and Puerto Rico. For further information on programming and subscriptions, please visit www.qtelevision.com. Safe Harbor Statement: As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the television network's ability to execute its business model and strategic plans; and the risks described from time to time in the company's Securities and Exchange Commission filings.
(c) 2005 Q Television Network. Designed for Internet Explorer. FEEDBACK INVESTOR RELATIONS FREQUENTLY ASKED QUESTIONS
quote:Originally posted by Peaser01: Can anyone verify this conference call? [/QB]
Peaser I don't have the exact date that Renne made this comment, but I do remember that he made a comment similar to this several months ago. I don't dispute it, nor do I think it is anything to be concerned about. Seems like a pretty upfront and honest comment to me. Please read my reply to Rich735 and skyken a couple posts above this one. Then let me know if you have more questions. From what I have observed, you are an honest QBID investor, and I respect your comments and questions.
-------------------- Everything I say is only my opinion ... right or wrong.
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posted
As long as it was months ago, there is no worries. I'm guessing that a basher just wanted to get a rise out of everyone. Was there ever a conference call announced in the last week?
quote:Originally posted by Peaser01: As long as it was months ago, there is no worries. I'm guessing that a basher just wanted to get a rise out of everyone. Was there ever a conference call announced in the last week?
Not aware of any recent or scheduled conference calls, but I won't say no unless I know for sure. I think the Renne comment is really old . . . from the early days before they got serious about moving off the pinks. Sounds like they now have some heavy hitters working for them . . . and it also sounds like some of Renee's original concerns may have been resolved. Almost anything can be fixed with enough time, effort and money. So, Renne's old concern about moving off the pinks may be a moot point by now. I hope so, but we just have to wait and see. Waiting for QBID to be born is very similar to waiting to be a parent. No matter how much you want to hurry the process, it takes as long as it takes and not a day less.
-------------------- Everything I say is only my opinion ... right or wrong.
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quote:Originally posted by cement shoes: The individual who originally posted this from RB is a basher. Check all his/her posts on the "Q" .. all negative... I'm holding 3.5 Mil...
cement Welcome to allstocks. I haven't seen you post here before, but it appears you have been watching QBID long enough to think it is worth your time and money. Hope to hear from you again.
-------------------- Everything I say is only my opinion ... right or wrong.
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posted
my first instinct was to tell you never believe anything over at Raging bulls. but then i thought i should at least read what you where referring to.
what he has posted as Rene's words was 100% accurate but was only 60% complete ( a typical basher tactic, use partial truths and partial quotes to make it sound worse then it is) here is his actual statement from the below link
Rene: As you know when TMM was purchased we purchased a shell company and we then filled the shell up with assets that we had like the network. Unfortunately for us the shell that we bought was not as clean as it had been represented to us when we bought it. So it is highly unlikely that we can ever pass an audit. We can pass a financial audit we cannot pass an Edgar audit on the shareholder base. So it is very unlikely that we are going to get off the pinks for quite some time. However, that doesn't mean we aren't looking around to go and see maybe some innovative way to get off the pink sheets and get onto an exchange but it is too early for me to answer that. besides, there is a lot of work to be done and I don't want to be quoted as saying, "we're going to be off within a certain period of time."
note his tone is not we wont, but will not be right away and we are working on it.
here is the actual conference call that took place in October of 2004 not exactly sure of the date but i can get that for you
quote:Originally posted by Penny-Trader: here is the actual conference call that took place in October of 2004 not exactly sure of the date but i can get that for you
read it over.
by the way what was posted as Rene's words was 100% accurate but was only 60% complete ( a typical basher tactic, use partial truths and partial quotes to make it sound worse then it is) here is his actual statement from the below link
Rene: As you know when TMM was purchased we purchased a shell company and we then filled the shell up with assets that we had like the network. Unfortunately for us the shell that we bought was not as clean as it had been represented to us when we bought it. So it is highly unlikely that we can ever pass an audit. We can pass a financial audit we cannot pass an Edgar audit on the shareholder base. So it is very unlikely that we are going to get off the pinks for quite some time. However, that doesn't mean we aren't looking around to go and see maybe some innovative way to get off the pink shees and get onto an exchange but it is too early for me to answer that. besides, there is a lot of work to be done and I don't want to be quoted as saying, "we're going to be off within a certain period of time."
note his tone is not we wont, but will not be right away and we are working on it.
quote:Originally posted by Peaser01: Thanks Rod. Good price to buy the Q I think.
Could Q buy another shell that is an OTCBB, and dump the old one?
That sounds like it could be a very "innovative" way to move to the OTCBB's.
