Sorry bro, nothing to hide here. My Forum is open and I have nothing at all to hide. ===============================================
Muy Bueno qrocker ! I KNEW you were an honerable hombre. To show my gratitude, I just signed up on your website......for whatever the hexx thats worth. LOL
CC
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, beer in the other, body thoroughly used up, totally worn out and screaming...
quote:Originally posted by caribbeancowboy: qrocker Member
Sorry bro, nothing to hide here. My Forum is open and I have nothing at all to hide. ===============================================
Muy Bueno qrocker ! I KNEW you were an honerable hombre. To show my gratitude, I just signed up on your website......for whatever the hexx thats worth. LOL
CC
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, beer in the other, body thoroughly used up, totally worn out and screaming...
Damn, What a ride!!
Geez you sound like alot of my patients totally worn out and screaming, well until they get the Vicodin 5 stars to you.
I am going to be in Vegas over the Labor Day Week-End, sure wish that the "Q" popped before then so maybe we could have that "Q" party at the same time.
-------------------- 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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posted
Looks like we're gonna slide into a half billion shares traded day, with little Q holding her own. Still wish I knew what caused all the ruckus today.
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quote:Originally posted by Hopeful Trader: Looks like we're gonna slide into a half billion shares traded day, with little Q holding her own. Still wish I knew what caused all the ruckus today.
Something is up and that's for sure, IMO I would expect that we will see a great PR soon
-------------------- 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: I am going to be in Vegas over the Labor Day Week-End, sure wish that the "Q" popped before then so maybe we could have that "Q" party at the same time.
Doc I will be in Vegas August 21-25 and have been wishing for the same thing. Since that is over a month away, maybe my (our) wish will come true.
Too bad our visits won't overlap. I would like to meet you even without a "Q-celebration".
Where are you staying (and playing?) in Vegas?
-------------------- Everything I say is only my opinion ... right or wrong.
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quote:Originally posted by Doctoall: I am going to be in Vegas over the Labor Day Week-End, sure wish that the "Q" popped before then so maybe we could have that "Q" party at the same time.
Doc I will be in Vegas August 21-25 and have been wishing for the same thing. Since that is over a month away, maybe my (our) wish will come true.
Too bad our visits won't overlap. I would like to meet you even without a "Q-celebration".
Where are you staying (and playing?) in Vegas?
Yea we will be there for a Youth Soccer Tournament, off to Portland OR (Lake Oswego) area the week-end of July 21-24th if there are any Qbiddians in that area
-------------------- 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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posted
Doctoall quote: Geez you sound like alot of my patients totally worn out and screaming, well until they get the Vicodin [Big Grin] 5 stars to you. =============================================== Doc, There's noth'n more than I'd like to do than belly up to the bar in Vegas ("Wild Turkey" white label around the house) with you and the rest of my instructional amigos on this board. But to be honest, if you met me...........YOU'D HAVE ME ADMITTED ...somewhere !
I'll be off to Rio in my brand spank'n new motor yacht (with my dog of course).
Gracious for the vote of confidence for an inspiring ...I' mean aspiring investor. CC
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posted
what do those L2's look like? primarily all sales coming through for a wwhile now....back to old levels sitting at 19 right now....maybe this was all on false info. after all. didnt dump this time...o well there is always monday to clear this up
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posted
Now playing: Gay Games vs. Out Games Are two games better than one?
By LOU CHIBBARO JR. Friday, July 15, 2005
A breakaway organization promoting an international gay and lesbian sports competition in Montreal in July 2006 called Out Games has registered more athletes and teams than its rival Gay Games event, which is set to take place in Chicago two weeks earlier. But supporters of both events say it’s too soon to determine which one will draw the most participants and spectators as both sides wage an aggressive campaign to sign up paid registrants.
The two sides are pushing their campaigns through Web sites published in several languages. Elected officials and business leaders in both cities have joined the gay organizers to help promote the two events in an unprecedented effort to lure millions of gay tourist dollars to their hometowns.
