posted
Rich Brown said the audit is being delayed because they want to 'certify' the asset valuations. The likely, and unvarnished, truth: the total assets aren't near the $1 billion or $2 billion that Olsen said, but closer to around $100 million, which anybody with a calculator and some accounting and finance can figure out. Olsen's has bullsh-tted himself into a corner and now may be facing an SEC violation for misreprenting asset values to public investors. This audit is probably a hot potato.
This is what happens when you don't have a proper CFO in place and a CEO who thinks it's OK to bullsh-t investors.
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posted
I also suspect that if Olsen isn't ready to release the audit he's going to make doc and imak sign confidentiality agreements. Unfortunately.
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quote:Originally posted by DIGDOUGH: Somebody needs to get it through Franks head that we aren't all here because we're gay and want to see TV shows. And be martyrs for his dream. We want to make some money, even just break even would be a dream right now.
posted
You could be on to something. That has been my suspicion. I was once told that con artist are the most decieved of all. When he said that old film library with no rights to the music is worth a billion, something started stinking there. The one billion bull is just the top of the iceberg. I don't have much to lose by being blunt here. It's scary that this guy seems like one of the biggest BSers in the Biz. I don't know if thats what it takes to start a TV network.
quote:Originally posted by ltesprit: Rich Brown said the audit is being delayed because they want to 'certify' the asset valuations. The likely, and unvarnished, truth: the total assets aren't near the $1 billion or $2 billion that Olsen said, but closer to around $100 million, which anybody with a calculator and some accounting and finance can figure out. Olsen's has bullsh-tted himself into a corner and now may be facing an SEC violation for misreprenting asset values to public investors. This audit is probably a hot potato.
This is what happens when you don't have a proper CFO in place and a CEO who thinks it's OK to bullsh-t investors.
posted
Well if QBID is worth 100 Million and we have 100 Billion shares out there that explains the .0001 value. Way to go Frankie Boy, your the best.
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quote:Originally posted by ltesprit: Rich Brown said the audit is being delayed because they want to 'certify' the asset valuations. The likely, and unvarnished, truth: the total assets aren't near the $1 billion or $2 billion that Olsen said, but closer to around $100 million, which anybody with a calculator and some accounting and finance can figure out. Olsen's has bullsh-tted himself into a corner and now may be facing an SEC violation for misreprenting asset values to public investors. This audit is probably a hot potato.
This is what happens when you don't have a proper CFO in place and a CEO who thinks it's OK to bullsh-t investors.
Are you the same Itesprit that posts on IHub? Just wondering...
-------------------- Remember two things: You love New York City and leave only your footprints.
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quote:Originally posted by Bigrod40: Well if QBID is worth 100 Million and we have 100 Billion shares out there that explains the .0001 value. Way to go Frankie Boy, your the best.
quote:Originally posted by DIGDOUGH: Somebody needs to get it through Franks head that we aren't all here because we're gay and want to see TV shows. And be martyrs for his dream. We want to make some money, even just break even would be a dream right now.
I'm sure Frank is well aware that the majority of the stock holders are not gay, he may be guilty of alot of things...But I refuse to pass judgement and give up what I have invested till I see proof that this is and has been a scam. So ...everyone, don't get your knickers in a twist...keep your blood pressure under control and lets see what happens. The only other choice... is that you sell and eat the loss...It is a PINK remember and you new the risks, so don't blame anyone but yourself. John
-------------------- American by birth...US ARMY By choice.
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Ya we'll have to see. The pink doesn't seem to be the problem. It seems to be more like Franks decisions and the way he does things. He s worse than trying to figure out woman.
quote:Originally posted by 2crazynuts:
quote:Originally posted by DIGDOUGH: Somebody needs to get it through Franks head that we aren't all here because we're gay and want to see TV shows. And be martyrs for his dream. We want to make some money, even just break even would be a dream right now.
