Before being sold to Sony, Wheel of Fortune and Jeopardy were owned by King Features Syndicate, a Merv Griffin enterprise. The shows were sold, but presumably not the studio.
Merv Griffin is unofficial mayor of gay Palm Springs. My guess, and I only talk to myself, is that Frank and Merv are very well connected.
Remember the big investors?
Posts: 260 | Registered: Mar 2005
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posted
Merv Griffin would love to have his name on another success story.
Why not the next untapped market.
he was a game show giant, why not drop the me off game
and be a Ga show giant.
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. Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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quote:Originally posted by BlackWidow: Thought I'd talk to myself again.
Before being sold to Sony, Wheel of Fortune and Jeopardy were owned by King Features Syndicate, a Merv Griffin enterprise. The shows were sold, but presumably not the studio.
Merv Griffin is unofficial mayor of gay Palm Springs. My guess, and I only talk to myself, is that Frank and Merv are very well connected.
Remember the big investors?
Q is well recognized, interesting times.
-------------------- don't sweat the small stuff. Posts: 3439 | From: ATL | Registered: Jun 2004
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quote:Originally posted by BlackWidow: Thought I'd talk to myself again.
Before being sold to Sony, Wheel of Fortune and Jeopardy were owned by King Features Syndicate, a Merv Griffin enterprise. The shows were sold, but presumably not the studio.
Merv Griffin is unofficial mayor of gay Palm Springs. My guess, and I only talk to myself, is that Frank and Merv are very well connected.
Remember the big investors?
Daaaaaammmn!
I think you're right on the money!!!!!!!!!!
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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quote:Originally posted by Penny-Trader: OK here is a detailed explanation of what i feel this deal means.
im going to fill you in on some history.
29 April 2005: Q Television Network announces Buyback of Company Stock. Q Television Network announced today that with proceeds specifically allocated for production equipment, the company will immediately begin to aggressively buyback QBID stock... http://biz.yahoo.com/bw/050429/295319.html?.v=1
Why are they spending this money? money that they had earmarked for equipment?
Because they no longer need to buy that equipment. because of this deal because 21 days later they announced this:
20 May 2005: Q Television Network Sets Sight on Hollywood. Q Television Network announced today that they are in negotiations to purchase a production studio in the greater Los Angeles area. The studio currently has production contracts which Q Television will inherit once the deal is finalized. Q Television hopes to take possession of the studio by June 1, 2005 and have a final closing no later than July 1, 2005... http://biz.yahoo.com/bw/050520/205258.html?.v=1
they no longer require the equipment because this studio has all the equipment they will require.
now in one of the interviews, frank has stated that he is fully funded through 2008. and informs us that his burn rate is 1.5 - 2 million a month.
out of this 2 million a month lets figure high and say that thier fixed costs of office space and staffing requirements are between 200-300 grand a month. but lets play it conservative as say $500 grand. this will leave on the high end 1.5 million a month that is production costs.
now we take to-days pr and start to dissect it.
they say that the new production studios will allow them to cut thier production costs by 73%. 73% of 1.5 million a month equates to a savings of $1,095,000 a month.
on top of that the studio has a income of $400,000 a month in revenues.
OK so now lets back up now.
U4 will be asking us where does Frank get the money to buy this studio.
Well lets Analise this. We are funded to 2008 and we are spending 2 million a month.
we dont know what we paid for it, but if the posts earlier are accurate it looks like the cash price for the studio is just under 3 million dollars.
with a savings of $1,095,000 a month even if we paid 5 million for the studio, our savings per month and the revenue the studio produces we could pay for it for it with only 4 months of savings in costs, meaning 5 months from today the studio is fully paid for and we have reduced our costs by 73% in the 5th month. meaning that any funding after that could go 73% further then it did before.
now we have revenue from the studio at $400,000 we have Revenue that we dont know how much from the dvd sales. we have revenue from subscribers. numbers that we last heard where 22,000 which gives us $87,000 and we have revenue from advertising which lets say its only $50,000 a month right now, i believe that is low but i want to remain conservative. $400,000 $87,000 $50,000
This comes to $537,000 in revenues that we are aware of at this point.