At first, many gay sports enthusiasts predicted the two competing events would lead to a financial disaster for both and would dilute and split apart what had become a unified quadrennial gay event. Now some are wondering whether the competition has triggered an unprecedented professionalism and such an overwhelming desire to come out ahead of the other that both events might turn out better than past Gay Games — both in attendance and the bottom line.
Out Games has registered 5,600 participants, including at least 1,500 Americans. Gay Games has about 3,000 participants for the Chicago events. Both sides said the participants who signed up come from more than 20 countries, with most expected to come from North America. Each side predicts at least 12,000 participants will attend their respective events.
The two sides are also competing to line up gay choruses and bands from Europe and North America. In recent years, the Gay Games evolved into a cultural festival as well as an athletic event, with extravaganza performances by choruses, bands, and top-name entertainers at opening and closing events.
The San Francisco-based Federation of Gay Games was formed by the late gay Olympic athlete Tom Waddell in the 1980s. Waddell almost single-handedly put together the first Gay Games competition in San Francisco in 1982 following a legal ruling initiated by the International Olympics Committee that forced him to drop the name “Gay Olympics.”
The gay international sporting competition continued every four years since under the Gay Games title. The founding event in 1982 drew 1,350 gay and lesbian athletes mostly from North American and Europe, according to Roger Brigham, communications director for the Federation of Gay Games. The number of participants jumped to 12,500 in New York City in 1994, to a record 13,000 in Amsterdam in 1998 and dropped back to 11,000 in Sidney in 2002, Brigham said.
Shortly before the Sidney games were held, the FGG named Montreal the winner in a competition among gay sporting associations to sponsor the 2006 Gay Games. A short time later, the Montreal organizing committee, Montreal 2006, says it lined up generous sponsors from some of Canada’s largest corporations and persuaded the governments of Montreal, Quebec, and the national Canadian government to sign on as “partners” to the event and to kick in $1 million each to help finance the games.
The committee called those developments historic, saying Canada’s entire governmental establishment had endorsed and agreed to help subsidize an international gay sporting event.
What happened next takes on an entirely different perspective and interpretation among the Gay Games and Out Games leaders.
The Gay Games in Sidney, while hailed as a highly successful sports event, turned into a financial disaster, with millions of dollars in debt and gay and gay-friendly vendors left with unpaid bills. Coming on the heels of similar financial problems with the games in Amsterdam and New York, the FGG pushed through a series of rules changes that required the Montreal committee to turn over financial control of the event to the FGG. Up until that time, the committees for the host cities had full financial control over the events.
Among other things, the FGG wanted Montreal to scale back its initial budget from 24,000 participants to 12,000, saying a 24,000 turnout appeared unrealistic and could lead to financial problems similar to Sidney’s. FGG officials also requested that Montreal not link its sporting events to a planned international gay rights conference and to Montreal’s annual Gay Pride event known as Diversité. In addition, the FGG objected to the Montreal committee’s plans to link the Game Games to circuit parties.
“This just came out of the blue after we put together a detailed and what we thought highly successful business plan,” said Mark Tewksbury, an Olympic athlete and one of the Canadians organizing the Montreal Games.
Tewksbury and other leaders of Montreal 2006 called the FGG rule changes unfair. They point out that nearly all of Montreal’s plans for the 2006 Gay Games had been submitted to the FGG as part of Montreal’s bid for the games. No one raised objections to any of these proposals at that time, Tewksbury said.
Brigham, the communications director for FGG, said the organization’s international governing body, which includes representatives from nations in Europe and North America, approved the rules changes after assessing the financial problems encountered by Gay Games committees in New York, Amsterdam, and Sidney.
“The income projections have always been overblown,” he said. “We are concerned about hurting local gay businesses,” he said, noting that gay-owned businesses that have provided services to help put on the games often have been stiffed when the committees run out of money.
Brigham said FGG officials also decided — based on what he said was consultation with gay sporting teams in North America and abroad — that the Gay Games should stick to its original role as a sports event, with some performing arts and cultural activities like gay chorus and band performances. Linking the games with other events such as circuit parties, political conferences, and Pride events — as proposed by Montreal — would not be consistent with the Gay Games and its “mission” to promote the gay sports movement, Brigham said.
