quote:Originally posted by buckwheatbob: A real investor would show his proof.
That reminds me buckwheat, did you ever come up with the proof of the "few stations he(Frank) has sold for a tidy sum of money"?
Posts: 208 | From: Chicago Area | Registered: Feb 2005
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quote:Originally posted by MillerTIME: and last post is about the call tommorrow...i would really appreciate more help in coming up with questions...here is a quick list i thought of while i was at work today....
1. full in depth convo about MM manipulation 2. australia update 3. Frank buying Pride and other channels across the world (change name to Q) 4. Restricted shareholders (FOT theory) 5.honey labrador as hostess---any more coming? 6.pride program sharing/compenstion in canada..
come on guys, throw out some ideas...thanks any help is appreciated
posted
maybe i didn't notice before, but on the Q website if you put your mouse on the pictures of nick oram, queer edge or gay games stars shot out
anyway thought it was pretty cool
-------------------- Sometimes the poorest man leaves his children the richest inheritance. Posts: 804 | From: Woodbridge, Va | Registered: Aug 2005
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Don't forget to account for the capital gains tax! LOL
quote:Originally posted by g-invest: I sold half my position at .0019 and don't regret one bit of it. I got a buy in for .0012 and then I'll sell that again when it runs to .0017, make my money back on all the losses I've taken, and then I'll be out of this stock for good.
posted
MillerTime, i have 3 Q's for your list: (no pun intended )
1 --> i'd like to know if there is any concern for the large blocks of shares traded just at/before the bell recently. or does Frank, Rich & crew all chock it up to a MM conspiracy?
2 --> with this "forthcoming audit" is Q trying to get off the pinks? and what "innovative way" have they found to do that? I reference the conference call from October 2004:
Renee: 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. 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 to 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.”
3 --> what ever happened to LBS and the revenue it was to generate? and what happened to the TMM shares that they were given in exchange for the liquidation assets?
posted
Actually I did give a link. PT and others have confirmed the info on the site is acurate as they where some of the individuals that dug it up. I also believe there is links on there as well that supply other info. You said you are tired of looking like an ******* with the info you give your friends, maybe they need to prove the info you did give them is wrong. I gave you the proof you needed now let them prove it wrong. If I find more I will let you know.
quote:Originally posted by buckwheatbob: And there is no doubt in our minds you are a complete fool. I ask you again court jester, where is the proof of Frank diluting? You do not have a shed of proof. The only reason I can think of, you would post your garbage is you are a basher at heart. A real investor would show his proof. You are lame and have absolutely unequivocally no credibility any longer. You’re true colors have been shown. . . . . . . . . Namely in pink pants! Now go dress up and play with the rest of the children. The only manipulation I see is your deception for readers that come to this board.
quote:Originally posted by g-invest:
quote:I don't know why frank would announce that he converted his stock.... Why announce it if you are going to dilute.
50 billion is the authorized share count, he can not go past that amount by law. So what happens when the outstanding shares hits 50 billion and he owns 53% and need money for expenses? Real simple, convert his shares to preferred stock, now there are 28 billion more shares available for diluting with.
There is no doubt in my mind that there is dilution going on after today.
Before we start bashing g-invest, I think we really need to know what's going on first. I'm not saying that Frank is diluting, but there is really no reason for us to climb to .0022 and then fall back to .0014 again. The people who know me on here (Penny-Trader, Ric, Bottomliner, lilpennypincher, etc.) know that I am not a basher. I am a QBID shareholder. I am also in at a higher price than I'd care to admit, so my frustration is probably understandable. This is the only penny stock that I own and I would love to see it succeed, but I think Frank really needs to complete the audit first. I think this is the most important thing right now for investors - even more than carriers. We need to know the share count. If it turns out to be manipulation, then we really need to get off the Pink Sheets. Either way, SOMETHING has been going on long enough and it's time Frank puts an end to it. Maybe I'm just overreacting, and I'm sorry if I'm offending anyone with my post. Please note that I do not have any solid proof to back up my statements. I'm just frustrated and getting impatient. Posts: 798 | From: New Jersey | Registered: Jan 2005
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quote:Originally posted by Pennies to Dollars: [QUOTE] Maybe I'm just overreacting, and I'm sorry if I'm offending anyone with my post.
