Although in the past I've "criticized" posters who whine and moan about Q's current situation, I offer this short story as an apology:
A woman reported that her telephone usually failed to ring, and when it did ring, her dog always moaned right before it happened.
A telephone repairman climbed a nearby pole, hooked in his test set and dialed the woman's phone. The phone didn't ring right away, but suddenly the dog started to moan and a few seconds later, the telephone rang.
After climbing down from the pole, the repairman found that:
1. the dog was tied to the telephone system's ground wire via a steel chain and collar.
2. the wire connection to the ground rod was loose.
3. the dog was receiving 90 volts of signaling current when the phone number was called.
4. after a couple of 90-volt jolts, the dog would start moaning and then urinate on the ground.
5. the wet ground completed the circuit, thus causing the phone to ring.
This demonstrates that some problems CAN BE FIXED by pizzing and moaning.
So, if you feel like pizzing, moaning, whining or whatever, go right ahead. It can't hurt and just may solve our problem.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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quote:Originally posted by Bottomliner: Gotta share this with everyone.
Although in the past I've "criticized" posters who whine and moan about Q's current situation, I offer this short story as an apology:
A woman reported that her telephone usually failed to ring, and when it did ring, her dog always moaned right before it happened.
A telephone repairman climbed a nearby pole, hooked in his test set and dialed the woman's phone. The phone didn't ring right away, but suddenly the dog started to moan and a few seconds later, the telephone rang.
After climbing down from the pole, the repairman found that:
1. the dog was tied to the telephone system's ground wire via a steel chain and collar.
2. the wire connection to the ground rod was loose.
3. the dog was receiving 90 volts of signaling current when the phone number was called.
4. after a couple of 90-volt jolts, the dog would start moaning and then urinate on the ground.
5. the wet ground completed the circuit, thus causing the phone to ring.
This demonstrates that some problems CAN BE FIXED by pizzing and moaning.
So, if you feel like pizzing, moaning, whining or whatever, go right ahead. It can't hurt and just may solve our problem.
-------------------- Remember two things: You love New York City and leave only your footprints. Posts: 1526 | From: Chatham, NJ... and NC-- Wake Forest University | Registered: Jul 2005
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quote:Originally posted by Dew-it: Where the hell is the audit Frankie boy!?
Is that the world's ugliest dog, that happened to have just died recently?
Yep.
Yeah, I think I saw that on the OffTopics last night...
-------------------- Remember two things: You love New York City and leave only your footprints. Posts: 1526 | From: Chatham, NJ... and NC-- Wake Forest University | Registered: Jul 2005
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posted
Here’s a thought: What if during their meeting in Las Vegas on Tuesday, November 1, 2005 to “implement a financial structure to further develop the company,” they decided that they needed to hold off on releasing the audit because they realized that as long as the (now mature) restricted shares are flooding the market every time a PR is released the PPS will not increase no mater what. So considering that their debt is “roughly 30% less than expected,” they decided to borrow some money and buy back some shares while the PPS is low, all the time realizing that if they don’t release the audit people may start loosing faith and selling their shares, helping to facilitate their buy-back.
The result of the above could be that every time folks decide to sell, the PPS is held up by TMM buying back shares and every time a PR comes out and people buy, more of the restricted stares are dumped, keeping the PPS down.
So we’re stuck at .0004 and .0005 until all the restricted shares are sold. When all the restricted shares have been sold, TMM can release the audit and a PR telling us how many shares they have bought back and maybe even how many they plan to retire.
Then we all have a very merry Christmas!
Note: This is just wild speculation on my part that made me smile when I thought it up. Please don’t make any decisions based what I have said or blast me for being “overly optimistic”. Do your own research and make your decisions based on what you find and your own financial situation.
-------------------- Sam Posts: 291 | From: San Diego, CA | Registered: Sep 2005
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Rule 16a-9 -- Stock Splits, Stock Dividends, and Pro Rata Rights
The following shall be exempt from section 16 of the Act:
(a) The increase or decrease in the number of securities held as a result of a stock split or stock dividend applying equally to all securities of a class, including a stock dividend in which equity securities of a different issuer are distributed; and
(b) The acquisition of rights, such as shareholder or pre-emptive rights, pursuant to a pro rata grant to all holders of the same class of equity securities registered under section 12 of the Act.
