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What is in it for the MM's?
Mmm'kay...
I am not ready to celebrate just yet, but it is nice to see some green. Ask is still thin, IMO.
Funny, I have .18 X .24
I talked to Fidelity Reorg. dept yesterday, and they said I should have my round-up shares next week some time. Still don't have my round-up shares;)
Maybe in three months, but what will it do before that? Watch and learn.
Or do they?
DJ Companies Notifying SEC of Late Reports -3-
--------------------------------------------------------------------------------
Dow Jones Real-Time News for InvestorsSM
12:56 p.m. 11/15/2007
Company Name Identifier
ENERGY INFRASTRUCTURE ACQUISITION CORP EII
ENERGYTEC INC EYTC
ENVIRONMENTAL ENERGY EESV
EPIC CAPITAL GROUP INC EPCC
ETOTALSOURCE INC ETLS
EUGENE SCIENCE 0001107685
EURO GROUP OF COMPANIES INC EGCO
EUROMEDIA HOLDINGS CORP 0001389952
EXPLORATION DRILLING INTERNATIONAL INC EXDL
FACT CORP FCTOA
FAMOUS UNCLE ALS HOT DOGS & GRILLE INC FDOG
FEDERAL SECURITY PROTECTION SERVICES INC PLTG
FINMETAL MINING LTD 0001045929
FIRST CYPRESS TECHNOLOGIES INC GCOG
FIRST FINANCIAL CORP /TX/ 0000036315
FLEXSCAN INC FXSC
FOLDERA INC FDRA
FONECASH INC VRDG
FORTIFIED HOLDINGS CORP 0001316578
FOX RIVER HOLDINGS INC ZYNX
FSONA SYSTEMS CORP FSON
FULLCIRCLE REGISTRY INC FLCR
FUTUREFUEL CORP 0001337298
GAMEZNFLIX INC GMFX
GENESIS REALTY GROUP INC 0001128725
GEOCOM RESOURCES INC GOCM
GEORGIA INTERNATIONAL MINING CORP 0001320691
GIBBS CONSTRUCTION INC ACCA
GIGABEAM CORP GGBM
GLOBAL ENERGY INC GEYI
GLOBALPAYNET HOLDINGS INC 0001344807
GLOBUS GROWTH GROUP INC 0000352868
GOLDEN EAGLE INTERNATIONAL INC MYNG
GOLDEN QUEEN MINING CO LTD GQM.T
GOLDEN SPIRIT MINERALS GSPT
GOLDEN WEST BREWING COMPANY INC GWBC
GOLDEN WEST BREWING COMPANY INC GWBC
GREAT AMERICAN FAMILY PARKS INC GFAM
GREAT CHINA INTERNATIONAL HOLDINGS INC GCIH
GREENLITE VENTURES INC GLTV
GROEN BROTHERS AVIATION INC /UT/ GNBA
GUILIN PAPER INC GUPR
GYK VENTURES INC PLKT
HAIRMAX INTERNATIONAL CDGT
HAMPTON BERKSHIRE INSURANCE AVTO
HANKERSEN INTERNATIONAL CORP 0001104040
HANOVER CAPITAL MORTGAGE HOLDINGS INC HCM
HEALTHBRIDGE INC PVRS
HEALTHCARE BUSINESS SERVICES GROUPS INC HBSV
HEARTLAND INC HTLJ
HEPI PHARMACEUTICALS INC 0001402024
HOMELAND SECURITY NETWORK INC HSYN
HONG KONG HIGHPOWER TECHNOLOGY INC 0001368308
HUIHENG MEDICAL INC HHGM
HYBRID DYNAMICS CORP HBDY
HYBRID FUEL SYSTEMS INC USEI
HYDROGEN POWER INTERNATIONAL INC HYDP
I T TECHNOLOGY INC AVNU
IA GLOBAL INC IAO
ICBS INTERNATIONAL CORP RIIC
ICON LEASING FUND ELEVEN LLC 0001312910
ICONET INC INCL
IDI GLOBAL INC IDIB
IDLEAIRE TECHNOLOGIES CORP 0001162298
IDO SECURITY INC IDOI
IMPACT MEDICAL SOLUTIONS INC 0001368286
INFOGRAMES INC ATAR
INFOSEARCH MEDIA INC ISHM
INNER SYSTEMS INC 0001271551
INNODATA CORP INOD
INNOVA ROBOTICS AND AUTOMATION INC INRA
INNOVATIVE CARD TECHNOLOGIES INC INVC
INSIGHT HEALTH SERVICES HOLDINGS CORP ISGT
INTEGRATED MEDIA HOLDINGS INC IMHI
INTEGRATED MICROMETALLURGICAL SYSTEMS INC 0001357577
INTEGRATED PHARMACEUTICALS INC 0001265449
INTEGRATED SURGICAL SYSTEMS INC ISSM
INTEGRATIVE HEALTH TECHNOLOGIES INC IHTI
INTELISYS AVIATION SYSTEMS IYSA
INTELLECT NEUROSCIENCES INC ILNS
INTELLIGENTIAS INC ITLI
INTERAMERICAN ACQUISITION GROUP INC IAQG
INTERNATIONAL AUTOMATED SYSTEMS INC IAUSE
INTERNATIONAL MONETARY SYSTEMS LTD/ INLM
INTERNATIONAL STAR INC ILST
ION NETWORKS INC IONN
IQ BIOMETRIX INC WFYWE
IRIDEX CORP IRIX
ISDERA NORTH AMERICA INC INAI
IWT TESORO CORP IWTT
JMAR TECHNOLOGIES INC JMAR
JOBSINSITE INC 0001376231
JOINTLAND DEVELOPMENT INC JLDV
