quote:Originally posted by Doctoall: HELP WANTED: Okay so you all know that we are planning on having a meeting in Burbank with "Q" on Thursday Jauary 12th 2006.
However, to date that have not given us a specific time for the meeting. We are asking that throughout today and tomorrow, you give a call to "Q" in Burbank and Palm Springs and remind them about the meeting on Thursday.
In order words please help us to keep the pressure on them. Please call the following numbers and if you cannot get through to Frank, Rene or Randy, then leave messages telling them that you expect the meeting to take place and you want to know the time.
The numbers are: Burbank: 1-818-848-5800 Palm Springs 1-760-323-4455.
It may not help but the effort would be appreciated, let them know that today is the day we want answers.
-------------------- Sometimes the poorest man leaves his children the richest inheritance. Posts: 804 | From: Woodbridge, Va | Registered: Aug 2005
| IP: Logged |
The common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information.
GAAP are imposed on companies so that investors have a minimum level of consistency in the financial statements they use when analyzing companies for investment purposes. GAAP cover such things as revenue recognition, balance sheet item classification and outstanding share measurements. Companies are expected to follow GAAP rules when reporting their financial data via financial statements. If a financial statement is not prepared using GAAP principles, be very wary!
That said, keep in mind that GAAP is only a set of standards. There is plenty of room within GAAP for unscrupulous accountants to distort figures. So, even when a company uses GAAP, you still need to scrutinize its financial statements
Posts: 1124 | From: DC/VA | Registered: Jul 2005
| IP: Logged |
posted
CORRECTING and REPLACING Q Television Network Adds Several Hundred Million Dollars in Assets to Triangle Multi-Media's Bottom-Line 1:06p ET January 10, 2006 (Business Wire) First graph, first sentence and second graph, second sentence of release should read xxx in accordance with GAAP (sted in accordance with SAAG).
The corrected release reads:
Q TELEVISION NETWORK ADDS SEVERAL HUNDRED MILLION DOLLARS IN ASSETS TO TRIANGLE MULTI-MEDIA'S BOTTOM-LINE
Triangle Multi-Media (Pink Sheets:QBID) announced today that, in accordance with GAAP, Triangle Multi-Media will start accounting for Q Television Network as a 100% wholly owned subsidiary. This means Triangle Multi-Media common shareholders own one hundred percent of Q Television Network's (QTN) total asset base, including its contracts with Time Warner, Cox Communications, RCN and Australia's SelecTV, as well as advertising revenue, tangible property, subscriber base and an independent audited film library worth over several hundred million dollars.
"Q Television Network has been operating as an independent entity and held in its entirety since it was incorporated. QTN will be accounted for as a wholly owned subsidiary of Triangle Multi-Media in accordance with GAAP. Triangle Multi-Media common shareholders control one hundred percent of Q Television Network," said Frank Olsen, CEO of Triangle Multi-Media and Q Television Network. "Up to thirty percent of QTN may be used for future financing and debt. With the accelerated growth of QTN, management felt it was time to formally announce this to QBID shareholders," added Olsen.
About Q Television
This 24/7 premium television network is organized to create, develop and feature television programming for the gay and lesbian community, including live & interactive content every weeknight, plus sports, information and entertainment. While the company expects much of its subscriber base to be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public.
The company's programming is available on a subscription basis to those desiring to subscribe. The monthly fee varies by region of the country. The network is telecast 24 hours per day, 7 days per week and features a variety of live and original programming. Q Television is available on such blue chip cable systems as Time Warner, Cox Communications and RCN, among others, with availability approaching 3 million digital cable households in the U.S. Q Television Network is the official network of Gay Games(r) VII. The network is also ad-supported. For further information on programming and subscriptions, please visit www.qtelevision.com.
