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Will BLLN shareholders get a Qtrax share certificate as well? Or not? How and when will they be otherwise compensated?
Is Qtrax to be listed on the exchange as a separate entity? Do you know when? How is it possible to be issuing stock certificates in an entity that does not *seem* to be listed or even exist as a separate corporate entity, especially when the product is owned by another company?
Do you know anything about dividends to BLLN management and employees?
Thanks for your posts.
That's fine. The vast majority of that is probably not news for those who've been around long enough and/or done their dd. It is what a lot of people are concerned about frankly.
What about dividend payments? Do you know anything about that?
You seem to think the company is close to bankruptcy, is that right? Does that make the directors also bankrupt, in your opinion? You speak about culpability and misleading, that is interesting, and you are correct about DD on the publicly available information. What makes you think there is culpability?
Sure, there have been many capital raisings, that is a matter of record to an extent, that doesn't necessarily create culpability, and the need to raise money doesn't necessarily make the company bankrupt (unless of course they can't raise the money to cover their liabilities.) So far, the money has been raised. That is one thing they are good at at least. So far, you say. Do you have reason to believe they are bankrupt?
GoQ, you apparently have read what qcrap is saying about bankruptcy. What is your take on that? Your silence is a little conspicuous given the gravity of the statement.
A lot of people were previous shareholders and have lived through all the stuff that was on that link. Word was at the time that the dire situation outlined in those reports was a mandatory 'worst case scenario' as full and complete disclosure was required for reports so that nothing was omitted, not even possible outcomes even though they hadn't eventuated at that stage e.g. like continuing as a going concern - so that, for example, people doing dd I suppose, were fully and fairly informed. I am sure that some of those and many more besides were posted by the company as announcements through that period, as required.
Imagine though waking up to that news regularly - which it was.
The reports are not news to long term shareholders, they might be to people who bought in since the reverse merger, unless you have done enough DD. GoQ did that DD, so he says, and so it is good to see someone who invested even after reading all that, and of course, yes, all the other venture capital people since then.
The valid issue that is raised by all that though, and it is an outstanding issue for years now, is how will Brilliant Techs shareholders be compensated in terms of shares, dividends, or whatever, in Qtrax? ...and how and WHEN will that be communicated and accomplished.
At least that (now deleted) link might show some people here who are keen on "calling bs" on valid concerns (simply because, apparently, they have no idea of the real history here). In that regard it is helpful. Why was this link deleted. It is reported information re BLLN and something that is validly on this site? That is not proper, imo. The only reason I can think of is that there is one poster who is using multiple user tags.
I saved the document before the link got deleted luckily. I can post it if you want to read it, but hopefully, in doing so, it doesn't get deleted again, or my available daily posts cancelled.
Money is no longer a problem? How old is that news!?
qcrap, take the bet.
I'm waiting for 5 Feb, lopacker! How's it looking?
Never mind abusing them that achieves nothing frankly.
Is he right about the debt? Around eight years of capital raising and still no revenue. What do you think? They had better be able to raise money for this, or get it earning revenue now, or very shortly, or it's over, imo.
Apple has a product which earns money, not just a non-reporting capital-raising outfit. Which would you rather be? If you had SEC at the door.
Putting *soon* together with lopaka's confident prediction of "by Feb" it looks like another big launch is about to happen. There you go konnery, another buy/sell opportunity.
Mark lopaka's post, as he said:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34956886
...and dogcrap of course.
Do yourself a favor, dog, may as well hit yourself with a pie, save other people the trouble.
Look at it this way, this is all really good practise for the BLLN iHub Vegas party. Here's a preview:
HAHA indeed.
Great news, lopaka. That's only 16 days - not even 30. That's a big change from the usual time predictions! I've marked the post guy. Good luck. I wouldn't bet on it though.
(This site is pretty funny at times, a bit like an episode of Laurel and Hardy or The Three Stooges go to Gamblers Anonymous, or something like that.)
Good question - have those matters been settled?
I don't think you get a response to the legal postings because I would say just about everyone who posts here would not know what to say or think about it, possibly because they understand. I do. Tell me more. (Send me a private email if you rather, but give me an email address for you, because I can't respond through this site.)
There are clearly a number of people who are concerned, and maybe even among those who say they are not concerned there are some who are feeling a bit nervous.