KANDI TECHNOLOGIES CORP 0001316517
KBS REAL ESTATE INVESTMENT TRUST INC 0001330622
KH FUNDING CO 0000928800
KINGDOM KONCRETE INC 0001376755
KNOBIAS INC KNBS
KNOWLEDGE TRANSFER SYSTEMS INC GLGT
LANGUAGE ACCESS NETWORK INC 0001350962
LASALLE BRANDS CORP LSAL
(MORE TO FOLLOW) Dow Jones Newswires
11-15-07 1256ET
Copyright (c) 2007 Dow Jones & Company, Inc.
I just clicked on it too. Kudos to D for caring. When it comes to my dog I DO get overly sensitive.
I didn't forget. And you are right, we have differences of opinion. End of story. No reason to start lobbing insults just because somebody doesn't agree with you.
Fidelity reorg dept said I should and will receive 100 shares. They are waiting on the TA to send the rest according to them. I would go through the motions with your broker and at least let them know you know how much you should be receiving.
Of course, and you have no problems at all making those poor souls that bought your shares feel as crappy as possible do you?
So how did you play this? Since, we are all sharing experiences.
Nope on the shares I bought at 20 cents and sold between 1.75 and 2 bucks on the first run-up. I took about a tenth of my profit and re-entered. Still haven't received my round-up shares.
Same here, I am on an IM session with Fidelity now
I am still way green on this position genius.
Very intelligient Dave.
This is going to turn around, IMO. Call it a hunch. And when it does, folks here talking so much smack will have disappeared. It will be fast too. Not a popular opinion but there it is. Keep talking your smack, it is easy to do at this point, we will see if you can eat crow if it does turnaround. We will see what everyone is made of. GLTA.
Boo Hoo, Go Tribe!!!!
Thanks, PC
From: Tony Gouveia, Chief Financial Officer
October 25, 2007
Why did Cinemax offer 100 CPPC shares to shareholders holding 100 to 4,999,999 QBID shares? It’s unfair to a shareholder, for example, that held 5,000,000 QBID shares and who received 100 CPPC shares versus a shareholder who only owns 100 QBID shares receiving 100 CPPC shares.
I understand that the 50,000 to 1 reverse stock split was difficult for the QBID shareholders after suffering, in some cases significant financial losses as a result of their investment in QBID. Please see my answer to the reverse stock split issue in the FAQ questions dated 10/19/07.
There were three issues that lead us to the decision to give preferential treatment to the shareholders that held between 100 to 4,999,9999 QBID shares: (1) We wanted the smaller shareholders, who would have had very few shares, an opportunity to have a minimal amount of shares (100 CPPC shares) so that they would be able to participate in the potential success of Cinemax. (2) If we have more engaged shareholders who have at least a minimal interest in Cinemax (100 CPPC shares) it would help all the shareholders as it would create more interests with the smaller shareholders and maintain more of our shareholders and possibility expand their interests once we had their attention. This would have a positive impact on the larger shareholders by increasing the value of their interests by having a wider base of shareholders and demand for Cinemax stock. (3) Legal counsel advised that the 50,000 to 1 reverse stock split would be beneficial in seeking approval form NASDAQ. Please note that the final decision was made by the senior management team of QBID and not legal counsel. However, we believed it was sound advice under the circumstances to follow this advice.
