Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is a public service announcement. Just a scorecard of the promised rollouts for those who may have forgotten the original PR. No analysis or critique is provided here, just the status. Not trying to hurt anyone's delicate feelings, rather just summarizing where we are to date.
On October 12, Qtrax announced dates for its rollout in nine countries in the Asia Pacific:
Australia & New Zealand- November 5th, 2009 (Missed)
Singapore- November 12th, 2009 (Missed)
Malaysia- November 19th, 2009 '(Missed)
Philippines- November 26th, 2009 (Missed)
Indonesia- December 3rd, 2009 (Missed)
Hong Kong- December 10th, 2009 (Missed)
China- December 17th, 2009
Taiwan- December 24th, 2009
Darth speaks wisdom, Indy, when he asks you "why ask the question"...
Instead of looking for the invisible, just review past predictions by posters in here and make your own conclusions. TRUST ME, there is plenty of easy to obtain evidence in here for you to ascribe a precise degree of predictive prowess to ANY of the relatively regular posters in here. Once you do that, you'll see where Chewy and I are coming from...
He just knows...
Like he did when he posted this 1/15/08 (#992)-
"Calm down RBR2 you have a good point, but i think they want to put out till the launch 1/27/08 - a few solid blockbuster news releases instead of coming out evry second day with something minor that will get overlooked in a DOWN MARKET LIKE THIS....
so just hang in there for now and its still a bargain at 0.06
pick up some shares and sit back and relax for the next couple of weeks until we see this stock at a minimum of 0.25 "
Posts like yours are why I can't stay away...
Germie-
Thanks for your input. While I'm not likely to agree with everything, at least you've dispassionately made your case.
I'm with you on #2. He's likely the only reason people answer the phone when Qtrax calls.
Oh, my pet peeve- it's "Allan", darn it...
rt
The "sport" comment was in jest, Lucky. I'll use emoticons next time.
I'm still a stockholder, and may see if I can lose even more $$ to the MMs day trading this slim sucker. But anyway, I'm hardly here to belittle anyone. I posted a contra position about the company based on historical facts, in response to some baseless pump, and Qurious and Global responded by personal commentary. Typical of some in here. Pot -> Kettle -> Black...
Yeah Lucky boy. I was the one who started getting personal.
Get real.
Just because a bunch of the true believers (and pumpers) take this stuff SO personally isn't my problem.
Very sad Chewy, I agree, but Qurious is much like Qtrax: past performance predicts future behavior.
I wonder why Qurious is so sure that Rosso is the anonymous industry source? Rosso trumpets his disdain for all things Klepfisz from his own website for goodness sakes. He'd LOVE the pub to be quoted in Cnet distributed fodder. These believers seem to be able to rationalize/explain anything...
Qurious, trust me, of the two people in this conversation, I'm the one "with it".
So here's your chance, Qurious. Pitch me. Tell me why things are going to suddenly start working with Qtrax. Share your Chinese revenue model, or whatever ya got. For someone who is so infuriated by my recitation of fact, I presume you've got substance backing your position. So, let's hear it. Convince me. I've some some cash to play with, maybe if you're successful I'll back the truck up. I look forward to hearing your rationale, as I am certain that your DD isn't limited to agreeing with cheerleaders and blasting those with differing opinions.
I think I'll stick around, Qurious. The entertainment factor in my life would be minimal without having you to "debate" with.
And here's more, courtesy of news.cnet.com:
"The company said barely two weeks ago that it would roll out in Australia and New Zealand on November 5.
For most start-up services, launch delays are embarrassing, but not unexpected. For Qtrax, this is only the latest installment in a year-long run of embarrassing misfires, lawsuits, unpaid bills and broken promises.
Within the halls of the top recording companies, Qtrax's setbacks have begun to take a heavy toll on the company's already battered reputation. To make matters worse, the ad-supported model has lost a lot of credibility in the music industry after the collapse of Ruckus and SpiralFrog...
"Qtrax is an absolute disaster," said one music industry executive who asked to remain anonymous. "It's an embarrassment."
<Qurious, the next part elaborates how Jay Berman has to clean up Allan's messes, as obviously AK's cred is SHOT>
"Every time something happens with Qtrax, Jay has to get on the phone and calm everybody (at the labels) down," said the music exec.
But the source said Qtrax, at this point anyway, is in no danger of losing its access to the labels' music. He said it has paid and the labels will most certainly accept Qtrax's money. "Why wouldn't they?" he asked. "But they haven't exactly created a lot of good will in the business or enthusiasm for their product.
