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Country club? You must be rich!! The real estate is out of control. When were you there?
From the website... It looks like a PR to get people to buy the stock and have faith in it. There's really not much to it.
1/10/2006 - The Financial Times 1/10/06 www.ft.com
Main page content: Gay cable TV is in the pink
By Joshua Chaffin
Published: January 9 2006 18:46 | Last updated: January 9 2006 18:46
When Sumner Redstone, chairman of Viacom, endorsed the notion of a gay and lesbian cable television network, viewers soon got Logo. With the backing of Viacom’s MTV Networks, the largest and most powerful collection of channels in the cable universe, it was beamed into millions of homes around the US.
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An unexpected beneficiary of Mr Redstone’s pronouncement two years ago was Frank Olsen, a little-known broadcasting entrepreneur from Seattle. For more than a decade, Mr Olsen had been toiling to start his own gay cable network. Despite spending $12m from his own pocket, there was not much interest until Mr Redstone chimed in.
“You would be amazed how many people listen when Sumner Redstone speaks,” Mr Olsen recalls. “The whole thing changed.”
Indeed, after launching last July, Mr Olsen’s network, Q Television, is now emerging from the muddle of independent cable networks desperately seeking distribution. Q is available in over 3m homes, and is expecting to lock up distribution deals for 15m to 20m more by the end of this year.
A turning point came in November, when Time Warner Cable, one of the largest operators, awarded Q a so-called “hunting licence”, which has allowed the network to approach its 30 regional divisions around the country to seek distribution. So far, that has brought Q to such diverse markets as Manhattan, Houston and – as of this month – Lincoln, Nebraska.
“I think probably even the Q TV people were surprised they got such a nice response here,” says Beth Scarborough, the president of Time Warner Cable in Lincoln.
One could point out that Mr Olsen, who has dubbed himself the “king of gay media”, had been working on Q for more than three decades. After selling the family bakery, Mr Olsen used the windfall to buy radio stations in the early 1970s. In addition to rock and roll, and news and talk radio, Mr Olsen also began to run gay programming.
The shows were reasonably popular, he claims, even though the broader environment was not hospitable. “The advertisers were always worried about how many customers they would lose for every one they attracted,” says Mr Olsen.
A lot has changed since then. The mainstream media is now full of gay characters and gay programming, from television’s Queer Eye for the Straight Guy and Will and Grace to the film Brokeback Mountain, a cowboy love story that has become an unlikely Oscar front-runner. Companies such as Volkswagen have launched advertising campaigns specifically geared toward gay and lesbian customers.
The economics of cable have also evolved. As the industry matures, operators are looking for niche networks that can add incremental subscribers who might later be enticed to buy add-on services, such as internet connections.
“Cable operators see themselves as supermarkets, and they have to stock their shelves for everyone,” explains Carol Hinnant, vice-president of sales and marketing.
Rather than shooting for a broad audience, Q is only hoping to sign up 1 to 2 per cent of the households in which it is available. Unlike Logo, it is not available as part of a basic cable package. Instead, viewers must request it for $7.95 per month, as they would HBO. “It’s very important that we be invited into the home,” Mr Olsen says.
While it does not offer pornography, that distinction allows Q to be more risqué in its approach than Logo, which Mr Olsen dismisses as “a little vanilla”.
A third gay network, Here, also launched last year, selling its programming in a video-on-demand format.
While gaining access to the New York and San Francisco markets was a milestone for Q, some of its best success has come in smaller markets, such as Portland, Maine, which has never been known for having a high gay population.
Far from being surprised, Mr Olsen notes that more than 60 per cent of his target audience lives in rural areas. Q is all the more appealing to them because its coverage can link them to Gay Pride parades in San Francisco they might not otherwise attend. “We can be a bridge,” he says.
As it enters new markets, Q has also relied on local gay and lesbian networks and grass-roots marketing to try to reach its modest subscription goal.
