posted
It is a possibility the dilution has not stopped. First of all, everyone is getting as many shares as they want at a decreasing price as if there is a limitless supply. Next, look at the original statement regarding the NTI deal, which was later changed, and how that deal would have increased the outstanding share count to 21B. 47% of 50B is 23.5B. The original NTI deal would have left him with only 2.5B shares remaining if Frank did not convert his shares. With the conversion of his common shares to preferred, he can then sell the 26.5B shares he converted as they were not retired and never lose his ownership percentage. I’m not saying it was a personal decision for Frank but the only thing bringing in cash to this company is the sale of shares. We all see the efforts of Q and that equates to a lot of money going out the door and there really isn’t a whole lot they are earning. Hopefully, the audit will prove all this to be wrong but it is a possibility in a worst case scenario.
In terms of a valuation using a worst case scenario, say the company accepted an offer for $50M to be conservative. Frank is still going to receive 50+% of the selling price. That leaves $25M to the shareholders, which has a potential of being 50B.
posted
We're not the omly company being manipulated.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 27, 2005--GlobeTel Communications Corp. (AMEX:GTE - News) today announced that in response from a request from the Company, the American Stock Exchange will refer the request for review of possible market manipulation by market participants trading the Company's stock off the Exchange. ADVERTISEMENT
The Company has expressed its concern to the American Stock Exchange that certain market participants trading off the Exchange have been using various methods to affect the price of the Company's shares. The Exchange has notified the Company that the matter has been referred to the appropriate internal and external regulatory authorities.
GlobeTel CEO Timothy Huff commented "There should be no doubt that we will pursue all avenues to assure that GlobeTel shares trade in a market free from manipulation and that all market participants trade according to the regulations. These actions will not be tolerated."
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posted
This all looks like preperation for a run to me. Every time we touch 0.0009 a flood of buys come in. We have very strong support at 8 and 9, so the MM's will abuse that and drop it down. When the support comes in they tick it back up to try and get the support to fill at the ask. When orders start filling at the ask we will start running. We have good support we just dont have enough new people willing to buy at the ask to follow up the support buyers. Eventually they will tick it low enough to where support buyers will buy even at the ask and then thats when the flood of new buyers will come in fueled by day traders. Honestly I dont see them testing much lower, they are getting killed at 0.0009. JMHO
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quote:Originally posted by microcapelite: Just relax and read my most about manipulation and filing. It will help you understand the situation we are in. Just look at the volume and accumulation/disp on the charts. Everything is pointing up except the PPS. That will all change once we get something on paper. The MM's are just rollin in the money until we get some financials out. Can't really expect much else especially as a pink.
Hardly any pinks get traded fairly because the MM's use everything to their advantage. You have to be "perfect" on paper to get traded fairly, and even then most companies still don't get traded fairly.
I agree. However after the PR about 19'5 billion shares Frank issues a PR saying he's buying Teleport. I know he's using shares so that will have to be added in the audit. Hope he doesn't snuff this thing before we even get a chance.
this is exactly my main point i have been mentally wrestling with. What is this "subsidiary" business and why do they continually throw it in to the pr's and statements? It is the only "out" I can see for frank if he bails, and that scares me.
TRIANGLE MULTI-MEDIA LTD INC COM is the "business entity name" on ticker symbol QBID. The LTD part is making me nervous. That means there's no one held accountable.
The Q Website IR page states: Investor Relations - PinkSheets: QBID Thank you for your interest in Q Television stock (being a subsidiary of Triangle Multi-Media Limited, Inc.)
subsidiary: - Serving to assist or supplement; auxiliary. - Secondary in importance; subordinate.
So, my worry is that Q Television could be the strong subsidiary in Triangle's weak corporation, and while Triangle, a publicly held company, is building its portfolio of holdings (such as Network Teleports, film libraries, Qtelevision, etc), QBID shareholders are drowning in liabilities incurred to acquire the holdings, and we don't specifically hold 100% stock in subsidiary Qtv.