Montreal organizers announced that a new entity – the Gay & Lesbian International Sports Association — and would take bids for Out Gays II in 2010. In March 2004, the FGG named Chicago as the host city for the “official” 2006 Gay Games.
Rachel Corbet, executive director of Montreal 2006, said, “It is hard for a lot of GLBT people to come to the U.S.” U.S. immigration policies ban people with HIV from entering the country unless they get a special waiver. She also points to hostility toward the U.S. war in Iraq and to President Bush in general by many Europeans. With Canada’s decision this year to legalize same-sex marriage and Montreal’s reputation as North America’s most gay-friendly city, Corpet said Montreal is far more likely to attract far participants from countries outside of North America.
Boyer notes that the U.S. routinely waives its immigration restricts for people with HIV for special events like the Gay Games. Boyer said another draw for Chicago is the decision by newly formed gay cable television network QTV to provide live television coverage of the Gay Games for saturation coverage. QTV is waiving its fee for the game by unscrambling its channel to allow any cable TV subscriber to watch the games if their local cable company carries the QTV network, Boyer said.
“I’m not happy with the way this has happened,” Tewksbury said. “But it takes two for this to happen. It wasn’t just one-sided. Now each side has to do its best.”
posted
Qrocker, Doc has brought actual posts to the board. he has brought forth statements made by frank on the website stating that all information will come out in the form of a pr.
he is not saying that your info is true or false, he is stating that he has not as of yet confirmed it for himself. I also happen to have my doubts about this document.
I see you as the one that is not a team player. it seemed to bother you that we all have stood behind our dear friend Doctoall.
Doc is not trying to be a leader, no one here is a leader. It appears though that you want more praise from this board then what you are getting here.
Its not that we dont believe you, this board is different from most, for the most part most of get along and respect each other. we all look out for each other and we want to get to the bottom of anything that is brought here as dd or info
we thank you for bringing us this info, but please do not get ugly at us if we want to verify your info.
respectfully yours
Rodney
QUOTE]Originally posted by qrocker: Doc, I find it funny you bring this up now. Why, because do you think the document is false? I am not trying to ruin your credibility here doc. I mean really, it almost six months old and we're all aware of that PR.
FYI Doc - This is a joke and because this seem s to be your board, and you want to be the key person for information, I will not visit here any longer.
have a great Q day. Not much of a team player are ya. Please, call Frank for yourself and grow up.
qrocker
quote:Originally posted by Doctoall:
quote:Originally posted by qrocker: I hope this wasn't posted towards the Q Forum.....
qrocker
quote:Originally posted by Doctoall: QTN Website:
3/28/2005 - RE: Message Boards
Management as well as investor relations have recently compiled a list of individuals posting inaccurate and or false information on certain message boards. Management has worked very closely with the owners of these message boards and they are cooperating fully with the investigation. Management will be sending these individuals certified letters insisting them to stop posting these fallacies or criminal action will be taken.
No information posted other than from the company or investor relations should be considered true.
Management’s policy is not to discuss any information with a specific individual.
All information regarding Triangle Multi Media will be issued via news wires for all investors to view simultaneously.
And you point is ???? This was posted on the "Q" website and it applies to any and all messages boards who post false statements,plain and simple.
ALL information regarding Triangle Multi Media will be issued via news wires for all investors to view simultaneously.
[/QUOTE]
-------------------- 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
well it was a pretty good day, could have been better if we could have consentrated on the the run instead of arguing back and forth most of the day about why it was moving, started out real strong but then the nonsense started, its only running because of this, and he said that or no i didnt and yes you did! arhg!! it drives me crazy! it has been said here before and i will say it again, the biggest obstical to this stocks price movement is it`s stock holders! if we get a good pr we have to critisize it, if the price goes up we have to question it, we can never accept good for good and let it go! some will not like this post, too bad! i have been in this longer than most of you and i say that because when i first got in this we were at 0008 and cant recall more than a couple of you from that time, maybe some of you are like me, i only started posting on allstocks to support QBID but i have been reading this board almost daily since i found it at about 0013 way back when everyone was excited about this stock, we had nothing then just an idea, and our excitement about that idea ran this up to .028!. we have come a tremendous way since then but the excitement is almost gone and we need to get it back! we SHOULD have a very good day monday IF we can remain focused on the possitives and inspire that excitement in new investors, this company is WELL on the way, the only thing stopping us now is US!!!........ GLTA...... and remember, resistance is futile, success is INEVITABLE!!!