we reduced out monthy expenses of 2 million by 1.095 million leaving a burn rate of $903,000 month
less the $537,000 revenues leaves us a deficit of $366,000 in order to make up the difference we either need to get 91,000 more subscribers, which once we go national is a no brainer or 50,000 more subscribers and raise our advertising dollars.
now something to think about is that on July 29th Frank stated that our subscriptions where up over 200% which would mean 66,000 subs. so if these numbers are accurate, you can reduce the needs by about 44,000 subs to make us break even.
last week Frank stated that we would be profitable by 2nd quarter of 2006. that is only 12 months from now. I think he is being conservative.
these numbers are all derived from information that has been released to us from PRs and interviews.
we are going to be rocking here real soon people.
so this is the long version of why i feel that to-days PR was a big PR
posted
I think if you are going to do DD then do it properly.
1/ Frank should not be your focal point, the Knight Trading Group and other Morning Mark, should beshould.
2/ Dilution is not the problem from Frank, Knight Trading Group and many other MM companies have been naked shorting this stock along with many others. Do some DD.
3/ With all the DD done of your own and everyone else’s, along with the PR's, there is absolutely nothing to support your theory or statements.
4/ You have openly admitted to several people and posts on this board, you have nothing to back up your theory or statements. I have asked several times for this info and you also have dodged the question with lack of proof and wanted to make some nonsense deals to see if I would back off.
5/ I would suggest you do some DD on the Knight Trading Group and other Morning Mark,’s and you maybe surprised at what you find. You may also want to check the SEC page. You may find something there.
6/ Just as a hint, Knight Trading Group has already been investigated a couple of times and charges finally lay where they belong.
7/ Making comments that dilution is going on after this issue has been brought up many times shows one of 2 things, either you’re wanting to be big man on campus or to lazy to find the real reason. I will tell you what it does get you, no respect.
Now, as I said before, if you are going to start this nonsense with absolutely no proof and lack of DD on your part, then I am going to ride you like a bad boy in pink pants. This will be the last time I point this out nicely as you are also misinforming and misleading people with false and defamatory statements. I sent you a private PM once to suggest you speak to Richard to get some answers and your answer was no. So the bottom-line boils down to you know everything, and that statement is furthest from the truth.
On a last note, I invite you to call Richard and ask the question directly or is the quarter you spend for an answer not worth it?
quote:Originally posted by g-invest:
quote:You're not going to start this dilution crap again are you? I said I would back off if cut with the crap until proven but if you are going to crap in my cornflakes with the BS again then I am going to start as well. You finally started to post some decent info,don't go back to the childish crap again.
Sorry buckwheatbob, I'm not "starting it again", it's what I believe is happening, if you don't want to hear it, too bad. You're free to disagree, but I list my points and you can refute them at any time.
Here's how to start, by answer these: 1) Why did the PPS drop the day of the Maine PR? 2) Why did the PPS hit a 52-week low just two days after the Maine PR? 3) What is the estimated Q expenses per month? What is the estimated Q revenue per month?
Let me take a second here to elaborate: I know of no PR or statement that gives specifics on revenue, but I know Renee stated over a million in expenses per month in the chat. Not only that, but if you are seriously a QBID shareholder and think that revenues have matched expenses, I don't even want to debate the issue with you anymore. Frank is either piling up huge debt in the form of loans ("guaranteed" financing doesn't mean "full" financing. I can get a 5 year "guaranteed" loan for a mere $10,000 from any bank with my credit rating)
4) Assuming you are a rational individual, and understand *why* this is still a pink sheet stock, where is the extra money coming from to pay the expenses?
The answer to the above questions for me are as follows: 1) Dilution. 2) More Dilution. 3) Expenses: About a half a million to just over a million, this includes wages (100k/month), advertising/investor relations expenses (200k/month), and rental/equipment/studio expenses (600k-800k/month). Revenue: $150 to $250k/month in subscribers, Maybe $50k/month more from advertising. 4) Dilution.
It is really simple to figure. Expenses exceed revenue. If the loans covered the entirety of the expenses, Frank and Richard wouldn't mind stating at all how much the "guaranteed" financing is for. I don't know of anyone here that would question whether or not dilution happens regularly on the pinks. Everyone questions whether or not dilution happens with *their* stock, however. I understand you don't want that to be the case, but if you think Frank isn't doing dilution, you're only fooling yourself. He's of course doing some, my beef is with how much he's been doing lately.
