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Hey! Such a long time!!! Just checking in. Hows is everyone? Damn, all I could think of reading over the board just now was: Remember Melvin? I think some people believed he was the voice of God!
GO WSDT!!!! This baby is up up up!!!! Nice chart.
Still going strong. Chart looks good. Only up from here. :)
Wow, nice pop this week. Assets under management are now 1 Billion. This thing is for real. Not some shady pinky here. I may buy more if there's a pullback.
HA!!! LOL, FUNG! I really have been fine all this time. I thought I was fully over it. Then, I get this and all the old wounds open up. It sucks, but I'll recover. Man, do I hate UC and the fact I got scammed. This and Qbid! NEVER AGAIN!!!! I only deal in legit stocks that pay good dividends now. No more pennies (oh, except WSDT.PK -- but they're a real business and I couldn't resist buying a company with Jeremy Siegel as a strategist)
Yes, but if I sell the shares back to Ameritrade, will I be missing out on anything in terms of the company being sold and the shareholders being compensated? Is Qbid being sold, or is that another sham? And, if I get rid of the shares, will I miss out? Thanks.
Thanks, underdog, I'll give it a try and let you know how it goes.
fung, of course it's a large chunk of change. I JUST GOT CHARGED 20 DOLLARS AND I DIDN'T GET ANYTHING IN RETURN!! Would you think it was nothing to worry about if I just went into your wallet and took $20 for myself then wiped my A** in your face like UC?
That $20 wiped out some of my recent quarterly dividends from some of my legitimate stocks that aren't the pump of a criminal f*ckhead!. If the market continues along its trend from the past 200 years, then 200 years from now, that $20 will have been worth MILLIONS OF DOLLARS!!! Yes, that's right, UC took MILLIONS AND MILLIONS OF DOLLARS FROM MY GREAT GRAND KIDS -- RAT F*CK! (not you, you're not a rat f*ck, I meant UC)
QUESTION FOR THE BOARD: Should I get rid of Qbid?
Two questions:
1. Is Qbid still trading on the open market? Can I still sell my shares?
2. I was wondering if you've heard anything about the progress of Qbid being sold. Last PR is from August 21, stating that they are selling QBID and that shareholders might be able to recoup something in the future. Any progress? OR, if I can't sell Qbid on the open market, should I just get rid of Qbid from my account by selling it back to Ameritrade for a dollar? That would cost me $44 for the trade.
What I am trying to say is that I'm getting tired of looking at Qbid in my account. Should I hold onto it or should I sell it back to Ameritrade? Is it going to be worth anything after all is settled? Is anyone even working on settling the company at this point? Who can I contact to find out this information.
I just got hit for $20 from my ameritrade account because a stock I got from a CMKX dividend just did an RS. Ameritrade charged me $20 for the processing of the RS. I don't want this sh*t happening again somewhere down the line with Qbid. I don't want to be charged for some worthless POS doing some worthless reorganization. So, what's the deal?
Juina reverse split: F&*K!!!
I just got hit for $20 from Ameritrade for the cost of processing the Juina Mining RS. I thought I was done with this whole POS!!! Thought UC had milked me for everything I put in, and then I see he just took a large chunk of change out of my account!!! POS POS POS!!! That is total BS. Worst part of the thing is that I didn't have enough shares in my account to be left with 1 share of Juina. Therefore, since I had less than 1 share of Juina in my account after the RS, all of my Juina shares disappeared. They're gone. I don't own Juina anymore, and I didn't get any cash from it. So, basicaaly, I just lost $20 in processing and I don't have anything in return. I can't believe how much this sucks. Just when I was about recovering from getting rolled by a stinking low life con artist, this comes along and sizzles the blood. Worse yet, to get CMKX removed from my account will cost me $44.00 for a broker assited trade. This is HORRENDOUSLY ANNOYING!!!! Anyone else going through this SHITE??????????? Btw, how is everyone? It's been a long time:)
WOW!!!! What a freakin' spike today!! Volume enormous, stock up almost 20%. Can't find any news or PRs. I'll keep looking. Maybe some inside news about to be revealed?