"Qtrax hasn't instilled a sense of confidence that they can actually make something of what they have," the exec continued. "The only reason the (recording) companies have given content to them is because of Jay. If Jay didn't get on the phone, Qtrax wouldn't have its deals."
_____________________
Game, set, match, Qurious....
From Billboard (re-Qtrax):
"the legal ad-funded P2P client, which was the laughing stock of last year’s Midem"
From Daveandthomas blogspot:
Qtrax, Another Embarrassment For The Music Industry-
The morons at Qtrax launched their site anyway which will be their end. The damage caused by the circus surrounding Qtrax has left most critics laughing and most record labels angry. Tens of millions of investment dollars are now lost. Or at least in different hands. Also, the fact that the record industry would even support a P2P system gets people livid. People have be hearing for years P2P was evil and you would instantly go to Hell if you tried it.
From Afterdawn.com:
"It's hard to feel too much sympathy for Qtrax. Many people would like to believe Klepfisz is saying, but so far he's not really saying much. Fool me once, shame on you. Fool me twice, shame on me. "
________________
As for Robin Kent, yes, I perfectly well understand his ex-position at Universal Mccann (a company he neither founded, nor is he any longer affiliated with) and that he has marketing credentials. But germane to he subject of QTRAX and the music biz, his big foray on his own was the failed Spiralfrog brand. Coke and Loreal were successful long before and after Robin Kent.
You stammer about "buyouts" that AK has "turned down" (as if AK has the sole power to sell out a publicly held company. Do you EVEN UNDERSTAND how investing works, Curious? Speaking of funny...)
Disregarding the absolute lack of logic and reason regarding your buyout "point", you actually say he wouldn't take $80 million if he could!
Now THAT, Curious, is the FUNNIEST thing I've EVER read in here!
Eagle, nice try to keep the faith, I admire your energy in the face of disaster.
I have to disagree with your generalization and simplifications with respect to BLLN and the economy. Brilliant is exactly where it is (de-listed from major exchanges, devoid of working capital, and pretty much a laughing stock, pun definitely intended...) because of its own failures, NOT the economy. Apple just acquired Lala for $80 million (according to reports I read) in cash, proof the the market does appreciate a company who actually has a product and credibility in this industry. Klepfisz has ZERO credibility in North America, hence his retreat to Asia, where the same pattern of failed promises (or "lies" as my grandfather would call it) is doing him (and us) in once again.
And seriously, let's not get too excited about "board members", ok? It's not like Robin Kent (who, as far as I can see, has his greatest success being the croaking of Spiralfrog) is a functional director who has day to day responsiblity within the company. I doubt he is even compensated by BLLN, but do to the non-reporting nature of this company we can only conjecture.
The economy IS tight, Eagle, and banks (whether in the quasi-citystate of Dubai, or Las Vegas, NV) ARE failing, and this is because of the real estate bubble, but real companies continue to succeed. Weak ones will just die more quickly, and let's face it, BLLN didn't do well prior to the market meltdown. There is no rational reason to expect anything positive or future success from BLLN. One can feel that way, that is their right but that feeling would be based on "faith", not facts, and certainly not past performance. And I for one have had enough with religion.
Darth, I don't have, nor have claimed to have "sources". I merely pop in to remind the uninitiated that those who promise something positive "will" happen with BLLN, as you did a couple of posts ago, have no basis for their position and a demonstrated track record of being wrong.
Nothing personal.
Don't be silly. Darth has never had anything "behind" his optimism. His "sources" are as real and as accurate as the Qtrax rollout schedule.
I heard next week is THE WEEK!
Buckle up, ladies and gentlemen, this candle is lit and the rocket is BLASTING off!!!
Who wants to ride right seat in my Gulfstream??
This is NOT news. It is a regurgitation of the same language we've seen about the Baidu "deal" since news came out. Nothing to see here folks, move along...
Heck, Germie, I'll send money to AK now if that social thingie promises to stem the growth of Facebook and the raging narcissists!
rt
Lucky, I wasn't clear in that you were reciting Kent's comments. I wouldn't have inquired if that was at all obvious. You wrote-
"Qtrax will make substantial money from ticket sales ,t shirts,hats and other mechandising.They are also considering other revenue models which don't rely on advertising,but remain under wraps for now"
without ANY attribution of any sort. On the surface, this seemed like the kind of misleading nonsense that is often pumped in this board. And if anyone says "Qtrax will" in here without disclaimer or backup, expect me to pounce. So far, there is no "will" with Qtrax. I'm not even sure there's "might". Sorry it hurts Defuser's feelings to be reminded of it, but the pinkies is no place for the insecure.