And whether or not he's going to stop anytime soon.
quote:Originally posted by buckwheatbob: I think if you are going to do DD then do it properly.
Thanks for trying, buck, but logic won't work. He is motivated by his own demons and can be ignored easily, since he provides no worthwhile information.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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quote:Originally posted by BlackWidow: Thought I'd talk to myself again. Before being sold to Sony, Wheel of Fortune and Jeopardy were owned by King Features Syndicate, a Merv Griffin enterprise. The shows were sold, but presumably not the studio. Merv Griffin is unofficial mayor of gay Palm Springs. My guess, and I only talk to myself, is that Frank and Merv are very well connected. Remember the big investors?
BW Just when you thought you were alone . . . here we are. Keep talking to yourself, because you've discovered an exciting prospect. I won't speculate on a speculation, but rumors have linked Merv to the gay community for many years. Ignoring that, however, is the more likely prospect . . . Merv knows how to make money, likes to be involved with new and creative projects, and has the money to invest. I like your thought process and hope you are even partly correct. Good job.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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posted
Let me toss out a few observations here if I may.
The way I see it, g-invest has no proof that in his opinion, Frank is diluting the stock, nor can he provide this "proof" without a full financial disclosure from Frank. Buckwheat knows this but continues to want this "proof" from g-invest.
Now on the other hand, Buckwheat claims that there IS naked shorting going on, but he cannot provide any proof of that either. Correct me if I'm wrong but, I believe that "proof" can only come from the SEC.
Now I'm not so naive as to think that there is NO dilution going on. After all, there is nothing illegal about it and there has never been a PR released stating that they "will not dilute as long as present management is in charge" as they have about the reverse split issue.
I am also not an expert on the mechanics of how market-makers can "naked" short pink sheet stocks, but if they can, I'm sure they would try.
So, I have to think that in order to truly be "diligent" about this stock, we have to assume that both dilution and shorting is taking place unless "proven" otherwise. And correct me if I'm wrong again, this can only come in the way of a full financial disclosue/audit.
Now BlackWidow raises an interesting point. When we do get an audit, is it dated up to and including the day it is released? Or is it some designated date in the current past? June, July? This would allow for more hanky-panky by either party. I would like to hear from someone who is actually in the financial/accounting/securities business on this. I am not, nor will I even pretend to have an opinion on this.
Finally, I have to say that the confirmation on this studio deal is probably the most exciting optimistic news I've heard in months. And to view the MediaCity site, if this truly is the place, is nothing short of awesome. This is the Big Time. And I honestly don't care if we don't get a direct PPS movement from this news either. Burbank, California is the belly of the beast as far as TV goes.
Posts: 208 | From: Chicago Area | Registered: Feb 2005
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quote:Originally posted by Bottomliner: Thanks for trying, buck, but logic won't work. He is motivated by his own demons and can be ignored easily, since he provides no worthwhile information.
PLEASE AND FROM NOW ON, DO YOUR DD ON THIS COMPANY. IT IS CLEAR HOW THE FUNDING IS GOING FOR QBID.
FIRST: FRANK THE FRAUD OLSEN IS ON A FIRST NAME BASIS WITH THE INVISIBLE BANK OF PALM SPRINGS.
SECOND: FRAUDSTER IS NOT IN ANY WAY DILUTING SHARES. 1+ BILLION SHARES IN 2002 AND NOW UPWARDS OF 50+ BILLION SHARES MEANS THERE ARE MORE SHARES TO SELL TO PEOPLE WHO WANT TO BE PART OF A GREAT TV NETWORK. COME ON, HOW MANY PEOPLE WERE AFFORDED (LITERALLY AT .0014 AND BELOW) TO OWN A TV STATION. WE NEED TO BE THANKING FRANK THE FRAUD OLSEN.
FIRST FROM U4: THANK YOU FRANK THE FRAUD OLSEN.