I fully recognize that there is an element of unfairness to the larger shareholders. This was not an easy decision. Please know this decision was due to the significant dilution of QBID, past financial losses of shareholders in QBID and the numerous related issues with QBID that has left many shareholders frustrated and dismayed about what has happened in the past.
I understand some of you will not consider this an unacceptable answer. I can understand your frustration. We need to think about what is in the best interest of Cinemax and its shareholders as a group. We believe that insuring that we received approval from NASDAQ and engaging more shareholders as, noted above, is in the long term best interest of the company. We are in this for the long term.
Please feel free to contact me at IRforTMM@cinemaxpictures.com if you have more questions or comments. I respond to all inquiries.
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__________________________________________________________
From: Tony Gouveia, Chief Financial Officer
October 22, 2007
What’s the difference between authorized and issued and outstanding? I’ve read posts on investment message boards expressing concern that there are more authorized than issued and outstanding and this means you will dilute the company. Please help me understand all of this!
The Articles of Incorporation clearly states the authorized shares as approved by the board of directors of the company. Cinemax Pictures is incorporated in the state of Washington. These articles are filed with the Washington Secretary of State office.
The current number of authorized shares is the total amount available for future issuance to shareholders subject to board approval. It is customary that companies have more authorized shares than what is outstanding. If you review the balance sheet of numerous well established companies you will notice that many of them have significantly more authorized shares than issued and outstanding. Form 10-K, which is the annual SEC report (filing) will have this information if you would like to confirm what I stated.
Authorized shares in excess of issued shares and outstanding shares is exactly what it is, authorized -- but not issued. It does not mean that all these companies are trying to dilute the company. My standard advice to all investors is seek competent advice in these matters. I would consider the source of the information and act accordingly.
As a general approach, which is probably consistent with most reputable companies, we will not approve additional issuance of shares unless we feel value is being added to the company. For example, if we acquired a company which involved cash and stock. The additional value added from the acquisition should add sufficient value to not dilute the stock on a long term basis.
How many shares are authorized and issued and outstanding?
We have 75 and 25 million authorized common and preferred stock, respectively. Currently, there are approximately 35 million issued and outstanding. Former QBID shareholders own 20% of the issued and outstanding stock of Cinemax Pictures which represents approximately 7 million shares. Individuals defined as insiders own the other 80% which is approximately 28 million shares. The share counts are estimates and the final adjusted count will be reported at a later time
Do you plan on staying in OTCBB or do you have any plans on moving up an exchange and why?
No. We do not want to stay in the OTCBB. It is our plan to move up to NASDAQ as quickly as possible. I cannot state when, as it depends on many factors. One of our goals that I have previously mentioned is the acquisition of entertainment related assets. We are in the process of working through a few potential acquisitions.
I think we need the additional exposure that will attract investment dollars to consolidate and grow the company to the level we are trying to achieve if we execute our plans and grow at the pace and in the manner planned. We are in this for the long term.
What ever happened to QTN? Is that part of Cinemax Pictures now?
No. QTN, the network, went permanently dark in May 2006. Based on a cursory review, it appears that the liabilities were significantly in excess of its remaining assets. Lloyd Fan and I were seeking funding to start an Asset Recovery Team as Mr. Fan’s direction to me was to try to do whatever possible to pay back some of what was owed to the employees and creditors of QTN. Unfortunately, we never received funds to start this process before it was put into an insolvency proceeding. The court now controls the assets, books and records and responsibility to administer this process. Knowing this insolvency process was in process and imminent, and under the advice of legal counsel, Lloyd Fan, who was in Asia at the time, opted out of attending the employee California Labor Board hearing, a move he now personally regrets.
I noticed that you provided me a very long detailed e-mailed regarding my inquiries that I forwarded to you at IRforTMM@cinemaxpictures.com . Furthermore, I’ve noticed that you have provided extensive explanations on various matters related to the company that concern some shareholders. Why have you dedicated so much time to doing all of this? What do you hope to accomplish?
First, I fully recognize that the trust between Triangle Multi-Media (prior to merger) and the shareholders was broken prior to my involvement with the company. There are a lot reasons for that. Second, shareholders who put their hard earn dollars in to a company deserve as much disclosure and transparency as can be allowed by law and is appropriate under the circumstances that assists them in making good investment decisions. Third, one of my stated goals I indicated in the Company FAQ section of the web site dated October 4, 2007, is to build credibility with the shareholders. Finally, I place a very high value on trying to be clear and transparent as possible.