Can you facilitate a telephone conference with AK and include some people who will ask the hard questions of AK - and be prepared and able to canvass and challenge whatever response is received?
I read all your previous messages. And if you got everyone off the fence (which you won't) what would that achieve if no one is then going to do anything more about it? There are literally thousands of shareholders out there, 99.9% of whom probably do not even know of the existence of this board.
At least you won't get the same response from these guys as you do here:
http://www.sec.gov/
http://www.sec.gov/contact/phones.htm
How about that?
That's reassuring. I suppose as long as venture capital can still be raised, we can fairly assume that there are others who have the means to keep the company going who are not worried also. So far. Obviously then, at least some such people must be getting information that general shareholders are not. I think that is about the best assumption that can be made.
Selling is not the only thing you can do. You must know that.
You have a right to ask this company what they are doing. You can do that personally or through a legal representative or through the SEC if you don't get any co-operation. Clearly you are not going to get any assistance with your concerns through this board. You will get the opposite viewpoint, and that's fine - and it might even turn out to be correct, maybe not. But what else do you hope to achieve here beyond voicing your concerns?
GoQ, have you ever spoken with AK about any of these issues?
qcrap, what do you expect you will achieve here? Many of the issues you are bringing up are imo quite legitimate concerns which I know other people are also quite concerned about.
My question of you is: What are you going to do about it?
I do not believe it is enough or even appropriate to say in a situation like this, that if you don't like it, sell your shares. Sorry, not as simple as that. Do you think the venture capital backers are simply going to say that? I think there are some serious concerns which deserve explanation, and it is way over time.
What are you going to do about it, qcrap?
Since everyone is so convinced a launch is imminent, I will be making my own enquiries through official channels as to when / if, how many and when I might receive my Qtrax shares and when the paperwork will be forthcoming. You can do the same as well if you like...if not, I guess listen to lucky. I don't feel that inclined to post here what I find.
Good luck to you.
You are right on the money. I have only ever heard that BLLN will never be worth much, only Qtrax in whatever form it reaches the sharemarket.(*If* it does, I suppose) That's why so much hinges on a spin off - and why it is important for BLLN shareholders to know what the deal is for them. So far, no news whatsoever. Scary stuff.
BLLN shareholders need to know what is to happen with their holdings -if the company refuses to say, then SEC should require them to do it. Now.
How about you call up AK and ask him what's happening, and see if qcrap is right. You're a good talker aren't you. LOL.
What will you achieve by talking with AK anyway, if he ducks calls. What other action is available to find out what is going on and what has happened? Why do you say the company's financials are a train wreck? Is there something that should be investigated there?
Despite what dogcat says, I think there are a lot of people out there (not necessarily who post here, but read here) who agree with qcrap is saying. We can all make assumptions about whatever great things might or might not happen, but on the face of the performance it has no credibility. Sorry, but again, that's what it looks like to others. I am amazed frankly that no one has raised this with SEC - yet. Don't be so sure that just because they're a pink that they disclose what they want to disclose. SEC would have a far different take on that.
A few hundred grand? What about millions? When the pps hit around 0.09 in the Midem fiasco last year it was like running up a greasy slope. That was then.
Start up?! This company's been around for seven or eight years. How much venture capital do you think has been raised -$80M or more? 100?
...and if you thought that was hard to work out, this should explain it:
That is very elegant writing, AV. Very nice to read, and good news. You're a leader. Lucky, I know you're on the ball, and thank you for your detailed eye for technics. It is nice company here. For my part, I will add what news I can later today or tomorrow. I think I hear there is more good news coming imminently...but...
Your question is very reasonable. Is Qtrax, BLLN or LTD featuring at the Midem conference. I can't see any problem with that question at all. You seem to have initiated your iHub membership about a year ago and haven't made any posts at all, so on that basis alone I can't see the reason for the attack on you. If I were you, I would report this to the moderator. This board has had quite enough of attacks on people who choose to place information here seeking clarification, confirmation or otherwise, or ask legitimate questions. I believe these attacks have a detrimental affect on people's willingness to post information here - possibly evident by your complete lack of any posts at all since you joined. It may also have a detrimental affect on people's willingness to take out subscription memberships of this site if they think this sort of treatment is routine and/or condoned.