WHAT I DON'T UNDERSTAND AT ALL IS WHY YOUR WORRIED ABOUT EXPENSES AND REVENUE. THAT MAKES NO SENSE. WHAT DOES EXPENSES AND REVENUES HAVE TO DO WITH A BUSINESS? NOTHING PLAIN AND SIMPLE, NOTHING. IF YOU DON'T BELIEVE ME, LOOK AT ALL THE POSTERS ON ANY MESSAGE BOARD CAUSE THEY ALL AGREE AND I DO TO. GET OVER IT WOULD YA?
FRANK THE FRAUD OLSEN IS NOT DILUTING THE STOCK. I KNOW HE'S NOT. I STOLE WONDER-WOMAN'S INVISIBLE JET AND FLEW OVER TO THE BANK OF INVISIBLE WHO FINANCED THE BUILDING OF THE INVISIBLE JET BY THE WAY AND I SPOKE PERSONALLY TO THE PRESIDENT, MR. INVISIBLE FOR 2 HOURS ABOUT QBID AND I'M CONFIDENT THAT WHAT EVER IT IS I'M TO BE CONFIDENT OF, I'M ABSOLUTELY CONFIDENT ABOUT IT; WHAT EVER THAT MAY BE BUT I'M SURE IT'S SOMETHING. WHEN I FIGURE IT OUT, I'LL LET YOU KNOW.
Q HAS JUST BOUGHT PEANUT BUTTER THEREFORE THE STOCK SHOULD BE UP .0001 ON MONDAY.
WHAT'S THE POINT OF UPGRADE ANYWAY? JUST ALOT OF UNNECESSARY EXPENSE AND WITH ALL THE SUPPORT FOR THIS STOCK WITHOUT ANYTHING LIKE FINANCIALS, REPORTS, ETC. THERE IS NO NEED FOR IT.
SO BASHERS LIKE YOU WHO CONTINUE TO PUSH IDEAS LIKE HOW BUSINESS OPERATES AND FOR SOME STUPID REASON, YOU THINK YOU NEED REVENUE TO OPERATE A BUSINESS? SINCE WHEN? MAYBE YOU NEED AN ACCOUNT AT THE BANK OF INVISIBLE TO UNDERSTAND HOW BUSINESS IS SUPPOSED TO OPERATE.
UNTIL THEN, YOU'LL JUST BE IN THE DARK!
GO Q!
quote:Originally posted by g-invest:
quote:You're not going to start this dilution crap again are you? I said I would back off if cut with the crap until proven but if you are going to crap in my cornflakes with the BS again then I am going to start as well. You finally started to post some decent info,don't go back to the childish crap again.
Sorry buckwheatbob, I'm not "starting it again", it's what I believe is happening, if you don't want to hear it, too bad. You're free to disagree, but I list my points and you can refute them at any time.
Here's how to start, by answer these: 1) Why did the PPS drop the day of the Maine PR? 2) Why did the PPS hit a 52-week low just two days after the Maine PR? 3) What is the estimated Q expenses per month? What is the estimated Q revenue per month?
Let me take a second here to elaborate: I know of no PR or statement that gives specifics on revenue, but I know Renee stated over a million in expenses per month in the chat. Not only that, but if you are seriously a QBID shareholder and think that revenues have matched expenses, I don't even want to debate the issue with you anymore. Frank is either piling up huge debt in the form of loans ("guaranteed" financing doesn't mean "full" financing. I can get a 5 year "guaranteed" loan for a mere $10,000 from any bank with my credit rating)
4) Assuming you are a rational individual, and understand *why* this is still a pink sheet stock, where is the extra money coming from to pay the expenses?
The answer to the above questions for me are as follows: 1) Dilution. 2) More Dilution. 3) Expenses: About a half a million to just over a million, this includes wages (100k/month), advertising/investor relations expenses (200k/month), and rental/equipment/studio expenses (600k-800k/month). Revenue: $150 to $250k/month in subscribers, Maybe $50k/month more from advertising. 4) Dilution.
It is really simple to figure. Expenses exceed revenue. If the loans covered the entirety of the expenses, Frank and Richard wouldn't mind stating at all how much the "guaranteed" financing is for. I don't know of anyone here that would question whether or not dilution happens regularly on the pinks. Everyone questions whether or not dilution happens with *their* stock, however. I understand you don't want that to be the case, but if you think Frank isn't doing dilution, you're only fooling yourself. He's of course doing some, my beef is with how much he's been doing lately.
