IMAKMONEY 1234 Anydrive Street Anytown, CA 12345 (111) 222-3333
Dec 8th, 2005
Triangle Multimedia Mr. Frank Olsen Mr. Rene Shenk 9876 whatever Street Burbank, CA 12345
Dear Sirs,
This certified letter is being sent to inform you that I will be visiting your Office to view certain documents as allowed under laws set forth by the State of Washington.
Specifically, because QBID is incorporated in the State of Washington, there are statutes governing corporations, designed to protect the interest of shareholders. Copied below you will find one such statute that clearly indicates the shareholders right to obtain specific corporate information.
RCW 23B.16.020 Inspection of records by shareholders.
(1) A shareholder of a corporation is entitled to inspect and copy, during regular business hours at the corporation's principal office, any of the records of the corporation described in RCW 23B.16.010(5) if the shareholder gives the corporation notice of the shareholder's demand at least five business days before the date on which the shareholder wishes to inspect and copy.
(2) A shareholder of a corporation is entitled to inspect and copy, during regular business hours at a reasonable location specified by the corporation, any of the following records of the corporation if the shareholder meets the requirements of subsection (3) of this section and gives the corporation notice of the shareholder's demand at least five business days before the date on which the shareholder wishes to inspect and copy:
(a) Excerpts from minutes of any meeting of the board of directors, records of any action of a committee of the board of directors while exercising the authority of the board of directors, minutes of any meeting of the shareholders, and records of action taken by the shareholders or board of directors without a meeting, to the extent not subject to inspection under subsection (1) of this section;
(b) Accounting records of the corporation; and
(c) The record of shareholders.
(3) A shareholder may inspect and copy the records described in subsection (2) of this section only if:
(a) The shareholder's demand is made in good faith and for a proper purpose;
(b) The shareholder describes with reasonable particularity the shareholder's purpose and the records the shareholder desires to inspect; and
(c) The records are directly connected with the shareholder's purpose.
(4) The right of inspection granted by this section may not be abolished or limited by a corporation's articles of incorporation or bylaws.
(5) This section does not affect:
(a) The right of a shareholder to inspect records under RCW 23B.07.200 or, if the shareholder is in litigation with the corporation, to the same extent as any other litigant; or
(b) The power of a court, independently of this title, to compel the production of corporate records for examination.
(6) For purposes of this section, "shareholder" includes a beneficial owner whose shares are held in a voting trust or by a nominee on the beneficial owner's behalf.
As a current shareholder, you can see I have a legal right to inspect and copy certain documents of Triangle Multimedia. I am therefore informing you that I will be visiting your office at xxxxxxx on Dec xx, 2005 at xx am, unless a more suitable location is identified, to view the following specific information:
1) NOBO list of shareholders dated 12/8/2005 or later 2) Completed audit as was identified on IR webpage 10/31/2005 3) Meeting minutes from supposed meeting in Las Vegas, NV concerning stock devaluation which occurred during the week of XXXXXX 4) Detailed financing arrangements from all parties during the past 3 years. a. Terms of Financing Agreement b. Whom the restricted share agreements were made c. Length of restriction 5) Current articles of incorporation to include a. Authorized share count 6) Exact count and terms of Restricted Shares for all Directors and Employees of TMM
I will expect your phone call no later than Dec xx, 2005 to confirm the meeting place and time. Such that you may confirm that I am a valid shareholder, you will find that I currently own x,xxx,xxx shares in the name of <your name here>.
Thank you for attention to this matter,
Regards,
<your name here>
C: Washington Secretary of State Office for Investors Protection File
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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Your loud mouth and your ego is the only thing that keeps you going. I am surprised you hav'nt made yourself go deaf. As for your dilution theory, you only guessed and had no proof as you had told quite a few people on a private note. Man, with the amount of times you have stuck your foot in your mouth, you are going to have a shoe store in there or is it already?
quote:Originally posted by g-invest:
quote:Originally posted by buckwheatbob: You did squat! Everyone else did the DD and you just read it along with your bone headed ideas. You are never the first to come out with a theory, always the second. You are a perfect example of those who ride the backs of others. You're getting coal for Cristmas!!!!!!