Apologies on behalf of the board, not everyone is like that here.
Dogcat, how about you make yourself useful instead of abusing people, and go and try to find out whether they are featuring anywhere at Midem. Can you do that much due diligence or have you got no contacts whatsoever. I think you need to shut the mouth son. Enjoy the holiday.
Can other posters also bring this post by dogcat to the attention of the moderator(s), I really think dog needs a break and a counselling session, as his comments are rude, uncalled for, and a hindrance to what people are trying to find out here.
Somehow I'd guessed you'd do that again. What, do you work for the opposition? It didn't help then, in fact the reverse, what's changed?
Sounds like you need a holiday, like shot got...keep going with the mouth buddy. You add very little to this analysis, just a smart ass attitude. I don't think you have a clue basically. You're the wise guy who wrote the big promo at the journalists' site using the id's from this board, and got caught out big time, aren't you. That does a lot for the credibility of the company doesn't it. Only smart asses do things like that in my experience. Going to try that again are you?
I'm sharing pertinent information as well, all in my opinion - it's just not what you want to hear. Someone has said go promote the stock - I don't think that's a good idea until the company actually performs. At the moment, it is not.
Is that ok by you? If not, go out and promote the stock as has been suggested (not by me, I reiterate). (Take a look at the posts re DRM made just after your's. Is that what you want to hear, or is that just unreasonable negativity. Those posts are exactly what I get told when I try to tell acquaintances about this. Get real. This board is not meant to be just a cheer squad.
Go and promote the stock, as someone else suggested in a recent post, if you think you're that good. Watch out for legal liability when you do it. Clueless.
I hope you didn't invest in BLLN just so you could get free music. It would have been cheaper buying your music wouldn't it? I must be really naive - I didn't realize the aim was to wait for the pps to be at 2 cents so I could console myself with being able to download free music. I have so much to learn about the sharemarket obviously.
No ads my arse!
Who do you think is going to pay for your music - the government?
I think BLLN thought they had tacit / informal approval from a few individuals within the labels to go ahead, but higher-ups overruled the situation when they became aware of it, for whatever reason, maybe on legal advice. It also seems to me that not a few of them really got p*sd off at AK for going ahead, maybe thinking it was a play to corner them - that would be enough to annoy people I'm sure. Lesson learned - don't do anything without a signed permission and better still a contract. Seems simple doesn't it - learning as we go, in my opinion. All imo only
shot, sure they wouldn't publicly say that, but there are enough people here by the sound of it who are close enough to hear whether the "strategy" at Midem last year was deliberate. Has anyone said they have heard that confirmed by BLLN? I haven't, I've only ever heard it was a stuff up.
I don't buy it for a minute that it was the game plan. It is entirely consistent, to me, with how this project has gone pretty much from the start. They are learning as they go imo.
...and shot, we can talk about the Oracles, PR firms, grand poohbahs, whatever...but there is a lady, a potential customer and investor in that post just now, who went to the website and tried to download the Qtrax software - and *it doesn't work*...and she gets asked to pay. What the...!!!
Is this supposed to be a deliberate strategy too, or is it just meant to be a stuff up. Very good to be looking at the big picture - everyone can do that - but someone has to dig the ditches and get the details right. How frustratingly annoying!
I'm not saying it doesn't all *sound* good, shot. It's not the first time it's sounded good. They still have to deliver is what I'm saying, and until that happens there is no way I am going out there to tout this stock, as has been suggested here - none of my acquaintances would believe me anyway, I've already got the feedback, and frankly, it is embarrassing.
These guys need to put up and do it, not just winky dinky around in the background.
Buddy, I don't know if you were around as at the last Midem conference, but from the feedback I got, the BLLN people were partying away there and had absolutely no idea that the bad press was at that very minute going out on the net...I was watching it closely at the time, I literally followed it minute by minute. This theory about it being a deliberate strategy, I didn't hear one peep about at the time. It is something that only came up later. I just kept hearing at the time that it was a complete stuff up. Anyway, it doesn't matter what you or I think, it is what the market thinks, and they thought it was a major goof i.e. the share price tanked big time, and it has not come back as of right now.
Can't help you there, myself. Others will have a much better knowledge about these "minor glitches" as some might call them.