posted
I wonder if Frank is kinda like Castro. You know, piss off your peeps but take a few bozo's to the island to wine and dine them and put them in your only nice hotel so that they come back and say the place is fine and dandy. Meanwhile, your dumpster heap keeps pilin' up.
-------------------- 9.0M QBID locked and loaded! Posts: 605 | Registered: May 2005
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quote:Originally posted by kaos: hey everyone. ok lets put this in perspective ... first jennifer told us the audit would be yesterday or the latest today ... then davidjanas said he was meeting with frank yesterday for 5 mins in the afternoon ... no one has seen or heard from them since ... hummmm ... could it be ... yes it must be ... the have been abducted by aliens ... frank and the whole qbid company are aliens and they have been taking our money to buy new dvds of baywatch to bring back to the planet qbid ... the truth is out there ....
kaos Good job ... first theory I've read that makes sense. And that would make Q an Intergalactic network. Go Q.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
| IP: Logged |
quote:Originally posted by Maestro232: Can someone post the letter from IHUB
Posted by: lobogotti In reply to: None Date:12/1/2005 4:36:25 PM Post #of 192631
ATTENTION TO ALL INTERESTED INVESTORS….
Okay, this is what I need all those whom are interested to do. Kindly email the four addresses below this with a copy of the letter provided below….starting with the line ”To whom it may concern,…………..”. Please read it in its entirety and only send if you agree with it. I know there are a lot of opinions, but this is what many people have put together to speak for those who agree. Credit seren, HowsMusic4U, junkmasterg and for the feedback and structure, also some folks who would like to remain anonymous. Again only send this letter if you agree with what it says, the more the better.
To whom it may concern, but primarily Frank Olsen;
As you should already be aware, the shareholder morale is yet at another all time low due to a high degree of uncertainty regarding many issues related to Triangle Multimedia. There are many troubling things we have been left to ponder with since the last conference call.
First of all, when you spoke to a concerned shareholder during the conference call, you mentioned that there would be a "crisis summit" meeting regarding the price per share. You also said that if it took the company buying back "restricted" shares, then that is what the company would do. It has been well over a month since you made that statement. What was the result of the meeting? What is your planned strategy? Are you contemplating buying back shares at any point in time?
Secondly, it has been reported that on approximately November 7, 2005, the amount of authorized shares have been increased yet again, another 10 billion to a new total of 60 billion. This is extremely troubling for your shareholders, especially since we have not yet seen a certified audit. We feel it is only a matter of time before those shares hit the market. Many of us believe you are shielded from these dilution effects since for every one share that is issued and hits the market, approximately one share is issued to you; thereby maintaining your 53% holdings while eroding ours. There seems to be no control in place at the moment for preventing the authorized shares from increasing, along with the precious float. This may not be factual and is just a majority opinion by many, but it does need to be addressed.
What is the current status of the audit? As you already know, this has been a long time coming. As far as we know, it may have never been started. What is the reason for the delay? At this point in the game it is better to be up front and let us make an informed decision. Are you not aiming to be a transparent company? The strongest reasons as to why the price per share has reached these levels (currently .0003 x .0004) are below.
1. DILUTION. Up until roughly March of 2005 we were led to believe as per the Investor Relations page on the website that the outstanding share count was about 9.5 billion shares plus another 5 billion restricted as per the October 2004 conference call. Today as it stands it would appear that there are 44 billion outstanding and unfortunately going upwards.
2. LACK OF FINANCIAL TRANSPARENCY. The company can not expect to maintain any reasonable price per share as long as the market has no idea what the company is worth. A company cannot be valued at a certain price based on what the CEO says, what is on a company DVD or what is posted on a company website. It has to be based on an independent audit that is properly filed with related governing bodies for the world to see and be able to accept as genuine. Further it does appear that there should be some sort of corporate governing body put in place.
3. COMPANY FOLLOW UPS. A prime example of this would be regarding the crisis summit meeting. We were told or led to believe during the conference call that a status/result of the crisis summit meeting would be communicated to us. To this date nothing has been mentioned. This continuing lack of follow through and communication directly affects shareholder sentiment in an overwhelmingly negative fashion, and contributes to the declining share price daily. That fact was acknowledged and addressed by the CEO in a shareholder letter on the website on 9/15 with proposed steps that have yet to be implemented.
