posted
Lloyd Fan has assumed the role of CEO for QTN and Triangle Multimedia. He is currently mapping out his immediate strategy for rebuilding management and the board. I will be discussing shareholder concerns with him each night for the foreseeable future and when appropriate, he will address the shareholders on his business plan. This process will take some time and I will update all shareholders as information becomes available.
Note: This email will be sent to more than one shareholder.
Regards,
Richard Brown Equity Relations, Inc. 617-314-7379 staff*equityrelations.com www.equityrelations.com Please visit our website for disclaimers and information
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
I think Lloyd should hire a real Investor Relations company/person. Richard Brown is nothing but a joke and is as professional and credible as Frankie the Fraudster. Richard lost ALL credibility with me when he went on RB after a poster called Fistula... That is not what real investor relations professionals do, IMO. Therefore, I am hoping that Lloyd will fire Richard Brown and Equity Relations SOON.
Posts: 1124 | From: DC/VA | Registered: Jul 2005
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quote:Originally posted by Doctoall: Lloyd Fan has assumed the role of CEO for QTN and Triangle Multimedia. He is currently mapping out his immediate strategy for rebuilding management and the board. I will be discussing shareholder concerns with him each night for the foreseeable future and when appropriate, he will address the shareholders on his business plan. This process will take some time and I will update all shareholders as information becomes available.
Note: This email will be sent to more than one shareholder.
Regards,
Richard Brown Equity Relations, Inc. 617-314-7379 staff*equityrelations.com www.equityrelations.com Please visit our website for disclaimers and information
Doc When did you receive this?
-------------------- Your greatest investment is into a peaceful heart. Posts: 699 | From: Tampa, Fl. | Registered: Jun 2005
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posted
Jennifer: I received that e-mail about 2 hours ago from Richard
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
I am going to be in Palm Springs in two weeks, Is anything still housed there or did everything move to Burbank? I would love to poke my head in to at the very least get a feel for attitudes and overall atmosphere under the new management.
Posts: 482 | From: Arizona | Registered: Mar 2005
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posted
What ever or who ever, just get a feel for things and let us know Ligge. gl lol
Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
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posted
So is qbid gonna bust a r/s and trickle back down to .0001? I have a gut feeling about this one and its not a good one.
Posts: 33 | From: Dallas | Registered: Mar 2006
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quote:Originally posted by Robdizo: So is qbid gonna bust a r/s and trickle back down to .0001? I have a gut feeling about this one and its not a good one.
Most do after a reverse split.
Posts: 1271 | From: Sincinnati , Ohio | Registered: Feb 2005
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posted
I was just reading on the PLNI thread and this message reminded me of the old QBID... all you have to do is : replace Turek with Olsen... Semco-Prmold with Cox and RCN.. and we got QBID
quote:Originally posted by needhelp: Maybe Turek is finally learning not to put out misleading PR's and concentrate on the business. I'm still waiting word from that liar about Audit, Buyback then reissuance of new shares with no PR telling us, Semco and Promold finalized deals. Theses are legit questions that the other thread use to try to answer but all threads have cheerleaders who don't look at the score because their eyes are shut. Is their an audit? He's been talking about it for ovcer a year now. I believe in the product not the man running the company.
posted
there is really no good answer to that question.
alot is going to depend on how they do the r/s
if it only effects the outstanding shares and not the approved shares, then it is not a good thing for us.
if they reduce the A/S accordingly and dont dilute anymore then the r/s could be good for us.
it will all depend on what the intent of the r/s is for.
for examble a 35,000- 1 r/s should increase the value of each share to about $3.50 a share. with an A/S of 10 million shares.
this would allow them to move to another exchange if they could hold that value.
but if they where to increase the A/S again and start selling shares, then they are going to see the price drop off rapidly and we will be back to these levels rather fast.
there is a lot to consider. there is no guaranty as to how it would go down, but historically speaking, a r/s usually does not have a good effect on the stock holders.
we are however in a situation where I dont believe that they have any other choice but to r/s.
it would cost this gentleman 10- 15 million to buyback and retire enough to make a buyback worth while, and that would be over and above the money he had to invest to get his majority stake in the company.
anything is possible, but this is very unlikely in my honest opinion.