Peaser Interesting idea. I hope they can clean up the existing shell since it appears they have spent some time and money already, but I guess if that were to fail they might consider another shell.
Until I started following QBID, I didn't know it was possible to buy an existing shell and turn it into a totally different company. Makes sense, I guess, like buying an existing building and using it for a totally different purpose. Saves time, money and resources and lets you get on with your real job of creating a viable operation.
-------------------- Everything I say is only my opinion ... right or wrong.
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posted
i think they are going to clean up the one they have, that is why they spent the money to get the auditors in and help clean things up. Its like a credit rating, if you do certain things and if enough time and money is available you can clean anything.
I'm not worried about it too much, That was 7 months ago that Rene has stated those words, I'm sure they have been working out the bugs for some time on this one. lets face it. until they are up and running with the backing then needed and i believe they now have, they needed to be on the pinks, I'm sure that the whole time they have been dumping and buying shares on this thing to get by, that is why they are on the pinks, they have no rules they have to follow and do what they have to survive.
But now they are at a point where it is more advantageous for them to get off the pinks. they will not be looked at seriously by the big carriers, until they can prove they are a viable company that is not going to close doors on them and run after 2 months of operation.
so until they get off the pinks they are not going to be able to prove this to the carriers.
at the very least they have to start reporting so that thier business plan can bee seen and they can be judged by the carriers.
it costs a carrier a lot of money to set up a channel for carriage, and they want to make sure they can recoup their costs of doing so. a couple months and then the company goes under serves them nothing but headaches, and lost revenue.
I truly believe that we will be off the pinks very very soon.
the fact that the buyback is going on is big evidence to me that they are in a hurry to get it done.
the wording in the pr about the buy back was that they are going to "begin immediately an aggressive buyback of our shares" is evident in the aftermarket sales we have been seeing over the last month, and Fridays display showed us a very aggressive buyback.
they are close to 1.5 billion bought back already is my feeling and they are almost done this round. I stated at the beginning of this that with the money they have and the price they are buying back at, that i felt the buyback would take till may 31 and that they would buyback roughly 1.44 billion. It appears that we have hit that number and have gone beyond. Which would indicate that they have some more money that they have thrown at this effort.
at the end of the day after all is said and done, this company is setting itself up for a major success in my honest opinion.
We have seen more forward movement in this company since January 1 st this year then we have in the 6 years prior to that. this it the final push to success, they are just now breaking the crest of the hill, the struggle is almost over and the momentum is going to pick up just on the other side of that crest. I believe we are beyond the point where Frank can screw this up now.
As my buddy Whiz always said, "All we ever had to do was launch" now it is a matter of time, and i believe that most of the time has gone by now.
Frank is not about to fail on this. He is going to succeed or die trying. I myself am confident enough in him to give him the room to do his job. After all this is not his first start-up network but it is mine. I feel he knows what he is doing and he is impressing a lot of brass in the decision making seats of the big carriers. He has the content, he has the right people, he has the right timing, and most of all he has an understanding of what the GLBT community wants as he and his team are part of that community.
OK this is getting way to long winded now i'm going to end this here lol
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
I've just been reading the posts here as I frequently do. I was on the conference call in real time when it took place and I remember that renee said that stuff about a bad shell. I don't want to seem naive, but Frank and Renee must think that they have a chance to change to the otcbb or they would'nt be trying. Would'nt it be fraud for them to say that they are doing what they are doing if they were'nt trying?
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posted
Right on PT. Thats a good and encouraging analogy of the current events. I'm getting excited about whats going on. This is the closest that i've been to it looking like I will score huge profits from a penny stock. I think I have around 16k+ invested in this right now. I should work it so I have free shares.
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posted
I believe that they are fixing the inconsistencies in the original shell. It makes sense. They are probably almost ready for a switch to the OTCBB IMHO. It could be next week, or it could be another month or two. The news will be pretty big whenever it comes out.
posted
not to sound negative, but they are not being fraudulent in stating that they are trying to do something and failing in the effort.
that is like saying the the doctor in an emergency situation is going to try to save a life and fails in doing so.
Its not fraud to say you are going to try and fail. It is Fraud when you say you will try but don't even bother.
I honestly don't believe that we will fail at getting off the pinks. The bashers are going to throw anything they can out there to cause us to worry, but the fact of the matter is, they cannot make Frank fail to take us off the pinks, all they can do is cause you to fail to hold on to your pinks.
