Q Television Network Takes Proactive Steps to Increase Shareholder Value Friday July 29, 3:15 pm ET
PALM SPRINGS, Calif.--(BUSINESS WIRE)--July 29, 2005--Q Television Network (OTCBB Other: QBID), the first 24/7 premium network for the gay and lesbian community, announced today that it will utilize every resource available to get its stock trading at an acceptable level. "We are outraged by the market manipulation and our depressed stock price," said Frank Olsen, President, CEO and Founder of Q Television Network. "The short positions in our stock we believe are overwhelming and we will do everything we can to squeeze those positions and bring our stock to a level it deserves. We have signed multiple carriers, we have increased our subscriber rate above 200% and we are the only 24/7 premium GLBT network in an untapped market. We demand a fair value for our shareholders and they will get it. We are going to implement a full market strategy that we have developed to directly address these manipulation issues."
Posted by keithsan on :
nice find Posted by clbgroove on :
yeah I'm outraged about fuel prices tooooo......but that doesnt mean I can do anything about it other than ride my bike!!!!lol
Have a good weekend guys
Posted by Peaser01 on :
I don't think that the shorters will stop until this reaches .000's.
Once it bottoms out and can not be shorted anymore, it will take off, and those who shorted it, will buy it back and ride it back up for more big profits. As long as no one buys the stock on the bid, then the shorters will get shafted. But how can anyone stop everyone from buying this stock on the bid? The shorting cycle just continues. Any thoughts?
They know that there are always people willing to buy the stock due to its following. I hate the pinksheets. Those that are shorting this have come up with a good plan to make cash on this stock. I only wish that people didn't make money on a stock that goes down in price.
Those are my thoughts anyways.
There is One possibility that Q can do, I'll mention it below.
[ July 29, 2005, 17:33: Message edited by: Peaser01 ]
Posted by treyda on :
Two things that pis me off.
1) Frank has done nothing to stop shorting and I am starting to think he is powerless to do anything about it due to his empty promises to stop it thus far.
2) How and why are penny stocks allowed to be shorted? Is this not illegal?
Posted by Peaser01 on :
quote:Originally posted by treyda: Q Television Network Takes Proactive Steps to Increase Shareholder Value Friday July 29, 3:15 pm ET
PALM SPRINGS, Calif.--(BUSINESS WIRE)--July 29, 2005--Q Television Network (OTCBB Other: QBID), the first 24/7 premium network for the gay and lesbian community, announced today that it will utilize every resource available to get its stock trading at an acceptable level. "We are outraged by the market manipulation and our depressed stock price," said Frank Olsen, President, CEO and Founder of Q Television Network. "The short positions in our stock we believe are overwhelming and we will do everything we can to squeeze those positions and bring our stock to a level it deserves. We have signed multiple carriers, we have increased our subscriber rate above 200% and we are the only 24/7 premium GLBT network in an untapped market. We demand a fair value for our shareholders and they will get it. We are going to implement a full market strategy that we have developed to directly address these manipulation issues."
My guess is that Q may buy back tons of shares on the ask, and then sell them back to investors on the ask at a later time. That would be a temporary solution anyways, and those that are shorting could get completely wiped out.
Posted by keithsan on :
LOL
Posted by Peaser01 on :
Far-fetched? I know. I'm trying to think outside the box on this about the possibilities. There may be some cash to be made on this.
Posted by Peaser01 on :
Another thought, maybe they diluted it so bad until it got a network signed on, and now they are buying the shares back? That could explain the PR as well.
Posted by roadrunnerv8383 on :
this is probably the biggest piece of sh*t in the pinksheet market. qbid is overvalued at .0013, there is no reason for this stock to be trading this high.
Posted by Peaser01 on :
lol
Posted by blueranger on :
qbids stock prices relfects the fact that qbid just prints up shares every day.... qbid has such a devout following that it should be 20 dollars a share.....
Posted by skunksyard on :
folks my coverage is done....have fun and have a great weekend
Posted by Bigrod40 on :
Roadrunner = POS
Posted by Machiavelli on :
quote:Originally posted by keithsan: LOL
I'm having a good laugh about this one too lol when u shutting it down? ...
Posted by keithsan on :
![[Embarrassed]](redface.gif)