Im offended
-------------------- M.M. Semester #3 started,Only 7 more semesters to go. Why, in an age where information is so easy to get, cant we find information on one man. Experience is something you dont get until just after you need it. Posts: 1002 | From: Southaven, Mississippi, US | Registered: Nov 2004
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posted
I agree with you 100% there is something going on. Naked shorting has been discussed here many times and seems to blamed as the culprit. Many from this board have called Richard and possibly even asked frank himself if he is diluting. The answer has always been no and the more the question is asked the more mad Frank becomes.
As Many other companies have also suffered the rath of the MM's and naked shorting and proof has been brought up by the companies, such as SMTR, I am leaning that direction.
-------------------------------------------------- Article on SmarTire System and BE listing « Thread Started on Jul 6, 2004, 11:04pm »
-Most chief executive officers celebrate when their shares get listed on a stock exchange.
-Hundreds of Canadian, U.S. and other companies -- mostly small firms trading in the lightly regulated over-the-counter market -- have suddenly found their shares listed on the Berlin-Bremen Stock Exchange (BBSE) without their knowledge or consent.
-Worse, many say the unauthorized listing coincided with a sharp drop in the value of their shares.
-This has sparked suspicions -- so far unsubstantiated -- that traders are using the German exchange to skirt new U.S. securities laws designed to clamp down on naked short selling, a shady practice that can sink the price of a stock. The BBSE says such practices are not possible under German rules.
-Exchange spokeswoman Eva Klose said in a statement that the BBSE has allowed trading of foreign over-the-counter shares for years with no complaints, and that the practice of listing such shares without the companies' approval complies with German securities laws.
-In an interview, BBSE spokesman Andreas Weihmuller said about 300 companies have asked to be delisted, and the exchange has complied in about half of those cases. He said German brokerage Berliner Freiverkehr was responsible for listing most of the companies because it wanted a market for the securities.
-Only companies that have no trading volume on the BBSE qualify for delisting, he said. If a company that trades actively were to be delisted, German investors who own the stock would not be able to sell their positions, he said.
-SmarTire lawyers in Canada and the United States have demanded the shares be delisted, but the exchange has so far refused.
quote:Originally posted by Pennies to Dollars:
quote:Originally posted by buckwheatbob: And there is no doubt in our minds you are a complete fool. I ask you again court jester, where is the proof of Frank diluting? You do not have a shed of proof. The only reason I can think of, you would post your garbage is you are a basher at heart. A real investor would show his proof. You are lame and have absolutely unequivocally no credibility any longer. You’re true colors have been shown. . . . . . . . . Namely in pink pants! Now go dress up and play with the rest of the children. The only manipulation I see is your deception for readers that come to this board.
quote:Originally posted by g-invest:
quote:I don't know why frank would announce that he converted his stock.... Why announce it if you are going to dilute.
50 billion is the authorized share count, he can not go past that amount by law. So what happens when the outstanding shares hits 50 billion and he owns 53% and need money for expenses? Real simple, convert his shares to preferred stock, now there are 28 billion more shares available for diluting with.
There is no doubt in my mind that there is dilution going on after today.
Before we start bashing g-invest, I think we really need to know what's going on first. I'm not saying that Frank is diluting, but there is really no reason for us to climb to .0022 and then fall back to .0014 again. The people who know me on here (Penny-Trader, Ric, Bottomliner, lilpennypincher, etc.) know that I am not a basher. I am a QBID shareholder. I am also in at a higher price than I'd care to admit, so my frustration is probably understandable. This is the only penny stock that I own and I would love to see it succeed, but I think Frank really needs to complete the audit first. I think this is the most important thing right now for investors - even more than carriers. We need to know the share count. If it turns out to be manipulation, then we really need to get off the Pink Sheets. Either way, SOMETHING has been going on long enough and it's time Frank puts an end to it. Maybe I'm just overreacting, and I'm sorry if I'm offending anyone with my post. Please note that I do not have any solid proof to back up my statements. I'm just frustrated and getting impatient.
his shares are set aside as unusable or restricted so to speek.
he can not issue these shares. these shares have been converted to prefered shares to take them out of the mix. they still count towards the o/s but not in the float.
That is a point that i asked Richard today and he confirmed this for me today.
Rod
quote:Originally posted by g-invest:
quote:I don't know why frank would announce that he converted his stock.... Why announce it if you are going to dilute.
50 billion is the authorized share count, he can not go past that amount by law. So what happens when the outstanding shares hits 50 billion and he owns 53% and need money for expenses? Real simple, convert his shares to preferred stock, now there are 28 billion more shares available for diluting with.
There is no doubt in my mind that there is dilution going on after today.