Note: The exercise or sale of a pro rata right shall be reported pursuant to Rule 16a-4 and the exercise shall be eligible for exemption from section 16(b) of the Act pursuant to Rule 16b-6(b).
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
Yep that was one scary dog. Was blind also. Died recently at about 15-17 years old. Saw it on TV, felt sorry for it. Since it was blind someone had picked at the dog so much it was just about snapping at anything. So sad.
How about this scenero: I'm holding 20 billion shares of Q. The tax year is coming to an end. I need a tax break. I find a broker who agrees to run my shares through the market, selling it with the left hand and buying it with the right hand at .0001 loss per share, $100,000. loss per 1 billion shares. That is if I'm buying * .0005 and selling * .0004 to myself. ...the money is reinvested because I just bought the shares right back.
Posts: 229 | Registered: Nov 2005
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quote:Originally posted by Ad astra: ... Ugh. Well, as Lloyd Bridges so correctly noted: "Looks like I picked a bad week to quit sniffing glue..." Im outta here. This is just driving me nuts--I feel like a chimp hitting the refresh button on etrade hoping for a new banana...or a tick north. Good day to you all.
Ad I feel the same way ... but I'm addicted and have to stay. But suppose we all did hibernate for six months and did not receive one bit of Q news during that time, what PPS would we find when we came back? Possible answers range from:
1) No significant action, no significant change. 2) Significant action, no significant change (went up and down significantly but ended the same) 3) Significant action, significant change up 4) Significant action, significant change down
I've listed some things below that may help determine our individual action plans. Ask yourself what you think the PPS will do over the next six months. If you think it will ...
1) remain static, hold for the longterm or get out and find a better mover until Q becomes a mover again. 2) bounce a lot and return to today's level, hold for the longterm or trade often for shortterm profits. 3) bounce a lot and end higher, hold for the longterm or trade often for shortterm profits ... but get back in on significant dips. 4) bounce a lot and end lower, hold for the longterm or trade often for shortterm profits ... and stay out before it dips.
I know I haven't told anyone anything they don't already know, but sometimes seeing something in print gives me a clearer view of my own thoughts. Just my opinion, everyone. Ignore me if you choose. Won't bother me a bit.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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quote:Originally posted by Sam1959: Here’s a thought: ... This is just wild speculation on my part that made me smile when I thought it up. Please don’t make any decisions based what I have said or blast me for being “overly optimistic”.
Sam Great post ... wild speculation or not. And I won't blast you for being "overly optimistic". In fact, I am elevating you to my current status ... "obnoxiously positive".
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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posted
NextWeek...I believe you have to wait 30 days to buy back the securities if you want to write-off the loss...which means you would have to sell today or tomorrow.
I'm not an accountant or tax attorney...don't even play one on TV...so do some diggin' to verify this.
quote:Originally posted by RNINALVNG: NextWeek...I believe you have to wait 30 days to buy back the securities if you want to write-off the loss...which means you would have to sell today or tomorrow. I'm not an accountant or tax attorney...don't even play one on TV...so do some diggin' to verify this.
RNINALVNG I also am not an accountant or tax attorney ... but I agree with your answer. He should check the definition and rules about "washsale trades".
He also made one comment that I don't understand: he pointed out that by immediately buying back, the money was "re-invested", which makes me wonder if he is talking about a tax-deferred account. If so, gains or losses in that account are not reportable and therefore not deductible anyway.
But like you, I only know what I think I know. Everyone should consult with a good tax person before making a move for tax reasons. Every year, the IRS sends me a polite note recommending that I buy a calculator that works.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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posted
Someone is getting lots of action at 0.0004
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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quote:Originally posted by RNINALVNG: NextWeek...I believe you have to wait 30 days to buy back the securities if you want to write-off the loss...which means you would have to sell today or tomorrow.