What I’m trying to accomplish is to provide information and direction to the shareholders. It’s my hope through following through and executing our plans and communicating effectively that we will develop a loyal shareholder base that will support our plans and future growth.
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__________________________________________________________
From: Tony Gouveia, Chief Financial Officer
October 19, 2007
Why has the State of Washington, Secretary of State, Corporations Division not approved the Merger?
In the opinion of special securities counsel, we are in full compliance with all Federal and State Securities Laws. Our counsel worked closely with the State of Washington, Secretary of State, Corporations Division. Please note that it is NASDAQ that approved the Plan of Reorganization, Merger, and Common Stock Reverse Split.
__________________________________________________________
From: Tony Gouveia, Chief Financial Officer
October 19, 2007
What was the rationale for the reverse stock split?
Some shareholders have e-mailed me at IRforTMM@cinemaxpictures.com inquiring about the rationale behind the reverse stock split. I indicated in my response that I would discuss the reasoning behind this in the Company FAQ section of the Cinemax Pictures web site. I want to keep my commitment to everyone and discuss this in some detail.
There were approximately 316 billion shares issued and outstanding prior to the merger with a price of $.0001 per share. This is equivalent to a market cap $31,600,000. Please note the following: (1) the price of .0001 is an artificial price as the system does not allow the price to be presented at a lower value. Therefore, the market cap noted above of $31,600,000 is not correct. (2) There was no bid (unpriced) on Triangle Multi-Media (“QBID”) that would allow most of the shareholders to sell their shares. Therefore, the perceived value in the stock of $.0001 was not there. (3) QBID’s asset was QTN, which went out of business in May of 2006. Furthermore, it appears that the liabilities of QTN were significantly higher than assets of QTN. Therefore, the value of QBID, which was based on QTN, was worthless.
Lloyd Fan, out of concern for the shareholders and at great time and expense to him, retained me to assist him in developing a plan to assist shareholders recoup some of their investment in QBID. Obviously, QBID was worthless. The only asset that QBID had was the public entity (public shell) QBID. QTN had some assets that could have possibly generated some cash and income stream going forward. It’s possible, if we had funding and sufficient time, that enough cash could have been generated to pay some of the debts of QTN. Unfortunately, we were not given that opportunity. It needs to be pointed out that several creditors and employees suffered losses related to what happened with QTN.
As a result of the above, we realized that we needed a viable business with an executable business plan to assist shareholders recoup some of their investment in QBID..Cinemax Pictures offered us the best opportunity to add value to the former QBID entity. We believe in our business strategy, our management team and what we are focusing on at this time in this industry (movie and television production and other related projects). No one can guarantee success. However, we are committed to making this a successful company. On October 4, 2007, in the Company FAQ section of the web site, I indicated two important goals:
As CFO, I have two important goals (this is not all inclusive and there are many other important objectives): (1) to build credibility with our shareholders; and (2) add value to the company via acquisitions and movie and television projects.
Everyone in the management team under the leadership of Constantine Papadopoulos believes in the same thing and is driven to make these goals a reality. My wish is that you will give us an opportunity to win your trust and that this becomes a successful experience for all of us. If you decide that we are not to be trusted and you can not over come what happened in the past. I understand and respect your decision. I know what happened with QTN, none of the senior management team that was involved with QTN is working for or with Cinemax Pictures, was devastating for a lot shareholders. After suffering, in some cases significant financial losses, you are faced with a 50,000 to 1 reverse stock split.
I can fully understand how difficult it is to accept such a significant reverse stock split. But, I would respectfully request that you consider the following: (1) The reverse stock split is required as a result of what happened in the past with QTN and QBID. QBID had 350 billion authorized shares. The Cinemax Pictures senior management team is trying to add value to this company and was not involved with what happened in the past. (2) It is impossible for this company to be successful with the share count at such an unusually high level. The investment community would never consider investing in a company that was seriously diluted as QBID was in the past. (3) There was no viable alternative available to us other than Cinemax Pictures. We did not have sufficient funding to re-start QTN, We could have sold QBID to another entity for the value of the empty public shell/company. That would have generated between $.000095 to $.000158 per share. Therefore, we decided to move forward with the merger and give it our best efforts to make this a successful company.
Please contact me by e-mailing at IRforTMM@cinemaxpictures.com if you have further questions on this or any other matter. This is the e-mail address you should use to inquire about any shareholder related issues. I have received several e-mails on various matters and I have responded to everyone. You have my commitment that I will continue to respond to your inquiries.