In November, when it launched its service in the university town of Syracuse, New York, for example, the company threw a party at a local gay bar. The event, which coincided with the university’s annual Homecoming Weekend, honoured a Q presenter, Scott Withers, a Syracuse alumnus who had been elected the university’s Homecoming King in 1995.
“What a difference 10 years makes,” the invitations read. “Syracuse’s Homecoming King is now the queen of gay television!”
Hey Mr G, how are you?
Let's hope something is done to save this debocle. With all of the promising things this company can do it is being managed like crap and the shareholders are being taken advantage of. I am really upset at Franks false promises. I wish he would buy some of this stock back ASAP or at least do a R/S to keep the stock afloat.
I'm from the Bronx and I have family in Pine Plains and New Paltz.
I was just there last week. I am coming from Italy and on my way to Korea. I am in Vegas right now and I leave Saturday for Korea.
I took a trip to Pine Plains and passed Poughkipsee on the way and I wanted to stop for a look at the factory, but i didn't have time and it was a sunday so I figured it would be closed.
It's in Scarsdale which is about 45 minutes from Manhattan. Poughipsee is not too far either. I can get there in about an hour from my house. I just don't live there anymore since I'm in the military.
Anyone care to speculate as to why the stock keeps going down after every positive news release?
My biggest question is why nothing ever changed after the press release that said the stock was worth 10 times what it was trading at? It's 10 times lower since that press release!
Have we hit bottom yet? Audit, etc, blah blah blah. Still no moves to reduce the float. That's the only thing that will move the stock higher.
If I remember correctly he said this when there were 4bil shares in the float. It was around June of 04. I'd have to go back and check how many O/S there were at the time but I'm pretty sure there were already a few billion.
He worked for AT&T in an office building where my dad works. AT&T left the building a few months ago and the guy left with them.
I have no clue as to why he thought what he did. He never gave specifics, only said that cetek was a winner. He mentioned the motorola deal was coming to fruition, but that fizzled out. He also predicted a huge share price last December, but that came and went without any changes.
Maybe his son was being lied to by FH just like the rest of us are.
Who knows. All I can say is that the buisness is promising, but it could be years before we see any real gains. One thing that keeps my hopes up is that this stock was over $1 at one time. If it was there before, it can get there again.
What do you mean by big? What leads you to believe that? I think it will have a higher price than now, but I'm talking .05 at the most. I've given up on the big numbers I once thought was possible.
I'll be happy with .05, but if you're talking dollars, can you give me some insight as to why?
If we knew the answer to that question, we'd all be millionaires!!
Any stock is a risk. The penny stocks are a greater risk than non penny stocks because they aren't held accountable to the same rules as non penny stocks.
CTKH is a big gamble. The reason I play penny stocks because of the possiblity. I could get 1 million shares for a few hundred dollars. If the stock ever hit 10 cents or more, it would be great.
My personal opinion is that by the end of 2007 cetek will have a decent price and I could sell out with a nice profit. Some say it can hit $10. My dad knew a guy who's son worked for the company and this guy said the stock will be worth between $4-$10. I believed it, but now I doubt that's possible.
Right now is a good time to get into CTKH. Put $100 into it and see what it does. Most of us are averaged at about double the current PPS. If you get into it now, you'd be doing better than all of us!
If you want my opinion on an exciting stock, look into WLSF. I think that stock is one of the best risk/rewards out there right now. You can check out the company at wellstonefilters.com
I also like QBID very much. That's another stock which is the best time to get into it. I wish I would have waited until now to buy it. Very high risk though.
All of this is only my opinion so you must make your own decisions and go from there.
Good luck,
Il Padrino
Ouch! I'm down 75% myself. I'm averaged at .0007. I think we'll be OK. It was at .006 last year at this time. I think it could get there again if all the right moves are made.
Someone tell me if my thinking is off here...
Let's say that qbid gets 1 M subscribers at $8 a month. Very conservative #'s since they're in Austrailia and targeting europe. If there are about 200M people in the states, I'd guess that at least 1mil would subscribe.
That will be roughly $8M/mo gross. Roughly $100M/yr.