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posted
orinanly posted by:caribbeancowboy -----------Now playing: Gay Games vs. Out Games Are two games better than one?
By LOU CHIBBARO JR. Friday, July 15, 2005
A breakaway organization promoting an international gay and lesbian sports competition in Montreal in July 2006 called Out Games has registered more athletes and teams than its rival Gay Games event, which is set to take place in Chicago two weeks earlier. But supporters of both events say it’s too soon to determine which one will draw the most participants and spectators as both sides wage an aggressive campaign to sign up paid registrants.
The two sides are pushing their campaigns through Web sites published in several languages. Elected officials and business leaders in both cities have joined the gay organizers to help promote the two events in an unprecedented effort to lure millions of gay tourist dollars to their hometowns.
At first, many gay sports enthusiasts predicted the two competing events would lead to a financial disaster for both and would dilute and split apart what had become a unified quadrennial gay event. Now some are wondering whether the competition has triggered an unprecedented professionalism and such an overwhelming desire to come out ahead of the other that both events might turn out better than past Gay Games — both in attendance and the bottom line.
Out Games has registered 5,600 participants, including at least 1,500 Americans. Gay Games has about 3,000 participants for the Chicago events. Both sides said the participants who signed up come from more than 20 countries, with most expected to come from North America. Each side predicts at least 12,000 participants will attend their respective events.
The two sides are also competing to line up gay choruses and bands from Europe and North America. In recent years, the Gay Games evolved into a cultural festival as well as an athletic event, with extravaganza performances by choruses, bands, and top-name entertainers at opening and closing events.
The San Francisco-based Federation of Gay Games was formed by the late gay Olympic athlete Tom Waddell in the 1980s. Waddell almost single-handedly put together the first Gay Games competition in San Francisco in 1982 following a legal ruling initiated by the International Olympics Committee that forced him to drop the name “Gay Olympics.”
The gay international sporting competition continued every four years since under the Gay Games title. The founding event in 1982 drew 1,350 gay and lesbian athletes mostly from North American and Europe, according to Roger Brigham, communications director for the Federation of Gay Games. The number of participants jumped to 12,500 in New York City in 1994, to a record 13,000 in Amsterdam in 1998 and dropped back to 11,000 in Sidney in 2002, Brigham said.
Shortly before the Sidney games were held, the FGG named Montreal the winner in a competition among gay sporting associations to sponsor the 2006 Gay Games. A short time later, the Montreal organizing committee, Montreal 2006, says it lined up generous sponsors from some of Canada’s largest corporations and persuaded the governments of Montreal, Quebec, and the national Canadian government to sign on as “partners” to the event and to kick in $1 million each to help finance the games.
The committee called those developments historic, saying Canada’s entire governmental establishment had endorsed and agreed to help subsidize an international gay sporting event.
What happened next takes on an entirely different perspective and interpretation among the Gay Games and Out Games leaders.
The Gay Games in Sidney, while hailed as a highly successful sports event, turned into a financial disaster, with millions of dollars in debt and gay and gay-friendly vendors left with unpaid bills. Coming on the heels of similar financial problems with the games in Amsterdam and New York, the FGG pushed through a series of rules changes that required the Montreal committee to turn over financial control of the event to the FGG. Up until that time, the committees for the host cities had full financial control over the events.