Wisdom tree launched their first etfs and their new website is up and running: http://www.wisdomtree.com/
WSDT - WisdomTree Investments, Inc. Check it out. AWESOME managment. I really like the players involved--Michael Steinhardt, Jeremy Siegel (my personal hero) and several others. Legit NYC outfit. Low float. This won't stay on the pinks for very long. Looks like it could develop into a real force. What do you think?
Sweet, december! Maybe we can get a board going. There is no message board on Yahoo yet or anywhere. This stock is still under the radar, but not for long IMO. I got in about a month ago, and I bought some more earlier today. Good luck to you!!
This here looks like a little undiscovered gem waiting to break out. This isn't your run-of-the-mill pinky by any means. This isn't some shady Nevada shell. This is a NYC company with some HUGE names and brilliant ideas brewing!!!! I got interested in this company when I found out that my personal hero, Jeremy J. Siegel, is the Senior Investment Strategy Advisor (he also owns shares in the company). Among the other other players are Michael Steinhardt, the hedge fund manager, who is the firm's chairman and owns some two-thirds of its shares, and the former American Express chairman James D. Robinson III and his son, James D. Robinson IV, who serves on the WisdomTree board. Its chief executive is Jonathan Steinberg, son of the corporate raider Saul P. Steinberg. OS is moderate at 78 million, but the float is damn low and the chart looks great. This could take off very soon. Any thoughts???????
Reason why R/S causes a stock to plummet in the penny world is because management continues to dump and dump. Investors view an R/S as a simple way for management to "erase" previous dilution and start diluting fresh again.
Mathematically, an R/S doesn't change the value of your holdings at all. The reason why we often see stocks plummet after an R/S is simply because there is suddenly "room" for the stock to plummet. In other words, even though a stock might be trading at .0001, the stock itself might be worth a LOT LESS than .0001. We can't see how much less because our ticker only goes to .0001. However after an R/S, the stock might jump to .01. And then, it will fall back because in essence it was always worth less than .0001 and therefore, worth less than .01. This is especially true if management continues to dump after an R/S.
Therefore, what we are seeing when a stock plummets after an R/S is NOT a result of the R/S. It is simply a result of there being room for the stock to plummet and show us its TRUE underlying value. IMO
Hey everyone! Long time! It's good to see that at least SOMETHING is still happening with Q. I wish this whole thing could move faster. I'm getting bored here waiting. Just release some more news soon!!!! That's my opinion :) GLTA!
I have a crystal ball, I got it pretty quickly after I invested in pinks. It says, "All pinks are rigged and they all suck. If you don't invest in them, you'll end up with more money." The crystal ball came in the mail about a year after I invested. I'm still waiting for my DVD from Frank and Melvin's diamonds from CMKX. Oh wait, the crystal ball just said they aren't coming.
It is also my understanding that Preferred shares are paid first before common shares when assets are disbursed. Are they also paid first before creditors?
Seeing as common shareholders are the LAST to be paid off (after preferred and creditors), it's silly to think we'll see anything at all, certainly considering the huge diluted OS.
Anyway, this may be why Olsen converted his shares to preferred, so that he will get paid first (and probably all of it), before we see any of it. JMO.
Tavy, if it's a distribution of assets, then it is DEFINITELY illegal. Buying a share of a company entitles you to receive distribution of assets upon the disintegration of the company. Therefore, it is in no way legal for the company to pick and choose which shareholders receives distribution of assets, correct? As I have been saying, this would never stand up in a court of law.
Yes, Good, that's all fine and good, but if they prove corruption at the brokerages and with NSS, then in no way should I, the common shareholder be penalized, which is exactly what CMKX is doing to me. If CMKX wants to prove corruption, they shouldn't charge the common shareholders money to do so. My case would certainly stand up in a court of law. Especially if all the other cert holders got rich, and I didn't for no other reason than I didn't have a cert. That would be stupid.