That is a very interesting position, Lucky, and one that presumes BLLN has suddenly changed its stripes.
All one has to do is review the MIDEM massacre, the failed US launch, the failed iPod compatibility promise, and the rolling Asian failures we're now experiencing, and it is obvious BLLN has no problems whatsoever discussing or even promising what they can't deliver.
In fact, as it is clear to everyone that funding is the issue, if QTRAX actually had a magic revenue model in the hat there's little reasonable doubt they'd be letting everyone know about it, so as to "ingest" more, umm, investors.
I would be interested in learning about the details of "other models" that result in revenue to Qtrax, while also being free to the consumer that do not involve advertising as you say. Please illustrate.
Volume is around/less than 800,000 shares or around $34,000. WHAT are you talking about?
Eagle-
Please don't allow me to interrupt your pity party, but in the TOU reminder for Stock Specific Boards it reads, and I quote:- "Do not post about other users"..
Yes, I read your post, prior to deletion, and I have the following simple question-
WHICH part of TOU reminder do your find unclear?
Man up, follow the rules, and keep posting. Or not. Just spare us the victim's line. And remember, this is someone else's board. We're guests/visitors/paid customers here. Posting here requires OUR consent to THEIR user agreement.
gtd
Chewy-
Not only was this line of yours probably prescient ("If it was a significant deal, qtrax would have gone flying out of the gates. Qtrax are probably paying for this baidu deal, and down the line they'll claim that since they never launched in china, they shouldn't be paying baidu, and who knows, maybe we'll start seeing lawsuits there"), it also is the FUNNIEST thing I've read in here, perhaps ever.
Morbid, yes, but darn amusing!
Nice work!
gtd
Eagle-
Quick question- did you confuse "negativity" with "objectivity" and if not, could you please explain the difference as it pertains to BLLN and this thread? As usual, I am confused.
Thank you,
gtd
Benny, either you didn't understand the question or you don't comprehend valuation.
You were asked to defend your $1/share price proclamation. Instead of doing so, you detoured into a bizarre quasi-explanation of market cap. So in the spirit of the holidays, let's give you another chance.
PLEASE explain with detail your analysis supporting a $1/share price. A technical summary would be great, but if not available I shall surely look forward to reading your take on the fundamentals of a company that has publicly botch every single thing it has promised all while delivering zero revenue.
So, let's hear it, Benny.
Either review the history here or spend time learning. The answers or at least, theories wrt the MMs aren't hard to find. DD involves work.
I really suggest that all become aware of the risks and manipulation intrinsic with pinkies before coming in here in search of the quick buck. It's nothing less than lambs to the slaughter.
Well heck, at least you're honest! That's kind of rare around here...
What do you base your analysis on, Webz? How do you quantify "stratosphere"? Have you taken into your analysis the very real possibility that the business model itself is doomed? If it's potential was so obviously "stratospheric", AK and the merry band of thieves wouldn't be this cash poor and reduced to begging for startup fundage.
Let's try to make informed predictions in here. Optimistic, pessimistic, whatever, just back up what you say with something rational and verifiable. We're all sick of the pump.
Fair enough, Darth. We certainly are in dire enough straits with the going concern issues of this company to waste time turning on each other. Would you say it's reasonable to assume that the "team" has abandoned serious efforts to launch anywhere other than China, or is there actually momentum with the failed launches?
Darth,
Must I explain the obvious? I'm here for good. Quit asking me to take my toys and go home. It's really unseemly.
As long as there's nonsense being pumped, I'm going to speak the truth. Koolaid drinkers might as well quit asking me to leave. If my take on things is too much for their delicate psyches, they can always skip my posts. It's that easy.
I hope you're sincere about providing information because I would appreciate anything solid you might have. This whole BLLN story has been completely unbelievable and any substance you can deliver may help us piece it together. Just spare me the horsesh!t about how hard "AK" and his team work and how we mere mortals can't contemplate his sacrifice or the magnitude of his task. That's just garbage.
Darth, I really was touched by your soliloquy, but instead of focusing on the PROBLEM, once again you seem to blame those who have nothing to do with the continued failure, and instead complain about being reminded of this embarrassment.
Posting in here about failed and false promises is NOT negative input. It is "telling it like it is.. The truth will set you free.