Rod
quote:Originally posted by DMEK25: If it is anticipated that a r/s would result in an increase in the pps, wouldn't now be a good time to accumulate shares? This is my first stock so I have alot to learn. Been holding Q since it was at .028 and have managed to average down to .0012 with 7.6m shares but my account is still at a 90%+ loss.
-------------------- 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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Gay TV network faces financial crisis QTN names new CEO, as staffers claim they are not being paid
By GREG MARZULLO Friday, March 10, 2006
Q Television Network, one of three national gay and lesbian TV cable channels, announced March 7 that it is replacing its chief executive officer, amid accusations from at least one on-air personality that he and his staff are not being paid.
Lloyd Fan, who served as interim president, will take over as QTN’s new chair and CEO succeeding founding CEO Frank Olsen, according to a news release. Officials from QTN repeatedly declined to comment, deferring to the release.
The release also states that QTN is undergoing a companywide overhaul, including the creation of an entirely new board of directors and the replacement of QTN officers. All board members were relieved of their responsibilities as of March 7.
In early February, QTN laid off much of its production staff and filming stopped for a week. Although production resumed shortly thereafter, paychecks have still gone unpaid, according to Jack E. Jett, co-host of QTN’s pop culture show "Queer Edge."
"The people that worked on my show have not been paid," Jett says. "I haven’t gotten a check in two months."
A statement issued on Feb. 23 from the company’s then-CEO Olsen stated that the entire company was being restructured.
"This could take 3-4 weeks, but everyone will be paid and brought up to date," read the statement. "We deeply regret any inconvenience or hardship this has caused our staff and the gay community."
Jett said the missed paychecks created financial difficulties for his young production team members.
"These kids are living with mom, working off debts," he said. "Some people were not able to pay bills or buy groceries."
JETT HOSTS A weekday show that frequently features bisexual entertainer Sandra Bernhard as a guest star. The show provides programming dedicated to counter culture guests, including musicians, sex workers, actors and performance artists.
"Queer Edge" had a production crew of eight people, which by industry standards is small. Jett said his team was totally dedicated to the show, even coming to work after they were told there were no forthcoming paychecks.
"One of the ladies that runs the place told us to all leave, because [the unpaid workers] were considered a liability," said Jett.
According to Jett, management watched the newly unemployed staff leave the building, ensuring that nothing was taken off the premises, including samples of their own work.
"We’re all a very tight-knit group," he said. "Suddenly, you’re made to feel like a nuisance."
Jett said he never saw the current financial difficulties coming. According to the show host, QTN spent $100,000 on a party at this year’s Sundance Film Festival in Salt Lake City, Utah during the last week of January. By the first week of February, everyone was told programming was on hiatus and paychecks weren’t being handed out.
Q Television Network, a subsidiary of Triangle Multi-media Limited, launched in September 2004, and "Queer Edge" debuted on the network at the same time. The station is available to the public through subscription and programming runs 24 hours every day. The channel is available through Cox, RCN, Time Warner and Bright House networks in Birmingham, Ala., Eureka, Calif., San Diego, Calif., San Francisco, Chicago, New York, and all of Massachusetts, and through satellite with C-Band Intelsat. Both Cox and RCN are minority cable providers in D.C. and northern Virginia. Comcast, the area’s major provider, does not carry the channel.
The station airs gay- and lesbian-related movies, documentaries, news programming and human interest shows. QTN is also the official network of Gay Games VII that take place in Chicago during July.
-------------------- Sometimes the poorest man leaves his children the richest inheritance. Posts: 804 | From: Woodbridge, Va | Registered: Aug 2005
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posted
I am watching the Reichen show and they just said that this is the second day that Dr. Leslie Debrier (the good looking red-head) is back. Maybe things are starting to get better at QTN with Mr. Fan in charge.
-------------------- Sam Posts: 291 | From: San Diego, CA | Registered: Sep 2005
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posted
On Q Live just came on and they announced as part of the show that today is Friday, March 10th, so this is a live show too and looks to be running as usual.
These are the two hosting the show (Robbie Laughlin and Saskia Webber).
-------------------- Sam Posts: 291 | From: San Diego, CA | Registered: Sep 2005
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quote:Originally posted by Sam1959: I am watching the Reichen show and they just said that this is the second day that Dr. Leslie Debrier (the good looking red-head) is back. Maybe things are starting to get better at QTN with Mr. Fan in charge.
-------------------- 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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quote:Originally posted by Penny-Trader: nice good too hear. thanks Sam
has anything been on for ON Q live?
if so has there been any mention of the new CEO?