Tavy, yes i'm willing to test my theory. I bought a piece of the company. The cert is not my responsibility. It should be the brokerage houses' responsibility to deliver the certs. I paid for the same shares everyone else paid for. What does pulling my cert have to do with it? Completely illegal. I'd like you to find one instance in the past from a legitimate company that required its shareholders to do ANYTHING costing money OTHER THAN buying a share in order to qualify them for a dividend? If I bought a share, I am owed a dividend...nowhwere is this cert crap legal. Tell me why I do not qualify for a dividend legally? Why would a judge honor CMKX v. me in this situation? Why would a judge rule in favor of CMKX? On one side, you have me, who bought legitimate shares of a company and I have a record of that purchase. On the other side, you have CMKX who distributed its dividend to its shareholders. However, CMKX distributed its dividend to only cert holding shareholders. Tell me how that is legal? Imagine ANY OTHER company distributing dividends ONLY TO CERT HOLDERS?
Furthermore, what are the implications of a judge ruling in favor of CMKX in this instance? Ruling in favor of CMKX would state clearly that those shareholders holding certs are MORE LEGITIMATE than those not holding certs. Such a ruling would ruin wallstreet and collapse all brokerage houses. The entire system would fall apart. And this has nothing to do with NSS. The point is to defeat NSS, not destroy a system that should treat all shareholders fairly. It's just legal fairness to treat all shareholders the same. And when you don't do that, the system falls apart in an unfair way, and will not be able to recover. Believe me, no judge would rule that way. It's legal common sense.
CERT holders aren't preferred shareholders! Cert holders have no legal right over street name holders for any distribution or anything the company gives them. You think that if tomorrow, all of the shareholders who got certs suddenly became millionairs, there wouldn't be a lawsuit filed by people like me, and that we WOULDN'T COMPLETELY AND LEGALLY WIN??????? In all legal fairness, ALL
COMMON SHAREHOLDERS of a company have a legal right to be treated equally. This cert business is BS and would never fly in a court of law, especially if CMKX made you rich.
Finally, in the end, pulling certs DOES cost money and significant money (percentage-wise) if your original purchase was only a few shares. Therefore, do you think a judge would rule in favor of a company that demands you spend significant money to get a dividend? Outrageous!!!!! It's not the shareholders' responsibility anyway, because the brokerage houses grant you street-name and are responsible to back it up with certs. Ludicrous!
If something fabulous occurs, do you really think that those who didn't pull their certs will not be allowed to participate? That's a gigantic lawsuit waiting to happen and believe me, having bought CMKX, and having a record of it in my account, is more than enough, legally, to entitle me to whatever might happen in the future. It's outrageous to believe that this idea of dividends and richness going to only those who pulled their certs is fair and legal. I bought just like everyone else. Because of that, I'm not concerned with what will happen.
Well, GTC, I am holding the shares in my account, but, honestly, I don't want to pay the fee to get the certs. I heard it can cost some money and I just don't want to give any more money to this thing. As it is, I'm down 100% on it. Paying for the certs makes me feel stupider than I already feel.
Hey, haven't been here in a while. I thought you would have all just given up by now...it's sad, but we were taken by a con. I've definitely learned a lesson. I no longer put my money in pink sheet stocks, and I don't think I ever will again. There's a lot of good money to be made out there by investing in good reporting stocks. No use gambling down here at these levels.
It's surprising that people are still convinced that they will get rich from this, and that there was a naked short. In all my time here, not one person ever had convincing evidence for NSS. Can anyone tell me one good reason why you believe NSS exists on this stock?
If you can't come up with convincing evidence, then you must admit that you could be wrong. If your evidence is only speculative, then why do you feel so strongly that you are right? Why not except the other simple theory that this was all a scam and you will never get your money back? Why? What's wrong with that? What's wrong with at least entertaining that idea? Why are you so convinced otherwise?
What is so surprising is that the company came out themselves and stated clear as day that they diluted the stock, and not just a little bit...but horribly. The theory of NSS is that it will result in dilution to the company, and the stock will trade like it is diluted and thus destroy the company. CMKX did just that--they destroyed themselves with dilution--and then the company came out and said that THEY THEMSELVES diluted and destoryed themselves (they didn't need any help from NSS to do that), so why are you still so convinced about NSS? Can you not at least see that you might be wrong and that this was a simple case of massive dilution by the company (which was clearly admited by the company)?
