The weekend’s most unexpected treat: spending a few minutes with intriguing TV producer and personality Honey Labrador, who was on-site at the Riviera shooting the festivities for QTN. We’ve all been hearing things about Q, but Honey assured me that their troubles are being ironed out, and whatever Honey tells me, I’m taking seriously. Certainly Honey’s Q crew was working hard. Chrisanne Eastwood was schmoozing. Saskia Webber was interacting. Honey’s partner, Alex, was working her B-roll camera all over the place.
-------------------- Sometimes the poorest man leaves his children the richest inheritance.
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The weekend’s most unexpected treat: spending a few minutes with intriguing TV producer and personality Honey Labrador, who was on-site at the Riviera shooting the festivities for QTN. We’ve all been hearing things about Q, but Honey assured me that their troubles are being ironed out, and whatever Honey tells me, I’m taking seriously. Certainly Honey’s Q crew was working hard. Chrisanne Eastwood was schmoozing. Saskia Webber was interacting. Honey’s partner, Alex, was working her B-roll camera all over the place.
That sounds promising. Thanks for posting!
I think my tantrum passed. Come on Q.
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The weekend’s most unexpected treat: spending a few minutes with intriguing TV producer and personality Honey Labrador, who was on-site at the Riviera shooting the festivities for QTN. We’ve all been hearing things about Q, but Honey assured me that their troubles are being ironed out, and whatever Honey tells me, I’m taking seriously. Certainly Honey’s Q crew was working hard. Chrisanne Eastwood was schmoozing. Saskia Webber was interacting. Honey’s partner, Alex, was working her B-roll camera all over the place.
Thanks, Wangdo. Very interesting. We need something positive for a change.
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posted
The only way this story is going to end is with a LAWSUIT! And thats fine with me. Maybe I can recoup some of my losses in this disaster. Hopefully they can fine wrongdoings with Frank and put him in jail.
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Also someone mentioned earlier about Select TV being a start-up, I think we should look into how this kind of business start-up "in Australia" compares to starting up in the US.
My point is that I would like to think that our research may prove Australia's acceptance of "gay television" would be much wider and faster than the US., meaning SelectTV could be the beginning of success and profitability. jmo
...the first stepping stone so desparately needed.
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No offense but what is the point now? Now, please take this with a grain of salt… If you really wanted to be helpful - then you and doc should have posted everything positive and negative immediately afterwards the "visit" and let investors decided whether or not to invest in Frankie the Fraudster’s scam.
IMO this info is too late and irrelevant. I have believed in my mind that you and doc were given the nickel and dime tour and you guys along with the whole world were deceived. The difference between you guys and us investors is that you were actually lied to in the face, which obviously is no problem to Frankie the Fraudster.
Anyhow, I recall many posters here were literally begging you guys to post info and in IMO, many naïve posters/investors assumed all was honky-dory with Q and Frankie because of your silence. You guys never revealed anything, and honestly that was your right, but I believe your actions misled many here and I don’t think that was very cool. Now, in your defense, to all those that invested because of false pretenses implied by you and doc – that is their problem – they/we are all adults, period.
Anyhow, you obviously don't need my or anyone else’s permission and of course you are entitled to post as you please. I just think it adds insult to those that believed in you and doc, but hec, if you can live with it, cool and like I said before - we are all adults and responsible for our own actions, right?
quote:Originally posted by imakmony2005: OK, Guys and Gals im going to post the whole roadtrip myself and DOC had,just some hints like they Called me on the way there and did not want me there,They paid for where we stayed ECT. GIVE ME SOME TIME AND IM GONNA PUT IT ALL OUT THERE.EVEN THE PAPER WORK I LEFT Q WITH.
posted
Thanks Wango but i have to ask you for proof of this info!!
OH WAIT YOU PROVIDED IT!!!!!
OK im still skeptical of this, and im not going to say this is a good sign, even if it is, i have to question this so that i can question the negative info as well.
