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It could be a ploy
considering the language issues are going to be huge according to Darth, they can always come up with some excuse at the last second and blame language issues for defaulting on the launch date. They can't pull that with the USA. Also, the stats from Asia appear to be very enticing, which is what they want to do with potential funders. I still think it's ludicrous that Ak would tell the media they are ready to launch once more, without securing all funds to do so. I think they are stalling for time. We've gone from an april launch, to a may launch, to a july 22nd launch. And now it's october 29, basically november. This whole year has been one large carrot dangle. Unless Ak can prove that the paper work for all previous debts and lawsuits has been cleared, and that all funding has been secured for a launch, I don't expect the market to take him seriously. Today was probably just more manipulation by the MM's to make it seem like the market really dug the news, while they quietly unloaded more of their positions.
yes I wonder what his excuse is going to be
for setting a launch date, that may be still tentative. Darth I have a hard time understanding your rhetoric. What does this infer? "the October launch date is to prepare Asia for the qtrax storm" Are you saying the launch date is not to actually launch, but to prepare people? Please explain your rhetoric.
I will try to get an exact figure.
I meant there were no funding specifics in the PR, like in the spotify PR. I was really hoping they had the funding to set a launch date. Looks like AK is doing what he said he wouldn't do, setting dates before all funds are secured.
that gives zero funding details
don't forget the past history here. Substantial funding does not mean 50 million. My point is they don't have the cash yet to launch. My source is or was one of the 3 largest shareholders. He claims partial funding is in the bank.
ohoh, they only have partial funding
I just found out. That means the launch is not in the bag yet, and is probably why it's 2.5 months away. They are taking another chance setting a launch date, but hey I guess they've always been big on taking chances. I'm a little disappointed though. We should have seen it coming though as nowwhere in the PR is funding mentioned. Let's pray this is one launch date they can pull off, but it's not a given yet.
looking good so far
MM's driving it up. The question I have, and hope it gets addressed in next blog update is : do we have the cash in the bank to launch , or do we expect to have the cash.
strange responses from Ak
it seems once again he is justifying a non payment to vendors by claiming there is more than meets the eye going on. And that the information would be forth coming. ""The facts will emerge in due course," he said. As for Millennium, Klepfisz said there was more to the story than what was in the court documents" . Sounds like another grassy knoll theory in the making. Ak is also claiming that their' lack of payment to millennium was justifiable " "By and large, all our vendors have done an exceptional job," Klepfisz said. "There are occasional exceptions. We feel we have a basis for this action (with Millennium)." The article continue with :Klepfisz's statement suggests that Qtrax was unhappy with the quality of service it received from Millennium. There were, however, no complaints from Klepfisz when he responded to Millennium's demands for payment, documents show.
good point
which brings up a very important question. Why have so many promises been broken by potential funders? Do we know anything about this? Knowing that AK was going to set launch dates based on these promises, is there any chance they do it on purpose just to give qtrax a bad rep? Not that the rep is so bad, but it doesn't help
Good writing
whatever hendu
you are wrong about me, but the rest of your post is decent.
nice
I assume what you are saying is the source is doing what ever he can to make the carrot extra juicy. Darth has never been a stickler for accountability, so he is easy manipulatable. We were supposed to see a blog update, and Darth completely forgot about it. I guess Ak did too. Does anyone care that yet another promise from the source was broken? Germy, I have a feeling you have a similar source as Darth. I say that because you said we would be seeing something very big in the last update, and we did not see anything big at all. Nothing personal. Stay on your' toes is all I'm saying because those sources only have their' own interests in mind. The nerve of them continuing to manipulate you guys, it's pathetic. And all the pro-punishment people on this board scream, "give us more, we love being lied and manipulated!"
still playing the carrot card?
why is it I highly doubt we'll be seeing news next week? I would love for it to be true, but just like lasts weeks carrot dangling update never happened, I will no longer put any faith in anything your carrot dandling master source says. Sorry, but the boy has cried wolf once too many times. I'm sure you've noticed, our birch chirping friend has flown the coup.
nice post Darth
something with meat in it at least. I still think that trying to bite off more than you can chew IE launching in 7 countries to prove up revenue right out of the gates is a bad idea. Who are the greedy minds behind this reasoning? Is it because of greed that this is taking forever? I hope it's not because of greed, that the impossible, will stay impossible.