One example: the Network Teleports PR " PALM SPRINGS, Calif. – September 16, 2005 – Triangle Multi-Media Limited, Inc., (OTCBB Other: QBID), the parent company of Q Television Network, announced today the purchase of Network Teleports Inc.(NTI) of New Orleans. The purchase will be made with private financing of five million dollars, and will not dilute Triangle Multi Media stock, QBID. The purchase will include an ownership position by the private equity group, but controlling interest will be with Triangle Multi Media. The "private equity group" owns part of NTI, and Triangle Multi Media owns part of NTI. Now, should someone sit on both sides of that fence, and a subsidiary Qtv) uses those services, and revenues come out of that useage, then somebody could be making a pretty penny without sharing the whole pie.
Without basis, because I just don't specialize in mergers & aquisitions, I feel that there is a way that Qtv or other subsidiary assets can be sold/merged into companies that we don't have shares in, and we get left holding the bag of liabilities.
That's been one of my questions for a long time, and it's gone unanswered for way too long, cuz I am more often seeing carefully worded distinctions creep into company PRs.
and I haven't seen Howard Rubenstein produce a dang thing...
and by the way, I have NEVER heard of a legit CEO who watches his stock drop from .028 to .0009 and continues to back off all efforts to stop the slide (ie releasing audits, info, dvds...)all the while encouraging his "loyal" flock to buy.
i guess that whole "typed shareholders meeting" was kinda the last straw for me. at least in a conference call one cannot "edit" their words before responding.
~BB
quote:Originally posted by DIGDOUGH: BB, I agree with you about the typed meeting business. i would think Frank could do better than that also. With all of the teleporting and antennas sitting around and the website. That doesn't seem very creative. I guess w'ell have to take their word on who is talking and answering questions.
One part I questioned in your post was the subsidiary shareholders part. To the best of my knowledge we are Triangle Multi-Media Inc (QBID) shareholders, so QTV is just a part of our interest.
quote:Originally posted by bige2533: It is a possibility the dilution has not stopped. First of all, everyone is getting as many shares as they want at a decreasing price as if there is a limitless supply. Next, look at the original statement regarding the NTI deal, which was later changed, and how that deal would have increased the outstanding share count to 21B. 47% of 50B is 23.5B. The original NTI deal would have left him with only 2.5B shares remaining if Frank did not convert his shares. With the conversion of his common shares to preferred, he can then sell the 26.5B shares he converted as they were not retired and never lose his ownership percentage. I’m not saying it was a personal decision for Frank but the only thing bringing in cash to this company is the sale of shares. We all see the efforts of Q and that equates to a lot of money going out the door and there really isn’t a whole lot they are earning. Hopefully, the audit will prove all this to be wrong but it is a possibility in a worst case scenario.
In terms of a valuation using a worst case scenario, say the company accepted an offer for $50M to be conservative. Frank is still going to receive 50+% of the selling price. That leaves $25M to the shareholders, which has a potential of being 50B.
$50M / 50B = .0005
I think you are panicing over nothing here. The 26.5B shares that Frank converted should be held in the treasury so there are enough shares for the Prefered to be converted back. I don't think they will be released. Besides, if they were then Frank's percentage would drop because his Preferred shares presumably can only be converted into 26.5B shares. So if what he converted were sold and there were now 50B shares O/S and issued, then when he converted back the A/S would need to be raised (let's say just enough for the conversion) to 76.5B and he would then own 26.5B/76.5B, or about 34% of the company. Granted, still enough for control but not absolute control.
-------------------- The opinions expressed here by myself and others should be taken for what they are: opinions. Beware, many express opinion as fact. Do your own research from reputable sources and never invest more than you can afford to loose. ~,-,-< GatorMan
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posted
Just a few of my random simple thoughts. . .
I never heard back from Crystal at the Q office as to the time for the meeting.
I just spoke to Milo, he left me on hold for about 5 minutes while he tried to find the time for the meeting, nada.