I'm sure Frank is well aware that the majority of the stock holders are not gay, he may be guilty of alot of things...But I refuse to pass judgement and give up what I have invested till I see proof that this is and has been a scam. So ...everyone, don't get your knickers in a twist...keep your blood pressure under control and lets see what happens. The only other choice... is that you sell and eat the loss...It is a PINK remember and you new the risks, so don't blame anyone but yourself. John
posted
This is a time that is exceedingly difficult for us all. Many of us, including myself, have invested into Q more than we should. Even though the pps scares me, I still stand behind my decision and I will stay invested.
Sharing my thoughts with you is my therapy. I have gone from one let down to the next but I still maintain my position and belief in Q and what Frank has built. The more I focus on the pps the more depressed I feel. With Q I have to shift to that other side of my brain and use analysis and logic so that this depression doesn’t settle in.
Is Frank and Q a scam? I would not think that a scam artist would spend this much time and effort. NTI, the film library and the Burbank studios have been purchased. Many employees have been hired. Q is producing a product and that product is being marketed. Q is now broadcasting in 14 regions by 4 carriers in 10 states.
The last time I heard subscriber numbers was in February or March I think. Anyway, subs at that time were some 22k. I wonder what they are now? And what the growth rate is. If we take the revenue from NTI, the Burbank studio rental, syndication and the film library rentals I would believe that that would make a very sizable dent into the burn rate. Sure we all would love to see the audit and I would love to see what the sub numbers are too.
Our carriers don’t blindly sign Master Agreements; their Regions don’t sign local broadcasting agreements by chance. These carriers are taking a risk with GLBT programming. I would think that they would make sure that the risk of Q’s health is mitigated prior to any broadcasting. If I were at one of these carriers making the decision as to whether to add Q, I would verify the quality of their product and make sure this new network was financially stable enough to be successful.
People flock to success. I have noticed that in the past few months many celebrities have appeared live on QTN. A few months ago I talked with Scott Withers and he said that he was surprised at the number of celebrities who have contacted Q about being on their shows. Time proved him right. In a similar light, we see more talent joining Q. The same can be said about Planet Out and their broadcasting of Q.
Doc and Imakmony audit the books this week or next? The numbers won’t change much. One theory is that it would give Frank time to complete the Q4 and year-end numbers. One must admit that the 4th Quarter for Q was exceeding good. Another theory is that the audit contains something that would disclose negotiation already under way. Frank needed another week to get the ink dry, Mary Hartman are you listening? Now the Big Ugly Theory, there is something very bad in the audit and Franks flight to Rio doesn’t depart until Wednesday.
I see expansion of Q’s quality, programming, guests, carriers, regions and more. Like a pebble tossed into a pond, the Q wave is expanding in every direction
In summation, I see a succeeding company that is disconnected from its share price. Many investors will not invest into a non-reporting company. I believe that when Q becomes transparent, the share price will reconnect and the marketplace will value Q appropriately.
-------------------- Your greatest investment is into a peaceful heart.
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quote:Originally posted by Jennifercd10: This is a time that is exceedingly difficult for us all. Many of us, including myself, have invested into Q more than we should. Even though the pps scares me, I still stand behind my decision and I will stay invested.
Sharing my thoughts with you is my therapy. I have gone from one let down to the next but I still maintain my position and belief in Q and what Frank has built. The more I focus on the pps the more depressed I feel. With Q I have to shift to that other side of my brain and use analysis and logic so that this depression doesn’t settle in.
Is Frank and Q a scam? I would not think that a scam artist would spend this much time and effort. NTI, the film library and the Burbank studios have been purchased. Many employees have been hired. Q is producing a product and that product is being marketed. Q is now broadcasting in 14 regions by 4 carriers in 10 states.
The last time I heard subscriber numbers was in February or March I think. Anyway, subs at that time were some 22k. I wonder what they are now? And what the growth rate is. If we take the revenue from NTI, the Burbank studio rental, syndication and the film library rentals I would believe that that would make a very sizable dent into the burn rate. Sure we all would love to see the audit and I would love to see what the sub numbers are too.
