quote:Originally posted by GoodFella: I'm a real shame for my nickname. GoodFellas usually make smart moves. LOL
Sincerly yours,
DumbFella
------------------------------------------------- Except for the ones that wind up in holes in up State New York! lol
Posts: 10729 | From: oregon | Registered: Feb 2005
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"Class action may be the case, but not at the current time IMO."
Yes, absolutely it is not the time yet, in fact it may never be the time, Seems that most have already begun to look at this as a loss and beginning to seek VENGENCE, i.e. "he's ruined our investments, now let's ruin his dream". Folks, this ain't over yet, not by a long shot.
"ANYBODY who has a stake in QBID and thinks filing a classaction lawsuit against their company is a good idea is OUT of their mind or cannot think straight to begin with."
Absolutely correct.
"And if you think its going to ruin Franks dream of a network you are offbase as well. What it will do is give Frank the ability to file chapter 11, reorganize, do away with the shareholders, take the company private and within about 2 years he will come out clean and better than ever." In fact, i can see the PR now "Because of disgruntled shareholders classaction lawsuit, we have had to file for chapter 11 and get rid of all of our shareholders."
A most likely scenario in the event of a class action suit. A nagging thought keeps coming to my mind, what if Frank is deliberately attempting to provoke a lawsuit in order to do just this. Surely he's not that sinister.
-------------------- "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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posted
ive been busy with school and havnt been able to come on here and read much but witht h way the stock is going i needed to make time, its real low almost down to nothing but we cannot be as negetive as we are being until its at 0 or we get info of some sort. Yeah its real real low but we have all seen lower and those stocks that have been lower we have watched sky rocket on companies that dont have nearly what Qbid has. Im by no means a pumper I just think at this moment all we should do is email frank stating our complaints, lots of them over and over. Dont threatin in the long run threating can only cause problems for us in the end. A class action law suit I will be a part of when this reaches .0001 with no bids. I hold over 5million shares and as a person who funded part of Franks company I think we are entitled to something if this goes broke. So until we get a letter from frank or some PR or a increase or decrease in the PPS then we should all get along, remember we are all in this together and there is no reason to fight with each other about it. If this stock goes down to .0001 then of course we need the class action. Although could someone inform me on what happens after the class action lawsuit, if we did end up winning? Do we get our original investment back or more? Or nothing at all?
Posts: 50 | From: bloomfield | Registered: Dec 2004
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posted
you will not win a class action suit, you will not get your money back.
class action lawsuits make money for the lawyers only.
no one wins.
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. Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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posted
I have to agree with PT at this point. Class action will just waste your time, and mess with your head..
Folks it is not supposed to be this infuriating to own a stock..
The infallable truth is the pps just keeps coming down, regardless of what appears to be good news..
My concern is for the young folks who have put their Heart and limited funds into this company..
The Q is a differant situation than most stocks, because of this.
You are seeing dilution, and thats just the way the pennys work.. You have been taken advantage of, yes, but all of Wall Street is not like this...
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
I just thought I would pop in for a minute. We all are on edge. I still strongly believe that Frank has the final audit in his hands. I got a little exuberant the other day with my feelings. With my understanding of things, I thought the audit would have been out by now. Frank is a very smart man; he would have to be in order to have QTN at its current place in its development. With that being said, IMO, Frank probably has something else in the works. The audit will come out when it does.
Frank has no direct control over the pps. Yes, the audit being published and Q becoming transparent SHOULD move the pps. But, that has to do with the MM’s. If we want to vent our anger and frustration we need to place it at the feet of the MM’s. They have manipulated the pps. Planet Out and SelecTV in the same day and nothing! They are the greedy ones, IMO that is. Just watch the time and sales and you see their signals. It’s called collusion and racketeering. If we have a gripe with anyone it’s them!
If we take away the pps issue, then what do we have left? We look at QTN and see how very far they’ve come. For a Network to have been broadcasting for only 15 months, Q has made incredible strides. There are now published reports of Los Angeles and Lincoln, Neb. being added. We could probably figure on Lincoln adding 5-10k subs, but what about Los Angeles? How many subs are realistic there? With these new ones, and those already on line, Q should be close to being profitable.
So, where is the problem? I say it resides with the MM’s.
-------------------- Your greatest investment is into a peaceful heart. Posts: 699 | From: Tampa, Fl. | Registered: Jun 2005
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quote:Originally posted by Dustoff101: Millertime, the word I get is the SEC is hiring new investigators..