-------------------- 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
ok I know I will probably be slamed for this , and I know that Frank has said there would be no rs, but if he thinks we can't get off the pinks because there are fust two many shares out there thenwhy not do a 2 for 1 r/s and cut the shares in half. I have been in this stock probably longer than 90% of the people here so please take it easy on me.
Posts: 298 | Registered: Oct 2003
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posted
Naked shorting, will mean nothing the day Q begins P/R re. the audit, this company is way ..way too gray for most investors to be interested in it. The move off the pinks will change all that, the quick ups and downs can be attributed to MM but also remember day traders play a large roll in the pps. When SMTR.OB (clear financials) announced the enactment of the tred act, we went from .04 to .24 in about a week (Berlin ment nothing). It is said here “All we ever had to do was launch” may want to add to that “and report”. I’m holding 14 mil. And I think I’m going to have a real-real good Dec.
Posts: 21 | From: Ca | Registered: Aug 2005
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posted
Ok here we go this is not going to be word for word as it will take me 2 days to type it all out and there was a lot of small talk that really isnt necessary to be typed out. but this is a very accurate summary of our call.
i asked Richard about the studio deal. the rumour is that the studio is only leased.
Richard stated that it is 100% owned by Q and the name will be changed soon to Q media city. they would not allow that on a leased building.
i next asked too explain what a national agreement meant.
Richard explained that it was a national licensing agreement where they are capable to carry Q television network if they so desire to. the regional offices manger can decide not to or to carry the station.
i asked him if this means that Frank would have to negotiate with every location to convince them to carry the channel?
Richard said it not really a negotiations its more of whether they want to carry it or not. The hard part of the negotiation is over in that hey have the national deal signed with Cox in Atlanta. I feel that most will want it, as they spent the legal fees at head office and they did not do it for nothing. Cathy Ratzenberger is working right now on the region and helping to convince them to take the network
I asked if there where specific launch dates for cox regions.
He said that he has heard specific start dates for many areas, but im not going to get into those dates until they are confirmed by Cathy. what i can sat is Cox is very very excited to roll this out and they are not going to waist any time in delaying this.
I asked Richard about this letter that Frank supposedly signed with the answers to a bunch of questions. can you confirm or deny this letter?
Richard said I can not confirm or deny this letter. I have an email into Franks assistant to get verification on this but have not received any confirmation. I do know that Frank has met with people in Dallas when he has been there but not sure who with. I can tell you that someone at Allstocks stated that i set up a meeting with Frank. that is absolutely not true, i have never set up any meetings for anyone with Frank.
I made the comment that the price of this stock was doing some funny things that does not reflect the progress that we have made.
Richard stated that he agrees there is some funny stuff happening and that the company is not to happy about this. Frank calls me in the middle of the night when reviewing the days trades and he is very upset with this. they have signed 2 of the top 10 carriers and the signing of the deal on a revenue producing studio and the price does not make any sense.
i next asked him if the audit was still ongoing
Richard stated that yes it is still ongoing. The audit is beyond the scope of what im responsible, and i have been told by the company that i will see the audit a couple of days before the investors to help with the pr announcing that.
I then asked about the Pride Deal. is this still tied up in the Canadian Courts?
Richard said Yes that is right. i was just talking to Frank on that in fact because we have a deal with Pride to carry Jackie Jetts show on the Canadian channel. Frank stated that he still feels that he will own the Canadian pride vision channel. Frank keeps saying there is one thing i know and that is how to buy bankrupt companies and turn them around. And that is true he has done this in the past and turned bankrupt companies into something somewhat relatively spectacular.
At this point i changed the focus to Franks converting his 53% of the O/S to preferred stock
I asked him if this freed those shares up to trade them in the market.
Richard said absolutely not. these shares are converted to preferred shares and it has to be all done through lawyers and a lot of paperwork. Which means if Frank wants to sell them they have to be converted back and makes it so that he can not just dump them if he needs cash. the shares remain part of the O/S but are removed from the float.
I asked him to verify then that this converted stock does not free up more shares to dilute with.
he stated absolutely not. They are not diluting the stock. and again went into how the stock is removed from the float and is no longer tradable until it is converted back which could not happen over night as he would need to use third party lawyers and a pile of paperwork for this to happen.
I asked if Frank has considered reducing the A/S number to show that he is not using it.
Richard stated that he would not do that because that is his only insurance if something went wrong he would need to fall back to that to get him through a rough time if that where to happen. I dont think that they have issued very much from the A/S as 10 months ago they stated that they where fully funded through 2008 to break even but they feel they will be profitable in 2006. so there is no need to touch the a/s.