O RLY?
I recall being the first to surmise that because Frank was converting his shares it meant that we were nearing the 50 billion A/S limit and he was or had been diluting.
But maybe I'm just riding on someone else's coattails. Like you, of course. So then, Mr. BuckwheatBob, please answer the following:
1) What is Frank Olsen's original name? 2) What was the name of Triangle Multimedia before it changed? (Either the name of the studio or the shell it bought will do) 3) How many outstanding shares were there as of February 2004?
I can answer these questions without even referencing anything. I have done my DD, and I think it's rather safe to say you have not. Especially since I KNOW FOR A FACT you will not be able to answer these questions, even though I've put them all on here before.
You're just lazy, and you seem to like losing money. Good luck with that.
quote:Originally posted by Jonas Inv.: 0.0002 .... well at least you guys are still hoping that Frank is gonna buy back billions of shares when it is gonna tick 0.0001 (but he wont)
LOL, Jonas---i'd believe your tagline...if you actually added another 'o' so it correctly reads 'too bad!'
Posts: 333 | From: Washington, DC | Registered: Nov 2005
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quote:Originally posted by redmachine: Franks real name isn't Ray Olsen? Is it?
He changed his name from Olson to Olsen. ------------------------------------------
from ihub:
Posted by: ltesprit In reply to: None Date:12/8/2005 1:24:45 PM Post #of 195076
Frank's personal phone number at Q studios: 1-818-848-5800 ext. 314
-------------------- "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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its 1030 my time..im leaving in 30m mins im going to burbank..this is some bs
Posts: 414 | From: los angeles | Registered: Aug 2005
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Posted by: ltesprit In reply to: None Date:12/8/2005 1:28:46 PM Post #of 195084
Frank's hotel phone number: (310) 301-3000 and ask for Frank Olsen's room. You can leave messages there, too.
This is at the Del Ray Marina Hotel somewhere near the studios.
-------------------- "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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Take a copy of the letter above with your info stuck in.....
If they turn you away, you can give them the letter and tell them you will see them next Thursday! They can't ignore this!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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hey i called q studios..frank isnt gonna be in today..the receptionist told me that a bunch of pissed off investors are calling and leaving messages...theres nothing i can do.hes not there..i dont blame him...if i were him id be scared to go to the office
Posts: 414 | From: los angeles | Registered: Aug 2005
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hes not checked in the marina del rey hotel..i just called..marina del rey is like 1 hour away from burbank by the way..its very expensive over there..im sure he spends our money in extravagant ways
Posts: 414 | From: los angeles | Registered: Aug 2005
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just to let you guys know..frank has a personal shoffeur drive him around town in a lincoln continental.. when i saw that i was pissed.. the guy is too lazy to drive..either that or too fat to fit his belly behind the wheel
Posts: 414 | From: los angeles | Registered: Aug 2005
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It sounds like Frank turned his office number into a radio station. Just music.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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Also the hotel told me that he isn't registered yet, was the clerks words.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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Hes probably off lubeing for the San Diego party.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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imakmony2005
unregistered
posted
ok ,guys fot emailed me the letter now i need those address to send to the corp office,burbank office, all known addresses.lets do it.
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imakmony2005
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Hey,i kinda got a bad temper what can i say? what cant i say?
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That's pretty common in a lot of companies. That way they can work in the car instead of having to drive.
quote:Originally posted by davidjanas: just to let you guys know..frank has a personal shoffeur drive him around town in a lincoln continental.. when i saw that i was pissed.. the guy is too lazy to drive..either that or too fat to fit his belly behind the wheel
posted
Send it certified mail, return receipt. If Q doesn't reply or won't let you have the information on the arranged day, you should probably contact the Washington State Legislature instead of the local police...
quote:Originally posted by imakmony2005: ok ,guys fot emailed me the letter now i need those address to send to the corp office,burbank office, all known addresses.lets do it.
quote:Originally posted by King Crimson: check some of my older posts.
back in oct, you told folks "Frank can't dilute any more than 2 billion more at this point without losing control of the company." told you he could throw an amendment on tmm increasing the a/s. he's done that before.