Among other things, the FGG wanted Montreal to scale back its initial budget from 24,000 participants to 12,000, saying a 24,000 turnout appeared unrealistic and could lead to financial problems similar to Sidney’s. FGG officials also requested that Montreal not link its sporting events to a planned international gay rights conference and to Montreal’s annual Gay Pride event known as Diversité. In addition, the FGG objected to the Montreal committee’s plans to link the Game Games to circuit parties.
“This just came out of the blue after we put together a detailed and what we thought highly successful business plan,” said Mark Tewksbury, an Olympic athlete and one of the Canadians organizing the Montreal Games.
Tewksbury and other leaders of Montreal 2006 called the FGG rule changes unfair. They point out that nearly all of Montreal’s plans for the 2006 Gay Games had been submitted to the FGG as part of Montreal’s bid for the games. No one raised objections to any of these proposals at that time, Tewksbury said.
Brigham, the communications director for FGG, said the organization’s international governing body, which includes representatives from nations in Europe and North America, approved the rules changes after assessing the financial problems encountered by Gay Games committees in New York, Amsterdam, and Sidney.
“The income projections have always been overblown,” he said. “We are concerned about hurting local gay businesses,” he said, noting that gay-owned businesses that have provided services to help put on the games often have been stiffed when the committees run out of money.
Brigham said FGG officials also decided — based on what he said was consultation with gay sporting teams in North America and abroad — that the Gay Games should stick to its original role as a sports event, with some performing arts and cultural activities like gay chorus and band performances. Linking the games with other events such as circuit parties, political conferences, and Pride events — as proposed by Montreal — would not be consistent with the Gay Games and its “mission” to promote the gay sports movement, Brigham said.
Montreal organizers announced that a new entity – the Gay & Lesbian International Sports Association — and would take bids for Out Gays II in 2010. In March 2004, the FGG named Chicago as the host city for the “official” 2006 Gay Games.
Rachel Corbet, executive director of Montreal 2006, said, “It is hard for a lot of GLBT people to come to the U.S.” U.S. immigration policies ban people with HIV from entering the country unless they get a special waiver. She also points to hostility toward the U.S. war in Iraq and to President Bush in general by many Europeans. With Canada’s decision this year to legalize same-sex marriage and Montreal’s reputation as North America’s most gay-friendly city, Corpet said Montreal is far more likely to attract far participants from countries outside of North America.
Boyer notes that the U.S. routinely waives its immigration restricts for people with HIV for special events like the Gay Games. Boyer said another draw for Chicago is the decision by newly formed gay cable television network QTV to provide live television coverage of the Gay Games for saturation coverage. QTV is waiving its fee for the game by unscrambling its channel to allow any cable TV subscriber to watch the games if their local cable company carries the QTV network, Boyer said.
“I’m not happy with the way this has happened,” Tewksbury said. “But it takes two for this to happen. It wasn’t just one-sided. Now each side has to do its best.”
NEW YORK BLADE: perhaps this is the reason for the run up, lots of exsposure here! nice find carribeancowboy!!
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posted
qrocker, I appreciate you at least coming forward with this information. Without it, we would not have known why there was the run today. We're VERY conservative here, mainly because the makeup of this thread is full of INVESTORS and not traders. We don't intend to sell at a penny, for example. At least I don't. I intend to hold until next year, and then, based on how well LOGO and Q both do, determine if the market is still ripe for Q.
whizknock has a list of questions that he posts from time to time that is very good for determining whether or not to play a pink. None of us have money in this stock that we can't lose. We're all very straightforward, and while we enjoy seeing runs of this nature, we're very skeptical of rumors.
For example, perhaps this poster didn't meet with Frank and gave out his own telephone number for the "confirmation". If he then answered it, he could have even tricked the IHUB moderator. Something to consider, anyway.
Although I tend to think that this is probably a legit PR, it means nothing without the actual numbers (audit) and the actual announcement of carriers. This stock will REALLY only move based on those two things. If Frank intends to announce more information on the audit next week, that's great, I still intend to hold through it.
If we do get an audit completed and I see something on EDGAR with the SEC, you be damned assured that I'm going to do some HEAVY dd on it to determine how much more I'll invest.
