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From perhaps what I read... Sandy,
Is that good then? Thoughts yourself or anyone?
http://www.investorshub.com/boards/read_msg.asp?message_id=11127595
I think when the conversion has been completed we will be sitting at around 25 billion if their is any uniformity to the notes
The only thing that is on my mind is if that last CD conversion produced 8 billion shares, what will the remainder produce. Are we going to be up at 25 billion shares OS when all is said and done? It seems kind of high which I think will limit our upside. Thoughts, comments anyone?
The only thing that is on my mind is if that last CD conversion produced 8 billion shares, what will the remainder produce. Are we going to be up at 25 billion shares OS when all is said and done? It seems kind of high which I think will limit our upside. Thoughts, comments anyone?
It is possible that I may be mistaken(becuase they are converatble notes) but I am going by what I read. For example
"Outstanding Shares – Outstanding shares includes all the shares issued by the company, which would be the RESTRICTED shares plus the float. "
http://stocks.about.com/od/understandingstocks/a/Shareterm113004.htm
Also in the Mar 31, 2006 report
it says
"A portion of the convertible debenture was converted during the year resulting in 8,277,480,606 shares being issued."
BTW-Don't take anything I write the wrong way. I am a long shareholder. I apologise if I came across as a basher
Hello Rasica
They converted 8 billion shares into $1 miilion. Does that not imply they were sold on the market? That is what it looks like.
If that is the case, they are in the float.
Whether restricted or not though, they are part of OS. The OS is 12 billion and will be factored into the price.
Thanks for the reply. Much appreciated. I am a very patient person.
HEllo NJBay08
I am a new to BKMP,
You said
"The last communication I had with Sandy left the taste in my mouth that the deals were getting complex"
Can you elaborate on that alittle more? Do you speak to him regularly? Were there negative undertones in that? Could it mean that things may NOT be getting done?
I am cautiously optomistic but would like your input since you have had contact with him.
TIA
Recieved your private reply. Thanks for the scoop.
Lvel 2 anyone? TIA
Thanks for the reply.
So shares are being created from theses CDs but restricted. I heard that shares are part of the OS no matter what. Why the decrease in price? Do you expect financials soon? What do you think of the CEO? Sorry for all the questions. I want to get in the stock but am concerned about why the OS is being made a mystery.
I saw that too but there appears to be some conversions going on and am wondering why they would be a pinkie. I am tempted but I still have scars from qbid.
hello Rasica,
I am a potential newbie to the stock. Actually that I live in the outer toronto area has interested me in this stock. I keep seeing ths acronym CD. What is that mean? I know they switched symbols recently. What is the OS? Will the transfer agent tell me if I call? Are finacials coming out soon?
TIA
what is the OS? Is it being kept secret? When is the financial news coming out?
TIA
Hello Charlatan,
What can you tell me about this stock. I am a possible newbie investor for a long term. Give me the good the bad and the ugly?
TIA
Hi Guys and gals,
I have not bought in but have some interest. Anything off hand anybody can tell me about this company.
OS?
Why is the price low?
The good, the bad, the ugly?
TIA
""QTN is still continuing to transmit prerecorded programming to cable systems around the country through hired master control facilities in Texas"
Is that Firestone? Or has it always been?
NICE DD. Thanks. Much appreciated.
Just let me know what you need from me and when and your email address.
TIA
Did you ever confirm with richard that Fan had the financing for this network?
TIA
hello lobo,
Thanks for the info. Is your sources telling you frank is back? Is the new dark period our final nail? I suspect your contacts must have some impression one way or another.
TIA
Thanks for the update. It is not the size of RS that bothers me as 1000:1 or 10000:1 does not change my tune. It is the extra 220 billion shares(preffered I guess) that bothers me. We have been diluted another 60% if that is the case. I hope I am wrong but at the moment, something smells like crap. I get this feeling that the buck is being passed back and forth and nobody knows anything when it comes to the hard questions.
Hello Thomas,
Have you spoke to richard since your first conversation? Have you heard anything from him about what fan and company have to say?
TIA
Acually if they take the preferred shares out now, it is becuase of the reaction that we had.
Apparently(so I've heard) Frank and rene are still shown as the board members too. This last RS request that has been nulled may also have something to do with the fact that Frank and rene are actually still in the picture somehow and that they(fan) need their signatures to authorize this change. Bad news.
OK. But whoever is telling you this cannot chalk up a whole paragraph on preffered shares to a typo unless the prefferd shares is part of the 350 billion. I am sure a red flag goes off in your head when you think about it.
Where is this info coming from? Is this the same source that the RS would be 500:1?
I suppose the 20 billion preffered shares was a typo too? They are BSing you.
Sorry. That is right. When he initially sold 2 billion shares. I believe he sold alot after the verizon PR. Remeber how the volume spiked then? I believe he sold about 125 billion at that time.
There were rumours that he paid off relatives mortgages with that money. I think he got more like $30-35 million from it. Keep in mind you can't sell all shares at .025
Some to the studio IMO
The piss off is the 62% further dilution.
Thoughts anyone on where the price will head down to after the RS? Could it be a dime orless?
I was thinking. If fan owns 18.5 million shares and the preferred shares are about 20 million, somebody else may in fact now have controlling interest in the company as a conditin of financing QTN. Thoughts anyone?
Richard Brown has archived many emails from Frank and Rene which would no doubt help the cause if it were to materialize.
Call for yourself and you will see
wash sos 1-360-753-7115, 1 to 10000 r/s
Hello Itesprit,
Apparently on it was submitted that the
"Preferrd Stock,par value $.001, of which 20,000,000 shares are hereby authorized."
That .001. Could that be what we are truly worth at the moment after a RS? I am wondering if we won't head to that value in no time. .001 that is.
Thoughts? I figured you will understand that .001 par value stuff.
TIA
Did you see my post 249145? what is your opinion about that? I don't knwo much about that.
The preferred shares has to do with the financing that he now has. I am sure of it.
Question for board re post 248557 (see below)
"Preferrd Stock,par value $.001"
Is .001 where we are valued at after the RS? .001 does not appear to be an arbitrary number. I just don't think we are headed to $1 seeing that we should probably be lower than .0001.
Anybody with some thoughts?
TIA
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Article V, Shares
The capital stock of this corporation shall consist of 57,000,000
shares as follows:
(a) Common Stock,no par value, of which 35,000,000 shares are hereby authorized; and
(b) Preferrd Stock,par value $.001, of which 20,000,000 shares are hereby authorized.
3. Each ten thousand (10,000) shares of Common Stock issued and outstanding immediately prior to the effectiveness of these Articles of Amendment shall be combined and reconstituted into one(1) share of Common Stock. As there was no Preferrred Stock outstanding prior to the effectiveness of the Article of Amendment, no change in the Preferrred Stock is made hereby.
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