SOURCE: Q Television Network
for Q Television Network Media Contact: Jim Strzalkowski, 818-338-3555 jim*prioritypr.net or Investor Relations: Richard Brown, 617-314-7379 Staff*EquityRelations.com
-------------------- life is short..go for the long shot and ride it all the way home... Posts: 154 | From: nyc | Registered: Nov 2005
| IP: Logged |
posted
Just called the burbank studio. Spoke with the assistant and tried to speak with Marty Giller who was rumored to be the new CEO. After much transferring, i never got to speak with him but the assistant told me that he was not the CEO but an operations manager.
-------------------- 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
| IP: Logged |
Member Rated: posted January 10, 2006 12:26 -------------------------------------------------------------------------------- hey DOC, you know anything about this???a new CEO???
Posted by: brianinsoca In reply to: skunksyard who wrote msg# 206620 Date:1/10/2006 11:16:23 AM Post #of 206731
Good morning everyone. I do not post much, but do lurk.. have been with this stock for two years and change.. I called media city last night,1-818-848-5800, which is in burbank, in the thinking that this is the studio... No one was in, but did get a answering service.. asking if you do not know your party's ext., press six.. I did, and ext. for ceo, Marty Giller, is 214.. not sure what this all means.. any ideas, tia _______________________________________
MillerTime...I called the studio and was informed that Marty Giller was the CEO of the studio before Q became involved...he is now a "tape operator"....ouch!
P.S. If I could type and cut & paste quicker I would have beaten your post...lol.
posted
Frank needs to remind himself that he said Q was gonna be profitable early this year, thus no reason to use QTN assets for financing and debt. I feel its time to tell him so. Also it would be much more appropriate if he would use some of his 53% interest toward those things instead of taking more from the shareholders as usual.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
| IP: Logged |
posted
"Several hundred million dollars" More fluff... if you had a company who's assests rose by a substantial amount, you'd be real specific about that amount, not vague. This is another reason this network scares me.
-------------------- Do not boast about tomorrow, for you do not know what a day may bring forth -- Proverbs 27:1 Posts: 476 | From: East Texas | Registered: Dec 2005
| IP: Logged |
posted
Interesting...did anyone notice this sentence from the the PR"...an independent audited film library worth over several hundred million dollars." Frankie had been telling us over and over that it was worth $1B. When I think several hundered I am thinking $200-300, maybe $400M max. I guess the audit revealed it was worth less that the $1B. I guess eventually we may find out the exact worth when the audit comes out.
Posts: 1124 | From: DC/VA | Registered: Jul 2005
| IP: Logged |
quote:Originally posted by DIGDOUGH: Frank needs to remind himself that he said Q was gonna be profitable early this year, thus no reason to use QTN assets for financing and debt. I feel its time to tell him so. Also it would be much more appropriate if he would use some of his 53% interest toward those things instead of taking more from the shareholders as usual.
quote:Originally posted by Dew-it: Interesting...did anyone notice this sentence from the the PR"...an independent audited film library worth over several hundred million dollars." Frankie had been telling us over and over that it was worth $1B. When I think several hundered I am thinking $200-300, maybe $400M max. I guess the audit revealed it was worth less that the $1B. I guess eventually we may find out the exact worth when the audit comes out.
Dew-it I might be wrong, but I believe Frank said TMM assets were one billion $ ... not just the film library. Can anyone confirm that quickly and save me a bunch of research time?
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
| IP: Logged |
quote:Originally posted by RNINALVNG: MillerTIME Member
Member Rated: posted January 10, 2006 12:26 -------------------------------------------------------------------------------- hey DOC, you know anything about this???a new CEO???
Posted by: brianinsoca In reply to: skunksyard who wrote msg# 206620 Date:1/10/2006 11:16:23 AM Post #of 206731
Good morning everyone. I do not post much, but do lurk.. have been with this stock for two years and change.. I called media city last night,1-818-848-5800, which is in burbank, in the thinking that this is the studio... No one was in, but did get a answering service.. asking if you do not know your party's ext., press six.. I did, and ext. for ceo, Marty Giller, is 214.. not sure what this all means.. any ideas, tia _______________________________________
MillerTime...I called the studio and was informed that Marty Giller was the CEO of the studio before Q became involved...he is now a "tape operator"....ouch!