I asked about the o/s count.
Richard said he does not know what the o/s and there there are only 3 people in the company that know this number. Frank, Renee, and the lawyer Goldberg. when i asked Frank about this he referred me back to the Conference call for that. so if you go into the archives you can see what he states then as being the o/s and that is what he is sticking to.
I asked him about the NSS situation
he said all i can say is that i see certain mms that i will not name are sitting on the ask and the bid for hours on end absorbing 100s of millions of shares and what Frank is doing is going to these mms and requesting the info on where they are getting these volumes of shares without having to raise the price to encourage more shares to be sold. Frank knows the numbers and feels that he numbers dont jive
I then asked him. in a situation where naked shorting is taking place, will any of us be in risk of loosing our shares.
Richard answered no your shares where bought legally through a broker and are on the books. these are not at risk. What happened is that the market makers tend to borrow shares to sell during the day and the job of the ddtdc (or something like that) is to make sure that at the end of the day the numbers of shares that change hands balance at the end of the day. but they are way too lenient about this and thus the mms short the companies hoping that they go under and never have to come good for the shares. But Frank has no intentions of failing, he is just getting tired of seeing this happening and is trying to get this cleared up now. what will end up happening will be a really bad squeeze on the mms when it is all said and done. What Fran is going to do is go the these mms and check thier inventories and compare it to the transfer agents records and see if they are on record and if they are not he is going to keep pursuing it until they either cover their shorts
i then asked about the 6 billion restricted shares. can you give me any information on the status of these shares.
Richard said I cant tell you on that as i dont know but if you call back in a couple of days i will make a point of asking about these. What i do think i remember about these in the CC was that they are restricted for 5 years. but i will check on this and let you know when you call back.
this pretty much was the extent of it.
-------------------- 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
Even, Even, if Frank diluted this thing all the way up to 75 billion shairs and sold the sucker for 3 bil (cutting edge entertainment huge potential market, ya 3 b easy), that’s still a pps of .04. Take your Prozact and give it a rest. ;-)
Posts: 21 | From: Ca | Registered: Aug 2005
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Could you ask about Franks thoughts on selling the company, and what kind of offer would cause him to cash out?
As some of you already know, Frank has secured his financial interest in Q by converting his common shares into preferred shares with voting rights. In a buyout, Franks preffered shares(53% of the vote)are the only ones that matter. Our shares mean squat in that scenario. The purchasing company could buy out Frank for a couple hundred million dollars and give us a 1/25,000 share settlement for the stock of Q's new parent company, or they could reverse split the hell out of Q. In either case, we couldn't do a damn thing about it. Thats not to say that we can't make a ton of money before Q is purchased by one of the media powerhouses. However, we need an idea of just how greedy we can be with our profits. If we get caught on the wrong side of a buyout, we are all going to get screwed.
posted
Rod I would give you 10 stars for that one if I could, but I nailed you at 5 way back. That actually answers questions I didnt even think to ask.
Posts: 482 | From: Arizona | Registered: Mar 2005
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posted
Anyone remember the conference call numbers? I have been dealing with numbers every waking moment this week and have seen so many I am not sure if 2+2=5 is wrong or not!
Plus I am just lazy
Posts: 482 | From: Arizona | Registered: Mar 2005
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posted
[QUOTE]Originally posted by Penny-Trader: [QB] Ok here we go this is not going to be word for word as it will take me 2 days to type it all out and there was a lot of small talk that really isnt necessary to be typed out. but this is a very accurate summary of our call.
quote:Originally posted by Penny-Trader: I asked if Frank has considered reducing the A/S number to show that he is not using it.
Richard stated that he would not do that because that is his only insurance if something went wrong he would need to fall back to that to get him through a rough time if that where to happen. I dont think that they have issued very much from the A/S as 10 months ago they stated that they where fully funded through 2008 to break even but they feel they will be profitable in 2006. so there is no need to touch the a/s.
Hey PT, in the second part of this where you state "I don't think that they have issued..."
Is that Richard being quoted there or is this you interjecting your own comment on his statement?
I appreciate the post, but it is a little hard to decipher his quotes, your paraphrasing him, and your own comments.
Thanks for calling him.