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
You are right, but know this it will come out!! ( no pun intended )
quote:Originally posted by Peaser01: I believe that they are fixing the inconsistencies in the original shell. It makes sense. They are probably almost ready for a switch to the OTCBB IMHO. It could be next week, or it could be another month or two. The news will be pretty big whenever it comes out.
-------------------- 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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quote:Originally posted by suzainiee: ......something to think about on a long weekend.
When "THE BIG ONE" PR is released, what will be the immediate results..one day....one week?
What do you think and why?
The only big PR they can have for this month is one of the following, IMHO:
1) Announcement of more than 15,000 new subscribers with POD carrier (starts June 1st) (One day target: .013, One week target: .011 on profit-taking, NOTE: SUBJECT TO CHANGE - if the number of new subscribers is over 50,000)
2) Announcement of a huge carrier. Gotta be big name or the new Verizon carrier. (One day target: .018, One week target: .015 on profit-taking)
3) Announcement that they are setting a date to be fully reporting (???. Look at PLNI and double the PPS that PLNI is seeing because QBID has more current million-share-plus stakeholders/investors)
4) Announcement that they are being bought by Pridevision, hereTV, VIACOM, or other network. (???, depends on the purchase price, they'll announce how much per share the buyer is offering. NOTE: Q TELEVISION, IMHO, WILL NOT BE BOUGHT UNTIL THEY ARE FULLY REPORTING, AND FULLY REPORTING THE NUMBER OF SHARES THEY HAVE)
Those are the only four things that will get this stock past a penny again. Anything else that makes it move is just daytraders, charters, or MMs fluffing a tiny PR.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO.
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posted
Right now I think it is more important to be reporting than on another exchange. Once Frank begins to report all the numbers will be available. The bashers will not have anything to legitimately bash. With all the buy backs, the PPS should come to a reasonable level and hold. I believe there is a minimum price over a 12 month period that an OTBB stock must maintain.
I am sure the reporting issue should clean off a lot of rust and show the shinny armor underneath. Frank is trying to show the investors he is building good network and in return will reward them with rise in PPS. It is easier to damage something than fix it.
Up until now they have done a pretty good job including clean up some of the skepticisms. We know something big is coming in the next couple of weeks, so that means the bashers will be out in full force. When you read what the bashers post, see what they have left out or altered. Seems every time they post it is one of the 2 items.
As for getting on the other exchange before the end of June, I think Frank has more work to do. I am more interested in him fully reporting first so I can firm up my math and see where we are truly going without guessing. The exchange issue will follow shortly after.
Basically, there was a Triangle broadcasting station named "GAAY" that was sold to TMM (QBID) and individuals on some boards think that it was sold to Frank directly or something.
Essentially, there was a combination (this was when QBID was relatively unknown) and some of the GAAY shares were semi-reverse-split into the new QBID shares. Then the stock tanked, and a lot of GAAY shareholders got burnt.
If Frank sells to someone other than a big name, the same thing *could* essentially happen. But Frank is far more experienced, and they've been in this business for so long now (the GAAY to QBID transfer happened in 1999) that even Frank's lackey's lackeys know more than the GAAY leadership knew about broadcasting back then.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO.
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posted
Thanks everyone!! I really didn't believe it myself. I just saw it on IHUB and wanted to bring it to the people I trust. Thanks for your honest answers. I still believe in the Q!!
quote:FROM THE CONF. CALL...By Renee (CFO): As you know when TMM was purchased we purchased a shell company and we then filled that shell up with assets that we had like the Network. Unfortunately for us the shell that we bought was not as clean as it had been represented to us when we bought it. So it highly unlikely that we can ever pass an audit, we can pass a financial audit we cannot pass an Edgar audit on the shareholder base. So it is very unlikely that we are going to get off the pinks for quite sometime.
This conference call was about 6 months ago. The problem is that GAAY when it was purchased didn't do proper bookkeeping so the number of shareholders was not well known. But all shareholders were supposed to have converted by a specific date in 2001, I believe, so it shouldn't be an issue anymore, unless the SEC has some sort of rules on that. I wouldn't fret it. Perhaps someone can send an email and ask Frank or Richard to clarify.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO.
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posted
I did email Richard,probably won't hear back until Tuesday if ever. I've email IR 3 times in the past with no responses. Not a very good way to take card of shareholders!
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posted
I asked for the outstanding shares Probably not a good question to ask, but I might ask again for an estimate within 10 billion shares. I'd think they'd be able to provide that. My only concern is the OS is like 35 billion or something. I know Frank is authorized to have 50 billion outstanding, but it's very unlikely were past 20 billion. I'd be very interested if there's been more dilution though, and I really wish the Pink Sheet stocks were required to inform investors when they did *any* kind of dilution. It'd help keep them honest.