The weekend’s most unexpected treat: spending a few minutes with intriguing TV producer and personality Honey Labrador, who was on-site at the Riviera shooting the festivities for QTN. We’ve all been hearing things about Q, but Honey assured me that their troubles are being ironed out, and whatever Honey tells me, I’m taking seriously. Certainly Honey’s Q crew was working hard. Chrisanne Eastwood was schmoozing. Saskia Webber was interacting. Honey’s partner, Alex, was working her B-roll camera all over the place.
posted
and exactly what do you think you are going to recoup from a lawsuit from a company that cant pay its tallent?
if that is your attitude, you should put in a market order and get what you can out of your shares.
i guarantee you will get more money that way then you will ever recoup from a lawsuit.
look at CMKX what did anyone get out of that mess? nothing but a tax reciept for a lawyers bill.
sorry but i think i will take my chances and let Fan try and fix the problem.
thanks for your advice, oh and could you provide me some examples where a lawsuit on a pink ever recouped any losses? please provide me the links to any info showing any recouped loss from a lawsuit on a pink and we can then have a logical discussion on this subject.
thanks in advance for your time Rod
quote:Originally posted by casviper: The only way this story is going to end is with a LAWSUIT! And thats fine with me. Maybe I can recoup some of my losses in this disaster. Hopefully they can fine wrongdoings with Frank and put him in jail.
posted
ok DEW -IT, If you want me to PM you the roadtrip info PM me and when i write it you will get a copy,DEW-IT the info was all good when we were there hell i got 10 million more shares after the visit but looking back we got screwed, by randy, richard, and frank.
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posted
I have phone calls in to Carol Hinanat and Richard Brown, and im hoping they are going to call me back. I however am not holding my breath as Richard has never called me back in the past, and he has only ever returned one email message ever.
I know he is swamped with email and phone calls, but there is no excuse for not getting back at least on the emails. I can understand his time limitations on phone calls but to not answer emails is sending out a terrible statement to people.
If for some strange reason, either do happen to return the calls, i will post what they have to say.
thanks to everyone out there that have been digging up info. I have been working some really long days in the last week and have not had the time to do the digging myself that i would normally do. I appreciate everyones work here.
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: I have phone calls in to Carol Hinanat and Richard Brown, and im hoping they are going to call me back. I however am not holding my breath as Richard has never called me back in the past, and he has only ever returned one email message ever.
I know he is swamped with email and phone calls, but there is no excuse for not getting back at least on the emails. I can understand his time limitations on phone calls but to not answer emails is sending out a terrible statement to people.
If for some strange reason, either do happen to return the calls, i will post what they have to say.
thanks to everyone out there that have been digging up info. I have been working some really long days in the last week and have not had the time to do the digging myself that i would normally do. I appreciate everyones work here.
Rod
Until you prove that you are Canadian, I don't think that we can trust anything you say!
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When a company nears insolvency, a bankruptcy reorganization is a tool creditors use to protect their interests. But what happens if bankruptcy is wielded as a weapon?
That's the basic question underlying the latest frontier of shareholder activism, in which stockholders -- who are usually big losers in Chapter 11 proceedings -- try to defend themselves through the formation of court-recognized equity committees.
Shareholders are usually wiped out when a company seeks bankruptcy protection. That's because their claims come behind those of anyone who has lent the company money, such as bondholders and preferred stockholders. It's part of the bargain stockholders live with: Their upside is theoretically unlimited, but few tears will be shed for them in the event a company goes under.
Still, some hedge fund activists say that system is ripe for abuse. Called distressed investors, these pros take positions in risky stocks -- even one where the threat of bankruptcy looms -- because they see value in the company after its debts are paid. Part of their argument is that creditors sometimes force bankruptcy on companies when a less radical restructuring would suffice. A shareholder committee makes sure creditors aren't making out too well in the reorganization.
"At the negotiation table, it's possible that a company could be found solvent," says Robert Stark, bankruptcy partner at law firm Brown Rudnick. "The enterprise value is to a degree subject to opinion."
Getting a judge to appoint an equity committee is a big deal for stock investors. "Without an equity committee, shareholders get nothing," says one hedge fund manager specializing in distressed investing. "With it, shareholders get something. How much? It depends on the valuation and the negotiation."