Posts: 208 | From: Chicago Area | Registered: Feb 2005
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posted
What do you want? That I yell every time a PR comes out, Olé or GO Q, make it green, or for an example 1.5 week ago when everyone whas almost sure it was gonna run, when it ticked 0.0022, some of you almost getted an orgasme of exsitement, really you should have heard your self, and then there was G-Invest, saying Frank was diluting, yes in that thing he was wrong, but from all of those who posted here for the last two weaks he was right about the PPS, why is it wrong to discus,pro and contra, all of us can learn of it, of some issues that were sad, I for sure learned more, and my knowleg is now bigger, now I now how a MM realy works thanks to those who did an afford to reply in a normal way, and a lot more a learned here, only with those who are open minde you can discus, and thats why this board is for, If your that sure that Q is gonna run( witch I don't doubt) go watch some TV than, so you wont be nerves. and whats wrong with bashers if there were here? they bash , so they think they get the PPs down and buy then, but do you really think that one who bashing for that reason he'll sucseed to get it down? and there is also nothing wrong with bashing, everyone of us want to get the best out of it and have different stategies, and we all can learn of eatchother if we just listen , even when you think he's wrong then its better to say your oppinion it stead of, he's getting on my nervers, etc....
quote:Originally posted by imakmony2005: man is it just me are does JONAS INVEST, get on everybodys nerves, god shut up please, sorry i had to let that out. now got more at.0015 so this thing better fly are my wife is going to kill me. ive got way to many shares.
-------------------- 9.5 million shares Qbid Posts: 208 | From: Belgium | Registered: Aug 2005
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posted
Jonas - don't worry. Post all you want. (g-invest only comes out from under his rock when things are not going our way - kind of like a cockroach when the light go out) You're OK in my book.
I do at times think you're somking Pot while posting. Is Pot legal in Belgium? Posts: 1271 | From: Sincinnati , Ohio | Registered: Feb 2005
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about smoking Pot..those rules change everytime , it was legal..but not totaly, I don't now how I have to explain this, people may have Pot in their pockets , but not more than 5 grams, thats legal, and they may not sell or buy it here (belgium), like they can do in Amsterdam (coffeeshops) Ps: I'm not smoking Pot
-------------------- 9.5 million shares Qbid Posts: 208 | From: Belgium | Registered: Aug 2005
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posted
Can anyone out there give me any SOLID facts about the networks that Frank had supposedly started and sold for a profit?
I'm not looking for a link to Matt's site, or the biography used for the U of C Riverside speech, or posts on other stock boards. These statements cannot be followed up.
I've used a number of search engines and still cannot find any hard evidence. I've heard "The Movie Channel, The Hospitality Movie Channel, a forerunner of the Home Shopping Network", and some fast and loose comments about BET.
I honestly want to know the facts on this before I go shooting off MY mouth saying Frank has done this before.
Anyone? Thanks
Posts: 208 | From: Chicago Area | Registered: Feb 2005
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posted
this is interesting... nice website, nice approach.
also in palm springs?
PNN Studios 300 E. Arenas Road Palm Springs, CA 92262
----------------------------------
Press Release PrideNation Network Unveils New Platform for Gay Television PNN Announces Name Change, Carriage Agreements and High-Tech Broadcast Delivery Methods. PALM SPRINGS, Calif., Aug. 19, 2005 -- PNN - PrideNation Network, the world's first 24 hour gay IPTV network and #1 IP gay radio station in the U.S., announced today the distribution and delivery methods for the new Proud Television Network. PNN-TV will officially change its' TV name to Proud Television beginning September 15th, 2005. With this name change comes an all-new image, programming format and delivery method.
Proud TV will launch using a revolutionary new delivery method that has been called the next generation of television. Through strategic partnerships and carriage agreements, PNN will broadcast Proud Television through three integrated platforms. Hardware products, computer, and wireless products. Viewers will watch Proud Television at home in their living rooms, at work on their PCs and anywhere on their cell phones. Beginning September 15th, the Proud TV channel will be available in a new set-top box that easily connects to any TV. This box connects to your wireless home network to deliver over 70 niche channels with programs you can watch anytime. This box works with any cable or satellite system. It does not replace your cable or satellite, it adds to it.
"We are extremely excited to be the gay channel on this new TV box," said PNN President Allen Edwards. "We're in great company with other large networks that are channels in this box. Networks that are popular with the GLBT community like BBC, Food Network, DIY, iFilm, A&E and many others. The great thing about this system is that the viewer is in total control of what to watch and when to watch it. The best part about it is that it's easy to connect. It's just like connecting a DVD player!"