And whether or not he's going to stop anytime soon.
Now on the other hand, Buckwheat claims that there IS naked shorting going on, but he cannot provide any proof of that either. Correct me if I'm wrong but, I believe that "proof" can only come from the SEC.
Now I'm not so naive as to think that there is NO dilution going on. After all, there is nothing illegal about it and there has never been a PR released stating that they "will not dilute as long as present management is in charge" as they have about the reverse split issue.
I am also not an expert on the mechanics of how market-makers can "naked" short pink sheet stocks, but if they can, I'm sure they would try.
So, I have to think that in order to truly be "diligent" about this stock, we have to assume that both dilution and shorting is taking place unless "proven" otherwise. And correct me if I'm wrong again, this can only come in the way of a full financial disclosue/audit.
Now BlackWidow raises an interesting point. When we do get an audit, is it dated up to and including the day it is released? Or is it some designated date in the current past? June, July? This would allow for more hanky-panky by either party. I would like to hear from someone who is actually in the financial/accounting/securities business on this. I am not, nor will I even pretend to have an opinion on this.
Finally, I have to say that the confirmation on this studio deal is probably the most exciting optimistic news I've heard in months. And to view the MediaCity site, if this truly is the place, is nothing short of awesome. This is the Big Time. And I honestly don't care if we don't get a direct PPS movement from this news either. Burbank, California is the belly of the beast as far as TV goes. [/QB][/QUOTE]
-------------------- Sometimes the poorest man leaves his children the richest inheritance. Posts: 804 | From: Woodbridge, Va | Registered: Aug 2005
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SMART INVESTORS SHOULD BE LOOKING AT TRIANGLE MULTI-MEDIA AS STATED BY U4TSAF2, FROM THE INVESTMENT FIRM OF U4GETRICH. OVER THE PAST 6 WEEKS THIS STOCK HAS SURGED 10,000 PERCENT AND SHOWS NO SIGNS OF GOING BACKWARDS. AT THE CLOSE OF MARKET ON TUESDAY APRIL 13, 2004 QBID HAS ANOTHER SURGE OF 80% WITH A TRADING VOLUME OF OVER 1.5 BILLION SHARES. ACCORDING TO U4TSAF2 DATA, AGGRESSIVE INVESTORS SHOULD BE VESTED IN QBID.
THIS IS GREAT NEWS FOR INVESTORS! FURTHERMORE, INVESTORS WILL BE VERY ENCOURAGED TO KNOW THAT THE SOFT BROADCAST DATE IS APPROXIMATELY 3 WEEKS AWAY. WHILE QBID HAS PREVIOUS FALLEN VICTIM TO IT'S OWN INFRASTRUCTURE OF BICKERING, THINGS APPEAR RIGHT ON TRACK FOR BROADCAST. ADDITIONALLY, WITH ALL THE MEDIA ATTENTION, U4TSAF2GETRICH CHIEF STOCKBROKER, U4TSAF2 IS ENCOURAGED WITH THE PARTICULAR EVENTS TAKING PLACE FROM THE MEDIA, TO THE CHURCH, TO LOCAL GOVERNMENTS AND ALL THE WAY UP TO THE PRESIDENT REGARDING GAY ISSUES.
CHIEF STOCKBROKER U4TSAF2 STATES "WE ARE SO VERY ENCOURAGED WITH THE KNOWLEDGE OF A SHARE BUYBACK ISSUED BY CEO FRANK OLSEN AND A BASIC NO SPLIT GUARANTEE"
QBID AGGRESSIVE SALES AND MARKETING EFFORTS ESTABLISH TRIANGLE TELEVISION IN A NEW FRONTIER IN TELEVISION PROGRAMMING SHOULD IN OUR OPINION "FULLLY CAPITALIZE ON EXPLOSIVE GROWTH" WHICH IS LIKELY CONSIDERING QBID WILL LEAD THE WAY ASIDE FROM THE DISENCHANTED ATTEMPTS BY VIACOM TO BECOME THE FIRST ALL GAY NETWORK WITH A CAPTIVE DOLLAR ADVERTISING VALUE AT $5 BILLION DOLLARS WITH THE GAY AND LESBIAN COMMUNITY BEING THE FASTEST GROWING ADVERTISING COMMUNITY.