Is the company truly taking steps to get off the pink sheets? What concrete steps have been taken to do so? A specific and detailed course of action would be appreciated.
We are just extremely concerned. Many of us have left, accepted the losses and moved on; however, for some, losses are not easy to accept. Several of us have bought shares back when QBID was worth around the .01-.025 range spending $30-60 thousand dollars. These people have watched their initial investments erode to a few thousand dollars at best due to the reasons stated above. There are many that just want to recover their initial investments and leave. There are also many that want this company to succeed, including the ones that collaborated and sent you this email. No one is denying the tremendous growth of the network over the past year; however this growth has not translated to the price per share. As loyal investors, we feel entitled to solid answers with supporting data to our questions. We shall not be so easily dismissed nor disrespected. However, it is with respect that we continue to press for substantive communication from management.
Please respond to all and not some of the questions that we have posed. Please also provide us with specific and detailed answers. We are looking to feel more informed and confident about our investment. We are requesting the answers to be detailed and concise so that we don't have to ask more questions again after the fact. What we are aiming for is financial company transparency and to move to an upgraded exchange.
Statements suggesting selling and moving on are unacceptable and insulting. Too many of us have invested thousands of dollars based on PR's that in retrospect appear deceptive and misleading. Frankly, a comment like that is a slap in the face to your loyal investors. We are patiently watching our money disappear, please understand this and get back to us with something honest. We are supporting you sir, but it is becoming more difficult daily. The shareholder's ability to tolerate the silence has reached its limit.
We appreciate the time it takes to read and respond properly to this letter, we also will be looking forward to your updating us within a reasonable amount of time.
From the people who help support this wonderful network and your dream.
Sincerely,
Your QBID Shareholders
Posts: 50 | From: oklahoma | Registered: Jan 2005
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quote:Originally posted by Dustoff101: Qbid'n, you on PST? just wondered cause it's getting late even here for me..11PM
'preciate your response, and good luck..
side note: things sure have improved with the thread, if not the pps, since we stopped all the damn fighting, eh?
Actually I'm on EST. And yes, the postings are getting to be a bit more civilized. I give Bob, Rod and Buckwheat credit for this. Lately they have made strides in their efforts to return this board back to normal.
We do have two posters though that are on the edge of being removed. And if they continue with their idiocy and sarcasm, their "freedom of speech" argument won't help. Cut and dry.
It's time they realize we prefer to read sound opinions and informative information or just engage in conversation about the development of Q/TMM.
I understand not everyone wants to be serious when posting on forums, some would rather share related humor, and that’s great, but I can't understand why people come here to purposely aggravate others. It clearly proves their agenda. An agenda that Bob will no longer tolerate.
Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
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quote:Originally posted by Dustoff101: Qbid'n, you on PST? just wondered cause it's getting late even here for me..11PM
'preciate your response, and good luck..
side note: things sure have improved with the thread, if not the pps, since we stopped all the damn fighting, eh?
Actually I'm on EST. And yes, the postings are getting to be a bit more civilized. I give Bob, Rod and Buckwheat credit for this. Lately they have made strides in their efforts to return this board back to normal.
We do have two posters though that are on the edge of being removed. And if they continue with their idiocy and sarcasm, their "freedom of speech" argument won't help. Cut and dry.
It's time they realize we prefer to read sound opinions and informative information or just engage in conversation about the development of Q/TMM.
I understand not everyone wants to be serious when posting on forums, some would rather share related humor, and that’s great, but I can't understand why people come here to purposely aggravate others. It clearly proves their agenda. An agenda that Bob will no longer tolerate.
amen
-------------------- 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
Just to let everyone know...I happened to see the audit...I was snooping around...here's what I found--
1. Q Television showed its total asset base 2. Q Television showed its debt *** roughly 30% less than expected 3. I saw specific asset percentages, breakdowns and splits of Q Television Network and /or its parent, Triangle Multi Media
-------------------- 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
| IP: Logged |
quote:Originally posted by mjm2005: Just to let everyone know...I happened to see the audit...I was snooping around...here's what I found--
1. Q Television showed its total asset base 2. Q Television showed its debt *** roughly 30% less than expected 3. I saw specific asset percentages, breakdowns and splits of Q Television Network and /or its parent, Triangle Multi Media
Still waiting for the punch line...