Also, if NSS existed, why would that matter at this point? CMKX was shut down due to it's business practices, therefore, no matter what the NSS, the company is gone forever. What's the point? Also, who cares if NSS existed. The company was so diluted by the company itself, that it wouldn't make a difference. The company was destroying itself with massive dillution...who cares about NSS?
All in all, it's strange to me that you continue to believe in the pot of gold, when the company came out clearly and said it fucked us all. Why the strong devotion? In the least, you should be willing to accept that it could all be over and that CMKX means absolutely nothing. It's gone. The company is gone and never coming back. The company diluted itself horribly, admited it, and you should have just seen the truth then. No amount of NSS can change the fact that the company fucked us. AND, if the NSS theory revolves around diluting a company, why is it so hard to see that maybe the company is totally responsible and that the NSS theory is incorrect and that even if NSS ever existed, it would make no difference to CMKX because CMKX was already massively diluted by the company itself? I can see that, and I'm smarter for it. What evidence do you have to show that what I'm saying is incorrect? Faith? Is that all you have at this point? Not a good investment approach IMO.
Good luck to you guys in your future investments.
I'm not sure if I'm misunderstanding you, but by the way you are saying it, I don't understand. What's the difference between the company continuing to dilute as is, and the company continuing to dilute after an R/S? None, correct? So, what you are saying is incorrect.
What I am saying is that the ONLY difference is that the effects of dilution are more clearly displayed after an R/S because the stock has more room to drop and we can all see the drop. The effects of dilution before an R/S is the SAME, but you just can't clearly see it because the stock can't display lower than .0001 (even though it IS, in fact, worth lower and lower than .0001 as dilution occurs).
So, there is no difference between diluting before or after an R/S. None at all. Am I missing something?
And, regarding buybacks....the company will have to spend the same amount to raise the value of a stock whether before or after an R/S. If you have a million shares worth 1 dollar each or 1 share worth a million dollars, the company will have to spend the exact SAME amount of money buying back shares to get the exact same rise in PPS.....it's simple math.
It doesn't matter how many shares of a stock you own...what matters is the underlying value of the shares. If the company "gets to the promised land", you will be rich no matter how many R/S or splits took place.
Skunks, I believe you are mistaken. If you have a million shares of stock selling at $1, your portfolio is worth a million dollars. If there is an R/S of 1 million to 1, then you will be left with 1 share....HOWEVER, that share will be worth a million dollars, and your portfolio will be worth 1 million dollars. You forget that there is NO change to the value of the stock when there is a split or an R/S because the PPS changes accordingly. You are left with the same amount. Frank Olsen can R/S or split however many times he wants, the value of the underlying stock WILL NOT CHANGE! It's simple math.
Buybacks and dilution are separate issues, no matter what the r/s or split satus, they will affect the PPS accordingly. The reason why an R/S appears devistating is if the PPS drops after it (same as why a stock split appears good if the pps goes up after it), but don't forget that that drop is simply showing you the true value of the stock whether you hold a million shares or one share. But, after an R/S you can get a better idea of how little the stock is worth, because there is room to drop. When the stock is stuck at .0001, it's hard for shareholders to see that the stock is worth less than .0001. An R/S simply illustrates what is there --- the stock is worth infinitesimal due to DILUTION!!!! Dilution kills you regardless of an R/S or split or whatever. They are separate issues.
Skunks, your point makes no sense. An R/S does NOT in ANY WAY lower the value of the shares, just like a split doesn't raise the value of the shares. It simply changes the OS and proportionately changes the value of the shares. Nothing gained, nothing lost. Continuously issuing shares and reverse splitting is the EXACT SAME as continuously issuing shares and not reverse splitting. Reason why people have a problem with R/S's is that it illustrates more clearly poor underlying value of a stock for the following reason:
No matter how bad a stock does it can't go to zero as long as the company stays alive. So, when a stock is diluted, more and more shares are issued, but the stock doesn't go to zero so the shareholders can't see what the dilution is truly doing to the stock. In other words, the shareholders can't see that the dillution is driving the value down way more than what's represented by the PPS. The PPS may say .0001, but the real value is infinitesimal (just above zero), it's just that the PPS can't go to infinitesimal, so it isn't properly reflected for the shareholders to see. However, when an R/S occurs, the stock then has room to drop. The stock drops because of dilution, and all the shareholders can see the drop. Therefore, all the shareholders think that the drop was caused by the R/S, when in fact, what is happening is the same thing that was happening before the R/S: DILUTION! Dilution causes the R/Sed stock to drop back and what is really happening is that the stock is getting closer and closer to infinitesimal. It's all the same really, and your arguement makes no sense. Your line of thinking is the reason why CEOs can dump billions and still be embraced by shareholders who can't see the true infinitesimal value of their stock.