THE STOCK CLOSED YESTERDAY WITH A HIGH OF .0103 AND FULL CLOSE AT .01
Posts: 3243 | From: California | Registered: Jul 2005
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posted
And I cant stop thinking of a SIX HUNDRED TEN BILLION DOLLAR TARGET!
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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posted
Hmmm looks like G-invest is the typical jump on the stock at the wrong time and dump at a loss. He lost a bundle by buying the stock on an upswing, then it dipped and he had to change his pants as he dumped the stock at a HUGE loss. So rather than holding and buying down his average PPS he did the ole "Rookie Dump". Soory about your very very bad trading skills "G", but SHUT UP! I do not care that you lost so much money you have to take your girl to the .99 menu at Wendy's. And if you do not tell her it is a CZ she will never know until her finger turns green!
Posts: 18 | From: krum, tx | Registered: Apr 2004
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quote:Originally posted by imakmony2005: I cant stop thinking of buckwheat with pink pants on rideing g-invest man thats ugly.
-------------------- 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. Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
I am curious as to what other cable channels that could compare to QBID are going for on the OTC? I know this may be like comparing apples to oranges but I bet there are at least a few other companies offering a cable channel that was or are in a similar position as Q Television is in now. I guess my and everyone else's $64 thousand dollar question is - What is a realistic dollar or cents amount for this stock once they complete their audits and are able to move off the Pink Sheets.
Posts: 22 | From: Columbus, Ohio | Registered: May 2005
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Paxson Communications Corporation operates as a network television broadcasting company in the United States. It offers network long form paid programming, network spot advertising, and station advertising. The company’s entertainment lineup consists of original shows, syndicated programs, and a limited entertainment and sports programming. Paxson Communications’ broadcasts programming through its owned, operated, and affiliated television stations; as well as other cable television system owners and satellite television providers. As of March 4, 2005, it owned and operated 60 broadcast television stations, including 45 broadcast television stations operated under joint sales agreements. The company was organized in 1993 and is headquartered in West Palm Beach, Florida.
bizjournals.com Pax TV to become 'i' in network change Wednesday June 29, 9:01 am ET
Paxson Communications Corp. says it will change the brand name of its primary television network from Pax TV to "i." The television broadcaster, which has local affiliate WOPX-TV (Channel 56), says the new "i" brand reflects its new network programming strategy -- to provide an independent broadcast platform for producers and syndicators who want to reach a national audience.
Dean Goodman, Paxson president and chief operating officer, says Paxson's primary network will operate as independent television by offering a mix of original series, movies, specials, sports and news that appeals to a variety of interests.
Paxson says it will begin using the "i" brand name July 1. During a transition period, the company will run on-screen identities featuring both the new and existing brands and on-air promotional spots informing viewers of the change.
After the transition is complete, Paxson, which is currently digital multicasting on 45 of its 60 stations, will continue to air programming under its Pax TV brand on one of its digital channels over the air and in select cable homes.
Paxson reaches 84 percent of U.S. television households via nationwide broadcast television, cable and satellite distribution systems.
The West Palm Beach-based company, which lost $95.9 million in the first quarter of 2005, has denied plans to change its network to all paid programming. Paxson (AMEX: PAX - News) also recently posted positive news -- a $24.5 million World Trade Center insurance settlement. However, in documents filed with the Securities and Exchange Commission, Paxson states that it expects "2005 to be a challenging year for us."
Not the same, granted, but they are a fledling network with issues. Some things they have we dont, many things we have they dont. Both on the positive and negative side I would venture to say. Of course, they are ahead of us in the scheme of things, but .62 would be alright with me right now.Posts: 482 | From: Arizona | Registered: Mar 2005
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posted
Actually stash, I believe there is a PR out from Frank on this issue as well as I told g-invest to do some research on Knight Trading Group and the recent charges laid and investigations done by the SEC. I have also suggested he speak to Richard. Those items will answer his questions. These observations have been overlooked. I am not going to hand it to him. He needs to learn to do DD properly especially when making defamatory statements with out proof. If there was poof of dilution then I would not be beating up on him to cough it up.
quote:Originally posted by stashu: Let me toss out a few observations here if I may.