I'm not an accountant or tax attorney...don't even play one on TV...so do some diggin' to verify this.
Maybe I don't know but I was not posting in showing what "I" was doing but as an possible answer to why we see so many 9,000,000 share trades * .0004 and .0005. I wonder one could sell to ones own interest such as a not to close family member OR personal fund such as SELF'S INVESTMENTS ENTERPRISES LTD? ********************************************** What to Do With Worthless Stock Wednesday June 8, 10:03 am ET By Motley Fool Staff
You bought a stock at $1.00 per share. It dropped to a few cents and then went off the board altogether. How can you get rid of it now, so that you can claim it on your tax return as a loss?
If the company was liquidated, you should receive a 1099-DIV form at year-end showing a liquidating distribution. Treat this as if you sold the stock for the amount of the distribution. The date of "sale" is the date that the distribution took place. Using your original cost basis in the shares, you can now compute your loss.
If the company hasn't actually been liquidated, you'll need to make sure it's totally worthless before claiming a loss. If you have worthless stock that's difficult or not worth it to sell through your broker, you can sell it to a friend (or cousin, aunt or uncle) for pennies. (But not to a spouse, siblings, parents, grandparents, or lineal descendants.) Here's one way to do it:
1. Get the actual stock certificates from your broker.
2. Formally sell the shares to the purchaser, with a check for payment and a bill of sale.
3. Sign over the stock certificate (on its back) to the purchaser. Have the signatures verified by your banker and/or a local stockbroker.
4. Send the certificate to the stock transfer agent. Explain that the shares have been sold, and ask them to cancel the old shares and issue a new certificate to the new owner.
Some brokerages will offer you a quicker alternative, buying all your shares of the stock for a penny. They do it to help out their customers and because, over time, some of the shares may actually be worth more than the penny they paid for them.
By selling the shares, you have a closed transaction with the stock and can declare a tax loss. Your friend, relative, or broker, for a pittance, has just bought a place mat or birdcage liner.
Posts: 229 | Registered: Nov 2005
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posted
Should have read: Maybe, I don't know "either" but I was not posting in showing what "I" was doing but as an possible answer to why we see so many 9,000,000 share trades * .0004 and .0005.
Posts: 229 | Registered: Nov 2005
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quote:Originally posted by Ad astra: Allright, can't stay away all that much...its like one of those freak accidents on the highway.
Doc--could you elaborate a bit: "Someone is getting lots of action at 0.0004"
Selling, buying?
Maybe some could post trades
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
UGH. All those 9M's are beginning to remind me of the Crazy 88 clan from KillBill. :-O
Posts: 333 | From: Washington, DC | Registered: Nov 2005
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quote:Originally posted by Ad astra: Reverse Splits do work sometimes...if you have a good product. MicroStrategy comes to mind...and most recently the announcement by JDSU.
And an r/s will work for QBID if done correctly and the timing is right(when financials are solid and the company is much further along and ready to be listed on an exchange), because, you hit the nail on the head, Q has a good product. The stigma of an r/s should not apply to Q under these circumstances, imo. An r/s has a bad rep because most companies that do it, do so in order to raise the pps to keep from being delisted,i.e., the company already has problems.
-------------------- "Life is a comedy for those who think and a tragedy for those who feel." - Horace Walpole Posts: 117 | From: Appalachia | Registered: Oct 2005
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quote:Originally posted by Sam1959: Here’s a thought: What if during their meeting in Las Vegas on Tuesday, November 1, 2005 to “implement a financial structure to further develop the company,” they decided that they needed to hold off on releasing the audit because they realized that as long as the (now mature) restricted shares are flooding the market every time a PR is released the PPS will not increase no mater what. So considering that their debt is “roughly 30% less than expected,” they decided to borrow some money and buy back some shares while the PPS is low, all the time realizing that if they don’t release the audit people may start loosing faith and selling their shares, helping to facilitate their buy-back.
The result of the above could be that every time folks decide to sell, the PPS is held up by TMM buying back shares and every time a PR comes out and people buy, more of the restricted stares are dumped, keeping the PPS down.