-------------------- 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 madmoney: NEW YORK BLADE: perhaps this is the reason for the run up, lots of exsposure here! nice find carribeancowboy!!
I have said it before and I'll say it again. When this stock ran to .0070 last December because of the gay games announcement, it wasn't for naught. That is a huge deal that QTV signed, and worth 10 million dollars alone. The rights might be worth more around May of next year. LOGO will not be carrying the Gay Games, so those people interested will get to see Q's coverage, and the exposure just might establish Q as the channel for real gays, just like VH1 was seen as a more established music channel than the flashy MTV, both owned by Viacom.
The bigger LOGO gets, the bigger QTV does, it doesn't bother me one bit.
-------------------- 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 hope this is not a repeat post but I believe this is why the volume was so high today.
Critical Therapeutics announces Phase II study of Zyflo Filmtab did not meet statistical significance: QBID, CRTX, DAL 5:44 p.m. 07/14/2005 Provided by
Ridgeland, MS, JUL 14, 2005 (EventX/Knobias.com via COMTEX) -- Newport Beach, CA - July 14, 2005 (Knobias-EventX) - Stocks in the News: Q Television Network (Other OTC: QBID), Critical Therapies Incorporated (CRTX), Delta Air Lines Incorporated (DAL), Camtek Limited (CAMT) .
Q Television Network (Other OTC: QBID) announced the completion of its scheduled broadcast on Products on Demand (POD). "We are excited to air our premium gay and lesbian network on POD. Q Television will reach out to more than 10 million homes. This will give subscribers the opportunity to preview Q, and in the very near future the opportunity to subscribe to the network through their local cable or satellite provider," says Frank Olsen. "Having more than 100 major cities broadcasting our network every day further proves the massive demand for our programming."
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quote:Originally posted by Penny-Trader he is not saying that your info is true or false, he is stating that he has not as of yet confirmed it for himself. I also happen to have my doubts about this document.
I understand what your saying, everyone has their own doubts.
quote: I see you as the one that is not a team player. it seemed to bother you that we all have stood behind our dear friend Doctoall.
On the contrary, I am very much a team player as I do not like too take credit for a lot of things. I have members on the Forum that want to post what they have gotten in E-Mail and word of mouth that I turn away (all the time) because I do want to take their DD away from them. Not to mention I do not want the liability of their info. Why they want me to post them is beyond me.
quote: Doc is not trying to be a leader, no one here is a leader. It appears though that you want more praise from this board then what you are getting here.
My bad, I used wrong wording on my part. I meant to say that he is a mojor poster here. I have been lurking in the background for a while now.
quote: Its not that we don’t believe you, this board is different from most, for the most part most of get along and respect each other. we all look out for each other and we want to get to the bottom of anything that is brought here as dd or info
Understand and I apologize.
quote: we thank you for bringing us this info, but please do not get ugly at us if we want to verify your info.
Just so you all, I am a man of honesty, I admit when I am wrong. I guess yyou could say, “I had a bad day, as a matter of fact, I had a terrible week”. Never the less, my actions were wrong and I know that.
On that note, you all have a great week-end and be safe.
Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 05.18.2005 (58) days ago, when the stock price was 0.0027. Since then QBID has fallen -25.93%.
Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 05.18.2005 (58) days ago, when the stock price was 0.0027. Since then QBID has fallen -25.93% .
Were you eager to go long? Well, without doubt, it was the right time to do so. The BUY signal was finally confirmed, and most probably you have called your broker and placed your long orders with no hesitation.
Don't worry if you have missed this buying opportunity. The market may now give you a second chance. You may still find good prices for buying in the next session.
-------------------- 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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im out for the night have a great weekend everyone and play safe.
rod
quote:Originally posted by Penny-Trader: at least we are showing a trend reversal American bulls will be reporting a buy tonight if we close in this area or higher today.
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.
IP: Logged |
quote:Originally posted by Penny-Trader: TRIANGLE MULTI-MEDIA INC Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 05.18.2005 (58) days ago, when the stock price was 0.0027. Since then QBID has fallen -25.93% .