I find it personally offensive that you celebrate the current management who has been living "high on the hog" on other's dimes, promising the world, and continuing to deliver nothing. How dare you insult anyone in here about what they are capable of in the business world and compare them to these fakirs. That is offensive and ignorant. You know NOTHING about any of the "investors" who post here, so your comparison of them to "AK" is beyond meaningless. "AK" has proven to be a liar, a fraud, a snake oil salesman, and a man who isn't good for his debt or word. These are FACTS Darth, not pump, not pluff and certainly not speculation. You should be ashamed of yourself. Who cares if "AK" has a "dream" if he can't be trusted?
Your explanation of "balance" being the rationale behind your "information sharing" posts is either disingenuous or insane, I'm not sure which. And let's face it, your track record with respect to shared information is poor. I only wonder how many folks have lost money believing you knew what you were talking about.
I hope there is a launch. PPS doubles I'll be excited to buy a new universal remote control, or something like that. But you, like everyone else, like me, can't begin to promise what a launch EVEN MEANS. This business model could be a success (a slim chance at this point), or it could be a failure (what the market says it is by its lack of capitalization). Yeah, I believed in this thing at first blush, but now, even a launch hardly means success. One would have to be insane to believe a company that has yet to earn a dime, with this one's track record, is on the verge of greatness.
And Darth, the man's name is ALLAN. Please let me know when ALLAN's sacrifices extend to flying COACH on his junkets.
Right on Hendu! You've got that CenDo spirit! I'm stoked this "investment" is working for you. Even at maximum position, this was hardly a material part of my portfolio, but I am glad that there are some folks out there who thrive on a low volume pinkie. KTF brother, you're doing good work!
Amazing, isn't it, Chewy? The reactions in here to nothing more than a recitation of facts provokes childish personal insults. Sort of like the way a toddler behaves when s/he is told it's bedtime.
What's your take on how this thing rolls? As diluted as we already are, I'm not optimistic that the BLLN S/Hs have much to gain here, as the only solution I see to this mess (other than, or perhaps coupled with the termination of Alan/Allen/Allan/AK, is an infusion of VC money which certainly won't be forthcoming without us taking it on the chin). There is no rationale argument that there will be no launches without a bargain-hunting knight in shining armor.
What do your sources tell you?
Germboy-
#1. It's Allan.
#2. Unlike some in here, I can differentiate between Allan (a proven liar and cheat), and Qtrax. I originally "invested" because I believed in Qtrax. I don't believe in the current management. They've done absolutely NOTHING to earn my trust, rather, my scorn is the least I can give them. Some of you guys need to wake up- following the current team means continued disappointment and loss of wealth. And my saying that in here is NOT the problem. Execution, Germy, is the problem. Perhaps this pig can be saved. But it's time to get the crooks out. Man up. Don't blame the messenger. Save the blame for management and the pumpers.
Have a good weekend (seriously).
Why Defuser, whatever are you talking about, and what has happened to your manners? My sources say this thing is going crazy, I'm just spreading the word.
And last time I checked, I am not in any violation of TOS and you, sir, certainly have no power or authority here.
KTF, brother!
Chewy please keep the faith. AK/Alan/Allan/Allen is working 25 hours a day, 8 days a week with no food, water, or restroom breaks. His vision will be monetized to our advantage as Qtrax represents the future of music commerce and distribution. I expect p2p traffic to drop to zero once the guaranteed good/definitely gonna' happen Chinese launch occurs on schedule. Mark my words. The best and the brightest in the industry are vested in this one my friend, and I hear big things are right around the corner.
NOW I get it, Global- you're being sarcastic!
Very nice, you had me going!
Thanks, MoCho... I'm incredulous that there's a Galleon tie-in to boot. Irrespective of the connection of this soiled attorney, it's absolutely impossible to imagine this saga getting weirder. But KTF, MoCho, this thing is going to go BIG!
Don't bother, Choc- The pumpers will try to ban your posts while continuing to propagate the mass hysteria that is BLLN. Believe it or not, the quality of information in here has actually gone DOWN in the last two years. It really defies explanation, then again maybe it doesn't, in the words of sage/songwriter Todd Snider -"They wanted easy money...strange but its true....Yeah, the most you can possibly get...for the least you can possibly do..." Hey, have you heard the one about how posts in here affect the trading of BLLN and is actively read by Allen/Allan/Alan/AK?? It would be comical if it weren't so sad.
Qurious, my dictionary defines the noun commercial as "a television or radio advertisement". My Thesaurus shows "advertisement, promotion, display, informal ad, plug" Let's not waste bandwidth on tedium, ok?
The "massive achievement" you speak of is already available for a fee for everyone who has an iPod Touch or an iPhone. (Zunes probably have this capacity as well, I don't know.) Yet the VAST number of users of this device that buy their music do so from the computer's iTunes portal, NOT their portable device.