posted
yeah i dont recognize it either. searches turn up nothing. im not sure if it's even a q tv number. thanks for the help, im just trying to figure out if 760-778-5896 was ever a contact # for Q or if someone created it falsely.
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posted
All, I saw this article and not that it is timely, but I've heard people talk about lawsuits here and thought that this was appropriate....
Shareholder Lawsuits Not Path to Riches Friday March 24, 5:16 pm ET By Ellen Simon, AP Business Writer Class-Action Shareholder Lawsuits Aren't the Best Way to Change a Company's Bad Behavior
NEW YORK (AP) -- Suing: it's the American way. But when it comes to shareholder lawsuits, it may be time to reconsider.
Class-action shareholder suits remain a popular fixture in courts throughout the land, although they very rarely pay shareholders much of anything. Nor are they a stellar way to change a company's bad behavior.
ADVERTISEMENT Some might argue the lawsuits serve as a deterrent to bad behavior. That's a hard sell: Because there are so many lawsuits, they carry little stigma. That shareholder suits will almost immediately follow a company's bad news is now a matter of custom. In the last few weeks, shareholders sued H&R Block Inc., Northfield Laboratories Inc. and Bausch & Lomb Inc., to name just a few.
There were 182 federal securities fraud class actions in 2005, according to the Stanford Law School Securities Class Action Litigation Clearinghouse, which keeps numbers in cooperation with Cornerstone Research, a consulting firm that does financial and economic analysis in commercial litigation.
The suits are hardly a path to riches for shareholders. Consider Milberg Weiss Bershad Hynes & Lerach, the law firm that was lead or co-lead plaintiff in more than 50 percent of federal shareholder suits settled from 1997 to 2004.
The firm's median settlement as a percentage of the estimated damages in each case was 3.7 percent, according to Cornerstone. Other firms didn't do much better: The median for the top 10 firms was also 3.8 percent.
So, if you lost $10,000 when your stock declined and you proceeded to join a class-action sheparded into federal court by the biggest names in the field, you might get a whopping $380 when the case was settled.
Except you won't.
The lawyers customarily take one-third of the settlement.
And who pays for the settlement? Maybe the company's insurer, so the company's rates go up, cutting into profits.
Or maybe the company itself pays. That would be a vindication, unless you still own the stock, in which case, "You may be suing yourself, in a sense," said Cindy Ma, vice president of National Economic Research Associates Inc., an economic consulting firm that studies shareholder suits.
Stanford just counts the federal suits. Another wave of suits can hit companies in state court. Do shareholders do better there?
No.
Robert B. Thompson and Randall S. Thomas, both law professors at Vanderbilt University Law School, studied 1,000 corporate ficuciary duty cases filed in Delaware state court between 1999 and 2000. Because of its laws favorable to business, Delaware is a popular state for companies to incorporate in.
Of all the litigation at the state level, "the only real dollar recovery occurs in one subset: cases against controlling shareholders who squeeze out the public shareholders at too low a price," Thompson said.
Even those cases have a lottery-like element to them. Litigation is brought in about 150 such cases a year; cash recovery occurs about 20 percent of the time. Still, the settlements in these cases count for roughly 80 percent of all state-court corporate law settlements.
As Cindy Ma sees it, "There has to be a better way to prevent fraudulent activity."
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posted
Frank may have kept that office to start his next endevour.
remember he has in the past stated that he wants to start a gay porn network.
maybe this was part of the deal. he gets out, keeps the office, starts a new corporation and a new company.
time will tell.
Rod
quote:Originally posted by Bottomliner:
quote:Originally posted by mikensay: That's just great.
Regarding Frank still being at the Palm Springs office:
I finally got through. Maybe their lines were tied up by guys like us calling them suddenly ... but I got the same answers King did.
Initially I asked for Lloyd Fan and was told no one by that name was there. So I asked to speak to Frank and was told he was only taking calls from certain people because he was "too busy" to speak to anyone else. I said I had talked with him in the past and hoped he had a minute for a couple shareholder questions ... and the guy said Frank "won't talk to any shareholders". He added that Frank gives them a list of people he will take calls from each day, but then said I could try to call back tomorrow. (?)
Although I don't like this new discovery, I don't think we should "assume" anything yet. There could be many logical reasons for it.
So, I will continue to remain objective ... although I don't like this situation any better than anyone else.
-------------------- 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.
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posted
well i would like to see a picture of him or an interview from a reputable news source. I would also like to see Washington State records reflect Mr Fans name.
has anyone explored the possibilities of a legal name change. it is possible that Frank legally changed his name, and reappointed himself as CEO?
i know that is a far fetch, but it is making me nervous that we still really know nothing about this mr Fan.
this is all speculation of course.
this is my take on things.
