quote:Originally posted by bottomfishing: i dont think it's mt's cell phone. the # checks out. i cant get through either though.
i will say this. frank supposedly converted his stock to preferred stock. preferred stock has no voting rights in most states, only common stock has voting rights (not sure about washington state though). in order to raise the actual shares, the corporation needs to get shareholder approval. i do not remember voting on this- anyone else? if the shares were raised, they were raised without our permission and we do have a legal issue
How did you check the number? There is an area code 360 in Washington and a 340 in the Virgin Islands in the phone book--no 350.?
quote:Originally posted by bottomfishing: i dont think it's mt's cell phone. the # checks out. i cant get through either though.
i will say this. frank supposedly converted his stock to preferred stock. preferred stock has no voting rights in most states, only common stock has voting rights (not sure about washington state though). in order to raise the actual shares, the corporation needs to get shareholder approval. i do not remember voting on this- anyone else? if the shares were raised, they were raised without our permission and we do have a legal issue
How did you check the number? here is an area code 360 in Washington and a 340 in the Virgin Islands in the phone book--no 350.?
google, just type in the # and a link for washington state comes up
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quote:Originally posted by bottomfishing: i dont think it's mt's cell phone. the # checks out. i cant get through either though.
i will say this. frank supposedly converted his stock to preferred stock. preferred stock has no voting rights in most states, only common stock has voting rights (not sure about washington state though). in order to raise the actual shares, the corporation needs to get shareholder approval. i do not remember voting on this- anyone else? if the shares were raised, they were raised without our permission and we do have a legal issue
How did you check the number? here is an area code 360 in Washington and a 340 in the Virgin Islands in the phone book--no 350.?
google, just type in the # and a link for washington state comes up
the number posted by MT was a 360 area code
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posted
preferred stock holders can trigger the liquidation, and if the liquidation isnt high enough the common stock shareholders get nothing...
if frank & his 15 foster children & his private investors own the preferred shares (as stated in his conference call) then we, the people, are screwwwwwwed. the valuation of the company ain't gonna be high enough to pay off the common shareholders.
i'll bet if asked frank would probably say we owe him money
to put my layman's understanding of it bluntly.
~BB
quote:Originally posted by bottomfishing: i dont think it's mt's cell phone. the # checks out. i cant get through either though.
i will say this. frank supposedly converted his stock to preferred stock. preferred stock has no voting rights in most states, only common stock has voting rights (not sure about washington state though). in order to raise the actual shares, the corporation needs to get shareholder approval. i do not remember voting on this- anyone else? if the shares were raised, they were raised without our permission and we do have a legal issue
quote:Originally posted by betting babe: wow i guess everybody is callin. the woman knew the UBI right away without my stating it. said she's swamped.
i only waited like 2 minutes on hold.
350 BIL authorized yesterday.
*jaw drops*
~BB
Are you saying that QBID now has 350Billion A/S??? If so, who would buy them. With the resulting pps you could probaly buy the whole company for a few million in CASH...!
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quote:Originally posted by betting babe: wow i guess everybody is callin. the woman knew the UBI right away without my stating it. said she's swamped.
i only waited like 2 minutes on hold.
350 BIL authorized yesterday.
*jaw drops*
~BB
Are you saying that QBID now has 350Billion A/S??? If so, who would buy them. With the resulting pps you could probaly buy the whole company for a few million in CASH...!
The same people who have been buying tens of millions at .0001 (they're so cheap!!) and the newbies Dusty and MT have been trying to warn away from this stock.
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posted
u know, i rarely check up on these things. i even pushed other buttons on the menu to make sure that i reached a real official office phone number.
350 BILLION.
when did it happen i asked?
yesterday, she said.
and she didnt state it like it was a good thing.
~BB
quote:Originally posted by manfromjax:
quote:Originally posted by betting babe: wow i guess everybody is callin. the woman knew the UBI right away without my stating it. said she's swamped.
i only waited like 2 minutes on hold.
350 BIL authorized yesterday.
*jaw drops*
~BB
Are you saying that QBID now has 350Billion A/S??? If so, who would buy them. With the resulting pps you could probaly buy the whole company for a few million in CASH...!
posted
Well I will have to do something else with my income tax money. I was going to buy 10 or more million tomorrow but, they would just be worthless!