Recently, David Tepper, founder of the hedge fund Appaloosa Management, made headlines after seeking and obtaining the creation of an official equity committee for Delphi (DPHIQ:Pink Sheets) . The term "official" carries some weight here. It means that the company pays for the legal representation of the shareholders.
"By getting an official equity committee, Tepper was very clever. He got somebody else to pick up his legal bills," says a distressed hedge fund manager. Tepper is also petitioning for the creation of an equity committee with Dana Corp. (DCNAQ:Pink Sheets) .
Experts say that the size and the complexity of bankruptcy cases play a big part in the emergence of equity committees. "It's a trend," says Stark. "Since Enron, WorldCom MCI and Adelphi, cases are getting bigger and more complex, and there has been recognition that shareholders should have rights."
Take Mirant (MIR:NYSE) . The Atlanta-based energy company filed for bankruptcy in July 2003, and within two months an equity committee was established. "Equity investors got warrants within months of the bankruptcy filing, and those warrants turned out to be worth a lot of money," notes a distressed hedge fund manager.
"There is a shift taking place. There were equity committees in the past, but because of the success of Mirant and some other cases, the courts are more open-minded to appoint equity committees," says another distressed hedge fund manager.
Some of those cases include Loral Space and Communications (LORL:Nasdaq) , Trump Hotels and Casinos (DJTCQ:OTCBB) , Interstate Bakeries (IBCIQ:Pink Sheets) and Federal-Mogul (FDMLQ:OTCBB) .
Distressed investing isn't for amateurs. It's a game reserved for sophisticated hedge funds and their bankruptcy lawyers. But some piggybacking is already starting to take place.
That was the case on March 22, when Tepper obtained an equity committee for Delphi. The stock closed at 88 cents the day before and moved up to $1.02 on the announcement. Even if the stock is now down in the 65-cent range, the equity committee is seen as a first step toward value preservation. That's because courts will allow a committee only if there is enough value to cover all the debt and potential value to be given to the shareholders.
"An equity committee gives shareholders a voice. Unless shareholders are unjustified in getting a voice, usually it raises the stock price," says Dan Arbess, founder of Xerion Capital Partners, a distressed hedge fund. He cites the case of Riverstone Networks, the network-router company in which he got involved as an activist and which recently filed for bankruptcy. "In the Riverstone case, the formation of an equity committee and ensuing auction between Lucent (LU:NYSE) and Ericsson (ERICY:Nasdaq) increased value to the shareholders by almost 30%," Arbess says. The auction took place last month, and Lucent bought Riverstone's assets for $210 million.
Some naysayers say that shareholder activism in bankruptcy cases reflects the triumph of lawyers over common sense. "It doesn't make legal sense at all," says a hedge fund manager. "The debt holders are entitled to the assets of the company. If there are enough assets, the company did not need to go bankrupt in the first place. If there is not enough cash, then all the assets should go to the debt."
That's precisely the point activists make. To them, bankruptcies are not final, and sometimes weren't even necessary.
Some activist shareholders -- for instance Tepper in the case of Delphi -- believe their company was rushed into bankruptcy prematurely to the detriment of the shareholders and to the benefit of the debt holders. If there is money left in the company, they will fight to unlock value.
Another argument surrounds the claims on a bankrupt company's assets -- claims that activists believe are often overstated. Many bankrupt companies tend to be old manufacturing businesses with pensions and liabilities. A major thrust of this new breed of activism is that the liabilities can be shifted and ultimately removed from the balance sheet through bankruptcy litigation, leaving value for the shareholders. In the case of Delphi, activists believe that a good deal of the liabilities can be shifted through negotiation back to General Motors (GM:NYSE) .
Another example is Solutia (SOLUQ:OTCBB) , a chemical company that was originally spun off from Monsanto (MON:NYSE) . Litigation claims were transferred to Solutia when the business was spun off. Recently, Arbess and a group of creditors put pressure on Solutia's management. As a result, Monsanto agreed to take back certain liabilities.