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
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posted
I just sent that letter. As Maestro pointed out it was well thought and written. thanks. I hope Frank responds to that letter with some honest answers.
quote:Originally posted by mjm2005: Just to let everyone know...I happened to see the audit...I was snooping around...here's what I found--
1. Q Television showed its total asset base 2. Q Television showed its debt *** roughly 30% less than expected 3. I saw specific asset percentages, breakdowns and splits of Q Television Network and /or its parent, Triangle Multi Media
Still waiting for the punch line...
Im sorry...so shoot me for being bored...I was kidding about seeing the audit...
At least I don't post "SSDD" everyday...
-------------------- 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
| IP: Logged |
quote:Originally posted by mjm2005: Just to let everyone know...I happened to see the audit...I was snooping around...here's what I found--
1. Q Television showed its total asset base 2. Q Television showed its debt *** roughly 30% less than expected 3. I saw specific asset percentages, breakdowns and splits of Q Television Network and /or its parent, Triangle Multi Media
Still waiting for the punch line...
Im sorry...so shoot me for being bored...I was kidding about seeing the audit...
At least I don't post "SSDD" everyday... :D
LOLMJM, boredom is a killer!
Posts: 1235 | From: Anacortes, WA | Registered: Apr 2005
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posted
Any response from Frank would have to be press released, IMHO. Otherwise it would be insider violations.
So, if anyone met with him he could not devulge anything more than maybe a promise of a soon to be released press release.
Posts: 229 | Registered: Nov 2005
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posted
I just sent an email to all four addresses as well. Please everyone do so.
At this point Frank should realize that a lot of shareholders are not happy. We have proof that he lied to us several times either in PR's or CC's. He should be really scared of SEC.
quote:Originally posted by holmes:
quote:Originally posted by Maestro232: Can someone post the letter from IHUB
Posted by: lobogotti In reply to: None Date:12/1/2005 4:36:25 PM Post #of 192631
ATTENTION TO ALL INTERESTED INVESTORS….
Okay, this is what I need all those whom are interested to do. Kindly email the four addresses below this with a copy of the letter provided below….starting with the line ”To whom it may concern,…………..”. Please read it in its entirety and only send if you agree with it. I know there are a lot of opinions, but this is what many people have put together to speak for those who agree. Credit seren, HowsMusic4U, junkmasterg and for the feedback and structure, also some folks who would like to remain anonymous. Again only send this letter if you agree with what it says, the more the better.
To whom it may concern, but primarily Frank Olsen;
As you should already be aware, the shareholder morale is yet at another all time low due to a high degree of uncertainty regarding many issues related to Triangle Multimedia. There are many troubling things we have been left to ponder with since the last conference call.
First of all, when you spoke to a concerned shareholder during the conference call, you mentioned that there would be a "crisis summit" meeting regarding the price per share. You also said that if it took the company buying back "restricted" shares, then that is what the company would do. It has been well over a month since you made that statement. What was the result of the meeting? What is your planned strategy? Are you contemplating buying back shares at any point in time?
Secondly, it has been reported that on approximately November 7, 2005, the amount of authorized shares have been increased yet again, another 10 billion to a new total of 60 billion. This is extremely troubling for your shareholders, especially since we have not yet seen a certified audit. We feel it is only a matter of time before those shares hit the market. Many of us believe you are shielded from these dilution effects since for every one share that is issued and hits the market, approximately one share is issued to you; thereby maintaining your 53% holdings while eroding ours. There seems to be no control in place at the moment for preventing the authorized shares from increasing, along with the precious float. This may not be factual and is just a majority opinion by many, but it does need to be addressed.
What is the current status of the audit? As you already know, this has been a long time coming. As far as we know, it may have never been started. What is the reason for the delay? At this point in the game it is better to be up front and let us make an informed decision. Are you not aiming to be a transparent company? The strongest reasons as to why the price per share has reached these levels (currently .0003 x .0004) are below.