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ARE THE QBID PREFERRED SHAREHOLDERS FORCING THE LIQUIDATION & REORGANIZATION? 8/8/2005 10:41:41 PM Posted By: sgtspanky04 Msg# 6742 of 16263 Post Reply Post New Message <<Prev | Next>> It was disclosed in the 2000 audit that the preferred were issued to finance a merger or aquisition in reorganization. Thats why there are the large liquidation preferences on the stock. The reason QBID can't get their financials audited appears to be because the dirty shell Frank aquired for TMM and forced to merge with his GAAY was, per March 18, 1999 PR, filled with "stock fraud". It appears Franks' solution to the dirty shell is to reorganize after this liquidation. THat way, the common stock will all be wiped out and not an issue anymore. Then QTN & QBID will merge and register the business combination's NEW SHARES w/ the SEC.
Frank converted his common shares to preferred because common shares are wiped-out in Ch.11 & the preferred stockholders aquire the private holdings like Q Television.
QBID is liquidating before they reorganize. This means, imo, that Frankie is going to merge his private Q Television into his dirty QBID shell. How he hopes to pass an SEC audit is anybody's guess. In the reorganization the QBID common shareholders will lose all their equity. IT IS THE PREFERRED SHAREHOLDERS (FRANKIE & THE PRIVATE INVESTORS, CALLING ALL THE SHOTS!). This is basically a deal where ;
1) Frank aquired a dirty shell that was about to be liquidated itself & PR'd it was riddled with "stock fraud" (ITHC) and moved TMM into it.
2) Frankie forced a merger between ITH/TMM & his old GAAY and aquired all the assets for cash & spanking new TMM shares
3) FRANK RETAINED DISBARRED ATTORNEY MAX CASSING TO FORM THE ESCROW ACOUNT FOR THE GAAY/ITHC(TMM) MERGER-BIZ COMBO AND TALLIED THE SHAREHOLDERS VOTES THAT 'APPROVED' ALL THE INSIDERS LARGE & BONUS LIQUIDATION PREFERENCES ON THEIR STOCK
4) FRANK INCORPORATED Q TELEVISION IN MAY 2004
5) LIQUIDATION OF QBID COMMENCED AFTER QTN WAS INCORPORATED
6) UN-NAMED PRIVATE INVESTORS ARE FINANCING QTN THRU 2008 FOR AN UNDISCLOSED EQUITY STAKE (PREFERRED QBID STOCK?)
7) FRANK CONVERTED HIS 53% QBID HOLDINGS INTO PREFERRED w/o a SHAREHOLDERS' MEETING, VOTE OR APPROVAL - IF THE PREFERENCES ON FRANK'S SHARES ARE GREATER THAN THE OTHER PREFERRED HOLDERS, THE PREFFERED HOLDERS MUST APPROVE THEIR ISSUANCE. THIS SUGGESTS TWO THINGS - FRANK IS DUMPING ON HIS PREFERRED WHEN THEY MAKE CONVERSION TO COMMON AT AN UNDISCLOSED RATIO AND/OR ISSUED THE PREFERRED TO KEEP CONTROL OF Q TELEVISION IN A QBID REORGANIZATION and/or BOTH!
8) WHO ARE THE UN-NAMED PRIVATE INVESTORS THAT MAKE UP THE PREFERRED SHAREHOLDERS ALONG W/ FRANK & RENE? WHO IS POSTING ON THEIR BEHALF? ARE THE QBID PREFERRED SHAREHOLDERS FORCING THE LIQUIDATION & REORGANIZATION?
preferred shareholders control the board, they therefore have the power to crush the common shareholders by triggering a liquidation event at any time. If the valuation at that point is not higher than the Liquidation Preference, then the common shareholders get nothing.
For any number of reasons, a board of directors may decide to take an action (such as deciding to sell or merge the company) which is considered a liquidation. The valuation of the company at that moment determines whether common shareholders end up with anything at all.
For me, the trouble begins with the word "liquidation."
A typical liquidation clause looks like this:
"a merger, acquisition, or sale of substantially all of the assets of the Company in which the shareholders of the Company do not own a majority of the outstanding shares of the surviving corporation shall be deemed to be a liquidation."
I wonder why frwankie is *so* desperate to re-gain investor confidence?!!!
Let's face it ... if he didn't dump so many shares on the market driving down the pps ... and also manipulate the stock with the "hotline" announcements ... *and* ignoring his past GAAY scams etc ... then he would already have it ... and QBID would be at least on the OTCBB and be over $1 ...