P.S. If I could type and cut & paste quicker I would have beaten your post...lol.
From a CEO to a "Tape Operator" hmmm....might wanna double check on that MT.
Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
| IP: Logged |
posted
I was partially wrong... in 9/15/05 shareholder communication on QTN website he states $2B! I only posted part of it - but its on the QTN investor page (see below) BUT during the last CC he told uas $1B
" This has allowed us to buy production studios in Burbank, California worth $25 million, a film library worth $2 billion - I’m aware it’s difficult to wrap your arms around a figure that high for our library, but the value of a library is for an indefinite amount of time and is calculated by monthly rental revenue and the high turnover each movie gets from different networks leasing them out. "
quote:Originally posted by Bottomliner:
quote:Originally posted by Dew-it: Interesting...did anyone notice this sentence from the the PR"...an independent audited film library worth over several hundred million dollars." Frankie had been telling us over and over that it was worth $1B. When I think several hundered I am thinking $200-300, maybe $400M max. I guess the audit revealed it was worth less that the $1B. I guess eventually we may find out the exact worth when the audit comes out.
Dew-it I might be wrong, but I believe Frank said TMM assets were one billion $ ... not just the film library. Can anyone confirm that quickly and save me a bunch of research time?
posted
Forgive me for being a Cynical, Pessimistic, Fatalist, but I just don't believe that "SAAG" was an error. IMHO he was trying to avoid commitment to conformity to GAAP.
ps Doc I also called, claimed I was trying to book a flight for the meeting, nada.
"BlackWidow Member
posted 10 January, 2006 08:13
SAAG? Frank's tummy?
Sorry if he were ACTUALLY trying to conform to an accounting standard, it would be GAAP, Generally Accepted Accounting Procedures. I think this is another step in the Frank Olsen boogie. "
Posts: 260 | Registered: Mar 2005
| IP: Logged |
posted
The Library has 2 different values. One is what the market is willing to pay for it, and the other is potential revenues over a given period of time. In either case I am sure Frank over valued it.
quote:Originally posted by Dew-it: I was partially wrong... in 9/15/05 shareholder communication on QTN website he states $2B! I only posted part of it - but its on the QTN investor page (see below) BUT during the last CC he told uas $1B
" This has allowed us to buy production studios in Burbank, California worth $25 million, a film library worth $2 billion - I’m aware it’s difficult to wrap your arms around a figure that high for our library, but the value of a library is for an indefinite amount of time and is calculated by monthly rental revenue and the high turnover each movie gets from different networks leasing them out. "
quote:Originally posted by Bottomliner:
quote:Originally posted by Dew-it: Interesting...did anyone notice this sentence from the the PR"...an independent audited film library worth over several hundred million dollars." Frankie had been telling us over and over that it was worth $1B. When I think several hundered I am thinking $200-300, maybe $400M max. I guess the audit revealed it was worth less that the $1B. I guess eventually we may find out the exact worth when the audit comes out.
Dew-it I might be wrong, but I believe Frank said TMM assets were one billion $ ... not just the film library. Can anyone confirm that quickly and save me a bunch of research time?
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
| IP: Logged |
posted
We may see 3B. I dont recall any Pinkie besides CMKX with this kind of crazy volume - I know, I know (before I get slammed) but facts are facts.
posted
If I recall correctly, I believe someone on Ihub board mentioned they had talked to someone at Q or with Richard...at the time the info/theory was that the film library actual valuation was the purpose for dealy in audit. Anybody recall that post??
Posts: 1124 | From: DC/VA | Registered: Jul 2005
| IP: Logged |
posted
If the Volume doesn't create a price increase, it is irrelevant. Unil the PPS goes up, it really doesn't matter how exciting the PR's are or how high the Volume is. If everything is at it appears to be with this stock, it should be in the penny range... it isn't even heading that direction.. why?