1. DILUTION. Up until roughly March of 2005 we were led to believe as per the Investor Relations page on the website that the outstanding share count was about 9.5 billion shares plus another 5 billion restricted as per the October 2004 conference call. Today as it stands it would appear that there are 44 billion outstanding and unfortunately going upwards.
2. LACK OF FINANCIAL TRANSPARENCY. The company can not expect to maintain any reasonable price per share as long as the market has no idea what the company is worth. A company cannot be valued at a certain price based on what the CEO says, what is on a company DVD or what is posted on a company website. It has to be based on an independent audit that is properly filed with related governing bodies for the world to see and be able to accept as genuine. Further it does appear that there should be some sort of corporate governing body put in place.
3. COMPANY FOLLOW UPS. A prime example of this would be regarding the crisis summit meeting. We were told or led to believe during the conference call that a status/result of the crisis summit meeting would be communicated to us. To this date nothing has been mentioned. This continuing lack of follow through and communication directly affects shareholder sentiment in an overwhelmingly negative fashion, and contributes to the declining share price daily. That fact was acknowledged and addressed by the CEO in a shareholder letter on the website on 9/15 with proposed steps that have yet to be implemented.
Is the company truly taking steps to get off the pink sheets? What concrete steps have been taken to do so? A specific and detailed course of action would be appreciated.
We are just extremely concerned. Many of us have left, accepted the losses and moved on; however, for some, losses are not easy to accept. Several of us have bought shares back when QBID was worth around the .01-.025 range spending $30-60 thousand dollars. These people have watched their initial investments erode to a few thousand dollars at best due to the reasons stated above. There are many that just want to recover their initial investments and leave. There are also many that want this company to succeed, including the ones that collaborated and sent you this email. No one is denying the tremendous growth of the network over the past year; however this growth has not translated to the price per share. As loyal investors, we feel entitled to solid answers with supporting data to our questions. We shall not be so easily dismissed nor disrespected. However, it is with respect that we continue to press for substantive communication from management.
Please respond to all and not some of the questions that we have posed. Please also provide us with specific and detailed answers. We are looking to feel more informed and confident about our investment. We are requesting the answers to be detailed and concise so that we don't have to ask more questions again after the fact. What we are aiming for is financial company transparency and to move to an upgraded exchange.
Statements suggesting selling and moving on are unacceptable and insulting. Too many of us have invested thousands of dollars based on PR's that in retrospect appear deceptive and misleading. Frankly, a comment like that is a slap in the face to your loyal investors. We are patiently watching our money disappear, please understand this and get back to us with something honest. We are supporting you sir, but it is becoming more difficult daily. The shareholder's ability to tolerate the silence has reached its limit.
We appreciate the time it takes to read and respond properly to this letter, we also will be looking forward to your updating us within a reasonable amount of time.
From the people who help support this wonderful network and your dream.
quote:Originally posted by a4realguy: There is no reason why it should take over 4 weeks to certify an audit. And more over, there certainly isn't any reason/excuse as to why we are not getting ANY information from management as to the status of the certification process. There must have been a problem... we can speculate what it was/is... but it's obvious that something has gone "not according to plan".
You know Q is a new company so you must continue to have patience with the start-up process. Raising money, hiring a knowlegable team and implementing good strategies to beat Logo and Here! has obviously consumed Frank.
As a shareholder, wouldn't you expect anything less from Frank? We should all be thankful for him. Not only for the current development of Q being nothing less than impressive, but as a start-up CEO genuinely concerned and focused on Q's success.
Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
| IP: Logged |
quote:Originally posted by stockforfun: don't listen to anyone. You will not make any money on QBID. It drop from .0006 to .0003
It will drop to .0001 very soon.
Good luck to all of you.
Well then, when it drops to .0001 then I will buy 30 million to average down. Then if it AIN'T DONE SUMPIN' by 2007 or 2008 I will sell and take the TAX LOSS break.
Posts: 229 | Registered: Nov 2005
| IP: Logged |
posted
As a shareholder, wouldn't you expect anything less from Frank? We should all be thankful for him. Not only for the current development of Q being nothing less than impressive, but as a start-up CEO genuinely concerned and focused on Q's success. ---------------- ROFLMAO.