QBID is shaping up to be the best show in town ... GLTA!!!
Below will be the definitive call on this stock ... R/S in 1 month from below date ...
By: flipperazzi 06 Aug 2005, 01:46 PM EDT Msg. 964016 of 965674 Jump to msg. # Can anyone who is knowlegable of stock scams please comment on the significance of converting common stock to preferred shares???
It seems to me that this will just result in a more "reasonable" r/s ratio ... and frwankie can also convert the preferred back into common stock after the split!
What do the traders think ... the "true believers" don't need to respond ... TIA!
Ludlow is a VC firm. Bustamante is an associate of Joe Lanza's and Frank's private investors (preferred QBID shareholders). Joe's Top2Net hosts QBID's website, www qbid net. Its not an objective score and is STILL only gets a C+ rating. Ludlow gets stock to tout;
Tom Bustamante, Ludlow Capital Phone: (646) 670-6494 Email: info*ludlowcapital com
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posted
Hey DJ where are you? If Frank could just communicate with his investors and explain the situation instead of saying everything is just fine, then leaving our azz's hanging out to dry, I truely believe we could weather this storm. But, I guess a sense of honor and self-respect and the respect of his shareholders is a concept foreign to him.(IMHO)
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quote:Originally posted by suzainiee: Now that the need for a leaner machine has been established, my bets are on Frank getting the financing. I hope that he does major restructuring, too.
I'll back your bet on that Suz...but no need in anyone sending letters of concern. Common sense tells us he is and has been aware of our concerns. Surely they're miniscule in comparison to the whole picture he faces daily.
I believe, if Carol speaks the truth , that Frank’s problem is what we have known all along. He simply lacks the experience in achieving such a task single mindedly as great as this job has proved to be. He's just f*cking up not f*cking us.
MT and many others here were right when they previously stated time and time again, that Frank needed to step down. But he's just been to f*cking stubborn. Maybe its just an ego thing...who knows!...but I'll say one thing, I believe Suz is right on the money. Again, providing Carol is telling the truth, Frank will prevail.
And why?...well because I believe Frank will stay at the helm, relations with all our carriers remain intact, the GG Federation still confirms Q and most important, Carol's restructuring statement of retooling and a committed staff, “to me”, only proves that a previously and carefully well devised plan was put into place. And apparently, was a plan only to be executed at the appropriate time. I have no doubt that funds are available, but how much?… who knows?…one thing for certain, surely it will be allocated where need be.
IMO, this strategic plan more than likely was conceived during the Vegas meeting. We are seeing changes. Changes needed to be competitive and successful. But sadly enough some of you are seeing it as f*ck ups and stumbles, and that’s ok…so long as you can eventually step back and see the big picture….like Frank does everyday.
I say continue to be patient and wait this thing out. After all, this has been and always will be Frank's baby. And like any new parent, he's just living and learning along the way.
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posted
Doc and Imak have been put into the Witness Protection Program. Frankie Boy has been looking after the paper work for them. He paid to have them hidden with 10 Billion shares.
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posted
i read this post back in Aug, and actually saved it. after researching its points, (and i believe i brought these questions to the board at the same time) i sold my position and decided not to ride it to the ground.
even then i lost a bundle.
a safety provision? an extra 300 billion? well i guess frank really knows something about the company's value that we don't.
~BB
----------------------------------
quote:Originally posted by manfromjax: I just found this, don't know if it has been posted here before...but this sure does sound familar!!
ARE THE QBID PREFERRED SHAREHOLDERS FORCING THE LIQUIDATION & REORGANIZATION? 8/8/2005 10:41:41 PM Posted By: sgtspanky04 Msg# 6742 of 16263 Post Reply Post New Message <<Prev | Next>> It was disclosed in the 2000 audit that the preferred were issued to finance a merger or aquisition in reorganization. Thats why there are the large liquidation preferences on the stock. The reason QBID can't get their financials audited appears to be because the dirty shell Frank aquired for TMM and forced to merge with his GAAY was, per March 18, 1999 PR, filled with "stock fraud". It appears Franks' solution to the dirty shell is to reorganize after this liquidation. THat way, the common stock will all be wiped out and not an issue anymore. Then QTN & QBID will merge and register the business combination's NEW SHARES w/ the SEC.
Frank converted his common shares to preferred because common shares are wiped-out in Ch.11 & the preferred stockholders aquire the private holdings like Q Television.