poor Darth
I feel for him. He's always been a good person, and reached out to many here. He thinks I am against him, but it's his source I am against. I despise manipulation, and I realized that that's what was going on with him. Mocho, thanks for chiming in. Today I pondered on this concept of why we needed mad amounts of money to launch. Lucky suggested that for 7 countries it would require lots of money. So I'm thinking to myself, why not just launch in one country, and see what the reaction is? If the model can prove efficient in the USA, then it could probably work elsewhere. I know that to make the revenue model efficient it will take more than just users in the USA , or at least that's what Ak is throwing out there. But if you can prove the numbers in the good ol' USA, then you can prove the numbers will add up elsewhere, and in the end it will all tally up. What I fear is that AK is afraid to prove the model locally, because the model may not even be all that. If the model fails locally, then it's all over. AK doesn't want that. So instead of testing the model locally, and risking a failure, he will prolong this venture as long as possible with the promise of launching in many countries. A question for lucky and qurious. Why do you think Ak won't just launch locally(USA and canada)? Would you agree it makes buissness sense to see if a few people want to buy your apple pies, and then expand the buissness accordingly? Does it really make sense to deny local customers because your' vision is of a global domination, yet you will delay that global dominance interminably because your' own greed to dominate the world gets in the way? Something is not adding up with this 7 country launch spiel. I think Ak does not want to see this service on the market, and will continue in this fashion for years. For all I know it makes him feel special to fly first class and stay in 5 star hotels. Wouldn't it make you feel special too? Would you want that to end? I don't think so, and I think Ak feels the same. As far as I know he has nothing under his belt to fall back on, so why stop the fantasy now. I just hope he has pocketed a bank roll and can one day pursue his other dream of a local kangaroo ranch in his home town in australia.
"..$5 million would not even cover the bill from Kent and Ford for the first 90 days advertising campaign.."
what advertising campaign? You are obviously making these numbers up. last time you spoke of Kent And Ford and their' shock and awe advertising campaign we saw zero. If you waited 7 years, you can wait another 2. Sorry Sirrocco, wasn't aimed at you.
I had heard they had 3/4 of the funds
but that was probably more BS coming from Weck as he quietly unloaded more of his position. . If they had 3/4 of 40 million then oracle and warner would have been taken care of already. In fact if they had any money at all, they would have never let the situation with oracle get to the point of lawsuits and bad publicity. Which leads me to believe they must have very little money in the till. Probably just enough to fly Ak around. As far as "rights bodies in each country need to be paid", do we have any clue what that means cash wise? Aprox 5 million is needed to pay oracle and warner. That leaves 35 million for the launch. I highly doubt AK will be in a position
to set a launch date anytime soon. If in 8 months (this year) we were not able to pay warner 3.5 mil or oracle, then how long do you think it will take to accumulate 40 million. By my calculations that puts the launch a few years down the line. What's everyone else calculating.
good post grovertdog
some of my posts have been tongue in cheek, sorry if you didn't get it. What bothers me is this notion that we need 40 million dollars to launch, without any explanation as to where the money is going. I would rather believe Ak show me the money that we only need 5 mill to launch, as that sounds like a goal we could reach. 40 million puts the finish line very far away. If we can't even pay warner and oracle, where will we get 40 mil? I'm not sure which finish line you are referring to Sirrocco,
hopefully you don't mean the end. I'm tired of hearing "tentative launch date" , "next week should be great" , "bigger than we expected". Darth's source seems to think we are a bunch of idiots. Are we?
20 million is to flip the portability switch ,
the other 20 million is for the international download switch. We also need 2 million for oracle, and 750 k for warner. On top of that you can add publicity (200 k), 5 star hotels and first class flights (25 k x12), and 2 grand for AK's all you can eat lobster monthly plan (x12). The complete roll out in 7 countries will also demand a 75 K fee for Kent and Ford's "Shock and awe"" promotion. This is the basic funding layout for what is now being called "potentially the most relevant moment in music consumption history know to man"
".and i do not think it was just a pump to get me excited....my source is not like that...."
I heard he was. As far as these huge numbers you throw around for a launch, have you any clue what the money is being used for?
