I may be a new poster ,but I know more about this company than most.
I was watching a movie the other day and across the bottom of the screen it said "go to spotify to instantly stream the soundtrack to this movie".Qtrax had raised 50 mil before spotify was ever a gleam in anyones eye.So what happened?What would of happened if qtrax launched at mideam in 2008 as promised? If they had qtrax might be now preinstalled in some cars instead of pandora.People would be going to Qtrax to download soundtracks from movies instead of spotify.My point is this company had the potential to revolutionize and instead it floundered.Was not 50 million $ enough to secure licensing rights and build a quality web site, of course it was.(With enough $ left over to do marketing and pay its employees)
The reason is simple ...GROSS MIS- MANAGEMENT ON THE PART OF THE CEO...bottom line.The only reason he hasnt been indicted is because most of the $ raised came from overseas,and it would take combined agencies to go after him and they don't have the time or inclination to do so ,they have bigger kleptfishes to fry.Gross mis-management or even worse yet,a shell, game a con, a pump and dump,that he would like to never end.This CEO needs to come clean,admit that blln stock will never trade again.No one will even buy it to use as a shell company since it has so much debt and lawsuits to go along with it. BLLN IS DEAD to all of you that own shares they are worthless and always will be, sorry for your loss.I too have lost.