QBID is liquidating before they reorganize. This means, imo, that Frankie is going to merge his private Q Television into his dirty QBID shell. How he hopes to pass an SEC audit is anybody's guess. In the reorganization the QBID common shareholders will lose all their equity. IT IS THE PREFERRED SHAREHOLDERS (FRANKIE & THE PRIVATE INVESTORS, CALLING ALL THE SHOTS!). This is basically a deal where ;
1) Frank aquired a dirty shell that was about to be liquidated itself & PR'd it was riddled with "stock fraud" (ITHC) and moved TMM into it.
2) Frankie forced a merger between ITH/TMM & his old GAAY and aquired all the assets for cash & spanking new TMM shares
3) FRANK RETAINED DISBARRED ATTORNEY MAX CASSING TO FORM THE ESCROW ACOUNT FOR THE GAAY/ITHC(TMM) MERGER-BIZ COMBO AND TALLIED THE SHAREHOLDERS VOTES THAT 'APPROVED' ALL THE INSIDERS LARGE & BONUS LIQUIDATION PREFERENCES ON THEIR STOCK
4) FRANK INCORPORATED Q TELEVISION IN MAY 2004
5) LIQUIDATION OF QBID COMMENCED AFTER QTN WAS INCORPORATED
6) UN-NAMED PRIVATE INVESTORS ARE FINANCING QTN THRU 2008 FOR AN UNDISCLOSED EQUITY STAKE (PREFERRED QBID STOCK?)
7) FRANK CONVERTED HIS 53% QBID HOLDINGS INTO PREFERRED w/o a SHAREHOLDERS' MEETING, VOTE OR APPROVAL - IF THE PREFERENCES ON FRANK'S SHARES ARE GREATER THAN THE OTHER PREFERRED HOLDERS, THE PREFFERED HOLDERS MUST APPROVE THEIR ISSUANCE. THIS SUGGESTS TWO THINGS - FRANK IS DUMPING ON HIS PREFERRED WHEN THEY MAKE CONVERSION TO COMMON AT AN UNDISCLOSED RATIO AND/OR ISSUED THE PREFERRED TO KEEP CONTROL OF Q TELEVISION IN A QBID REORGANIZATION and/or BOTH!
8) WHO ARE THE UN-NAMED PRIVATE INVESTORS THAT MAKE UP THE PREFERRED SHAREHOLDERS ALONG W/ FRANK & RENE? WHO IS POSTING ON THEIR BEHALF? ARE THE QBID PREFERRED SHAREHOLDERS FORCING THE LIQUIDATION & REORGANIZATION?
preferred shareholders control the board, they therefore have the power to crush the common shareholders by triggering a liquidation event at any time. If the valuation at that point is not higher than the Liquidation Preference, then the common shareholders get nothing.
For any number of reasons, a board of directors may decide to take an action (such as deciding to sell or merge the company) which is considered a liquidation. The valuation of the company at that moment determines whether common shareholders end up with anything at all.
For me, the trouble begins with the word "liquidation."
A typical liquidation clause looks like this:
"a merger, acquisition, or sale of substantially all of the assets of the Company in which the shareholders of the Company do not own a majority of the outstanding shares of the surviving corporation shall be deemed to be a liquidation."
I wonder why frwankie is *so* desperate to re-gain investor confidence?!!!
Let's face it ... if he didn't dump so many shares on the market driving down the pps ... and also manipulate the stock with the "hotline" announcements ... *and* ignoring his past GAAY scams etc ... then he would already have it ... and QBID would be at least on the OTCBB and be over $1 ...
QBID is shaping up to be the best show in town ... GLTA!!!
Below will be the definitive call on this stock ... R/S in 1 month from below date ...
By: flipperazzi 06 Aug 2005, 01:46 PM EDT Msg. 964016 of 965674 Jump to msg. # Can anyone who is knowlegable of stock scams please comment on the significance of converting common stock to preferred shares???
It seems to me that this will just result in a more "reasonable" r/s ratio ... and frwankie can also convert the preferred back into common stock after the split!
What do the traders think ... the "true believers" don't need to respond ... TIA!