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__________________________________________________________
From: Tony Gouveia, Chief Financial Officer
October 17, 2007
All the trading of CPPC on October 16th caused a significant rise in price and a huge increase in volume. There has been speculation that Cinemax Pictures insiders were dumping shares starting on October 5th and continued on October 16th, even as high as $4.00 per share. Is there any truth to these rumors?
No insider shareholders in CPPC (Management, Board of Director’s, or Employees) HAVE SOLD ANY SHARES privately or on the open market. Therefore, these rumors are false. We believe in this company and its future, and selling shares off in that manner would be unethical to shareholders past, present and future.
A statement in your recent PR (and one of the answers to the FAQ) indicates that you are in the process of negotiations to acquire an existing film library. I’ve read that one of these libraries could be the film library from Valcom and Frank Olsen.
No. We are not considering the purchase of this library now or at any time in the future. One of the libraries we are currently considering is a prestigious collection of films with many well known and diverse international titles and genres. The contents of that library will be announced if and when we complete the transaction.
Will you answer all shareholder questions?
I will respond, and have responded, to all shareholder questions. Please know that I cannot answer all questions if it violates any SEC disclosure issues. Furthermore, some questions will be responded to in the Company FAQ Section and not to individual shareholders if I feel it would give anyone an unfair advantage.
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__________________________________________________________
From: Tony Gouveia, Chief Financial Officer
October 4, 2007
Statement:
It has been a long road for us to complete this merger. It’s been over a year. I’m very excited that we have finally completed this transaction. I have tried to answer those questions that I thought would be of most interest to everyone that I am allowed to answer under the present SEC rules and regulations in place regarding disclosure issues. Please feel free to contact me if I missed an important question or you have a follow-up question if my answer was not clear. As CFO, I have two important goals (this is not all inclusive and there are many other important objectives): (1) to build credibility with our shareholders; and (2) add value to the company via acquisitions and movie and television projects.
My commitment to the shareholders is to provide as much clarity as we can about what we are doing and what we are trying to do going forward. I’m interested in what you think. I want to build a good strong relationship with our shareholders. I hope we can win your trust and respect. I wish us all great success as we move forward.
Frequent Asked Questions
From: Tony Gouveia, Chief Financial Officer
Is TMM gone and now called Cinemax Pictures and Production Company Intl. Inc.?
Yes and No. The merger was consummated on 10/5/07. TMM is the surviving company and the name was changed to Cinemax Pictures and Production Company Intl. Inc. The former shareholders of Cinemax Pictures are now the controlling majority of the combined entities.
Are there two Cinemax Pictures - one in Washington and one In Toronto as some posters have claimed?
No. TMM’s name was changed to Cinemax Pictures and Production Company Intl. Inc. as part of the process of merging the two companies.
How did the merger happen with out a shareholders vote?
The merger requires majority shareholder approval and Articles of Incorporation that grant the company the authority to complete this and other transactions. Lloyd Fan owned 53% of TMM and approved this merger and it was properly filed with the State of Washington, Office of the Secretary of State..
What if you owned less than 50,000 shares - will you lose out on the reverse split?
No. Any shareholder that has 100 to 4,999,999 shares will receive 100 shares. We are providing preferential treatment to the small shareholders that would have been negatively impacted by the reverse stock split.
What is the new trading symbol?
CPPC
Why do I have to pay Capital Transfer to get the new shares of my stock?
These are the customary fees that are required to complete this process with the transfer agent. Cinemax has no control over these costs and shareholders will need to enclose a certified check or money order US funds with these fees (made out to Capital Transfer).
Please note: the fee structure and the address for Capital are listed below.
Can I sell my shares before I turn them in to be reissued?
If you decide you want to sell your position in CPPC, please be advised that some, but not all brokerage firms will allow you to sell before you turn them in your old QBID shares. If you can and decide to do that, you will carry a short-position on your account and on the brokerage house books for a few days. It is therefore “up to you and your brokerage house,” but the matter would be simplified if you surrender your old certificates and obtain new ones before you try to sell your shares.
How can we be certain you will not repeat what QBID did to us shareholders.
I would encourage everyone to ask questions and do whatever logical due diligence you deem necessary to reach a comfort level with your investment. We hope we can win your trust and respect and that you will remain a shareholder. We want the opportunity to turn the past around and build a company that will have long-term sustainable value for all shareholders and allow us to become a successful production company.
Why so large a reverse split?
Due to the previous TMM management team, the outstanding shares of the company were so significantly diluted, it was the only way we could regain a logical amount of shares in the float and to get institutional interest.