So we’re stuck at .0004 and .0005 until all the restricted shares are sold. When all the restricted shares have been sold, TMM can release the audit and a PR telling us how many shares they have bought back and maybe even how many they plan to retire.
Then we all have a very merry Christmas!
Note: This is just wild speculation on my part that made me smile when I thought it up. Please don’t make any decisions based what I have said or blast me for being “overly optimistic”. Do your own research and make your decisions based on what you find and your own financial situation.
I guess I was a lot like many others and hoping that this was indeed what is happening, BUT, as MillerTime noted, why would he raise the a/s if he was buying back?
-------------------- "Life is a comedy for those who think and a tragedy for those who feel." - Horace Walpole Posts: 117 | From: Appalachia | Registered: Oct 2005
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quote:Originally posted by Penny-Trader: Marty can you give us one example of a company that r/s the stock but not the restricted.
i have never heard of this happening and cant even imagine how this would be a legal practice.
but if you can show me a company that has done this in the past, I would like to do some research on how this is possible.
thanks in advance.
rod
quote:Originally posted by Marty: I said this back here: http://tinyurl.com/cf5vm and now I'm gunna' say it again, Why? Because it's STILL potentially there. And as for the CC card analogy, it's like comparing apples to oranges....not only do they look different, they taste different too. JMHO, GLTA:
44 billion shares was this [Frown] 60 billion shares? a friggin' problem. escpecially when the CEO stated they were "buying back shares" and said he was not dilluting.....and then said if he needed to buy Mary Hartman rights, he would bring it to investors to vote....private placement investors announced will carry the company financially through 2008 (I think this was the year stated). Lies and a friggin' scam.....looks like an R/S is waiting down the road, so Frank and his family can reap the rewards of R/S 'ing the O/S, while not touching the restricted.....just my opinion....and this is NOT a daytraders dream as someone pointed out....only MM's and restricted shareholders will make out on this....unless a miracle happens...."Just my honest opinion. Take it or leave it." GLTA....
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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quote:Originally posted by stockforfun: still .0005
wake up baby ! Why do you sleep all the time ?
Marry me?
-------------------- Remember two things: You love New York City and leave only your footprints. Posts: 1526 | From: Chatham, NJ... and NC-- Wake Forest University | Registered: Jul 2005
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quote:Originally posted by Marva18: What do you guys think? The only thing that may save us is that Frank would not want to scam his GLBT investors. Unlike other scam artists CEOs who dilute and use toxic financing, when QBID was around .0050 earlier this year and then did a mass marketing campaign in gay rags, they listed that they are a public company and under the QBID symbol. So obviously they were encouraging GLBT future investors and I'm sure they are pissed after reading a few who post here. If he wants future subscribers to QTN then he shouldn't piss off the investor/subscriber.
Marva I think you have made an excellent point.
Although not all shareholders are potential customers (and vice versa), Frank has to understand (and probably does) that anything he does that negatively affects his shareholders might also affect his ability to enroll suscribers. I'm sure we've all "boycotted" a vendor we believed was unfair, even when that vendor offered the best products or the best prices. If shareholders feel cheated or betrayed or abandoned or whatever by Frank, they are very unlikely to buy his product. If tapping the GLBT $60 billion market is a good thing, losing a large portion of that market HAS TO BE A BAD THING. And I believe Frank understands that.
Now, if he would just confirm that to us by doing something really nice for his shareholders, many of whom are either GLBT or sympathetic to that group, we could end up with a very green Christmas (or the holiday of your choice).
Just trying to stay positive, everyone. And I applaud others who are doing the same.
BL... I hope you meant 600 BILLION
-------------------- Remember two things: You love New York City and leave only your footprints. Posts: 1526 | From: Chatham, NJ... and NC-- Wake Forest University | Registered: Jul 2005
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posted
-------------------------------------------------------------------------------- Marty can you give us one example of a company that r/s the stock but not the restricted.
