posted
Mike C . Kind of puts a damper on optimism. LOL. Certainly am not into misleading anyone. And you are absolutely right. I don't have documentation of Mr. Fan being invested in Q. I believe that he has been honest with his attempts to bring the company forward. But, who is to know. We have been lied to and there is no real reason to trust that anything is different except hope. I continue to sit back and watch how this unfolds.
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I've been watching this story unfold for months. IMO Fan is doing what he has to do to get this company raised from the dead. It is unfortunate that a lot of stock holders will suffer due to the poor decisions and management of the prior management or lack there of. IMO this has been coming for a long time. I'm still waiting to send the flowers for the funeral though. GL everyone.
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hi qbidders hey jencd hey bottomliner and all the oother qbidders still holding this. i guess ultimately we all know what to do hold and wait. watch this drama unfold see if it really all was a giant scam wether intentional or not. i know there is no reason for me to sell out and take a gigantic loss.
if we do reverse split and go back to these levels all our cash will basically evaporate and we shall realize that the loss is real. but until that day i refuse to give up until it is over. long live qibdians long live mr . fan and yes long live that whacko franko for making this dream still possibly come true. i dont care if people call me an idiot or a qbidiot hehe i do care about remaining positive as there is nothing else that we can do.
what good does it do to be negative about being scammed out of your money you only simply feel worse by engaging in those feelings. ok sorry if i over stepped my internet boundaries i dont mean to offend i simply wanted to share a few thoughts.
good health to you all and may wealth come when you are ready.
-------------------- gotta know when to hold em and when to ..........
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Q Television chairman Lloyd Fan says the gay cable channel is in the middle of restructuring and expects to resume production soon. On Wednesday, QTN shut down its Burbank, Calif., studios and sent out an e-mail terminating all its employees after it was unable to meet its payroll. But Friday afternoon, Fan told Sirius OutQ Radio that the termination message was just a "standard type of form" that gets sent out in such situations. Fan said he couldn't comment in detail because of "delicate" negotiations that are under way but that the company is "still moving forward with a restructuring" and that he expects the network to resume operations. QTN is still continuing to transmit prerecorded programming to cable systems around the country through hired master control facilities in Texas. Fan took over the company two months ago after QTN founder Frank Olsen departed in a management shakeup. (Sirius OutQ Radio)
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I just emailed the advocate. If they can do a story on Fan maybe they can question him on leaving share holders in the dark. It is worth a try. Let's see if they contact him for us. I know I have called Fan several times and left messages with no response.
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BUMP!! Never, in the last 2 and a half years has this been moved back so far. Don't bash me; it just didn't seem right! When and if this stock belly's up, then I don't care what page it's on
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The remaining staffers at Q Television's scaled-back production facility in Burbank, Calif., were laid off last week, the latest move for the gay cable channel that had been on life support for months.
QTV, which caters to LGBT audiences and is available in a limited number of markets nationwide, will file for bankruptcy soon, according to two former employees, one of whom, Vanessa Mayer, is serving as an intermediary to California's labor board.
Although the latest moves suggest an imminent demise for the network, QTV Chairman and CEO Lloyd Fan still held out hope as of Friday of restructuring the network.
QTV which had been searching for investors for months, laid off most of its staff Feb. 1, with the promise of rehiring them should new funding come through. In March, Fan replaced Frank Olsen as chairman and CEO, but the management shakeup did nothing to stop the network's slide toward insolvency.
On April 28, Fan called together the network's skeletal production staff of 20 to tell them that the company could not meet payroll for the month. In a follow-up e-mail that afternoon, Fan said:
"It is with deep regret, I must terminate your employment effective today due to the network's inability to pay salaries. As you know, since I have taken control of the company on March 7, 2006, I have worked tirelessly to secure funding for the company. All negotiations with potential sources have ended and there are no longer any options on the table."
On Friday, however, Fan recanted, telling Sirius OutQ radio that the termination e-mail was a "standard type of form" and that the network would resume operations soon. He said he couldn't comment in detail because of the "delicate" negotiations under way, but that the company was "still moving forward with a restructuring."
Neither Fan nor anyone in QTV management could be reached for comment Monday.
The network is broadcasting tapes of old shows for its 3 million subscribers, though it's not clear how long the reruns will be available or how long local cable providers will continue to carry the network. QTV is contractually obligated to provide its carriers with five hours of live programming daily, a number it has rarely hit since January. In April, a Houston cable provider dropped QTV, claiming breach of contract.
For former employees still waiting to be paid, new promises of a restructuring were less than reassuring.
"There is an entire line of broken promises and lies," Chris Flynn, a former QTV technical director and backup director, told the PlanetOut Network. "I don't trust Q when they say there is a possible 11th-hour investor. For me, it's over."
Mayer, a former graphics generator at QTV and current liaison between employees and state labor officials, said that under any bankruptcy filing, QTV's assets would be used first to pay any companies it owes. "The employees, who have been waiting since February to be paid for our work, get paid last. Which means we probably won't be paid at all."
Flynn said a QTV executive told him that most of the company's assets have already been sold.