Eliot Spitzer may see a Political advantage to coming after the illegal goings on in Penny-land.. To the rescue of the little guy kind of thing.. Makes for good campain fodder.
by the way you have a pm from me from a couple days ago.
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. Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
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From what little I know, it would seem that this stock has been short-sold into the ground. It would seem to me, however, that's it pretty darn near the point where it would be impossible to profit from this any more.
Again, from what little I know, once the point has been reached where all the short sellers settle up (drying up a ton of dilution), shouldn't QBID pps go back to a more realistic level?
Posts: 369 | Registered: Dec 2005
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quote:Originally posted by Jennifercd10: I just thought I would pop in for a minute. We all are on edge. I still strongly believe that Frank has the final audit in his hands. I got a little exuberant the other day with my feelings. With my understanding of things, I thought the audit would have been out by now. Frank is a very smart man; he would have to be in order to have QTN at its current place in its development. With that being said, IMO, Frank probably has something else in the works. The audit will come out when it does.
Frank has no direct control over the pps. Yes, the audit being published and Q becoming transparent SHOULD move the pps. But, that has to do with the MM’s. If we want to vent our anger and frustration we need to place it at the feet of the MM’s. They have manipulated the pps. Planet Out and SelecTV in the same day and nothing! They are the greedy ones, IMO that is. Just watch the time and sales and you see their signals. It’s called collusion and racketeering. If we have a gripe with anyone it’s them!
If we take away the pps issue, then what do we have left? We look at QTN and see how very far they’ve come. For a Network to have been broadcasting for only 15 months, Q has made incredible strides. There are now published reports of Los Angeles and Lincoln, Neb. being added. We could probably figure on Lincoln adding 5-10k subs, but what about Los Angeles? How many subs are realistic there? With these new ones, and those already on line, Q should be close to being profitable.
So, where is the problem? I say it resides with the MM’s.
Well i have 2 things to say.
1. the other day when you said the audit was coming out. Did you or your insider every hear Frank say he was going to release the audit to the public. Or you guys just saw the audit. Because its pretty obvious the audit has been done for a while, but he has been holding it back.
2. NO it is not the MM that are to blame. It is Frank and upper managements incompentence to shareholders. There is a dark cloud that is hanging over Q right now, with soooo many unawswered questions and empty promises. The bloated OS is obviously a major problem, but i think there is something Much Much bigger that is the cause. Maybe Frank is the one selling all his shares before he RS, maybe he has toxic financing, maybe he has another secret.
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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posted
Frank has direct control over the communications to his shareholders and in that area he fails miserably. Then one has to ask oneself why is there no communications with the shareholders? And the vast majority of answers are not positive ones.
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
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------------------------------------------------- Yep, your're assumption that the Dilution will somehow magicly disappear.....Right after stating you don't know what your talking about, may give some a false sense of security.
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
That's why I made sure to say I have no idea what I'm talking about - I'm clueless and asking questions, and want to make sure nobody is basing their decisions off what I'm asking.
I wasn't saying real dilution will go away, but that dilution caused by shorters (selling more stocks than may actually exist, which has a real dilutive effect) would dry up.
Posts: 369 | Registered: Dec 2005
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posted
FCDH in the news today. They are another network getting off the ground. Seems they have only be on air since september and have 1 Million subscribers? Im guessing that they must be not be a subscription channel like QTN. That would be incredible to have 1 Million subs.
They are a canadian fight network. Looking for carriage in the US markets.
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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posted
Yes Miller, I agree. Blame this crap on the mm's? Much should be blamed on Franko. This has gone on for so long. He talked about getting together with people to make sure the price won't drop and it has. On the conference call he said this and it sure doesn't look like anything was done. Great that we have these carriers and all the things that have happened since the start, but it's starting to get very frustrating for all, and I am one. I still want to beleive, but wake up Frank.
Can he not be held accountable for the prs and what he's said? Sure it's pink, but there must be something that can be done if Frank BS everyone. He has a few mill, and I would like my original investment back if nothing can be done about this. I haven't placed big dollars into this, but some have.
Dave
Posts: 263 | From: Illinois | Registered: Mar 2004
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posted
These are 25% swings now...It will be interesting to see if someone bumps it up, at the close..
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
Can you spell Toxic boys and girls? MT... I will be spouting this everyday until we get some facts that show otherwise... you get the credit for making this information available.. I happen to believe it.. nothing going on that shows otherwise..