Posts: 333 | From: Washington, DC | Registered: Nov 2005
| IP: Logged |
No offense...but thankful to Frankie boy for what? For taking our money and letting the PPS tank? There is no denying that QTN is growing, but what about the QBID share value? In all actually, it is Frankie boy that should be thankful to us. After all it is the shareholders that are contributing the money for Frankie boy's dream. What has he done for us lately?
quote:Originally posted by QBID'n:
quote:Originally posted by a4realguy: There is no reason why it should take over 4 weeks to certify an audit. And more over, there certainly isn't any reason/excuse as to why we are not getting ANY information from management as to the status of the certification process. There must have been a problem... we can speculate what it was/is... but it's obvious that something has gone "not according to plan".
You know Q is a new company so you must continue to have patience with the start-up process. Raising money, hiring a knowlegable team and implementing good strategies to beat Logo and Here! has obviously consumed Frank.
As a shareholder, wouldn't you expect anything less from Frank? We should all be thankful for him. Not only for the current development of Q being nothing less than impressive, but as a start-up CEO genuinely concerned and focused on Q's success.
quote:Originally posted by mjm2005: Just to let everyone know...I happened to see the audit...I was snooping around...here's what I found--
1. Q Television showed its total asset base 2. Q Television showed its debt *** roughly 30% less than expected 3. I saw specific asset percentages, breakdowns and splits of Q Television Network and /or its parent, Triangle Multi Media
Still waiting for the punch line...
Im sorry...so shoot me for being bored...I was kidding about seeing the audit...
At least I don't post "SSDD" everyday...
You're right, today we are at .0003... finally a change... for the worse... so no SSDD... today
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
| IP: Logged |
posted
People who have been here since early 2004 and longer have more of a problem thanking frank for his business plan, since we seem to be the ones that have been victimized by it. Its partly my own fault. How much I risk, but the games being played on us with the PRs and the BSs are a bit much.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
Stockforfun hit and run. Thought you were going to show me the big gun. I guess thats done.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
| IP: Logged |
quote:Originally posted by DIGDOUGH: People who have been here since early 2004 and longer have more of a problem thanking frank for his business plan, since we seem to be the ones that have been victimized by it. Its partly my own fault. How much I risk, but the games being played on us with the PRs and the BSs are a bit much.
anyone who's been following the stock since 2004 should be use to Franks business practices. I see this as nothing out of the ordinary.
Posts: 1271 | From: Sincinnati , Ohio | Registered: Feb 2005
| IP: Logged |
No offense...but thankful to Frankie boy for what? For taking our money and letting the PPS tank? There is no denying that QTN is growing, but what about the QBID share value? In all actually, it is Frankie boy that should be thankful to us. After all it is the shareholders that are contributing the money for Frankie boy's dream. What has he done for us lately?
quote:Originally posted by QBID'n:
quote:Originally posted by a4realguy: There is no reason why it should take over 4 weeks to certify an audit. And more over, there certainly isn't any reason/excuse as to why we are not getting ANY information from management as to the status of the certification process. There must have been a problem... we can speculate what it was/is... but it's obvious that something has gone "not according to plan".
You know Q is a new company so you must continue to have patience with the start-up process. Raising money, hiring a knowlegable team and implementing good strategies to beat Logo and Here! has obviously consumed Frank.
As a shareholder, wouldn't you expect anything less from Frank? We should all be thankful for him. Not only for the current development of Q being nothing less than impressive, but as a start-up CEO genuinely concerned and focused on Q's success.
Dew, Ad and all others who continue to have your emotions fester...you have got have more patience.
I'm not stupid. But gullable?, yeah. And I also prefer to see the glass half full. Look, I just truly believe there is no other explanation.
Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
| IP: Logged |
posted
Used to it? How about more and more sick of it. Who said anything was out of the ordinary. Its an on going thing. Some of it is coming to light more recently as we watch the events that are taking place with the pps and so on.
quote:Originally posted by Clyde_Crashcup:
quote:Originally posted by DIGDOUGH: People who have been here since early 2004 and longer have more of a problem thanking frank for his business plan, since we seem to be the ones that have been victimized by it. Its partly my own fault. How much I risk, but the games being played on us with the PRs and the BSs are a bit much.
anyone who's been following the stock since 2004 should be use to Franks business practices. I see this as nothing out of the ordinary.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
| IP: Logged |
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