Mayer, one of the 100 employees laid off Feb. 1 without pay for January's services, claimed that until Friday QTV had planned to retain its small staff without paying them.
"Q management had been telling the labor board for months that they were waiting for their 'mystery investor' to arrive, but finally the board got wind that there was no investor and they were about to retain employees without paying them for their work -- again. The labor board told them they couldn't do that to employees twice, and that's when Q had no choice but to shut down."
Flynn said staffers "were really trying to make it work at least long enough for the company to make payroll," but added that he hopes no employees will be seduced to go back again. "Q will promise the moon, but in the end they will stiff you."
-------------------- 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:QTV, which caters to LGBT audiences and is available in a limited number of markets nationwide, will file for bankruptcy soon, according to two former employees, one of whom, Vanessa Mayer, is serving as an intermediary to California's labor board.
Filing for bankruptcy... there goes our shares...!! It was a good dream while it lasted.
Happy Trails to all, and to all a good night. Time to shut off the lights.
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quote:Originally posted by manfromjax: [QB] [QUOTE]QTV, which caters to LGBT audiences and is available in a limited number of markets nationwide, will file for bankruptcy soon, according to two former employees, one of whom, Vanessa Mayer, is serving as an intermediary to California's labor board.
Filing for bankruptcy... there goes our shares...!! It was a good dream while it lasted.
---- So a former employee declares the Q is heading to bankruptcy so it must be true? um, okay.
And yes, I wasnt go to post anymore, but i still havent heard the fat lady sing. File the papers and you have a believer. In the meantime...
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yeah win, Q is (and has been) "on the Move"...
this does not pertain to the pps (don't want to add insult to injury)...
the de-valuation of your shares...ONLY going back to 08/24/04.
the dilution trail.......
08/24/04 from 25b to 50b == 100% dilution
11/07/05 from 50b to 60b == 20% 12/19/05 from 60b to 100b == 67%
...from 25b to 100b == 300% dilution
02/07/06 from 100b to 350b == 250%
...from 25b to 350b == 1,300% dilution
original company Puget Sound Development Co, Inc (wa UBI # 601-047-757)
09/13/96...changed name to Integrated HealthCare, Inc
08/25/97...disolved
10/07/97...reinstated
08/03/99...Joseph Pittera registered the corporation name as Triangle Multimedia Limited...effective 8/20/99
08/18/99...the articles were amended: 300,000,000 shares of no par value. A class of 20,000,000 Supervoting Preferred Stock at a par value of .001 per share and convertible at the option of the holder on a 10 for 1 basis with preferential treatment in liquidation shall also be authorized. Mr. Pittera sill listed as point of contact.
09/28/99 Amendment to Article V: A Class B non-voting, non-convertible Preferred Stock that the Corporation has authority to issue and which constitutes a seperate and single class of shares with a FIVE year callable 8.25% cumulative interest rate at no par value.
12/03/01 Amendment to Article V: The capital stock of this coporation shall consist of 600,000,000 shares at no par value [FIRST paperwork with Franks name on it]
01/05/02 Amendment to Article V: The capital stock of this corporation shall consist of 900,000,000 shares at no par value
03/25/02 Amendment to Article V: The capital stock of this corporation shall consist of 1,500,000,000 shares at no par value
04/19/02 Amendment to Article V: The capital stock of this corporation shall consist of 2,500,000,000 shares at no par value
10/01/02 Amendment to Article V: The capital stock of this corporation shall consist of 3,500,000,000 shares at no par value
03/03/03 Amendment to Article V: The capital stock of this corporation shall consist of 7,500,000,000 shares at no par value
04/04/03 Amendment to Article V: The capital stock of this corporation shall consist of 10,000,000,000 shares at no par value
07/16/03 Amendment to Article V: The capital stock of this corporation shall consist of 15,000,000,000 shares at no par value
11/03/03 Amendment to Article V: The capital stock of this corporation shall consist of 25,000,000,000 shares at no par value
Posted by: The OTHER Frank In reply to: None Date:5/9/2006 12:32:03 PM Post #of 252095
Now that I no longer work for Q I can finally post my thoughts. The OTHER Frank reference with my screen name is that I am Frank Hagan. That's HAGAN - not HAGEN). As I did on my first day on Chrisanne's show, I again want thank our viewers and investors for having faith in Q. I am not in the position (or have direct knowledge of) anything about the current stock situation. What I can dispell a few popular IHub myths. Lloyd Fan is NOT Frank Olsen -- not even close. Lloyd is a man with a huge heart that tried to do all he could to keep Q alive - and you need to know that. Frank Owe and his cronies deserve everything bad, foul, legal (add the adjective or noun of your preference) that you can say about him. If you want to know where the money is, someone said it in here long ago -- "follow the fat man..."