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
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quote:Originally posted by Jennifercd10: I just thought I would pop in for a minute. We all are on edge. I still strongly believe that Frank has the final audit in his hands. I got a little exuberant the other day with my feelings. With my understanding of things, I thought the audit would have been out by now. Frank is a very smart man; he would have to be in order to have QTN at its current place in its development. With that being said, IMO, Frank probably has something else in the works. The audit will come out when it does.
Frank has no direct control over the pps. Yes, the audit being published and Q becoming transparent SHOULD move the pps. But, that has to do with the MM’s. If we want to vent our anger and frustration we need to place it at the feet of the MM’s. They have manipulated the pps. Planet Out and SelecTV in the same day and nothing! They are the greedy ones, IMO that is. Just watch the time and sales and you see their signals. It’s called collusion and racketeering. If we have a gripe with anyone it’s them!
If we take away the pps issue, then what do we have left? We look at QTN and see how very far they’ve come. For a Network to have been broadcasting for only 15 months, Q has made incredible strides. There are now published reports of Los Angeles and Lincoln, Neb. being added. We could probably figure on Lincoln adding 5-10k subs, but what about Los Angeles? How many subs are realistic there? With these new ones, and those already on line, Q should be close to being profitable.
So, where is the problem? I say it resides with the MM’s.
do you really have 264 million shares of QBID?
Posts: 97 | Registered: Oct 2005
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quote:Originally posted by a4realguy: Can you spell Toxic boys and girls? MT... I will be spouting this everyday until we get some facts that show otherwise... you get the credit for making this information available.. I happen to believe it.. nothing going on that shows otherwise..
yeah ill try and outline it tonight.
another thing someone brought up on IHUB is that regarding the letter we all sent to Frank...
1. if he replies to it quickly than it means that nothing really is in the works soon. 2. If he does not reply for a couple of days, it might be because he has something about to be released.
His blurbs on the website regarding shareholder concerns are usually just stall tactics.
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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posted
The MM ARE NOT to blame for the current PPS. This is all Frankie boy's doing. The increase in A/S from 20B to 60B in 1.5 years, issuance of restricted shares and the selling billions of shares into the news - How can this be the MM's fault? Additionlly, if we are worth $1B as Frankie says, then where the hell is the audit to prove this? What is the hold up?
Posts: 1124 | From: DC/VA | Registered: Jul 2005
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quote:Originally posted by Dew-it: The MM ARE NOT to blame for the current PPS. This is all Frankie boy's doing. The increase in A/S from 20B to 60B in 1.5 years, issuance of restricted shares and the selling billions of shares into the news - How can this be the MM's fault? Additionlly, if we are worth $1B as Frankie says, then where the hell is the audit to prove this? What is the hold up?
Read about Toxic Financing.. you'll find your answer...
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
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posted
Posted by: zandant In reply to: None Date:12/5/2005 3:41:25 PM Post #of 193449
We haven't received the audit but Frank has provided us with "snow" for Christmas. LOL. Check out the web site and the "Q" in the upper left corner. What a company.
quote:Originally posted by MillerTIME: Posted by: zandant In reply to: None Date:12/5/2005 3:41:25 PM Post #of 193449
We haven't received the audit but Frank has provided us with "snow" for Christmas. LOL. Check out the web site and the "Q" in the upper left corner. What a company.
Personally, I like it. It's a nice touch. And just think, it only cost about 100 million shares (give or take a mil) to pay for it!
-------------------- "Please note that every week from now until the end of time is a 'coming week.' " Posts: 512 | Registered: Sep 2005
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Desperation both in life and business can convince folks to embark on risky paths to keep the financial doors open. Third mortgages, ridiculous credit card rates, finance company loans and even check cashing services loom like sharks that frequently smell blood in the water.
The equivalent in the SmallCap market is the great White Shark known as toxic financing. A fledgling company, like an individual with her/his financial back against the wall, will embrace this lunacy—usually the only financing option left –as its potential savior. More often than not, it is a deal with the devil. And investors should stay away from those companies that employ this strategy. The stats for success following this type of financing are so not in the favor of the company or the shareholders.
While not definitive, here’s one example of the form these toxic deals can take. The CEO of a small- or micro-cap company is convinced his company has the Next Big Thing. Progress as well as financing has been spotty and to get to the ‘next level’ a significant capital infusion is necessary. Unfortunately, the lack of a track record or results or both has road-blocked access to conventional financing avenues.