Rod
quote:Originally posted by Sam1959: I am watching the Reichen show and they just said that this is the second day that Dr. Leslie Debrier (the good looking red-head) is back. Maybe things are starting to get better at QTN with Mr. Fan in charge.
You're welcome. On Q Live was just a normal show (nothing really notable). There was no mention of the new CEO.
-------------------- Sam Posts: 291 | From: San Diego, CA | Registered: Sep 2005
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quote:Originally posted by Sam1959: I am watching the Reichen show and they just said that this is the second day that Dr. Leslie Debrier (the good looking red-head) is back. Maybe things are starting to get better at QTN with Mr. Fan in charge ... On Q Live was just a normal show (nothing really notable). There was no mention of the new CEO.
Thanks, Sam. Good info. Appears that Fan is trying to get Q back on track.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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quote:Originally posted by Doctoall: Lloyd Fan has assumed the role of CEO for QTN and Triangle Multimedia. He is currently mapping out his immediate strategy for rebuilding management and the board. I will be discussing shareholder concerns with him each night for the foreseeable future and when appropriate, he will address the shareholders on his business plan. This process will take some time and I will update all shareholders as information becomes available. Note: This email will be sent to more than one shareholder. Regards, Richard Brown
Thanks, Doc. Good news.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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posted
Hey Rich, if he r/s, thats not all you will start. Unfortunately you'll have to start buying and building your share count up as well. And that thought just burns my ass.
Oh well....if it happens I just hope the share price cheap.
Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
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quote:Originally posted by Penny-Trader: ... alot is going to depend on how they do the r/s. if it only effects the outstanding shares and not the approved shares, then it is not a good thing for us. if they reduce the A/S accordingly and dont dilute anymore then the r/s could be good for us. it will all depend on what the intent of the r/s is for. for examble, a 35,000- 1 r/s should increase the value of each share to about $3.50 a share. with an A/S of 10 million shares. this would allow them to move to another exchange if they could hold that value. but if they where to increase the A/S again and start selling shares, then they are going to see the price drop off rapidly and we will be back to these levels rather fast. there is a lot to consider. there is no guaranty as to how it would go down, but historically speaking, a r/s usually does not have a good effect on the stock holders. we are however in a situation where I dont believe that they have any other choice but to r/s. it would cost this gentleman 10- 15 million to buyback and retire enough to make a buyback worth while, and that would be over and above the money he had to invest to get his majority stake in the company. anything is possible, but this is very unlikely in my honest opinion. Rod
Good points, Rod.
But I don't believe a reverse split is necessary to get Q off the pinksheets, if they just want to move to the OTC Bulletin Board (OB-status). To do that, all they have to do is start reporting honestly. I think this would spike the PPS all by itself.
Many former pinks are now on the OTC-BB and are trading well above a penny. Unfortunately, moving to the OTC-BB doesn't guarentee a PPS spike, but being a reporting company does open the door to many positives.
I believe that moving to a higher exchange such as NASDAQ, however, would require a PPS of at least $1.00 for a continuing period of time. I don't know why Q would want to move any higher than the NASDAQ, since it has as much status as the NYSE, and moving to the American or NYSE would require jumping a lot more hurdles. In my opinion, the NASDAQ should be Q's primary goal ... but not too quickly.
I think Q should just concentrate on being a reporting company as soon as possible, WITHOUT a reverse split. Then let the PPS gravitate to a true value naturally. After regaining corporate credibility, Q can then do what is needed to move from pinksheets to the OTC-BB. After that, it depends on Q's true success. If the Gay Games are good for them, we could see rapid improvement soon afterward.
My theories (and that's all they are) are based on my concern about artificially manipulating the PPS just to move to another exchange. Any manipulation seems a bit dishonest to me, although I understand why it can be necessary.
But for now, any manipulation of Q's reputation is a negative. All they really have to do is confirm their status as an emerging network and prove they have the horsepower to pull it off. Frank and staff apparently were the weakest links in Q's success, and our future with Q now depends on Fan's honesty and his ability to fix a lot of problems. The last thing I want to see is more artificial repairs for the sake of appearances.
I still like Frank's dream, although it appears he screwed it up. Let's hope that the dream was real and that new management can make it happen.
