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What are you talking about? Never mind, I don't really want to know. LOL

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Originally posted by shlik:
And it would be good for the shareholders.

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Posts: 3243 | From: California | Registered: Jul 2005  |  IP: Logged | 

posted                

Turn off the light when you leave.

quote:

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Originally posted by shlik:
Ya, stay in the dark.

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Posts: 3243 | From: California | Registered: Jul 2005  |  IP: Logged | 

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quote:

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Originally posted by betting babe:

the full transcript is still here: http://www.allstocks.com/stockmessageboard/ubb/Forum8/HTML/009828.html

FRANK SAID:

"...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

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Posts: 3243 | From: California | Registered: Jul 2005  |  IP: Logged | 

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Yeah that's my plan not because I buy something that I like the product, I believe in what they are doing 'll be good, that's all

quote:

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Originally posted by shlik:
Your plan is to buy low from some sucker,,who is an idiot for letting his Q shares go, Right? and sell high to some other sucker, Right?

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Posts: 208 | From: Belgium | Registered: Aug 2005  |  IP: Logged | 

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Originally posted by 4Art:
Thanks for the poll idea, Wangdo!

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Posts: 804 | From: Woodbridge, Va | Registered: Aug 2005  |  IP: Logged | 

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quote:

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Originally posted by Penny-Trader:
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.

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Posts: 1313 | From: Florida | Registered: Jun 2005  |  IP: Logged | 

posted                   

quote:

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Originally posted by shlik:
Your plan is to buy low from some sucker,,who is an idiot for letting his Q shares go, Right? and sell high to some other sucker, Right?

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Posts: 2152 | From: Ohio | Registered: Sep 2004  |  IP: Logged | 

posted                   

quote:

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Originally posted by 4Art:
What are you talking about? Never mind, I don't really want to know. :cool: LOL

quote:

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Originally posted by shlik:
And it would be good for the shareholders.

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Posts: 2152 | From: Ohio | Registered: Sep 2004  |  IP: Logged | 

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Originally posted by imakmony2005:
Run with it barry.cuz i just dont know and i know you dont.

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Posts: 22 | From: Columbus, Ohio | Registered: May 2005  |  IP: Logged | 

posted                   

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Originally posted by Bigrod40:
I Vote for Suzainiee to call Frank and tell him to suspend trading on Monday before bell....

LOL

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Posts: 1397 | Registered: Jun 2004  |  IP: Logged | 

posted                   

quote:

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Originally posted by barry4821:
Please tell me if these numbers add up.
Per the conference call in 2004 they say their outstanding shares was 50 Billion shares. They also announced a 2% buy back around 1 billion shares.

50 Billion
1 billion - 2% buy back Oct. 2004
1.5 billion buy back - 3% buy back June 14th 2005
25 billion retired stock - 53% August 2, 2005
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22 billion outstanding shares give or take a billion.

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Posts: 734 | Registered: Sep 2004  |  IP: Logged | 

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Originally posted by DeportTheWitless:
How can a PR announcing a deal with Cox cable produce no trend reversal at all?
Also a side note: How funny is it that the Gay TV chanell goes with cox?

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Posts: 734 | Registered: Sep 2004  |  IP: Logged | 

posted                   

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Originally posted by ArchAngeI:
it wasnt released on the wire
"Cox doesnt allow pr for there new carriage agreements"

does anyone have a link to the conference call(if there is one)?... I couldnt find one

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Posts: 734 | Registered: Sep 2004  |  IP: Logged | 

posted                   

quote:

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Originally posted by suzainiee:

quote:

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Originally posted by Bigrod40:
I Vote for Suzainiee to call Frank and tell him to suspend trading on Monday before bell....

LOL

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How about an e-mail to Richard?

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Posts: 734 | Registered: Sep 2004  |  IP: Logged | 

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Originally posted by tqn:
enlighten us how you see the funny side of gay tv channel goes with cox !!!

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Posts: 2152 | From: Ohio | Registered: Sep 2004  |  IP: Logged |