Then, one or more charming folk shows up at the door and schmoozes the CEO as to the potential of the company and how they can’t wait to invest. Either due to desperation, ego or stupidity, the CEO listens and in the back of his mind, rationalizes salvation for himself and shareholders. He would actually do his company and the shareholders a better service by sending these carpetbaggers packing.
The deal seems straightforward enough—although it can take many forms. The financiers will give the company money in exchange for a convertible debenture, preferred or equity line at a discount to the market price of the shares. The key here is that the conversion rate/price is not fixed, and in some cases there is a share price level, usually significantly below current market that will stop the advancement of a larger second tranche of funds.
My stock will never get that low, concludes the CEO, confident that this deal will save his company. What he doesn’t know is that these sharks have likely found the company not based on the potential of the technology, but on the capital structure and the potential to whack the crap out of the share price and make them and their buddies a crap-load of fast money.
The result will likely be the complete destruction of the company at most, massive crippling dilution for the shareholders at least and likely land the whole thing in litigation. A handful out of hundreds of company that go down this road actually prosper, but not before a lot of financial pain for everyone other than the ‘good samaritans’ that structure these toxic deals.
Without fixed pricing, the financiers and their buddies make their money by pounding the shares through shorting—usually of the naked variety-- and, once the price has been decimated (the dreaded death spiral) convert their debenture, preferred —whatever—into ridiculously cheap shares to cover their massive short sales. Usually, the lower the price, the more shares they get courtesy of a favorable value/conversion rate.
The company ends up having to issue massive numbers of shares to satisfy the conversions and it becomes a vicious circle as the selling begets conversion begets more dilution. Once the share price has been destroyed and the vehicle converted into all the shares necessary to cover, these buzzards move on to the next company with an equally desperate CEO. The carnage left usually means the shareholders are left with nothing the company becomes an albatross with potentially 100’s of millions of virtually worthless shares and is likely further behind than when it started.
Oh yes, if there is a threshold below which the company would not get a second, larger tranche of funding, you can be sure that’s the first level to where the short sharks will drive the company’s share price. Of course, other traders who troll around looking for this type of chum in the water will also come along for the feed. The CEO, his company and shareholders are virtually powerless to stop the decline. That’s where the litigation part usually kicks in.
In this case, the SEC website has a decent discussion of this topic:
Good: In a conventional convertible security financing, the conversion formula is generally fixed - meaning that the convertible security converts into common stock based on a fixed price. The convertible security financing arrangements might also include caps or other provisions to limit dilution. Bad: By contrast, in less conventional convertible security financings, the conversion ratio may be based on fluctuating market prices to determine the number of shares of common stock to be issued on conversion. Further risks: The company issues convertible securities that allow the holders to convert their securities to common stock at a discount to the market price at the time of conversion. That means that the lower the stock price, the more shares the company must issue on conversion. The more shares the company issues on conversion, the greater the dilution to the company's shareholders will be. The company will have more shares outstanding after the conversion, revenues per share will be lower, and individual investors will own proportionally less of the company. While dilution can occur with either fixed or market price based conversion formulas, the risk of potential adverse effects increases with a market price based conversion formula. The greater the dilution, the greater the potential that the stock price per share will fall. The more the stock price falls, the greater the number of shares the company may have to issue in future conversions and the harder it might be for the company to obtain other financing The key to avoiding this type of mess is to carefully look at the terms. Is the conversion at a fixed price(s) or at market prices at the time of conversion? Is the interest rate on the vehicle stupid? Does the financier have a website and you can view other deals they’ve done? Was the company completely out of cash prior to a financing deal? Hence, we again note the importance of carefully reading company Edgar filings. Armed with information as to how the financing process works, investors can avoid adding to the already significant risks inherent in the smallcap market by ensuring that they stay well away from toxic, shark-infested waters.
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
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quote:Originally posted by MillerTIME: Posted by: zandant In reply to: None Date:12/5/2005 3:41:25 PM Post #of 193449
We haven't received the audit but Frank has provided us with "snow" for Christmas. LOL. Check out the web site and the "Q" in the upper left corner. What a company.
Personally, I like it. It's a nice touch. And just think, it only cost about 100 million shares (give or take a mil) to pay for it!
I would have done it for 10 million, not just 10 shares
-------------------- M.M. Semester #3 started,Only 7 more semesters to go. Why, in an age where information is so easy to get, cant we find information on one man. Experience is something you dont get until just after you need it. Posts: 1002 | From: Southaven, Mississippi, US | Registered: Nov 2004
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