The way I see it, g-invest has no proof that in his opinion, Frank is diluting the stock, nor can he provide this "proof" without a full financial disclosure from Frank. Buckwheat knows this but continues to want this "proof" from g-invest.
Now on the other hand, Buckwheat claims that there IS naked shorting going on, but he cannot provide any proof of that either. Correct me if I'm wrong but, I believe that "proof" can only come from the SEC.
Now I'm not so naive as to think that there is NO dilution going on. After all, there is nothing illegal about it and there has never been a PR released stating that they "will not dilute as long as present management is in charge" as they have about the reverse split issue.
I am also not an expert on the mechanics of how market-makers can "naked" short pink sheet stocks, but if they can, I'm sure they would try.
So, I have to think that in order to truly be "diligent" about this stock, we have to assume that both dilution and shorting is taking place unless "proven" otherwise. And correct me if I'm wrong again, this can only come in the way of a full financial disclosue/audit.
Now BlackWidow raises an interesting point. When we do get an audit, is it dated up to and including the day it is released? Or is it some designated date in the current past? June, July? This would allow for more hanky-panky by either party. I would like to hear from someone who is actually in the financial/accounting/securities business on this. I am not, nor will I even pretend to have an opinion on this.
Finally, I have to say that the confirmation on this studio deal is probably the most exciting optimistic news I've heard in months. And to view the MediaCity site, if this truly is the place, is nothing short of awesome. This is the Big Time. And I honestly don't care if we don't get a direct PPS movement from this news either. Burbank, California is the belly of the beast as far as TV goes.
[ August 14, 2005, 01:35: Message edited by: buckwheatbob ]
posted
Also, PAX operates at a loss, and Q is supposed to be profitable by first quarter 2006.
quote:Originally posted by Ligge: Pax .62
Paxson Communications Corporation operates as a network television broadcasting company in the United States. It offers network long form paid programming, network spot advertising, and station advertising. The company’s entertainment lineup consists of original shows, syndicated programs, and a limited entertainment and sports programming. Paxson Communications’ broadcasts programming through its owned, operated, and affiliated television stations; as well as other cable television system owners and satellite television providers. As of March 4, 2005, it owned and operated 60 broadcast television stations, including 45 broadcast television stations operated under joint sales agreements. The company was organized in 1993 and is headquartered in West Palm Beach, Florida.
bizjournals.com Pax TV to become 'i' in network change Wednesday June 29, 9:01 am ET
Paxson Communications Corp. says it will change the brand name of its primary television network from Pax TV to "i." The television broadcaster, which has local affiliate WOPX-TV (Channel 56), says the new "i" brand reflects its new network programming strategy -- to provide an independent broadcast platform for producers and syndicators who want to reach a national audience.
Dean Goodman, Paxson president and chief operating officer, says Paxson's primary network will operate as independent television by offering a mix of original series, movies, specials, sports and news that appeals to a variety of interests.
Paxson says it will begin using the "i" brand name July 1. During a transition period, the company will run on-screen identities featuring both the new and existing brands and on-air promotional spots informing viewers of the change.
After the transition is complete, Paxson, which is currently digital multicasting on 45 of its 60 stations, will continue to air programming under its Pax TV brand on one of its digital channels over the air and in select cable homes.
Paxson reaches 84 percent of U.S. television households via nationwide broadcast television, cable and satellite distribution systems.
The West Palm Beach-based company, which lost $95.9 million in the first quarter of 2005, has denied plans to change its network to all paid programming. Paxson (AMEX: PAX - News) also recently posted positive news -- a $24.5 million World Trade Center insurance settlement. However, in documents filed with the Securities and Exchange Commission, Paxson states that it expects "2005 to be a challenging year for us."
Not the same, granted, but they are a fledling network with issues. Some things they have we dont, many things we have they dont. Both on the positive and negative side I would venture to say. Of course, they are ahead of us in the scheme of things, but .62 would be alright with me right now.
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