I agree on the funding discrepancy
we've heard everything from 25$ checks being handed over to Ak at luncheon galas , to rumors of 75 Million in financing almost in the bag. Like Darth said about funding , you really need to think large, and outside of the box. There's a lot of big boy's eyes on this gem right now. I wouldn't want to be on the sidelines when one of the heavy weights steps up to the plate in the coming years, as you'll be paying a 20 X premium to buy any available shares. Qtrax is the apple pie of digital music, and within a few years everyone will know that. If you've been here 7 years, hang in there just a few years longer. Stay the course, this will be bigger than you could have ever dreamed of.
TKS Darth. I will back up the fleet.
The market share potential here is larger than a digital music tsunami, and your' source has always proven that correct. I wouldn't be surprised if the emperor himself didn't step up to the plate and hit a home run for us in the coming days. The hugeness of the potential here is overwhelming at times, so I don't blame Ak for jumping the gun , and setting dates he couldn't guarantee. But I think according to Darth's source, we are so close that AK is starting to get the itch again. That is not reason enough to back up the convoy, but it's definitely reason enough to back up the fleet.
good stuff
thanks for the update. You've called it pretty well in the past, and it's not like you are offering the moon. Good to hear some reasonable calculations. Anybody speculating how the launch money is being spent?
"where did you get the $50mil number."
what did you hear on your' end Germy. More, or less?
ITM is just playing head games.
he is making a mockery of people here with their' sources, and the fact that big things are always promised yet rarely delivered. In the same posts he is saying completely opposite things. When he says " Mark this post", he is poking at those who used to say that. "So I really enjoy messing around time after time. "
tells it all. He also realizes how starved and gullible we can be, so he is feeding into that.
I think I'm starting to get the lingo, thanks ITM.
My source says it's closer to 75 Mil though. You retail guys have to start thinking outside of the box. I didn't want to let the cat out of the bag, but tonight I found out what all the silence has been about. Let's just say they have been holding the PPS down for a reason. Forget about the .02's next week. You weren't kidding when you said the Big Boys. Cheers. Glad I grabbed another 200 k after the last blog update.
something went terribly wrong
hi friends!
it wasn't me
hi shot
I'll be at home. Call me,
you can't resist can you?
makes me wonder what kind of an environment you grew up in. Not only do people in cyberspace think you are not solid, you continue to advocate such a viewpoint. If you were an honest person you would admit how much you are under on this deal, and that would give everyone all they need to know as far as your MO. But alas, you prefer gutter talk. I still wish you no harm, and I hope for all of us that ak pulls more than carrots out of the hat. Amen?
thanks newguy, good to hear.
I think what is crucial at this moment is for AK to give up as much of the pie as possible to get us out of the gates. If he remains greedy, then this will take a lot longer, and may never come to fruition.
we haven't lost it yet.
Shot's group threatened to sell off their holding within a month of his post, and you guys thought that was great. The moment Ak stops lying, I will stop my banter. How's that for a deal? If he continues lying, I will continue to report on it. You should be a lot more worried about the people who presently own blln, than potential small time investors. Lucky is not logical. He claims we weren't lied to about the last three launches this year, never mind midem. That kind of reasoning is not kosher. I suspect that big time investors are on to Ak, and they don't believe him anymore. Maybe the model could be a cash cow, but Ak's non chalance towards what he says is turning everyone away. Forget about the forums and blogs.
Show me proof that a big investor got turned off by our' posts, and I'll believe you. Look at the update, look at what was proven. Has way more influence than any comment on any board or forum. Sorry to bust your' bubble. The stopped my posts because of inthemix's post. Avdi and lucky are desperate, and dirty players and they took advantage of that to make a great big deal about it. You don't think it's obvious?
are you talking to Ak?