Our carriers don’t blindly sign Master Agreements; their Regions don’t sign local broadcasting agreements by chance. These carriers are taking a risk with GLBT programming. I would think that they would make sure that the risk of Q’s health is mitigated prior to any broadcasting. If I were at one of these carriers making the decision as to whether to add Q, I would verify the quality of their product and make sure this new network was financially stable enough to be successful.
People flock to success. I have noticed that in the past few months many celebrities have appeared live on QTN. A few months ago I talked with Scott Withers and he said that he was surprised at the number of celebrities who have contacted Q about being on their shows. Time proved him right. In a similar light, we see more talent joining Q. The same can be said about Planet Out and their broadcasting of Q.
Doc and Imakmony audit the books this week or next? The numbers won’t change much. One theory is that it would give Frank time to complete the Q4 and year-end numbers. One must admit that the 4th Quarter for Q was exceeding good. Another theory is that the audit contains something that would disclose negotiation already under way. Frank needed another week to get the ink dry, Mary Hartman are you listening? Now the Big Ugly Theory, there is something very bad in the audit and Franks flight to Rio doesn’t depart until Wednesday.
I see expansion of Q’s quality, programming, guests, carriers, regions and more. Like a pebble tossed into a pond, the Q wave is expanding in every direction
In summation, I see a succeeding company that is disconnected from its share price. Many investors will not invest into a non-reporting company. I believe that when Q becomes transparent, the share price will reconnect and the marketplace will value Q appropriately.
Jennifer Excellent points ... and welcome back.
-------------------- Everything I say is only my opinion ... right or wrong.
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posted
frank didn't audit the company....legal auditors did the work. if the valuation of assets is being certified it could take some time. first you have to find someone qualified for the industry and they have to go look at NTI, QTN, LBS and whatever else is under the TMM umbrella and do a physical audit of all capital equipment, intellectual property, real estate, films, shows, etc. Investors want to know the real value of the company they have invested in. We've rode this pony into the ground but we're still sitting in the saddle. I keep having this gut feeling Frank is going to pleasantly suprise investors once he can release the audit. by all means.....if the case is Frank doesn't think the company is valued high enough after the original audit, he has the right to dispute it and hooray to him for standing up for what's right for us. i can only hope and pray that is what is going on.
dr silkworth
ltesprit New Member
Rate Member posted January 06, 2006 07:32 PM -------------------------------------------------------------------------------- Rich Brown said the audit is being delayed because they want to 'certify' the asset valuations. The likely, and unvarnished, truth: the total assets aren't near the $1 billion or $2 billion that Olsen said, but closer to around $100 million, which anybody with a calculator and some accounting and finance can figure out. Olsen's has bullsh-tted himself into a corner and now may be facing an SEC violation for misreprenting asset values to public investors. This audit is probably a hot potato.
This is what happens when you don't have a proper CFO in place and a CEO who thinks it's OK to bullsh-t investors.
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posted
I remain optimistic, sceptical these days but optimistic. Frank has brought this way to far to screw this up now.
if he wanted to make off with the shareholders money, he could have done it back when this was trading at .02, and made out like a bandit.
Frank obviously has to delay for something, as he maintains that the audit is good, hell even if the audit was bad and he released it and report that, the uncertainty would be gone and the market could access a market value. because we dont have this info, the market is guessing and would rather be low then high.
if and when this audit comes out and if it is half as good as Frank lays out, then the price will start to move towards a fair market value.
Right now with the info we have, .0001 or less it the proper value.
Frank has done a terrible job to the investors. He has one talent and that is to surround himself with the right people to get the job done. as soon as he gets over his eggo trip of being a CEO and realises that it is time for him to hand it over to a professional person, this company if going to skyrocket. Unfortunately i dont see him doing that till he sells the company. Which i still feel will be around the gay games.
He doesn't really care what the share count is as he will take half the pot, it dont matter. he will always have 53% of the shares and his price remains the same. we however will get spread thinner and thinner. I hope this scenario does not happen. I know for a fact that Frank told me personally that i will not regret owning and holding this stock, i wold like to think that he has not lied to me.