Duly noted. You're a diamond in the rough.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO. Posts: 676 | Registered: Apr 2005
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quote:Originally posted by redmachine: Franks real name isn't Ray Olsen? Is it?
He changed his name from Olson to Olsen.
Ding Ding. Another diamond. Funny how none of the real DD bringers are the people I posed the challenge to. Asi es la vida.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO. Posts: 676 | Registered: Apr 2005
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LOL! Caught again G. This time it is open mouth and insert snow shoes!
quote:Originally posted by g-invest:
quote:Originally posted by King Crimson: check some of my older posts.
back in oct, you told folks "Frank can't dilute any more than 2 billion more at this point without losing control of the company." told you he could throw an amendment on tmm increasing the a/s. he's done that before.
quote:Originally posted by Peaser01: Anyone know how many shares outstanding Q had when it was trading above .01 last year? Thanks in advance.
Approx. 14 billion. 53% of which were owned by Frank, and 3 billion were "restricted shares". One thing to keep in mind, however, is that restricted shares on Pink Sheets are oftentimes held by someone who hasn't shorted the company yet.
HOW TOXIC FINANCING WORKS ------------------------- A financier comes to the CEO when the PPS is .0075 and says, "I'll give you $5 million dollars for the rights to buy 1 billion shares at .0050 two weeks from now."
The CEO wants the money now, but has SEC rules for how much he/she can sell at a time, or maybe they just don't want to be bothered with the trouble of selling it, or perhaps they want to be able to say they have never diluted (meaning themselves directly). $5 million for a billion shares is about .0050 per share, which is lower than the current PPS, but then again, the CEO is restricted on what they can buy and sell. So they accept the deal.
The MM, or hedge fund, or CORNELL CAPITAL (as an example) gives them the $5 million and gets on the market and starts selling blocks of 9 million or so at a time, driving the PPS down. Supposing they sell 200 million shares at .0005 increments for each 5 in downticks, that's $.0075 * 200 million + .0070 * 200 million + ... = $1,500,000 + $1,400,000 + ... = $6.5 million.
Now what has confused penny investors for the longest time is that they believed this "naked shorting" was done without the knowledge of the CEO. It is important for you to know that this is almost never the case. The CEO knows exactly why the PPS is dropping, and will put out fluff PRs to keep it inflated. The better the job they do, they more $millions they'll get "financed".
Hence, "toxic financing". All that is left is for the CEO to raise the authorized shares and/or convert some of the treasury or restricted stock into common stock, and the MM/hedge/financier gets that stock to use to cover their shorts.
Since the financier's initial cost was $5 million, that means they just made a profit of $1.5 million. That's how they make money while giving money to the CEO. And everyone's happy, except the shareholder, who's position has been diluted.
There are two ways to fight this: 1) Request your certifications immediately after purchasing a penny stock. This forces a cover, but requires everyone to do it. 2) Do not invest in penny stocks, or if you do, only in OTC BB stocks where you know exactly what the authorized share count is, and when it is raised by the CEO. Even AMEX stocks have this toxic financing problem.
Copy and paste this to every forum imaginable if it makes sense to you. We *have* to get the word out. Yes, I've been a real jerk and full of myself, but that's only because I'm figuring this out just as you all are. It's important to sound arrogant or people will just dismiss me. When I'm arrogant *AND* right, it's a force that cannot be ignored by any Pink Sheet CEO.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO. Posts: 676 | Registered: Apr 2005
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quote:Originally posted by buckwheatbob: LOL! Caught again G. This time it is open mouth and insert snow shoes!
If you even one iota of an understanding of what his link was, you would have noticed that he answered the question for you because you failed so miserably.
And his comment about me stating he couldn't do that without losing control of the company was made within the context of not raising the A/S. As I posted in a followup to Crimson back in September/October, you'll note that I mentioned to him that I hadn't considered he'd actually do that, because of investor backlash, but that he certainly *could*.
Then he did.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO. Posts: 676 | Registered: Apr 2005
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