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Interesting point there about selling shares in Qtrax, not the parent company, without telling SEC. I might add, not telling parent company shareholders either.
...not too many days left, imo. Mid to late June. Why do Americans talk so loud and so often, by the way?
...the labels, what's new, sherlock?
Listen.
Focus.
imo, something decisive will happen in mid to late June, positive or negative...I think it's a knife-edge balancing act.
That is all.
imo, something decisive will happen in mid to late June, positive or negative...I think it's a knife-edge balancing act.
That is all.
How long having you been saying SOON(ish). What now, June, 2009(ish)?
PLEASE EATS THE APES!
put a cork in it, dropkick.
Tell all the successful litigants, bozo.
I wouldn't bet on it - but then again, I'm not you, am I. But if they are, there'll be legal ramifications, imo - you can bet on that.
Humor you? Why? You are humorous enough. I don't see many people here saying what great value the pps is at the moment, do you? So why do you keep harping on about it? This company needs to start generating revenue and real soon, that's what's on my mind...but you aren't into reading much are you?
Roasted peanuts, chief, that's the go - you'll make a fortune - and totally free market as well!! Right up your alley eh.
Tell me something I don't already know, sherlock. I don't do downloads,wise guy. A "market player" are you? Hahaha. Roasted peanuts would be a better deal, buddy.
You'll no doubt be the last to know. I think you just sound off, buddy, and you don't know squat about what's going on.
How's the roasted peanut business going, friend. Should be picking up in the recession there I would have thought. LOL.
One thing you should know, friend, to keep in your free-market view of the business world - you can get sued for causing loss to other people. So, if you think people can do what they like, think again - ask some of the execs in the United States who are subject to SEC action now.
Yes, fella, I have heard of the spin off, but in my understanding it hasn't happened yet, but you seem to imply that it has. I just want to know if you actually know something about it, or you are just sounding off.
How do you know there is a spin off? If you know, what are the terms for BLLN shareholders. (Everyone, don't forget that as BLLN shareholders, you OWN the Qtrax product. You are entitled to compensation if that product is to be alienated from your company, imo, that is what the law will say.) You cannot simply get people to invest in something, then give it away without compensation. It does not matter, imo, that there are no reporting requirements, that is a totally different issue.
You think that's how the business world operates, do you?
That's scarey. Why do illegal downloaders get sued then?
I would think they would be of course. People don't like to have their music downloaded without being paid. The license fees are only for permission to use the catalogue, they don't cover payments to artists, imo, that is supposed to come from ad revenue. Ah well,another minor detail that will all be taken care of on the big day, I guess is the view. Funny, some certain parties don't like to wait for hollywood endings do they.
So, does that mean they while they are waiting to do what they are presently trying to do, whatever that is, there are huge numbers of users out there downloading music, for which royalty payments have to be made to artists from ad revenue which doesn't exist, because basically, they don't have much. Does that mean they now have to raise more capital to pay the royalties, as well as the international rights?
Gee, we should live so long!
Wow, what a plan! I think the "plan" is a hollywood ending, which unfortunately, rarely happen. Let's hope the hollywood ending isn't a hollywood bankruptcy before the big "launch".
what will you see at the end of June?
It's probably the Hollywood Ending syndrome at work.
'bankrupt' is a formal term at law. As far as I know, the company has not entered bankruptcy. So, your description is emotive only, it appears. It is an uneducated use of the term at best.
You are absolutely correct, LTDnetwork is an Australian registered company. It is also closely involved with Brilliant Technologies, a U.S. company, of course. AK is the director of both, along with others, I believe. All directors of a company, in Australian law, and I would imagine, U.S. law are responsible for the actions (or omissions) of the company.
I agree, it is low class; but what is being posted is sometimes consistent with other stuff, that's why it is concerning. I do not believe all the lawsuits are "old", the more that is posted, the more I think there could be an avalanche building. One of them could well be the last straw on the camel. If BLLN fails, like any company, as far as I understand it in western law, shareholders come way after creditors in the priority line, and that, I think, would include shareholders in qtrax. Qtrax is a product ie an asset of Brilliant. Look at my previous post, and check the link:
http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/ASIC14_09.pdf/$file/ASIC14_09.pdf
That is a current situation.
Excellent work,RR. Thank you. I have been searching but not knowing the system not coming up with anything.
I don't think it's a great idea not knowing what all this is about in the background. If it is big enough it is a threat to everyone's investment in my opinion. Why are people taking these actions, what are the causes of action i.e. the claims.Are they ordinary shareholders - like us?
Here's a link for you...
http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/ASIC14_09.pdf/$file/ASIC14_09.pdf
scroll down to page 24 and you will see LTDnetwork listed for de-registration within 2 months of listing in February 2009.
That de-registration has not happened yet,in my understanding, the government gave an extension to October 2009, at the request of a third party. They do not do those things lightly, there has to be either a legal action commenced or pending, or a serious complaint against the company to stop de-registration. (The fact that a company remains registered keeps it within the jurisdiction of corporations law and it and its directors potentially subject to legal action.)