Just as PNN-TV is currently broadcasting 24 hours online, Proud Television will continue providing DVD-Quality programming online. "We're not competing with the gay cable networks because we're on a totally different platform," said Corey White, Program Director. "Our network is available 24 hours a day, seven days a week online for the small-town communities who will never get a gay channel on their cable system. We've made it so the viewer can watch small screen while working on the computer or watch full-screen just like a TV. Our online programming has a live TV schedule, video on demand, program libary - who could ask for more?"
PNN-TV has had limited programming available to smart phone and wireless device users for the past few months. Beginning September 15th, Proud Television will have full network programming available to cell phone and wireless PDA customers. This includes expanded services to more phones and devices. Viewers can now take Proud TV with them wherever they go. PNN-TV provides 24-hour television with all-original programming for the GLBT community. Programming include talk shows, games shows, mini series, reality shows, cooking, gardening and more.
For more information on the set-top box, network, promotional photos, media kits and interviews, please contact:
Allen Edwards PNN Studios 888-756-7706 ext. 12 info@pridenation.com
posted
That was Richards thoughts. i would put it in brackets if it was me.
Rod
quote:Originally posted by stashu:
quote:Originally posted by Penny-Trader: I asked if Frank has considered reducing the A/S number to show that he is not using it.
Richard stated that he would not do that because that is his only insurance if something went wrong he would need to fall back to that to get him through a rough time if that where to happen. I dont think that they have issued very much from the A/S as 10 months ago they stated that they where fully funded through 2008 to break even but they feel they will be profitable in 2006. so there is no need to touch the a/s.
Hey PT, in the second part of this where you state "I don't think that they have issued..."
Is that Richard being quoted there or is this you interjecting your own comment on his statement?
I appreciate the post, but it is a little hard to decipher his quotes, your paraphrasing him, and your own comments.
Thanks for calling him.
-------------------- 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
Intresting... Its old news but not that old... ( its from last year when the PPS was at 0.0001 and run up)http://**************.yahoo.com/group/gaayqbid/
Welcome. QBID is taking a new direction and appears to be going forward with their new plan.
This past week the news and the promise of news this coming week has finally moved the stock price up about 1400%. This is a big gain for those who bought in at .0001 and it looks like alot of the profits have been taken off the table.
Prior to the news this past week (week ending 2/6/04) the stock had been stagnant for a long time and allowed some people to accumulate a massive number of shares. The daily volume up to this past week had been at around 100-300 million shares daily, but the action has moved that volume up to a 10 day average of over 866 million with volume on Thursday over 3 billion and on Friday over 2.5 billion shares.
The information we have (not verified) is that there is about 9 Billion shares in the float of which Frank Olsen owns at least 60% leaving approximately 3.6 Billion in the free-trading float. If this is true we have turned the actual float almost twice in the last two days of trading.
-------------------- 9.5 million shares Qbid Posts: 208 | From: Belgium | Registered: Aug 2005
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"...Ok, the question was about the number of shares. There’s 9 and a half billion in the book. There’s 6 billion in institutional hands that is for security against agreements. That was money for gay games, that was money that was needed for borrowed programming and that’s what its there. We don’t expect to ______ the market. Now more of the questions we like to answer everything, if you’d like to add to that you can, but in the float there’s 9 in a half billion."...
..."The authorized shares are 50 billion but that’s just there as a number, that doesn’t mean we’re going to go out and _________. That was there for mergers, planned mergers, or acquisitions so the shares can ______. Nobody’s come running in the doors want to merge in."
AND...
"Frank Olsen: The numbers jive, see you have to understand, we consider we’ll be worth 5 billion in 5 years, because that’s based on sales of other channels. You have to take the black entertainment network, you have to take the Bass channel, lets take the golf channel, you take the QVC home shopping network, and you take sales of Bravo, all the niche channels, Sundance, you take all the niche channels and you see what their average length is, the average length is 3 years and then their bought out and made offers to buyout. The funny thing about the BET, they never made a dime, they never posted a profit and they sold for what, 5 billion."...
~BB
quote:Originally posted by Ligge: Anyone remember the conference call numbers? I have been dealing with numbers every waking moment this week and have seen so many I am not sure if 2+2=5 is wrong or not! Plus I am just lazy
Ask Frank if he has thought of suspending trading for a couple of days before the audit numbers are released? Shoot the MMs in the A S S. He has dumped on them in to many PRs not to be scared to do this!! Unless Frank himself has something to hide!! Time for Frank to strike back at the MMs and a Trade suspension is a great idea, it is done often by small companies on the TSE before a huge announcement is made.
Posts: 1637 | Registered: Apr 2004
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