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We already know what he has done to the shareholders.
Of course if Frank has TMM file for bankruptcy protection he would not have to pay the settlement at this time. I doubt he has 300k to pay it in any case unless someone here feels he has enough subscription and revenue coming in to cover it.
This is starting to just get silly. What has Frank done to himself and his company?
9 mil blocks coming in now at the bid. .0002 .0003 10x12
No change. No MM's have officially opened but the stock is still trading as usual. .0002 .0003 11x12
.0002 .0003 11x12
Impossible to bleed much more. Only two pints of blood left in the body!
.0002 .0003 14x9
He may have had shareholders interest in mind initially but business conditions and the need for continual funding have obviously forced him into doing things that have seriously hurt his shareholders. Keep in mind he continually stated he was not increasing the AS or the OS while all the while doing so. Draw your own conclusions from that.
The very least he could do!
I have read a lot of posts yesterday and today. The few remaining bulls state that the progress of QTV to this point has been impressive. The majority of posters who are now bears feel that this progress has not had any affect on the stock price with the bloated float. My opinion is that the progress of the company should very well be reflected in the price of the stock even with the bloated float. The reason for this is that I have watched the majority of shares traded for more than a year at the ask price each and every day on level 2 yet the price has continued to go down every week. With any normal stock if the majority of shares is traded at the ask, the available shares at each price would evenutally dry up and the price would go up until it was high enough to entice investors to sell more shares at a profit. That tells me that not only has the stock suffered from the continued dilution by Frank but that the MM's do not believe for an instant that this stock price will ever be able to go up. So if they don't have shares to sell to the buyers, they are comfortable shorting whatever is needed, knowing that they will be able to cover lower or never cover at all if the stock becomes worthless.
Frank has done a great job in launching this network but he has done a terrible job in managing the stock price. I simply think he has got what he wanted out of the stock price by selling as many shares as he could to get cash to run the company. Now, as it approaches the worthless level, he has washed his hands of it. Whether the stock price is worth anything or not has no affect on where the company is now in regards to growth to this point or in the future. If he can get enough carriers and subscriptions to fund the company without selling more shares, then a worthless stock price can not hurt him any longer.
A sad state of affairs indeed for all the shareholders who "lent" him their money by buying shares in it.
Not a chance of that happening.
I would say tax loss selling is a big part of it. Also anyone paid in shares by Frank is more than likely selling while they still can get a few bucks for their shares.
God I hope it doesn't go any lower. This is a ridiculous price even at 60 billion shares in the OS.
.0002 .0003 15x4
Hi all. Have not been here is awhile. From the price of the stock I can see not much has changed. The company continues to make progress but it is not reflected in the stock price. I can't believe Frank would dilute this anymore at these prices. This has to be the bottom. The stock is almost worthless. Frank has to know that. Why isn't he doing something about it?
You got ballz Lobo.
I agree unless he is not finished selling yet.
You are kidding of course!!
Volume 1,023,046,847
One billion shares from Frank??
Lot of volume coming in at the moment.
Where did you see it?
We have seen that for sure. But the MM's know there is not much more room on the downside so they may be comfortable playing the one tick spread here for awhile longer. No sense taking it down to no bid and .0001 on the ask. It will kill the volume. Only the super brave will buy then.
You are welcome. Lots of trades at both bid and ask but nothing moves.
Yeah it is but I don't think the bid of 4 is going away today. MM's still absorbing all the 9 million blocks at the bid.
.0004 .0005 11x8
That is interesting. Looks like Richard is putting a little distance between himself and Frank. Maybe he is trying not to get hit by shrapnel when the grenade goes off.
.0004 .0005 12x6
60 billion AS! My word! I am just flabergasted at the gall of Frank. A year ago this was 14.5 billion AS and he repeatedly stated no more shares would be issued because he was fully funded. Frank is a complete liar and I can't sugarcoat that statement any longer.
.0004 .0005 11x4 Heavy volume but no movement on either side.
Yeah it does look perfect from the business side. Everyone is happy with what is going on except the shareholders.
.0004 .0005 11x4
404 million, mostly buys. The three MM's on the ask are not moving as yet.
.0004 .0005 10x3
Unfortunately all the way down from almost 3 cents people have been buying all shares sold. I was one who was constantly buying at each lower level. Hope is eternal I guess.
My God Cur. I am such a fool. I sold at more than twice what the pps is now and lost so much more than that amount. I am a dope!!!!! It was a great dream but turned out to be nothing more than a wet dream. I still watch this stock every day but I have been burned big time so I still won't buy back in, even at this very low price. But I never say never, so I continue to follow it but I just don't post anymore.
.0006 .0007 6x6
It is funny TW. The MM's are just playing games to increase their profits. There isn't much volume today so they play their games with the volume that is coming in.
.0006 .0007 11x3
Yes they were. 5 nine million blocks and one 5 million block
51 million just crossed at the bid. No change in level 2.