Were you eager to go long? Well, without doubt, it was the right time to do so. The BUY signal was finally confirmed, and most probably you have called your broker and placed your long orders with no hesitation.
Don't worry if you have missed this buying opportunity. The market may now give you a second chance. You may still find good prices for buying in the next session.
Sounds like quite a few people are expecting some movement in the near future.
posted
I must be getting old, everything is starting to make sense. Another nice post from IHUB:
Posted by: lobogotti In reply to: None Date:7/15/2005 4:42:56 PM Post #of 137817
in all the excitement, this may have got overlooked...wanted to post once more for those that may have missed. have a good weekend everyone!!!!
thanks to my buddy for this info on what is involved with an audit process........and please keep in mind that any statements made about what QTN is doing is strictly opinion. this post is to clarify what it takes to do an audit from my friends standpoint.
I wanted to offer my insight and theory on QTN and their ability to produce audited financials.
Preparing audited financials is a very involved process. This is further complicated because QTN is a new and quickly-growing company which probably has not overly dedicated resources to create an efficient and well documented accounting process (like most new companies). Regardless, the auditors must start from scratch. First, the auditors need to both understand and document the makeup of the company and the process flows of paperwork, the systems, and the movement of cash. After they create this roadmap they can begin working on their plan for auditing the company and its financials.
First, let's assume QTN has been properly posting their accounting entries and preparing their financial statements as they went along. However, I suspect it is part of the auditor's duties to create/clean up the accounting entries and ensure they are in compliance with the accounting standards since this is generally considered the expertise of external auditors. For example, the auditors find that QTN hasn't been properly recording their fixed assets which results in the wrong depreciation method being used for the past 2 years. Now the purchase paperwork needs to be pulled, numbers have to be recalculated, adjusted in the accounting system for each period, posted to the fixed asset system and all of which changes the expenses recorded on the reports and financials. Then the auditors have to set up the new fixed asset process so that the depreciation is recorded correctly from this point forward. This is just one aspect of the audit myriad.
Let's say we've finally made it to the point that the accounting entries are corrected and the financial statements are prepared. Now the auditors have to analyze and report on the risk of the company's operations and the internal controls in place to protect cash and the company's tangible assets. Ideally, they would have been able to gather this information as they went along, but they might have been too absorbed in the discovery process. This means they'll be going through the processes for all of QTN's departments (Technology, Legal, Operations, Human Resources, Payroll, Accounts Receivable, and Accounts Payable). Every process must be documented and assessed for control shortfalls. You may wonder what Human Resources has to do with a financial audit. They're responsible for ensuring there are no "fake" employees receiving a paycheck, employee's pay rates match what they should be paid, systems are in place to accurately maintain employee's records, and access to information is controlled. Every department of every company has a direct impact on the financial statements. Therefore, they are thoroughly audited.
Let me put this into perspective from my own corporate experiences. I am an accountant in a privately held company with $100M in annual revenues, a streamlined accounting system, accounting processes that don't change from year to year, and a CFO who requires us to have everything put together for our external auditors prior to them arriving (so that they can't charge us much). Our auditors (Ernst &Young) normally dedicate 3 full time auditors to our company for 3 weeks each year. We even make sure we get the same auditors so that we don't have to explain everything from scratch each year. For the audit of our 2004 financials they sent us a team of 5 auditors and spent 6 weeks going over our controls and accounting. This wasn't due to anything our company changed or requested. This is in response to the outbreak of accounting scandals and corporate fraud laws. Yet, here's QTN, a new and growing company, publicly traded, attempting to go fully reporting, issues with their process flows, accounting methods to correct, internal control weaknesses and whatever else I'm sure we would rather not know. Keep in mind that if there is a single error in the auditor's final report on the company, not only will QTN be liable for defrauding investors which will result in an investigation by the SEC, but the accounting firm doing the audit will also be held responsible by the courts.
Maybe, I'm just a patient person. But, I would much rather QTN take their time with this audit process to get it right, than find myself waking up one morning to a PR about a substantial restatement of their financials due to an illegal accounting method being discovered.
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