So what you don't know of isn't a problem, is that it?
It isn't without good reason right now, in case you didn't know.
How do you know it isn't new? Have the number of lawsuits been increasing? How many is too many? What happens if they can't be paid? It is dangerous in anyone's book if it is true. Why don't you ask who the lawsuits are by and what for if this guy knows so much? Criminal charges can carry jail sentences - what are the criminal charges? does he actually know?
You know where? How about why? lol.
Where is AK at present? That might be even more relevant.
...and the reverse merger enabled a Nasdaq listing because ATI already had one but LTD didn't. That enabled a NYSE listing on the OTC board which has downgraded to the pink sheets. Why would you want to list on the Nasdaq?
That would be the James Samuelson on the Board Directors(?) who has lodged the lawsuit on 22nd April just gone claiming $1M, with the cause of action being "securities fraud", would it? (I know that's a pretty negative fact, but it seems to be a fact nonetheless. I'd really like to know the nitty gritty of this claim.
So, I guess you're not taking a lawsuit.
Have you got your Qtrax/Blln ratio shares yet?
"Something huge is on the horizon, just sit back and watch".
Ok. Sounds like a good line from The Titanic!
Fair enough TC and Lopaka for your positivity, I hope it is based on watertight knowledge.
Sounds like the fox needs to stay well ahead of the hounds at this stage.
I'll bet you keep reading the posts, because you know you need to know what might be going on. It affects your investment, and you know it.
There is no assurance of even a chance that blln will succeed financially so that any investors, that supposedly includes you, will see their money back, let alone get a profitable return. There are earning NO MONEY (or not nearly enough), it is mostly capital raisings which dilutes your interest. How much of the capital raisings go to remuneration? You don't know, do you.
So the people who have taken lawsuits have no chance without blln? So why are they taking lawsuits? Do these lawsuits get settled before they get near courts? Why?
You should be thankful that there are people prepared to ask these questions and can see both sides of the story. One side only is one-eyed.
No, I didn't invest in ATI. I thought I had made that very clear. What I invested in fell over, then the can fell over, and now it is this "project". I have no proof that this is going to succeed, there is no communication at all with investors, and the share price continues to go down under the weight of massive dilution; and you think any right-thinking person should be grateful for that? Give me a break, you can't be serious. You find me repugnant - as you might have noticed, you think I particularly care about that?
I'll share what I want to share, and what I can share. I was going to say that I'm sorry to hear that you bought in at $1.20, apparently into AVDI, and have had to chase this down by buying more. That's a big ask.
There has been a move recently to de-list LTDnetwork as a registered company. That has been stopped, I understand, by a heavy duty party. It will have ramifications for the whole thing, unless it is managed very carefully.
That will mean more to LTD shareholders than the former AVDI shareholders, I realise that, but if there are more lawsuits and this company loses the cases, then that could have a big knock-on affect on blln and qtrax. So, despite the system being a great download facility, there are other really big problems possibly brewing in the background. These appear to be - appear - significantly from disgruntled investors. It will be a big problem if it turns into an avalanche. So, if it was up to me, I wouldn't be telling anyone to buy more shares in this, and I wouldn't be saying everything is fine either. It isn't.
There you are, you've been told.
Here's the link (again):
http://www.search.asic.gov.au/cgi-bin/gns030c?acn=090_697_537&juris=9&hdtext=ACN&srchsrc=1
Do you appreciate what you are looking at there?
Don't take my word for it then, how about you go and ask James Samuelson's lawyers then, chief. They'll know a whole lot more than all of us, you included, I'd say.
I ask questions and don't make uninformed statements. If you don't like it,that's not really my concern. Just because someone appears to know something about this, and it might happen to be more than you know, or is something you don't want to hear, doesn't mean it's elitist buddy. Get real. And it's not my job to educate you about it. You've been in AVDI for 8 years I'd say, otherwise you'd know more about this than you apparently do.
I don't know about any rollback, what's that about.
LTDNetwork is an Australian-registered company. I have posted this all before, no need to go through it all again. If you want to know the background to this, that is something you should do or should have done under your due diligence. You were lucky when you invested that there was a track record already. It isn't my role to do that for you now, you can check it for yourself. If you aren't interested, that's up to you. There is a whole history of LTDNetwork with apparently thousands of people who are invested in it. Those people aren't going away. You didn't know that did you, you think it is all BLLN and ATI.
As for Darth, what he regards as negativity other people call realism. He will find that out if these lawsuits succeed and the company can't pay the bills. It is the responsible thing to do imo to put both sides of this on the table, not just the 'everything's fine' view that tends to get posted here.
Everything's not fine. This investment was not a penny stock originally, it was a penny stock when you latecomers decided to invest. The people with the real courage invested at a whole lot bigger price than that in my humble opinion.