Is Frank Olsen or any of the people associated with him in the past involved in the company?
Except for Lloyd Fan, no one from the old Board of Directors or officers of Triangle Multi Media is involved with Cinemax Pictures and Production Company, Intl. Inc., nor will they ever be involved.
How will the new company operate financially that will benefit shareholders?
We will not be involved in any transaction that we don’t feel will generate value for the company and we will be involved in lucrative transactions that go through extensive screening to match our short and long term profitability objectives..
Where are the offices of Cinemax Pictures going to be located and when will they be opened?
We are currently looking for office space in Los Angeles area of Southern California.
Who is handling Investor Relations for the company?
We are currently interviewing candidates. In the interim, the management team will handle this until someone is selected. I will continue to have a separate section on the web site to communicate with shareholders. I view this as one of my primary responsibilities as I believe the shareholders represent a vital and important asset of the company. At the moment, we are only accepting mail with stockholder inquires that we will do our best to legally and ethically answer, without divulging and inside-information. Please address shareholder and investor correspondence to this address only. Inquires of this nature sent to other E MAIL addresses at the company will remain unanswered.
THE CORRECT ADDRESS FOR INVESTOR RELATED QUESTIONS IS:
IRforTMM@cinemaxpictures.com
Is the company going to only produce movies? Will you be investing in other projects?
We will produce, co-produce or offer gap financing for movies and TV programs and will have two divisions that will be handling both areas. Furthermore, we are in the process of negotiations to acquire entertainment related assets, including existing film libraries that could generate cash flow and value to the company.
____________________________________________________________________________________________________________
We respectfully request that all stockholders return their stock certificates
representing shares of old common stock to the transfer agent for cancellation,
in exchange for certificates representing the number of whole shares of new
common stock into which the shares of old common stock have been converted as a result of the common stock reverse split. . In order to receive new
certificates, stockholders must surrender their old certificates, plus fees, in certified check or money order (in USD) made out to the transfer agent, Capital Transfer Agency, 390 Bay Street, Suite 2020, Toronto, ON Canada M5H 2Y2 for cancellation.
Stockholders whose shares are held in electronic format do not need to submit
old certificates for exchange. Their respective accounts will automatically be
adjusted to reflect the new quantity of shares, based on the exchange ratio
IF A SHAREHOLDER WANTS ONE QBID CERTIFICATE CANCELLED AND ONE CPPC CERTIFICATE ISSUED, THE FEE IS AS FOLLOWS: $75.00 USD
$ 25.00 USD cancellation of share certificate
$ 35.00 USD issuance of new share cert
$ 15.00 USD registered mail in the US
$ 75.00 USD
IF THEY HAVE 3 QBID CERTIFICATES TO CANCEL AND ONE CPPC CERTIFICATE TO BE ISSUES, THE FEE IS AS FOLLOWS: $125.00 USD
$ 75.00
$ 35.00
$ 15.00
$125.00
PLEASE NOTE: Each shareholder mailing in their certificates to us MUST include their full legal name, full address, telephone numbers and e-mail address (if they have one).
We will need this information if there is a need to contact them if there are problems with the transaction. It also gives us the opportunity to update our system for future contact.
If your shares are with your broker, have the broker send them directly to CAPITAL TRANSFER INC. (at the above same address) with a Fed Ex or other overnight package service account number for the new certificates to be returned.
If you have any questions regarding the process of the exchange of shares please write DO NOT CALL Capital Transfer Agency at: info@capitaltransferagency.com
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Statement from Mr. Gouveia:
Updated: September 15th 2006
The purpose of this FAQ is to clarify information that is included in the press release dated 8/21/06. Questions regarding information that falls outside the scope of this press release will not be addressed. Therefore, please keep your questions focused on the subject matter discussed in the press release.
Any answers provided will be included in this website. No information will be provided to any individual that is not included in this website as information provided has to be available to everyone so that no one has “insider information”. Please continue to view website as answers will be included on the website.
I would like to share the following with the QBID shareholders:
(1) The purpose of the press release dated 8/21/06 was to provide information on what our plans were going forward, as we believe it was important to communicate as quickly as possible about our intentions.
(2) There will be further communications as things progress to a point that we can state with confidence what the final result will be. We are not interested in making false or misleading promises regarding our plans. Therefore, we will not make ironclad promises on transactions or other issues that may not have progressed to the point that we can comment on the end result.
(3) We are not concerned about the day to day fluctuations of the QBID stock. Our goal is find a long-term solution for the shareholders. Furthermore, we want to find a solution for the employees and creditors.