Not Sure but I think The Miricle Entertainment Group MEMI did a couple of years ago after their 1000 to 1 r/s
Posts: 39 | From: washington | Registered: Oct 2005
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quote:Originally posted by mjm2005: BL... I hope you meant 600 BILLION
mjm Is that what it is ... oops, my bad. Even 60 billion seems like a lot to me ... but I like your 600 billion better.
I thought...I might be wrong... but back in the day, someone kept on posting "With the buying power of the GLBT community approaching 540 billion this year, yada yada yada"...
-------------------- Remember two things: You love New York City and leave only your footprints. Posts: 1526 | From: Chatham, NJ... and NC-- Wake Forest University | Registered: Jul 2005
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Posted by: ltesprit In reply to: seren who wrote msg# 191664 Date:11/30/2005 3:35:50 PM Post #of 191784
I did call Frank back at the number he left me in his message, supposedly an office phone in the Burbank studios, but I got an 'the number you dialed is incorrect' message. Not very comforting. But he may have just mistransposed the number.
However, I also wrote down the caller ID number he called me from and it turned out to be a hotel in California where he apparently stays regularly, presumably near the studios. And the receptionist today said they have three rooms reserved under his name. All the lines were busy, however, so I left a message identifying myself, reminding him of our previous correspondence a few weeks back, and requesting that he call me back.
I will keep calling him at his hotel until I get through to someone.
Just so everyone knows, three weeks ago I e-mailed Olsen with my concerns that he had misled investors with his previous sharecount and funding announcements and that I was considering legal action. The message he left on my phone was that he was not trying to mislead anyone and that he was looking forward to talking to me. I heard someone else in the room with him; I'm assuming that was Rene Schenk.
I have written down some main points which I will be discussing with him: poor corporate governance (including inconsistent investor relations, misleading sharecount announcements, continuous dilution, non-existent reporting and missed deadlines, no corporate oversight, etc.) and the resulting relentless destruction of shareholder value (ie, the shareprice collapse). I will NOT waste his time or mine asking him 'when he thinks the shareprice will recover to X' or 'who is dumping shares' etc.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
Oops, just noticed this was a repost from an i-hub poster. Well, my concerns still stand.
Will you be willing to ask him what the terms are on his preferred shares? I'd be really interested to know:
1) How many perferred shares there are. 2) If they are convertable, and at what rate. 3) If they carry voting rights, and at what level (i.e., how many votes per share). 4) If they have gurenteed dividends. And if so are they cumulative. And if so how much is owed currently. (I'm trying to determine that if QTN sells and TMM gets heaps of money will it all be gone paying back dividends on the preferred before us common shareholders see any of it). 5) Any other "rights" they may carry.
Thanks
quote:Originally posted by Doctoall: From Ihub:
Posted by: ltesprit In reply to: seren who wrote msg# 191664 Date:11/30/2005 3:35:50 PM Post #of 191784
I did call Frank back at the number he left me in his message, supposedly an office phone in the Burbank studios, but I got an 'the number you dialed is incorrect' message. Not very comforting. But he may have just mistransposed the number.
However, I also wrote down the caller ID number he called me from and it turned out to be a hotel in California where he apparently stays regularly, presumably near the studios. And the receptionist today said they have three rooms reserved under his name. All the lines were busy, however, so I left a message identifying myself, reminding him of our previous correspondence a few weeks back, and requesting that he call me back.
I will keep calling him at his hotel until I get through to someone.
Just so everyone knows, three weeks ago I e-mailed Olsen with my concerns that he had misled investors with his previous sharecount and funding announcements and that I was considering legal action. The message he left on my phone was that he was not trying to mislead anyone and that he was looking forward to talking to me. I heard someone else in the room with him; I'm assuming that was Rene Schenk.
I have written down some main points which I will be discussing with him: poor corporate governance (including inconsistent investor relations, misleading sharecount announcements, continuous dilution, non-existent reporting and missed deadlines, no corporate oversight, etc.) and the resulting relentless destruction of shareholder value (ie, the shareprice collapse). I will NOT waste his time or mine asking him 'when he thinks the shareprice will recover to X' or 'who is dumping shares' etc.
-------------------- 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 Posts: 752 | From: Springville, Utah | Registered: Jan 2004
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