Multiply that by 2 for 2 million subscribers, etc. This is without payment from sponsors, advertisers, etc.
These are huge numbers. How many companies make that much money?
Currently, $10M could buy back all the shares. Frank could easily buy back enough shares to make qbid competitive. If he's trying to get qbid off the pinks, something will have to happen to reduce the float. If he wasn't, there would be no reason to file with the SEC.
Let's hope that his plan is to put the earnings back into the company and not pocket all of it for himself.
This is possible. Now we need to see if it will happen.
With the ammount of O/S we're lucky if it moves at all. We all might as well stop hoping for any decent PPS until the O/S is reduced to under 5 billion.
I think it will happen, just not anytime soon. There are only 2 ways the O/S will drop. Either by a buyback or a R/S. They could also do a combination of the 2.
A 2 billion volume is good, but that's still only 5% of the O/S. Not enough to push the PPS anywhere. Especially if half of that are sells.
Does anyone have a clue as to what % of the stock needs to be traded/bought for a decent move? 15%, 20%, 40%?
I thought I was the only one who didn't get it... I still don't know if this is good or bad for us.
Personally I think they need to stop spending money on parties and start putting money towards a buyback.
Hi,
Can you explain the PR because I'm a little confused? From what I've understood, TMM and QBID are separate companies. However, I looked for stock in TMM but all that ever pops up is QBID.
According to the PR, it says that TMM share holders own 100% of QTN now. How was it set up before and what does this mean for us? Is it good, bad or indifferent?
Thanks
I know. His excuse is that he's keeping things secret to avoid the competitors from discovering what he's up to. It might be true, but I don't think so. I think he's just weird.
We can assume a few things. Hilal founded this company and it is a family business. Therefore if he has any sense of loyalty he will want what's best for his company and ultimately his family.
Knowing this, we can assume that he will do what's in the best interest for Cetek.
So, I think that in the long run, we will be OK with this stock.
He has made some moves to grow by aquiring Hybrid and some new ovens. To do so, he probably had to dig into funds and sell stock which caused the stock to drop and get diluted. To recover from this, it will take time. Hybrid will have to become profitable and Cetek will have to grow more and faster. Hopefully by the end of this year, we will see some profit numbers and moves to get Cetek on the path to a real PPS.
Let's hope that the moves Hilal is making won't bankrupt the company and backfire in his face. I don't think it will, but you never know. Hybrid could be a bust and to keep it afloat could prove costly.
Let's hope that's not the case.
Believe it or not, negative posters help investing. If it wasn't for some of the negative postings, I wouldn't be as informed as I am now.
I like PW and Orange's posts and found them quite helpful. As long as it isn't useless bashing, I welcome the negative comments.
Anyway, I don't think they're all negative. I just thought they were being real.
To stay informed, we need all sides of the story.
Keep an open mind and you'll be better informed.
Good luck and I hope Cetek pays us all very well in the long run!!
Il Padrino
You're right. However, the pinks are too volatile for me to play with buy and sell. I'm a buy and hold guy. a R/S is what I expect, but not what I know. If news of a R/S comes out, I'll have time to sell before the downward trend and buy back after. But I'll most likely just hold because that's my personality. I'm not a great investor strategy wise, but I do know the potential of a product. I've always been right on with my picks. I really believe in this company, but we'll see.
I think you're right. I don't see how this company can't be a winner. We're talking about a TV network that is the only one of its kind. I don't think people understand the significance of that.
We need to weigh the positives and negatives. I don't understand the constant bashing here. If they don't like the stock then get out and off the board. There's a difference between siting the negatives and bashing. There's a lot of negatives with this stock, but I don't think they outweigh the positives.
Our problem is that we are going on information supplied by the company which is currently not held reliable by the SEC. So we have to take them for their word.
If the company becomes a billion dollar company like Frank said it would be in 2 years, then we will be doing VERY well. And I don't care what the heck Frank says, there will be a reverse split. There's no other way to reduce all the shares.