Tepper is also working on some of those liabilities issues on the Delphi front. He is challenging the "indemnity" GM plans to seek from Delphi as compensation for the money it spends on its former unit's benefits. If Tepper succeeds, Delphi's shareholders may be able to squeeze some value out of the bankrupt auto-parts company. His investment will be worthless if he doesn't.
We all got screwed and we are still getting screwed thanks to Frankie the Fraudster... thanks for the offer on the info, but again IMO it is old news/info that I honestly am not interested in, especially since it was provided by Frankie and crew - nothing but lies. Anyhow, I could be wrong, but that is the way I feel about. I have always been skeptical and still am, but yet here I am as a bag holder. However, I am certain some people here will be interested. I hope it may shed some light to all their questions they had about you and docs visit. And I hope (and these are my thoughts) that all the non-believers that previously thought Frankie the Fraudster was NOT a scamster are not so gullible this round. I am also skeptical of Lloyd Fan, until proven otherwise. I hope others feel the same. I may b!tch, but I dont bash or pump. All I want are facts and aswers bad or good, as we all do, and seems as of lately the fact is that we are getting lots of bad news/answers. Opinions are fine also - but that is all they are, including mine.
quote:Originally posted by imakmony2005: ok DEW -IT, If you want me to PM you the roadtrip info PM me and when i write it you will get a copy,DEW-IT the info was all good when we were there hell i got 10 million more shares after the visit but looking back we got screwed, by randy, richard, and frank.
Posted by: ltesprit In reply to: None Date:4/6/2006 11:02:00 AM Post #of 242388
EVERYONE: I just spoke to Frank Olsen. He must still have my number in his phone, because I got a call from a strange number while I was meeting with a client. After the meeting I called the number and a garbled, throaty voice said 'Hello?' I didn't recognize it as first, though it sounded familiar. I said my name and asked who he was and why he called me. He said he must have 'pushed a button by mistake' and then he hung up. And I realized: 716 area code, the voice... that was Frank Olsen. He misdialed me again!
So I called him back, and he answered. I said 'Frank Olsen. Your lies cost me a lot of money.' And he went into this stuttering 3 minute blather about how he put in his money too, he gave Fan the company without any liens and that Fan should be able to do something with it now, and there are two other gay channels and neither of them are doing well either and it just didn't work. I said 'Why did you lie to us about the subscribers, the asset values, the break-even dates, everything? I'm going to see you go back to jail.' He stuttered something that was completely incoherent and then the line went dead. He'd hung up.
Who wants his phone #? I have another an appointment to drop off my car, I'll be back in an hour or two.
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quote:Originally posted by aj4400: From IHUB - Interesting if true.
Posted by: ltesprit In reply to: None Date:4/6/2006 11:02:00 AM Post #of 242388
EVERYONE: I just spoke to Frank Olsen. He must still have my number in his phone, because I got a call from a strange number while I was meeting with a client. After the meeting I called the number and a garbled, throaty voice said 'Hello?' I didn't recognize it as first, though it sounded familiar. I said my name and asked who he was and why he called me. He said he must have 'pushed a button by mistake' and then he hung up. And I realized: 716 area code, the voice... that was Frank Olsen. He misdialed me again!
So I called him back, and he answered. I said 'Frank Olsen. Your lies cost me a lot of money.' And he went into this stuttering 3 minute blather about how he put in his money too, he gave Fan the company without any liens and that Fan should be able to do something with it now, and there are two other gay channels and neither of them are doing well either and it just didn't work. I said 'Why did you lie to us about the subscribers, the asset values, the break-even dates, everything? I'm going to see you go back to jail.' He stuttered something that was completely incoherent and then the line went dead. He'd hung up.
Who wants his phone #? I have another an appointment to drop off my car, I'll be back in an hour or two.
And the plot thickens ... best mystery I've read for awhile.
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good points and if we are holding QBID we are all in the same boat...Some want to hold (that is YOUR attitude - and mine), some want to sell, some want to SUE. IMO everybody is wrong and everybody is right depending on where you stand. Now, just to be fair and balanced and for the purposes of "logical discussion." Can you provide info, links, DD where a PINKIE stock with a track record and A/S 0/S like QBID has ever ever been succesful and investors actually recouped their initial losses? I am not aware of any and I would like to know if such an animal exists.