Ok, here's one of the things that baffles me. Without searching back pages of posts, I'm guessing that 5 or fewer people from this board have indicated by posts that they hope to attend the meeting. So, lets go way out and say that maybe 100 total shareholders plan to attend. Why would tickets be necessary? I've attended many other shareholder meeting and yes, you RSVP, so they can get a head count. Perhaps I'm paranoid, but it seems some people can be screened out. That is if there actually will be a public meeting.
Next, Frank is the CEO. That means wearing ALL the hats and juggling ALL the balls. I'm sure he's working like a demon to secure contracts and produce shows, however he also needs to keep a major focus on that PPS.
Ok, great, so he spends more $$$ to hire Equity Relations (Richard), a firm in MA to deal with investor issues. Unfortunately, all Richard has become is a layer of insulation to protect Frank from our collective wrath. He's provided with no information and no sophisticated means in which to disseminate it.
I believe that QTN is Frank's dream. He is an excellent producer and visionary. I am just very concerned at this point that Frank has lost financial control of this enterprise.
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posted
Yeah. I see lots of movement by the MM's. 100 signals everywhere. They are leap frogging eachother and shuffling around. We are getting really close to a turnaround. This is usually what it looks like with a stock that has consistantly high volume.
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quote:Originally posted by microcapelite: Yeah. I see lots of movement by the MM's. 100 signals everywhere. They are leap frogging eachother and shuffling around. We are getting really close to a turnaround. This is usually what it looks like with a stock that has consistantly high volume.
quote:Originally posted by microcapelite: Yeah. I see lots of movement by the MM's. 100 signals everywhere. They are leap frogging eachother and shuffling around. We are getting really close to a turnaround. This is usually what it looks like with a stock that has consistantly high volume.
posted
Frank stated that the Studio was worth $25M and NTI $5M (what was paid). Given only these two facts and not mention the monthly $179K for (22K) subscribers; $400-500K from NTI, the films libaray worth ($2B-per Frank), syndications etc, etc. We should be at least be .0015 taking into consideration a TOTAL O/S of 19.5B. C'Mon Frank let file the damn audit!
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It very well can fall back to the mid/low triple zero's!
MICROCAPELITE SAYS:
quote:Originally posted by microcapelite: This all looks like preperation for a run to me. Every time we touch 0.0009 a flood of buys come in. We have very strong support at 8 and 9, so the MM's will abuse that and drop it down. ... Honestly I dont see them testing much lower, they are getting killed at 0.0009. JMHO
It very well can fall back to the mid/low triple zero's!
MICROCAPELITE SAYS:
quote:Originally posted by microcapelite: This all looks like preperation for a run to me. Every time we touch 0.0009 a flood of buys come in. We have very strong support at 8 and 9, so the MM's will abuse that and drop it down. ... Honestly I dont see them testing much lower, they are getting killed at 0.0009. JMHO
anyone else wanna input?
~BB
we have support and will run. Just need the daytraders to take notice.
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Chug!!! Chug!!! Chug!!! I know we can I know we can. Sitting in a first class seat on the "Q" train to retirement. Now if we could only muster up some steam.
Long, strong, holding and most of all believing
GO QBID!!!! I have the canvas money bags ready.
-------------------- 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
Nobody wants to sell this low, and the true longs see any triple zero pps as gold. Only the weak hands are being shaken out. I think 0009 is the strong base the MM's were looking for to start playing the shuffle game for a run. It may not happen today .... but I dont see this lasting much longer.
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posted
Intraday chart shows all of the big volume spikes were when MM's tested 0009. Muahaha ... I love it when the MM's dont get their way
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quote:Originally posted by kybowhunter: goodmorning everyone,
imo, we are not at the bottom...and we probably won't have a run no matter who's chart says what, oddly enough, at this point the pps is definately controlled by expectation (emotions not event)...we've already witnessed how the latest events have done nothing for the pps much less a run...we may even flirt with .0008-.0007 before its over and thats only because there are probably still a small handfull of people that will soon shake loose their positions, again jmho...but soon things will come to fruition and until then those who continue to have a sense of uncertainty should just try to relax, have faith and gain self control....because again, these really are good times...enjoy and be glad to be a part of Q!
-------------------- QBID 3,000,000 LONG
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