I'm gearing up for the reverse split. If it does a R/S 50 for 1, I'll still have 250K shares.
I don't think we'll see any good things as soon as you think. It will take a few years. Maybe as much as 5, but we will see good things to come.
Best regards,
Il Padrino
Well, we will have to wait until the company is profitable. It might take a year or 2, but we will be going uphill from here.
This is the news we've all been waiting for. Nothing but clear skies ahead and increasing stock prices! We're all looking good here.
I saw 44 bil O/S. Ok, so for any company that's not good. This is not really a big concern for a few reasons.
If the company does a 40 for 1 reverse split we're back to a decent number of shares.
Normally a reverse split is not good, but in this case it will be necessary if the company can't buy back the stock. They would have to put in about 8 million dollars to a buyback at the current share price. Possible, but not likely.
In a few years, this company will be very strong with good assets. We'll just have to wait out the difficult times like this.
Did I miss something? Last time I checked there were 19 billion O/S.
Can you send me the reference to the amount of shares? I can't find anything except the company's press releases.
I agree. I think this company will be huge. The world is ready for something like this. Although I'm not gay, I do believe that this company has great potential.
With all the contracts they're landing, it won't be long before they start making money.
If it is true that frank is trying to make qbid a fully reporting company, then we'll be looking great in a couple of years.
I currently have 11 mil shares and looking to get to 20 mil soon. If this thing ever hits 50 cents, I'll be very happy. If I've ever had a shot with a penny stock, it's this one.
Thanks for the tip, I'll check it out. You might like WLSF. If you like it, now's the time to jump in before it's too late. It's a cigarette company that is new and developed a filter that cuts out 95% of the tar. They are getting ready to sell the cigs very soon.
Anyone know what happened to Cetek7million? Is he still on this board?
OK, I wasn't sure.
Well, considering the stock didn't move after the so called 1 bil shares being retired, I'd say it never happened. The stock should have automatically moved up the appropriate ammount of points.
I don't understand how they could have put that in a press release without that ever happening. I'd like to believe that it did, but I don't see how.
Did anyone get the DVD yet? What's the story with that?
That's my main question. This company seems to be doing better than the stock price indicates. So why in the world is it not going anywhere?
I still don't fully understand how the market determines a stock price. I know it has something to do with earnings/outstanding shares. But I know it's not that simple. If it was, we could figure out how much the company earns by doing some simple division.
All the potential in the world is there, but all we see is the stock go down. Is this mainly due to people not buying the stock?
I think you actually have until Apr 15th to make a trade in the previous tax year. I could be wrong, but I know for sure that you can contribute to IRA's until then.
I don't know. All the tools are in place for this to be a great company.
Would it be him lying or just wrong about his deadlines? Maybe he's just clueless as to how long results actually take.
Maybe he's just some rich gay idiot with a dream and knows nothing about investing.
He could be lying, but with all the moves this company is making, I really believe he's trying to aggressively get this company on track.
I've got an idea for a show. I call it "Missionairy Impossible!"
What do you think?
Does anyone know if there's going to be a press release soon? The Oct 31 message said that the information from the audit would be released in the coming weeks. It's 2 months later and I was wondering if there was any reason why it's taking so long.
Hey guys,
Long time no hear from, I know. Let's hope 06 is much better than 05. I really see wellstone doing well this year. They have all the right tools in place for some major gains. Once they have a solid foothold on the industry we will all be looking good.
There was a week or so back 2 years ago when wellstone jumped to $5 and held there for a few days before it went back down and held at $1.90. This was all before the split. If it did that again, we could all have a nice chunk of change in the bank. However, I'm not sure if $5 is a decent price to sell at. I believe it could go much higher.
Happy trading,
Il Padrino
I agree Gary,
FH needs to post solid numbers. I've written several emails to stock begging him to do this. But we continually get vague info.
FH says because he doesn't want his competitors to know any info. I really don't believe that excuse. Either this guy is just plain weird or he has a plan up his sleeve. Whether this plan is good or bad for shareholders is a mystery and we'll have to wait and see.