Hey everyone. What's up? EOM
What's more alarming than the fact that Frank may be lying in his phone conversations, is that he's giving out inside info in these alleged phone conversations. Why would he be telling people about upcoming press releases? Isn't that illegal? Not that it matters really...everyone can see where the PPS is going (or, not going, I should say).
as opposed to what in the past? Pretty much in line with how things have been IMO.
Okay, let's consider this....
"Very few recent PRs--there has been barely a few 'heartbeat' PR's, compared to what we were getting."
What about Verizon PR? Or what about the 8 PRs in the month of January! That's like one PR every 3.5 days!!!!
"Dumping without trying to raise the pps doesn't seem to make much sense..."
See my above comment about the numerous PRs in January and pay special attention to the Verizon PR. There was an attempt to raise the PPS. AND, I've posted too many posts in the past in regards to people who insist that a company would not dump at a lower PPS. The argument that a company would not dump at a lower PPS is ridiculous. The company will dump when it HAS to dump...it can't just wait around for the PPS to go up -- if it's dumping it's because it needs the money NOW!!! Also, why would a company wait for the PPS to go up when it can just dump purportionallly more shares? In other words, if the company needed 1 million dollars, why wait for the stock to go to $1 in order to dump a million shares, when you can dump 10 million shares at $.10? Frank has control of the AS, therefore he doesn't need to wait for a higher price...he just dumps that many more shares. Also, the company can't manipulate the PPS like snapping its fingers and having the PPS go up so it can dump. That's ridiculous. Frank is as stuck in the mud as we are right now. All he can do is continue to promote buying interest so he can dump. The price is out of his control (too much dillution), so all he can hope for is to find a buyer...that's why he released 8 PRs in January!
"...especially since the stock is undervalued."
Why do you keep insisting that the company is undervalued??? where do you get that information? And why is it that you don't account for the huge debt the company is probably in. The company can be worth 1 billion dollars for all anyone cares, but if they have 10 billion in debt, they are worthless to the shareholders. Please account for debt when you give a valuation on the company. And before you say that there is no debt...why then would Frank raise the A/S and dilute if the company is financially strong? Consider dillution a clear indication of debt....and dilution works just like debt in this case to kill the PPS.
"Any concrete news, like a real audit, would jump the pps a bit."
Not if the audit is horrendous and shows massive dillution. Maybe that's why Frank is stalling?
"I don't know what is going on--the simple explanation of dumping and dilution only makes partial sense--not the whole story."
Her it is again! What's so bad about accepting the simple explanation and the one that makes the most sense. Why does there have to be "something else going on"? What would that "something else" even be!!! Isn't it clear that ALL of this can be explained by dillution? What's the problem with that? After all, dilution is probably a more positive explanation than any "something else" that might come along.
Well, I'm sure your theory about why the PPS is in the gutter has some merit. Of course, sentiment has something to do with it. But not a lot IMO. Take a hard look at the course of events in recent times. Basically, all along, we were getting the same kinds of PRs. News was definitely coming in, and if you look at the type of news, it really does seem to suggest that QTN was taking off, expanding, adding new shows, getting carriers, etc.
BUT, over that same period of time, the PPS was slowly bleeding out. We also learned over that period of time that the AS was increasing.
So, to recap....Many PRs were being released by the company (therefore you can not say that the company has released "NO NEWS"), AND these PRs suggested that the company was growing and in good shape. However, the PPS was bleeding out and there was hard, clear news of dilution over that period, leading us right up to today where the PPS has pretty much bled out to nothing left.
