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I do believe Frank has funding but the funding is just for monthly operational expenses. I doubt it was for the things he has been buying.
Those investors never existed.
I would if there were any runs to flip into.
That is the biggest disppointment of all. Frank said on quite a few occasions that he was not diluting. Richard said he talked to Frank and Rene several times about it and they said to him they were not selling any shares. The fact is he was selling shares all along. You can't sugarcoat it or say look at the big picture. He can and probably will continue to sell shares up to the 50 billion authorized as is needed. Then, what is to stop him from raising the authorized if he needs more? Looking at the big picture is fine but the possibility exists that the company can eventually find a lot of success but the shareholders may not share in that success simply because the float is too huge. Future earnings and the price of the stock valued against them must be divided by the total outstanding shares at the time.
I agree here. If you don't believe Lobo, pick up the phone and make the call!!!!!!
.0012 .0013 6x5 Volume 230 million
It occurred to me that if Frank is successful in purchasing NTI he will need several billion shares sold to get the cash. Maybe that would be the extra 3 1/2 billion shares in the email to get it to 23 billion from the 19.5 mentioned a few weeks ago. Just guessing of course.
I almost forgot. .0012 .0013 6x5
Great Job Lobo!!!
We had such high hopes for this one Zandant. Well, I have to get back to work. Got to keep my day job. Be back later.
Well that is mildly encouraging. Maybe I will get off the bridge ledge now and wait until the completed letter is sent out.
I am already disappointed. For us shareholders we are really left holding the bag. Not a worthless bag, but a bag nevertheless.
Agreed, not many people here will get rich on this one. Maybe a couple people who have nearly a hundred million will do alright but not most of us.
Buying them back is the only option but he is not going to do that anytime soon.
The problem rickhan is he didn't say he won't sell more shares into the market to buy things. That leaves the possibility for the float to continue to grow in the future and opportunities arise that he needs cash to finance. 23 billion now and how much more 3 months from now. That is an important point to consider.
The selling that would come out if this stock just went up to a half cent, never mind one cent, would be huge. It would take some pretty major news to get the stock to 1 cent.
You did get an answer Lobo and the answer sucks.
It is obvious now that Frank is continuing to purchase things using the 50 billions AS. There is nothing stopping him from continuing to use shares to purchase things in the future like the teleport company he mentioned in the letter. Q may very well become a big success but our share of that success looks like it is continuing to be minimized.
The float is so huge now that even if the market gives us the 150 market value, that is just a penny. Better than where we are now but not many people are going to get rich at that price.
Just checked my email. Nothing there yet.
I don't mind him taking over the world. I just mind him using shares to buy it.
My word. 23 billion now??
Well if they have a new vice president it means someone else believes in the company. Q continues to grow in every area except the stock price.
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Have to leave for work. See you all later.
.0012 .0013 4x3 Vert dropped to .0011 on the bid. Nite still on the .0012 bid.
Thanks WhiteNoc.
.0012 .0013 5x3 Volume 58 million
Was it signed Love, Frank!
You must have missed the writing on the backs of your QTN share certificates. It says clearly "NO REFUNDS!"
I already knew that WhiteNoc. Since you have been here that long the question of whether you still are invested in Q was a valid one. If a long such as yourself sold, then the hope for Q to succeed would be lessened in my opinion. You don't have to answer the question of course.
I would assume by your post that you no longer have a position in Q?
.0012 .0013 4x3
.0012 .0013 4x2
A drop to .0011 bid can't be too far behind with those two on the ask.
Great. Nite woke up and joined Vert on the ask.
Vert on the ask so we are not going anywhere for now.
Not sure why the MM's brought this up a tick at the open. No buying pressure at all. I can't see it staying here if noone buys at the ask.
I think the MM's will need a change in sentiment to start moving this up. I just don't think they are convinced yet that this company will make it. Just RCN and TW Maine as carriers is not enough. I think once a majority of carriers accept the Q then the MM sentiment will change and they will be comfortable pushing it up. Keep in mind that many hundreds of millions of shares will hit the market from shaky investors on any uptick. The MM's will have to absorb those on a daily basis. They would have to be very confident they could resell them at higher prices for them to buy them each day. Right now they don't have that confidence so the path of least resistance continues to be down.
Well Tuesday is Frank's favorite PR day. Let's hope something good comes out. We need it bad!!!
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