posted
Frank called me too! Just to say hi and to thank me for all the money.
quote:Originally posted by imakmony2005: ok, people take this at face value frank called me and two ether shareholders this morning, were going in on the start of next month to go over all the books, audit,ect but he did say this info might be out by then. so a pop are drop maybe coming.IMHO
-------------------- "Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety."
quote:Originally posted by imakmony2005: ok, people take this at face value frank called me and two ether shareholders this morning, were going in on the start of next month to go over all the books, audit,ect but he did say this info might be out by then. so a pop are drop maybe coming.IMHO
Really? So are we talking first week of January? Was this in response to the letter sent requesting to be allowed to look at the paper work and make photocopies? Frank called personally?
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posted
Well I guess Frank has been busy this morning, reacting to the letters from the shareholders who requested to see the books.
As you all know Imakmony sent letters to the "Q" organization in accordance with the State of WA, demanding to see the books for QBID. In addition, a few others have sent the same letters.
Apparently, the date of January 05th 2006, in the "Q" offices at Burbank has been set. Just need to confirm the time with the Admin staff at "Q". Frank will allow 2-3 shareholders to be present during the inspection of records.
I have spoken with Imakmony and I will also be attending the meeting on January 05th 2006 to have a peek at what is actually going on.
However, I anticipate that we will have PR's prior to that date and who knows maybe the audit will be released. I would not hold my breathe on that but who knows with Frank.
I would say that even if he does release information about the audit, it would still be advisable to keep the appt for January 05th, to verify in person what the PR's are saying.
Kudos to Imakmoney for getting the ball rolling
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by Doctoall: ... I have spoken with Imakmony and I will also be attending the meeting on January 05th 2006 to have a peek at what is actually going on.
Thanks, Doc and Imak.
-------------------- Everything I say is only my opinion ... right or wrong.
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posted
Thanks Imak, I don't think you should take his word on something coming out before then, do you?
quote:Originally posted by imakmony2005: ok, people take this at face value frank called me and two ether shareholders this morning, were going in on the start of next month to go over all the books, audit,ect but he did say this info might be out by then. so a pop are drop maybe coming.IMHO
posted
Well, now he has good reason to get the audit out first, because there's no point in hiding it if the shareholders are going to see the numbers anyway.
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imakmony2005
unregistered
posted
dig, not sure,im very happy it was frank on the phone but with all thats happened im just crossing my fingers. i think if it were me i would pr it before i let shareholders see it.but this is frank.
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quote:Originally posted by Esteban99: Well, now he has good reason to get the audit out first, because there's no point in hiding it if the shareholders are going to see the numbers anyway.
That's what I am thinking, we will just need to go to verify what he has released unless he files it with the SEC
-------------------- 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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imakmony2005
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posted
BY THE WAY THANKS TO FOT HE GAVE ME THE LETTER.
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posted
If frank doesn't release the audit before the viewing by shareholders, can the shareholders legally disclose any data and information they've seen?
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quote:Originally posted by imakmony2005: ok, people take this at face value frank called me and two ether shareholders this morning, were going in on the start of next month to go over all the books, audit,ect but he did say this info might be out by then. so a pop are drop maybe coming.IMHO
That would be great, at least for your own personal satisfaction. But you know as well as anyone else that your posted findings will still add up to nothing.
At this point we only want an audit/official documentation. And it will come soon enough.
posted
right on guys i am proud of you for standing up for the qbidian shareholders.
we have made this dream possible and we deserve better shareholder appreciation than we have received.
frank will be forced to start to treat us a bit better if we take informed and thought out steps to show him that we are important and we deserve better than how he has treated us.
imakemoney and father of two thanx for doing this guys i appreciate your efforts.
sincerely your qbidiot.
-------------------- gotta know when to hold em and when to ..........
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posted
Imakmoney, what better way to show your appreciation to us than to release a pr, especially before we have to force the issue. It would be a lot easier on you guys, then again, maybe you should go any way to compare the contents. Surprises aren't neccessarily out of the question, are they?
quote:Originally posted by imakmony2005: dig, not sure,im very happy it was frank on the phone but with all thats happened im just crossing my fingers. i think if it were me i would pr it before i let shareholders see it.but this is frank.
posted
something to consider for you guys going to view the books. don't know if this applies, but it's worth consideration:
Insider Trading The buying or selling of a security by someone who has access to material, nonpublic information about the security.