Anyone?
quote:Originally posted by Penny-Trader: and exactly what do you think you are going to recoup from a lawsuit from a company that cant pay its tallent?
if that is your attitude, you should put in a market order and get what you can out of your shares.
i guarantee you will get more money that way then you will ever recoup from a lawsuit.
look at CMKX what did anyone get out of that mess? nothing but a tax reciept for a lawyers bill.
sorry but i think i will take my chances and let Fan try and fix the problem.
thanks for your advice, oh and could you provide me some examples where a lawsuit on a pink ever recouped any losses? please provide me the links to any info showing any recouped loss from a lawsuit on a pink and we can then have a logical discussion on this subject.
thanks in advance for your time Rod
quote:Originally posted by casviper: The only way this story is going to end is with a LAWSUIT! And thats fine with me. Maybe I can recoup some of my losses in this disaster. Hopefully they can fine wrongdoings with Frank and put him in jail.
good points and if we are holding QBID we are all in the same boat...Some want to hold (that is YOUR attitude - and mine), some want to sell, some want to SUE. IMO everybody is wrong and everybody is right depending on where you stand. Now, just to be fair and balanced and for the purposes of "logical discussion." Can you provide info, links, DD where a PINKIE stock with a track record and A/S 0/S like QBID has ever ever been succesful and investors actually recouped their initial losses? I am not aware of any and I would like to know if such an animal exists.
Anyone?
quote:Originally posted by Penny-Trader: and exactly what do you think you are going to recoup from a lawsuit from a company that cant pay its tallent?
if that is your attitude, you should put in a market order and get what you can out of your shares.
i guarantee you will get more money that way then you will ever recoup from a lawsuit.
look at CMKX what did anyone get out of that mess? nothing but a tax reciept for a lawyers bill.
sorry but i think i will take my chances and let Fan try and fix the problem.
thanks for your advice, oh and could you provide me some examples where a lawsuit on a pink ever recouped any losses? please provide me the links to any info showing any recouped loss from a lawsuit on a pink and we can then have a logical discussion on this subject.
thanks in advance for your time Rod
quote:Originally posted by casviper: The only way this story is going to end is with a LAWSUIT! And thats fine with me. Maybe I can recoup some of my losses in this disaster. Hopefully they can fine wrongdoings with Frank and put him in jail.
Oh there is a good chance you could not recoup your losses...it seems you would be better off suing independently of one another rather than trying to get a law firm to certify a class...but that's just my simpleton opinion.
I would also think that at this point, it may not be about recouping money, but about sticking Frank to the fire for more egregious conduct. There might be some water boiling if it could be shown he made those statements/issued those PR's knowing otherwise. At first blush, those numbers released from Q for 2005 dont seem to jive with the press releases. But again, just my opinion only.
posted
I for one would be VERY interested in what you have to report. If you decide not to post on the board, please send me a pm. Thank you.
quote:Originally posted by imakmony2005: ok DEW -IT, If you want me to PM you the roadtrip info PM me and when i write it you will get a copy,DEW-IT the info was all good when we were there hell i got 10 million more shares after the visit but looking back we got screwed, by randy, richard, and frank.
posted
After yesterday's PR whomever was buying all those shares previsoulsy - has stopped. I guess that PR yesterday was an eye opener for someone. After 4 hours today we have traded on ly 154M shares.
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However, I am certain some people here will be interested. I hope it may shed some light to all their questions they had about you and docs visit. And I hope (and these are my thoughts) that all the non-believers that previously thought Frankie the Fraudster was NOT a scamster are not so gullible this round. I am also skeptical of Lloyd Fan, until proven otherwise. I hope others feel the same. I may b!tch, but I dont bash or pump. All I want are facts and aswers bad or good, as we all do, and seems as of lately the fact is that we are getting lots of bad news/answers. Opinions are fine also - but that is all they are, including mine. 