(4) The transactions discussed in the press release involve complex issues that take time to resolve. We believe that these transactions can be finalized in a few months. However, we cannot guarantee it.
(5) If we are properly funded, I will very aggressively determine if there are assets that legally belong to QTN, and use whatever legal alternatives available to reacquire these assets. Furthermore, the recovery team will include an oversight committee representing mostly individuals who are not Directors or Officers of TMM or QTN in order to have independent oversight of this process. Progress will be communicated at www.obiongroup.com. This website will be ready shortly.
(6) I would like to caution everyone to be careful about negative information you may read in message boards or other forums. There are individuals who have agendas that may not be the same as yours. Some of this information appears to be misleading and inaccurate and in some cases is meant to attack and discredit individuals and companies. Please protect yourself against these types of activities. I strongly encourage you to make intelligent and informed decisions with a healthy dose of skepticism.
Mr. Fan and I want to thank you in advance for your patience and hope that you will all profit from the transactions discussed in the press release.
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Frequently Asked Questions:
Will there be a 10,000 to 1 reverse stock split?
The timing to disclose this will be up to Cinemax as this is a post-transaction event.
Is Lloyd Fan the CEO and Chairman of TMM/QTN? When I call the Washington Secretary of State's Office, they say that Frank Olsen is still listed as CEO and Chairman.
We are in the process of filing the necessary forms to update these records.
Will there be a full forensic accounting of QTN's accounting records?
As stated in the press release, we are considering moving forward with a forensic accounting audit of QTN. If we move forward with this audit, we will communicate our intentions in a future press release.
Will the employees receive payment for unpaid back pay?
As stated in the press release, we are trying to work out a plan for QTN whereby we would be able to make employees whole for unpaid back pay. We will communicate our direction with QTN and the impact this will have on employees in a future press release.
Will the creditors be paid for past goods and services to QTN?
As stated in the press release, we are trying to work out a plan for QTN whereby we would be able to pay creditors. We will communicate our direction with QTN and the impact this will have on creditors in a future press release.
The QBID shareholders are to receive 25 billion shares of The Obion Group. What will be the QBID shareholders equity interest in The Obion Group?
The equity interest in The Obion Group is in the process of being determined. The details regarding this will be communicated by The Obion Group. Please go to www.obiongroup.com.
What does Pro Rata Basis mean?
This means you will have the same % ownership in Cinemax, based on a total ownership of 20% for QBID shareholders that you had in TMM. For example, if you own 10% of TMM you will own 2% in Cinemax. However, please note that Cinemax will contribute assets and have a stated value versus TMM which has no assets and a subsidiary (QTN) that is burdened with debt.
I don’t understand how these transactions will work. Can you clarify how this works?
Without going into all the rules and regulations surrounding these transactions and trying to keep this simple, the transactions work as follows:
(1) Cinemax is a private held company. TMM is a public company. Cinemax is going to buy TMM and include assets into this public company. The public company going forward will be Cinemax;
(2) In addition to QBID shareholders interest in Cinemax, the QBID shareholders will have an equity interest in The Obion Group. See www.obiongroup.com for details. The Obion Group will purchase a public shell to become a publicly traded company. When this is completed, the QBID shareholders will receive an equity interest in The Obion Group;
(3) QTN will be sold or assets liquidated. The proceeds will be used to pay employees and creditors. If there are any excess funds, after paying employees and creditors, the additional funds will be returned to QBID shareholders in the form of a dividend. None of the QTN assets have been liquidated at this time; and
(4) QTN Asia is currently a private held company based in Taiwan. We plan on maintaining that status for the foreseeable future.
I am a shareholder and I wanted to know if I should buy more shares of TMM (QBID)?
I am not allowed to advise you regarding increasing your interest in TMM.
Will TMM shareholders own an interest in QTN Asia?
No. QTN Asia is a privately held company based in Taiwan.
How can I contact Mr. Fan about investing in QTN Asia?
Contact me via this website and state that you want to be contacted by Mr. Fan and I will forward your information to him. Please know that Mr. Fan receives numerous requests regarding investments in QTN Asia. Therefore, he will be selective in communicating with interested parties. The more information you can provide regarding your interest and level of investment the better, as it will be helpful in assessing his interest level.
Is Mr. Fan the CEO of TMM and QTN?
Yes.
Are any of the prior management now Officers, Directors or employees of TMM or QTN?
No one previously associated with TMM or QTN, in any capacity, is an Officer, Director or employee of TMM or QTN, except Mr. Fan.