Notes: Insider trading can be illegal or legal depending on when the insider makes the trade: it is illegal when the material information is still nonpublic--trading while having special knowledge is unfair to other investors who don't have access to such knowledge. Illegal insider trading therefore includes tipping others when you have any sort of nonpublic information. Directors are not the only ones who have the potential to be convicted of insider trading. People such as brokers and even family members can be guilty.
Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock.
quote:Originally posted by imakmony2005: ok, people take this at face value frank called me and two ether shareholders this morning, were going in on the start of next month to go over all the books, audit,ect but he did say this info might be out by then. so a pop are drop maybe coming.IMHO
Honestly, I don't think I care anymore. Ahhhh, I'm torn.
-------------------- Remember two things: You love New York City and leave only your footprints.
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posted
Ok. Listen...Maybe when Frank went to Vegas, he was placing bets at the casinos for whether or not "QTN" would release an audit. I heard it was 1000000 to 1 odds.
-------------------- Remember two things: You love New York City and leave only your footprints.
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quote:Billionaire investor Kirk Kerkorian's Tracinda Corp. said on Tuesday that it sold 12 million shares of General Motors Corp. (GM) in December for federal and state tax purposes. Tracinda said it is eligible for "substantial" federal and California corporate income tax savings if it incurs a capital loss before the end of its fiscal year, which ends on January 31, and the loss will offset certain capital gains realized by Tracinda in an unrelated transaction. General Motors shares closed $1.20, or 5.7 percent, lower at $19.85 on the New York Stock Exchange on Tuesday.
quote:"In this regard, the filing persons may consider acquiring additional shares when they are able to do so without jeopardizing the tax benefits realized as a result of the sales," Tracinda said in the SEC filing.
Now this isn’t QBID, but it helps illustrate what I believe has gone on recently, and why I believe (well, hope, anyway) we will see a spike in Jan.
I will preface this with: WARNING: UNINFORMED RAMBLING/PERSONAL BELIEF - don't base any decisions off this.
Let me set up a fictional company and investing entity to illustrate my point.
It’s 2004. Vernon Holdings has full control of a marketing company. QWEN, a premium cable channel, contracts the marketing company to promote its channel in newspapers and billboards. The deal is for $10 million in QWEN stock (we’ll say it’s trading at $1 a share to make things real easy.)
2005 rolls around, and Vernon Holdings is doing well. They’ve pulled in $50 million in cash deals. However, that darn QWEN stock plummeted to $.10 a share – making their equity in QWEN drop to only $1 million.
What to do?
Well, one option is to dump all those QWEN shares and you can shave your taxable income down to $41 million – effectively making you another $3 million in saved taxes.
The price of QWEN stock dips even further from all the shares being dumped. The lower it goes, the more other companies with the same QWEN stock deals get the same idea and dump. The shares on the market effectively double and then quadruple, driving the price into the ground.
Jan 01, 2006 rolls around with QWEN trading at $.01
This isn’t a big surprise to Vernon Holdings, who expected a big dip in stock price after the news of their dump came out (and their golf buddies in several other companies had mentioned in passing that they were probably going to sell the stock for a tax break). Using the $3 million tax break and the $1 million from the sale, they buy back in for 400 million shares.
Even if the stock only goes back to the point where they sold it for a tax loss, they’re still up $30 million over the original deal. If it manages to get back up to the pps on the date of the original deal, that $10 million dollar deal turns into $400 million.
--
We know for a fact that Firestone was given 500,000 shares (as far as I know, we don’t know if these ever became unrestricted). However, we also know that the float has increased by close to 30 billion shares. Either these were printed just to dump into the market for some capital (doubtful for many, many reasons – unless you wanted to print your own money and flee to Brazil), or they were used to seal deals with other companies. These were then dumped into the market by those companies as the pps plummeted.
This is why I don’t think the trend will reverse until January. Fortunately, it is only two weeks away. I’m hoping for buy-back on the 1st, audit on the 3rd, and a good visit by our friends on the 5th.
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posted
I'm not an accountant, but I think you may be putting too much emphasis on the Jan 1 date. Unless I am mistaken, it's just a 30 day rule. You could sell in October, buy back 30 days later (November) and still have a tax loss on the original holdings.
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posted
busy signal last 8 minutes.... must be lots of verifying going on.... can this be verified through washington's gov web site? been looking can't find it
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