My dad's source no longer works at the same place so now I'm even more in the dark than I was before about this company. Just as well because he never really gave anything worth while in my opinion.
I had high hopes for this stock. There was much hype about this stock making it to $10 sometime in the near future. However, it really doesn't seem likely. So I'll be happywith .02 if it ever makes it that high.
How long do we give this stock to mature? 1, 5, 10 years? I'd really hate to sell after holding it for so long just to see it hit $2 the next year.
Oh well, we'll just have to wait and see.
Penny stocks are really strange. Take a look at QBID. Nothing but solid news with positive earnings and after every good news release the stock goes down. What the heck is going on I don't know.
Anyway,
Good luck.
Il Padrino
Promising company, great news releases, huge daily volume traded, way too many outstanding shares.
The only way we're gonna see any gains is if the float is reduced by more than half.
That's the bottom line. Billion dollar companies don't have half as many shares as qbid and there are some trading at only a couple of bucks.
Q is a ways off of being a billion dollar company even though they said 2 years. I don't think so, but let's hope. If anything can grow that quickly, it's a TV network.
A buyback is going to be essential, timely and costly.
My opinion is buy all you can and hold for 5 years or so. Patience will prevail here.
Thanks Bigpikn,
As a military member, it's very encouraging to hear all the positive things about us.
Always remember, to support the troops, you also have to support the president and his decisions like most of us do.
Most of us volunteer to go to the war zones because that's what we signed up for...to serve. Not that we like war, but it's the only option to keep our country free sometimes.
What we can't stand are liberals who seem to be blind to truth. Their philosophies hurt our country in the long run and we feel the blunt of it in the armed services.
All the negative views on the war reported by the media are a small portion of what's going on. Most of the Iraqi's want us there and love us. We are building scools, giving clothes, food, toys and all kinds of things to the people. They love us there but are afraid to say so for fear of what could happen to them. Did you know that family members are kidnapped by the terrorists? They will kidnap someone's daughter and then tell the father if he doesn't fire a mortar into a convoy, they will rape and kill his daughter. So he does it not because he hates americans, but because he loves his daughter.
This is the kind of enemy we are dealing with and it's very tricky.
Anyway, enough on that.
As far as this board is concerned, I'm rather dissappointed at all the personal attacks going on. CTKH has been really tough to read due to the strange actions of the company. The truth is the only thing that will answer our questions is time.
I haven't liked the way Fayiz is handeling things. I wrote stock an email which was answered in the last press release. And I told him we are tired of all the secrecy and vague posts. They replied that it isn't wise to release certain info because the competitors could profit from it.
I find that hard to believe, but we'll see.
I do believe in the company and i'm afraid that if I pulled out, it will shoot up the next day.
I give this company 2 more years. If I don't see the stock at at least .01 I think I'm outta here.
Happy trading and a prosperous new year to all,
Il Padrino
HA, good one.
Hand's name...Do you mean The Black Hand or Leo? Leo J Hand I think if I remember correctly
Hi guys,
It's been a long time since I've been able to post, but I've been following the stock for all this time. i still have a lot of confidence. we need to be patient. this stock will move just give it time. i dont know when ill be able to post again, so I'll just say bye until Im able to get back on the net.
Ciao,
Padrino
Hi,
Sorry for the late response, but like I said, I don't get to check the internet much anymore.
I heard this from my dad through his friend. We're all heavily invested in cetek so I hope he's right.
Hi guys,
It's been a long time since ive been on the board because of my limited internet access now. This is the first time in a few months I've been able to access this.
I did hear something that you guys might be interested in. Once again, all my info is heresay and I cannot confirm or deny these statements, so please take it all with a grain of salt. Everything I write here is all I know, so please don't ask any other questions.
I heard that Cetek is in a deal with a TV manufacturer to make their screens which will reduce the cost of the TV by $400.
I don't know if it is true or not, but that's what I heard. Anyway, I have to go, so good luck to all.