I choose to hope that a man could not be this evil as to lie this blantently.
I look at Jenn's post above, and i cant help but to think, Jenns points about where this company is at, the revenue that the recent acquisitions are generating have to be making a big dent in our burn rate.
the only thing that doesn't make any sense to me is why we are continuing to use firestone for our up link when we are now capable of doing this ourselves with the NTI equipment.
.0001 rattled me a bit today, but i still stand on my shares. I dont encourage anyone to buy anymore shares of this company till Frank shows his hand. he cant sell if we dont buy.
the MM will only hold so many in thier pockets before they get nervous.
I dont know how you would go about it but if you could stop the movement of shares, Frank would be forced to do something.
if he is still diluting that means he still needs money, if he still needs money then he is not break-even like he said we would be by the new year.
Frank has himself in a whole heap of trouble if things dont turn out to be the way he stated them. and that could be the reason for the delay, but i dont think so.
To many carriers have agreed to carry Q and they dont do it with out some sort of assurance that they are going to be around for the duration of thier carriage agreements. And i dont believe they are going to accept a signature on a letter head from Frank that he is going to be there.
they have lawyers looking into these deals and analyzing them to death, that is why it takes so long to get aired.
Im getting long winded, Im not suggesting anyone buy or sell or hold, you have to make this decision for yourself. I know im not going to sell, Frank is going to have to close shop for me to loose money on this one. I refuse to sell at this kind of loss by any choice of my own. I invested in this for the long term potential that i saw in the company. I still choose to believe that the potential is there, but it will require some restructuring of the upper management.
Please read my tag line!
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.
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quote:Originally posted by DIGDOUGH: You could be on to something. That has been my suspicion. I was once told that con artist are the most decieved of all. When he said that old film library with no rights to the music is worth a billion, something started stinking there. The one billion bull is just the top of the iceberg. I don't have much to lose by being blunt here. It's scary that this guy seems like one of the biggest BSers in the Biz. I don't know if thats what it takes to start a TV network.
I think B.S.'ing does have its place in starting a TV network. It takes a lot of promotion and hype to get a channel off the ground. Olsen's bombast is effective there and is why Q has launched. But this same quality is devastating in investor relations, and that's why I've been harping about Q getting a professional CFO and an independent board of directors in place, and to grant us voting rights. Olsen has been a disaster for shareholders. His only responsibility should be to promote the channel.
posted
Here in the new tax year, at .0001 Frank had the golden opportunity to execute a massive buyback that many predicted he would do...but did he? (wishful thinking)…And with low liquidity (.0001 - .0003), if no one is buying significant amounts of shares, it's bound to leave a major source of income insufficient or incapable of funding ongoing business operations.
If Frank were a wolf in sheep’s clothing, then wouldn't he have done a r/s by now? Or like Rod and others have said, sold out at .02?
And the lawsuit(s), it’s certainly a legal expenditure matter in itself, but regardless of the outcome, its maximum cost should only have a minimal financial bearing on us shareholders. Though funny enough, it will prove to be educational to Frank.
Frank probably thinks more about the upcoming yearly cost associated with Sarbanes-Oxley then these small lawsuits anyways.
….I’m just thinking out loud people that’s all.
I just like the fact that Q is a product in demand, its growth is phenomenal, assets are highly valuable, big carriers see potential, celebs want to appear, etc., etc.
And incidentally enough, Frank “not being” quite the professional CEO having plenty experience and ethical values, could be the very reason TMM is in its current state of business. At least I hope so.
I truly believe this guy is just f*cking “up”…not “us”, and in due time we will all prosper in this investment.
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posted
If Frank was telling the truth about having the audit done back in October, then proof is in the pudding in regards to lack of experience. An experienced CEO would not release an audit 1 month behind on this and 2 months behind on that.jmo
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Well if QBID is worth 100 Million and we have 100 Billion shares out there that explains the .0001 value.![[Roll Eyes]](rolleyes.gif)