I tried to put a new schedule together (without the cash to buy new shows) but faced existing expiring program licenses and other problems with poorly contracted deals. I looked at what was available and wondered "who the hell was in charge of buying stuff here?" I was amazed at how little there was in "the vault" to work with. To keep costs down -- till we had money to play with -- I ran public domain stuff to fill in the ever expiring blank holes of programming. BUT -- for the first time since they were on the air -- the Q schedule was finally put in "near to" or totally in compliance. Why run all the PSA's? Every station promo in the vault had Scott Withers in it. I swear there was more tape on him than Clinton, Bush and the Pope combined. He must have inserted himself in every imaginable piece of footage. With him gone from Q -- we removed him from 90% of the schedule. Q's Live talk existed on a string budget (again, thanks to Frank Owe) and those who were working there were as creative as they could be and let me tell you -- THEY WORKED THEIR ASSES OFF to keep Q going. Reichen was becoming more of an issue show and he was great at it! No more faked E MAILS or employee calls painted to be real. PS: he wasn't "cancelled" - he, like all the others there, was "let go." Robbie Laughlin is one of the funniest people I have ever worked with and Chrisanne? LOOK OUT COMEDY CENTRAL - she could give John Stewart a run for his money. Scott and the NEWS TEAM were the most professional I've ever seen -- and Steve Kmetco? If the rest of broadcasting was as professional as he was -- TV would be an easier world to work in. To see them and their producers, cameramen, directors and tech staff cut afer working so hard was a painful moment for me - BUT (unlike Frank Owe) NO ONE LIED TO THEM WHEN IT HAPPENED. They were kept fully informed.
Lloyd and Carol were doing everything possible to keep Q alive, (and still are) but thanks to previous management NOT KEEPING RECORDS or conviently "losing" them, it was impossible to bring in ANY investors. Carol Hinnent is one of the best people in Cable TV I've ever met and she also had her heart and soul in the right place. SHE CARED! I see bashers in here going after them (shame on you). You're going afther the wrong Q Management. I also see HansenC posting internal documents to feel self important. Screw you dude - you said you worked with all these people -- so you could have removed their names before you posted that information -- if not out of respect -- at least out of your so called "friendship...") I am amazed at your heartlessness towards them. I have no idea who you are BUT I KNOW YOU ARE AN *******. To the supporters we still have in here -- I thank you! To those who bash? It's your right to do so -- but you need to be fully informed - not supposition disguised as information.
For the Q programming record? Jack E Jett was offered a Sat night 90 minute show, but we all couldn't come to terms (and, at this point, it's just as well and I wish him well.) Nick Oram's show was hugely over budget and out of control (but slickly cut) and Honey (we love Honey) was coming back with a new talk show before the second bottom started falling out.
Q may have a breath or two left in it -- and if it does come back - I would go back to work there in a heartbeat. I also don't blame the GLBT community for not supporting the station. I was in markets where they DO and I saw the potential of Q growing. There are GLBT viewers that appreciate what Q brought them -- and there are more out there and they would become viewers if we could bring Q to them. That possibility may have (and I repeat) MAY have ended.
I can also personally speak about one "thing" -- Frank Olsen. Never met him. I doubt if I would want to. What this man did to the potential of Gay Broadcasting is a shame. What he did with Q and investors money is probably criminal (but I am not with the SEC or a lawyer so my opinions on that are worthless). That is up to you to do something.
To all of you in here, thanks for some funny posts, thanks for the support, thanks for the "short seller" bashing -- but please keep in mind, not every "former" employee is disgruntled... The ones that are -- and are in here posting BS -- have the right to do whatever they want (as do I). The difference with me? I'm not twisting truth or lying to add any fuel to the fire. I'm just someone that was very proud of my time at Q and I hope I get the chance to do it again.
OH! -- Sorry - but I will not respond to any private E MAILS on this post.
Frank Hagan (former) Programming Director and General Manager QTN
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yes if that where the case you would be right.
the key here is that a laid off, Or should i say a pissed off employee, says that they will be bankrupt.
it is a good possibility, but an employee cant make a call like this.
this company could go on for years with reruns and selling their content to other gay networks.
selling their rights to the gay games, selling their DVDs.
the point is that an employee does not know the master plans of the company, the assets, or the income.
all they know is they are laid off and things don't look good, and they also have a clouded view as they are taking it more personal then most, because they lost their income, and their heart and soul went into their work and this is what they are handed.
I have left companies that i thought where going to go bankrupt and they are still running, I have worked for companies that i thought where doing good and went bankrupt.
they may be right in this case, but it is not the case just yet.
lets ride this out and see what happens.
My expectations are not that high, but I'm not going to sell out, or worry about what i can not change in this stock.
it has been a big learning curve for many here, and it has been enough of a lesson that i will never touch another penny stock again. at least not one that does not report.
Time will tell, and time will heal the pain of the deception that many where taken in by with this company.
Rod
quote:Originally posted by manfromjax:
quote:QTV, which caters to LGBT audiences and is available in a limited number of markets nationwide, will file for bankruptcy soon, according to two former employees, one of whom, Vanessa Mayer, is serving as an intermediary to California's labor board.
Filing for bankruptcy... there goes our shares...!! It was a good dream while it lasted.
Happy Trails to all, and to all a good night. Time to shut off the lights.
-------------------- 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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