I don't think he has ever gotten any product off the ground. He has no record of success, and the way he is playing this one proves it. Ak must be greedy to not have let someone partner up on reasonable terms. I'm sure it's because of the terms he's been demanding that we never secure the funds. At this pint I would say give up more of the pie, and forget about that private island and the private jet. As far as my game, I do great in buissness, and my last client only today said "amazing" . It's only because my buissness does do so well that I can afford to post here as much as I feel like it. Too bad the conned me in, they picked on the wrong guy
don't worry
everybody heard you loved it in jail. I called it last time you would be back in jail soon, and you were. Your' tongue is beyond reproach, and you accused crappy with out any proof while calling him all kinds of vile names. If you can keep your' cool, then you may learn what it mans to make money in the stock markets. But the way you react shows you never bought a winning stock in your' life.
you guys play dirty
lucky, darth and qurious . You encourage non dispute over incriminating evidence. You try to get people banned from boards. You are desperately hoping that you haven't been lied to, and because you have zero experience in the stock markets, you will do anything to tip the scale in your direction. I don't care for your' small time retail mentality. A lesson learned is a lesson learned, even if it's a hard one. Because I am beyond thinking I am always right, I am willing to look at the what is really going on. I was wrong. We were lied to. The sources have ulterior motives. Capich?
k, well at least you are sounding calm.
As a few people pointed out, unless the launch is in the bag, don't claim it is. It is an out right lie to set a date on an assumption that promised funds will be delivered. (Lucky you obviously don't do buissness) If you want to remain in buissness, you can not tell a client you will in fact be delivering merchandise at their grocery store if you don't know for a fact you will be able to. I disagree about everyone wanting an update. Just the opposite.
But why go out on a limb and say you will be providing an update if you didn't even know you would? That again is terrible buissness sense. You are right about saying that the potential big client will look at every aspect of the model. They either think it will work or not. Has nothing to do with blln investors. If you think that tiny percent chance is what is going to save us, then we are in more trouble than we think. There is no way that that tiny chance will tip the scale. If that's what they are feeding you, then take heed. What are the other guys on the A-team telling you, that's what I want to know
basically what you are saying is
if we want to break even, we should encourage people to buy the stock even if the CEO is lying to us. Lucky, that is wrong, plain and simple. But it shows the level of scruples, or lack of that is rampant around here. You need to learn your' a lesson in morals. Maybe you were lied to, but continuing in the string of deceptions in order to bail on the stock is not really all that cool. You want to bail at some other person's expense? I knew there was something un trusty worthy about you. But heck, I love you anyways. This stock got the better of most of us, and one day you will realize that. Harrysdog says down the line he will create a support group where we can all lick our wounds together as a team. In the meantime, the tug of war between those who believe lies, and those who don't will continue.
it's not about impatience.
it's about lying to me, to you, and to the media. If AK told us that he thought that at the rate were were going we may launch by the end of the year, then I would relax and let them do their' job. But when he dangles one launch carrot after another, I freak out. That is extremely abusive behavior. The only thing I can think of is some of you are gluttons for punishment. I want it to stop, and I want Ak's communication to cut out all the fat. Major shareholder WECK is flying the coop. Do any of you care? The sources have been costing us plenty of heart aches and cash, yet you guys say "thanks" keep feeding us wretched shareholders more BS. How's that update going Darth? My source did not dry out, and no I don't consider him a friend. Big mistake to start thinking the sources are your' friends, and coming here and showing off about it.
haha, lucky, that's typical retail mentality
first of all, are you getting worried? Secondly, it's not up to us to effect the PPS via pumping and blind faith bowing down to anything that AK says. The PPS went up after the update due to manipulation. I highly doubt we would have broken resistance based on staying at our' best behavior. It will take millions of shares to move the PPS, not just a few 100 k here and there from new investors. This is a pink sheet non reporting company with a ceo that is known to bounce checks and is getting sued by his own partners. Like crymeariver said, you would have to be foolish to sink more than a few grand into this. And yes, I too have been foolish and sank more into this than I should have, based on what people with sources were saying. Not just that, my own source (the third largest shareholder at the time) was
giving me a similar feed. So I was a victim on many levels, and was manipulated too. The only way this stock will move is if AK starts acting transparent, and quits his lying. You think potential investors don't notice all the launches they lied about?
It doesn't take comments on a blog to know that they have been lying about every launch. The only way we will ever make our' money back, is if AK executes once and for all. For him to continue lying to our' faces will have negative consequences, and the proportions of that negativity are yet to be seen. My group will lose money not due to me or other bashers, but due to Ak's inability to take this model out of the gates. And we will all have learnt that when a ceo says this is going to the moon, we should realize that he has his own interests at mind. Unless we were actually shorting the stock, the bashing is a sign that we will not take AK's BS anymore.
looked like a lot of dumping
but so far the last 3-4 runs have all ended back at these levels.