Look, we don't know any more today about the company than we knew a year ago, EXCEPT that the company has more shows in more places, in more markets, with more carriers today than it did a year ago. So, then that logically only leaves dilution as the reason for the PPS drop, right? Given the state of the AS, it is crystal clear and proven that the company has diluted. So, why the difficulty accepting the most simple of all theories? What is so wrong with accepting dillution? I don't get it. Please explain.
Why do you think the company is worth 300 Million? Please explain.
I'm not sure about that Zandant. I don't think the current pps reflects negative investor sentiment. I think it is a product of dilution. In other words, I don't think the PPS is in the gutter because of all the negative stuff circulating about the company. I think it in the gutter based on simple mathematics of supply and demand. With more shares out there, the PPS declines. With so many shares out there, no amount of positive or negative sentiment can affect that. None! Period!
In short, it doesn't matter what we think, nothing we can do can overcome the billions and billions of shares diluting this company. It's very simple mathematics.
Hi everyone! Just checking in.
Skunks, are you really trying to say that the reason why QBID is stuck in the gutter is because of this board? Do you honestly believe that?
The biggest problem for me is not that the stock is tanking, it's that management isn't communicating with us. We ALL know the stock is tanking. We ALL know it is diluted. We ALL know Qbid has it's financial problems and that the stock has its problems. So, then, why not just come out and share all the info with us.
Only reason I can see is that there is still a market out there for the shares. There is still enough buyers to dump stock. As long as we keep blindly buying the stock, Frank will NEVER give us the information.
As I've said before, if I had to make a suggestion, it would be that we all just HOLD our shares. You don't have to sell, but you certainly shouldn't buy any more until we get the info. We won't get the info as long as we keep buying the shares. Because why would Frank give us any info if there is still enough demand for the stock currently? Why come out and share info with us (most likely bad), if he can still dump shares without having to give us any info? The power we have is the power to HOLD our stock and not buy anymore. Show frank that there isn't any demand for the stock anymore, there are no buyers. Show him that until we get the info, he can't just go on dumping. This is all JMO. These thoughts are only thrown out for discussion and I do not want anyone to make any decisions based soley on what I'm saying. Best of luck to everyone!
Sputnik, it was a huge shock to find out that all this time, QTN wasn't owned by TMM (QBID) (though I guess it shouldn't have been a shock, considering Frank's track record). A huge question we should all be asking is WHAT THE HELL WAS I INVESTRED IN? WHAT THE HELL WAS TMM? WHY WAS IT SELLING STOCK? WHAT DID THAT STOCK SIGNIFY? HOW WAS IT VALUED? WHAT DID IT ALL MEAN?
I find it hard to take. Basically, we invested in nothing. And, our investment money went to something that we had no investment in. That's the equivalent of just giving your money away to some dude on the street. I don't know why that isn't illegal. I would be just as shocked to find out that it isn't illegal. Frank must have broken a few laws there, which is probably why he's trying to patch things up now.
Also, what the hell were those "private investors to .01" doing throwing their money into something that was just a shell and had no connection to the actual product or the actual business? I never bought that whole "private investors" PR anyway, but now it seems ludicrous. Also, how was it that Frank was paying to run things at QTN with TMM stock? The two were totally not connected to each other. Investment in QBID in no way was an investment in QTN, so how was it that Frank sold all this TMM stock as part of the business deal making processes, when all along the stock had nothing to do with QTN? He MUST HAVE lied to everyone. OR... he never sold stock to business partners or clients or for services. He simply made all the money necessary by selling stock to our stupid asses. How else can you explain it? Nobody is going to, for example, sell a studio by accepting stock that has no connection to the business and is just a shell that means absolutely nothing with no assets or products or revenues. Maybe Frank didn't use stock in that way, because he didn't have to, because we common investors financed the whole thing. That is why, now that QTN is part of TMM, Frank is going to leverage 30% of it (using QBID stock). He couldn't do that before, and therefore, there were no business deals before involving stock, and therefore, the whole thing must have come right out of our pockets. This is not good, and it's just shocking IMO. Maybe someone on the boards has a different perspective, though. This is all IMO, and I'm open to hearing any and all other ideas. GLTA!