Ludlow is a VC firm. Bustamante is an associate of Joe Lanza's and Frank's private investors (preferred QBID shareholders). Joe's Top2Net hosts QBID's website, www qbid net. Its not an objective score and is STILL only gets a C+ rating. Ludlow gets stock to tout;
Tom Bustamante, Ludlow Capital Phone: (646) 670-6494 Email: info*ludlowcapital com
quote:Originally posted by betting babe: preferred stock holders can trigger the liquidation, and if the liquidation isnt high enough the common stock shareholders get nothing...
if frank & his 15 foster children & his private investors own the preferred shares (as stated in his conference call) then we, the people, are screwwwwwwed. the valuation of the company ain't gonna be high enough to pay off the common shareholders.
i'll bet if asked frank would probably say we owe him money
to put my layman's understanding of it bluntly.
~BB
quote:Originally posted by bottomfishing: i dont think it's mt's cell phone. the # checks out. i cant get through either though.
i will say this. frank supposedly converted his stock to preferred stock. preferred stock has no voting rights in most states, only common stock has voting rights (not sure about washington state though). in order to raise the actual shares, the corporation needs to get shareholder approval. i do not remember voting on this- anyone else? if the shares were raised, they were raised without our permission and we do have a legal issue
There was a recent PR that said that 100% of QTN was owned by holders of QBID COMMON stock. I don’t see it on the QTN web site now.
If the above is a true statement, then either Frank never converted his shares to preferred shares and is in the same boat with the rest of us, or he doesn’t own any QBID stock (cashed out?).
Maybe that is why I can’t find that PR anymore (it was wrong, and/or would incriminate Frank).
I am contacting your company because of its current relationship or potential relationship with Q Television Network (QTN). QTN has been less than forthcoming with its investors regarding its operations, ownership, and corporate structure. Yet, they release statements that continue to encourage people to invest in its company. Every investor has the duty to do their own research and make their own decision on whether to invest; however, QTN has made statements, which impair the ability to make a reasonable decision.
With that being said, I know you'll perform your own due dilligence in working with a company that would treat its shareholders in such a manner. Be sure you visit the Public Access to Court Electronics Records (PACER) website at http://pacer.psc.uscourts.gov/pacerdesc.html and look up Frank Olsen, Frank Olson, Q Television, and Triangle Multi-Media to view any lawsuits that have been brought against the CEO and the corporation. I can not stress the importance of doing this step.
Sincerely, (your name here)
Cc: SelecTV (information*selectv.com) DirecTV Group (investorsrelations*directv.com) RCN Corporation (cabletv*rcn.com) Bright House Networks: Bakersfield (bakersfield.customercare*mybrighthouse.com) Birmingham (birmingham.customercare*mybrighthouse.com) Central Florida (cfl.customercare*mybrighthouse.com) Indiana (indiana.customercare*mybrighthouse.com) Michigan (michigan.customercare*mybrighthouse.com) Tampa Bay (tampabay.customercare*mybrighthouse.com) Wellington (sfl.customercare*mybrighthouse.com) PrideVision TV (inquiries*pridevisiontv.com) PlanetOUT (IR*planetoutinc.com) Viacom International Inc. (investor.relations*viacom.com) Carol Hinnant (carolh*qtelevision.com) Gayle Hanrahan (gayle*qtelevision.com) Cory Sher (cory*qtelevision.com) Frank Olsen (franko*qtelevision.com) Richard Brown (staff*equityrelations.com) Kristien Brada-Thompson (kristien*prioritypr.net) Sharon Cohen-Hagar (Sharon.cohen-hagar*verizon.com) Gay Games Federation (info*gaygames.org)
quote:Originally posted by Jennifercd10: I just sent this out...
Mr. Frank Olsen CEO Qtelevision Network
I would like to voice my concern for, and the need for, transparency in TMM. Would you please start a web page with all the financials so us investors will have the information we need to make a informed decision regarding QBID. I own over a quarter of a BILLION shares as do my friends. We are believers in your dream and want to feel that we are a part of QTN and not just an appendage.
quote:Originally posted by Bigrod40: Doc and Imak have been put into the Witness Protection Program. Frankie Boy has been looking after the paper work for them. He paid to have them hidden with 10 Billion shares.
If I were you I would stop smoking whatever it is you are smoking
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by Bigrod40: Doc and Imak have been put into the Witness Protection Program. Frankie Boy has been looking after the paper work for them. He paid to have them hidden with 10 Billion shares.
If I were you I would stop smoking whatever it is you are smoking
Believers in your dream??? More like NIGHTMARE!
-------------------- All men's gains are the fruit of venturing.
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