Just my opinion, everyone. I still own shares and will continue to think positively because dumping shares now does not make sense to me. Therefore, I will continue to "believe" my Q investment has a chance for success. But I also won't be buying new shares until I see a light at the end of the tunnel ... and can confirm that light is not a freight train heading my way.
GL to all.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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very nicely written and thought out. I agree with you 100%. i was not considering a move to the OTC when i wrote that message, but you are absolutely right.
just being honest about the books and reporting, even if the company is going through some rough points, is going to yield a higher pps then it is now, just because people can assess thier risks better with the numbers.
right now they have no numbers no info so they have to assume the worst value on the company and hence our current pps.
thanks for taking the time to put that all together and posting.
You are greatly appreciated for your common sense.
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
| IP: Logged |
-------------------- 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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Sorry. I wasn’t paying real close attention to their conversations, and I’m not very good at current events anyway. One of their guests had “Just come back from Sundance,” and my understanding (from their web site) is that the Sundance Film Festival ended January 29th. That made me wonder if parts of the show had been recorded earlier – but they did announce the date at the beginning of the show as Friday, the tenth of March.
-------------------- Sam Posts: 291 | From: San Diego, CA | Registered: Sep 2005
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posted
If we had a r/s of 5000-1 asuming the float is 50 bil that would make the float aprox 10 mil which is up there with Microsoft. MSFT has the largest float of any NSYE stock and Q would skyrocket with a float like that imo.
Posts: 264 | From: oregon | Registered: Mar 2004
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posted
no the price per share would drop because tha artificial bottom .0001 wont let this stock move to it's true value..000001
Posts: 203 | From: Renton, WA | Registered: Jan 2006
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posted
I agree, pappy, a r/s should increase the pps.
However, after the profit taking..........we could begin to look like the same song, second verse stock.
Frank has pushed us into a situation of perception over reality--we don't know the o/s or anything other than what is on the air, and the published contracts.
I also agree with bottomliner.
IMO, the best way to build confidence in this company would be to avoid r/s and open the books.
Providing a detailed financial plan for investors to see strategic steps for a steady increase in the pps would be our new starting point.
That would demonstrate that Mr. Fan is cognizant of the need to build and to maintain a positive relationship with loyal investors/viewers--present and potential.
Without a Trace ended their show last week with two female lovers kissing. As more networks provide more diverse programing, Q will need to offer more than just programing for a targeted audience.
We are getting more competition every day.......
New CEO's always come in and clean house. A fresh start is expected. This time, how about a fresh start without the causalities?
How they accomplish the restructuring with Q could be equally important as the financial plan.
Fan needs to mend fences and stop the rumor mill!
IMO, he will need to develop a positive relationship within his targeted community and with all other investors, too.
As an example, look at Steve Jobs relationship to Apple investors--they trust him.
Again, IMO, probably two to four years may be needed for QBID to reach its stride. Big business will want to see results after these two years of promises and wild rumors.
Mr. Fan's business experience would include financials, negotiations and client relations,contracts, strategic plans and decisions.
A large part of QBID'S base goes beyond business the as usual.
From information posted on boards and statements from Frank, Q's employees and many of the investors have a personal committment to Q.
Frank's approach was much more about personal promises and much less about business (unfortunately).
Dismissed workers almost always feel a sense of betrayal and anger even with compensation for work--without compensation, think postal.
Aside from financial interventions, there needs to be treatment of the wounds inflicted on them and good-faith efforts to promote trust and healing--that could bring closure to the Frank era.
The last thing that Q needs is constant horror stories circulating from angry past employees and vendors.
We need more than a new chapter--we need a new book that truly values the employees and the investors. We need the stain erased from our reputation.
Even if the employees are paid for their past services, would they want to work there again without actually seeing the books?
Plus, if they were also paid with stocks, an r/s would be just more fuel on the resentment fires.
Can QBID rise from the ashes?
With POSITIVE steps to address all of the issues, it could move past this stumble and draw strength from its problematic past.
Much depends on Mr. Fan's understanding of the complexities of this stock, his values and the depth of his pockets.......
He probably has not had sufficient time to complete an audit or a plan.
Just an acknowledgement of the investors situation and his committment to addressing these issues in a fair, progressive manner could begin the building process.
posted
We do know the share count is 350 bil, and shares are being sold down to .0000 by the owner of the company.
Posts: 203 | From: Renton, WA | Registered: Jan 2006
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