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
| IP: Logged |
posted
[QUOTE]Originally posted by Dew-it: [QB] I was partially wrong... in 9/15/05 shareholder communication on QTN website he states $2B! I only posted part of it - but its on the QTN investor page (see below) BUT during the last CC he told uas $1B
" This has allowed us to buy production studios in Burbank, California worth $25 million, a film library worth $2 billion - I’m aware it’s difficult to wrap your arms around a figure that high for our library, but the value of a library is for an indefinite amount of time and is calculated by monthly rental revenue and the high turnover each movie gets from different networks leasing them out. "
For the amount of time I plan to be invested in TMM, I am satisfied with this projection. Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
| IP: Logged |
posted
I would normally say it was dilution, but today is the damndest day.
We are about to trade 3 billion shares and might even close up a tick. It it were someone dumping it wouldn't have moved up at all but more than likely gone down a tic, right?
So is this a good sign, bad sign, or what?
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
| IP: Logged |
posted
What about Toxic Financing? If that is in place with this stock, it explains alot. The question is, does it ruin our investment.
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
| IP: Logged |
posted
PR of the QTN libaray purchase from ValCom - it states potential of only 6 figures a year of anticipated income...
Tuesday, May 24, 2005 Q Television Network Acquires Extensive Film Library
Partners with ValCom, Inc. to Purchase 143 Films
PALM SPRINGS, Calif. – May 24, 2005 – Q Television Network (Pink Sheets: QBID) announced today that it has finalized an agreement with ValCom, Inc. (OTC Bulletin Board: VACM; Frankfurt XETRA: VAM) to acquire a comprehensive video library. Q Television Network is now the exclusive distributor of the entire 143 film video library, and intends to market the videos on a worldwide basis.
Q Television anticipates the video library will bring six figures of revenue a year to the company , since the agreement gives Q Television worldwide distribution and sales rights for the library, which includes drama, comedy, romance, made-for-television, and feature films. Aside from bringing in revenue, the films will be used as a barter position to accumulate more gay and lesbian television content. With worldwide rights, Q Television will be able to barter for films distributed internationally, including Germany and Australia.
“This is a great deal for us as we are always looking for ways to increase revenue and to partner with quality entertainment companies like ValCom. In addition, we have worldwide rights to these films and will sell them in the domestic and international syndication marketplace,” said Frank Olsen, President and CEO of Q Television Network. “Our goal is to always produce quality original programming for the GLBT community, and the revenues from the sale of these films will allow us to produce new shows.”
The library was initially purchased by ValCom in August of 2002 and now Q Television has all rights to the films through this acquisition. “Frank Olsen and Q Television are positioned to be a huge success – he is going to use the revenues from this library to produce more original programming for his network,” said Vince Vellardita, Chairman and CEO of ValCom, Inc. “In my personal opinion, Frank Olsen is clearly the leader in the gay television market – his programming, ideas, marketing, and the team he has developed are way ahead of others in his field. Q Television is a home run.”
Posts: 1124 | From: DC/VA | Registered: Jul 2005
| IP: Logged |
quote:Originally posted by Dew-it: [QB] PR of the QTN libaray purchase from ValCom - it states potential of only 6 figures a year of anticipated income...
ONLY 6 Figures a Year? Hmm.. that can vary from $100,000 to $999,999. Seems the word only isn't appropriate until you know the actual numbers.
Posts: 313 | From: Myrtle Beach, SC USA | Registered: Sep 2004
| IP: Logged |
quote:Originally posted by a4realguy: What about Toxic Financing? If that is in place with this stock, it explains alot. The question is, does it ruin our investment.
Well toxic financing is bad because it can lead to massive dilution, the effects on the stock would be the same. And today doesn't look like dilution to me.
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Smile]](smile.gif)
![[Frown]](frown.gif)