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.
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quote:Originally posted by Penny-Trader: well i would like to see a picture of him or an interview from a reputable news source. I would also like to see Washington State records reflect Mr Fans name.
has anyone explored the possibilities of a legal name change. it is possible that Frank legally changed his name, and reappointed himself as CEO?
i know that is a far fetch, but it is making me nervous that we still really know nothing about this mr Fan.
this is all speculation of course.
this is my take on things.
rod
LOL, I wondered that back on page 11
Makes ya wonder eh!
LEO Member
Member Rated: posted March 12, 2006 02:30 PM -------------------------------------------------------------------------------- Here's a far-fetched speculation MM; Mr. Fan is another of Olsen's (Olson's) long list of supposed aliases. -------------------------------------------------------------------------------- Posts: 971 | From: Las Cruces, NM | Registered: Apr 2005 | IP: Logged |
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quote:Originally posted by suzainiee: ... Wonder if Frank paid the P.S. rent in advance?
suz I think there are many logical reasons for what we've discovered today, including the likelihood that Q and/or Frank has time left on a lease for the Palm Springs facility and that Q and/or Frank is going to stay there until forced to move out.
Also possible is that Q is still transitioning from one location to another.
As for Frank, it is very common for a company to provide office space for former execs. Or Frank's name may be on the lease, so he's using it.
I'm just trying to be objective ... since we don't really know what the truth is. And like Penny-Trader said tonight, I would really like to see a documented interview with Mr. Fan ... or at least a bio on him done by an objective source.
Maybe we can encourage one of the many gay magazines to do an interview with him.
-------------------- Everything I say is only my opinion ... right or wrong.
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posted
Everbody keeps asking if Frank the Fraudster is still in QTN or not... isn't this one of Richard Brown's responsibilities - to keep investors up to date on public information. He should be the one to verify whether or not Frankie the Fraudster is still involved. Maybe Frankie the Fraudster is still around in a "consultive" role? This is a common during take overs and/or buy-outs. Former execs stick around for a year or so until the transition is fully complete.
Or maybe Frankie the Fraudster is being kept around to teach Lloyd how to "write" PRs, begin start-ups, hide/transfer assets, and especially important - how to scam investors of their hard earned money. LOL!
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Ameritrade Streamer shows high of the day at .0003, and Yahoo shows that a trade of .0003 for millions of shares went through at the opening bell. Anyone have more info on this?
-------------------- Everything I say is only my opinion ... right or wrong.
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quote:Originally posted by Bottomliner: Ameritrade Streamer shows high of the day at .0003, and Yahoo shows that a trade of .0003 for millions of shares went through at the opening bell. Anyone have more info on this?
posted
From Allstocks: 0.0001 4401000 OTO 09:32:50 0.0001 8000000 OTO 09:32:49 0.0001 3000000 OTO 09:32:37 0.0001 3000000 OTO 09:32:37 0.0001 3000000 OTO 09:32:37 0.0001 1000000 OTO 09:32:36 0.0001 1000000 OTO 09:32:36 0.0003 500000 OTO 09:32:35 0.0001 6000000 OTO 09:32:26 0.0001 9000000 OTO 09:32:26 0.00 950000 OTO 09:31:59 0.00 20000 OTO 09:31:55 0.0001 5000000 OTO 09:30:56 0.0001 1000000 OTO 09:30:46 0.00 35000 OTO 09:30:42
Or maybe Frankie the Fraudster is being kept around to teach Lloyd how to "write" PRs, begin start-ups, hide/transfer assets, and especially important - how to scam investors of their hard earned money. LOL!
Two years ago, QBID released that PR with very similar phrasing found in another company's release--we yelled.
I wholeheartedly welcome plagiarism for a PR like the one that follows: (Have shares--not advising anyone to buy.)
SANTA MONICA, Calif., Mar 29, 2006 (PRIMEZONE via COMTEX) -- Zeros & Ones, Inc. (Pink Sheets:ZROS) today filed its Form 10-KSB for the fiscal year ended December 31, 2005, and in doing so announced its Plan of Operations with respect to its status as a publicly held company. Under new management, the Company has completed audits of its operations from 2003 through 2005 in compliance with requirements of a fully reporting company. The Company also intends to comply with the reporting requirements of Bulletin Board companies despite currently being listed on the Pink Sheets. "This is an important step for the Company on its way to relisting on the Over-the-Counter Bulletin Board and maintaining accurate and timely reporting controls and procedures," said the Company's Chairman and CEO, Mark Laisure. "We fully intend to take all steps necessary in order to regain listed status. In addition, the Company is working to complete previously announced acquisitions as part of its growth through acquisition strategy."