Don't get me wrong, Frank is most likely doing a buyback, but I can't help but wonder if he diluted on Friday bigtime to try to shake more investors into selling. If he can do that, then more investors will sell on Tuesday and the volume goes up so that he can buy back even more.
Until this company is fully reporting, we have to assume that Frank is NOT on the long-term investors side and is playing the stock like an MM would. If he can get it to do a huge drop to .0017 again, then he can buy a lot more on Tuesday and then let it fly like it does everytime it breaks the .0020 barrier.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO.
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quote:Originally posted by cement shoes: The individual who originally posted this from RB is a basher. Check all his/her posts on the "Q" .. all negative... I'm holding 3.5 Mil...
cement Welcome to allstocks. I haven't seen you post here before, but it appears you have been watching QBID long enough to think it is worth your time and money. Hope to hear from you again.
Been in this since "03". I remember when you could pick up the phone, call Palm Springs and Frank would answer directly. This company has come a long way since then. Like Whiz says.. Frank will probably sell if the price is right.. Hope to see .01 soon and go from there.
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posted
I like this response to that SEC crap from malebaboon at iHub:
re: RB poster gwbush14 - also note in the bogus PR that Frank Olsen is named as the the 'sole officer'. He is not the the 'sole officer'. There are others. Also this:
"After numerous complaints filed from shareholders it has come to our attention to properly perform a formal investigation. "
Who is the collective 'our' that is stating this? If this is a QBID release are they doing their own investigation?
If not, then it must be the SEC putting out this BusinessWire PR. Since when does the SEC put out BusinessWire PR's?
I believe that if someone wanted to trouble themselves with a formal complaint to the SEC gwbush14 could be in some trouble. Bogus PR's that are not clearly stated to be such DO cross a line, and can be punished.
MB
-------------------- "True Wisdom Only Comes From Pain"
quote:Originally posted by Penny-Trader: i think they are going to clean up the one they have, that is why they spent the money to get the auditors in and help clean things up. Its like a credit rating, if you do certain things and if enough time and money is available you can clean anything.
I'm not worried about it too much, That was 7 months ago that Rene has stated those words, I'm sure they have been working out the bugs for some time on this one. lets face it. until they are up and running with the backing then needed and i believe they now have, they needed to be on the pinks, I'm sure that the whole time they have been dumping and buying shares on this thing to get by, that is why they are on the pinks, they have no rules they have to follow and do what they have to survive.
But now they are at a point where it is more advantageous for them to get off the pinks. they will not be looked at seriously by the big carriers, until they can prove they are a viable company that is not going to close doors on them and run after 2 months of operation.
so until they get off the pinks they are not going to be able to prove this to the carriers.
at the very least they have to start reporting so that thier business plan can bee seen and they can be judged by the carriers.
it costs a carrier a lot of money to set up a channel for carriage, and they want to make sure they can recoup their costs of doing so. a couple months and then the company goes under serves them nothing but headaches, and lost revenue.
I truly believe that we will be off the pinks very very soon.
the fact that the buyback is going on is big evidence to me that they are in a hurry to get it done.
the wording in the pr about the buy back was that they are going to "begin immediately an aggressive buyback of our shares" is evident in the aftermarket sales we have been seeing over the last month, and Fridays display showed us a very aggressive buyback.
they are close to 1.5 billion bought back already is my feeling and they are almost done this round. I stated at the beginning of this that with the money they have and the price they are buying back at, that i felt the buyback would take till may 31 and that they would buyback roughly 1.44 billion. It appears that we have hit that number and have gone beyond. Which would indicate that they have some more money that they have thrown at this effort.
at the end of the day after all is said and done, this company is setting itself up for a major success in my honest opinion.
We have seen more forward movement in this company since January 1 st this year then we have in the 6 years prior to that. this it the final push to success, they are just now breaking the crest of the hill, the struggle is almost over and the momentum is going to pick up just on the other side of that crest. I believe we are beyond the point where Frank can screw this up now.
As my buddy Whiz always said, "All we ever had to do was launch" now it is a matter of time, and i believe that most of the time has gone by now.
Frank is not about to fail on this. He is going to succeed or die trying. I myself am confident enough in him to give him the room to do his job. After all this is not his first start-up network but it is mine. I feel he knows what he is doing and he is impressing a lot of brass in the decision making seats of the big carriers. He has the content, he has the right people, he has the right timing, and most of all he has an understanding of what the GLBT community wants as he and his team are part of that community.
OK this is getting way to long winded now i'm going to end this here lol
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