Have the Washington State Articles of Incorporation been updated to include Mr. Fan as CEO and Director?
Yes.
Why did it take so long to update the Washington State Articles of Incorporation? I was told that Mr. Fan cannot be CEO and Director of TMM and QTN if Washington State Articles of Incorporation are not updated.
Mr. Fan and I were focused on helping shareholders, creditors and employees and when time was available I arranged to have these records updated. The process of appointing Mr. Fan as CEO and Director of TMM and QTN was properly executed by a qualified licensed attorney. The updating of the Washington State Articles of Incorporation needs to be done. However, it does not preclude or delay the appointment of Mr. Fan as CEO and Director of TMM and QTN. I would strongly advise anyone to consult with someone who is qualified to opine on these matters, such as a licensed attorney who specializes in corporate law.
Why didn’t the company go into bankruptcy?
As previously stated, our goal is to do whatever we legally can to assist shareholders, creditors and employees recoup as much of their financial losses as possible. Nothing precludes us from going into bankruptcy, if we think it is in the best interest of all parties concerned. We will continue to use qualified legal counsel to advise us of what our optimal strategy should be to achieve our stated goals. I would strongly advise anyone to consult with someone who is qualified to opine on these matters, such as a licensed attorney who specializes in bankruptcy law.
What happened in Texas with the Secretary of State’s Office regarding the sale of securities? Is Frank Love, The Obion Group or any company or individual associated with these companies being investigated by the Texas Secretary of State’s Office?
Mr. Love and his attorneys will be available to discuss these issues with anyone that has a concern about this. Please contact him and provide your name and contact information through his Investor Relations person noted on the Obion website. Per the Texas Secretary of State’s Office, there is no investigation. I would strongly advise anyone to consult with someone who is qualified to opine on these matters, such as a licensed attorney who specializes in this area.
Someone has been providing official information from the Texas Secretary of State’s Office that you and Mr. Fan were Directors or associated in some other capacity with Fat Franks Chicago Style Hot Dogs, Chicago Style Hot Dogs, The Obion Group, Mr. Love or any other companies or individuals associated with these entities at the time the incident occurred with the Texas Secretary of State’s Office.
Mr. Fan and I were not associated in any capacity with any entity or individual noted above at any time prior to July 2006. A very simple and straightforward investigation into when these records would easily show that the records were updated to include Mr. Fan and me in July 2006. I would strongly advise anyone to consult with someone who understands how to do due diligence properly and is qualified to opine on what this means, such as a licensed attorney who specializes in this area.
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You should ask yourself why they wouldn't fill my bid.
I am a bit annoyed that folks are getting filled below my bid.
I have had a bid in for .30 for about an hour. Still no round up shares in my Fidelity account.
If it was Devito and Travolta I might believe it. They know how to "Get Shorty"...
Oh, I get it, the PPS goes up, and everybody says it is because of this silly rumor. C'mon, nobody really believes him.
I caught a giant iceberg last year, but by the time I got it home it wasn't anywhere near as big as when I caught it. Nobody believed me how big it was. They kept saying I was telling Ice Phisherman tall tales...
It's so funny and ridiculous, you almost can't be mad at the guy. What a hoot.
Too late for the round up.
Posted by: odiaz28
In reply to: None Date:10/23/2007 5:49:37 AM
Post #of 1176
AMMA just switched hands from rk mcbride to wayne mower...
AMERICA'S SHOPPING MALL, INC.
Business Entity Information
Status: Active on 10/8/2007 File Date: 5/4/1999
Type: Domestic Corporation Corp Number: C10914-1999
Qualifying State: NV List of Officers Due: 5/31/2008
Managed By: Expiration Date:
Resident Agent Information
Name: LAUGHLIN ASSOCIATES INC Address 1: 2533 N CARSON ST
Address 2: City: CARSON CITY
State: NV Zip Code: 89706
Phone: Fax:
Email: Mailing Address 1:
Mailing Address 2: Mailing City:
Mailing State: Mailing Zip Code:
View all business entities under this resident agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 20,020.00
Par Share Count: 20,020,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers
President - WAYNE MOWER
Address 1: 4774 SOUTH HOLLADAY BLVD Address 2:
City: HOLLADAY State: UT
Zip Code: 84117 Country:
Status: Active Email:
Secretary - WAYNE MOWER
Address 1: 4774 SOUTH HOLLADAY BLVD Address 2:
City: HOLLADAY State: UT
Zip Code: 84117 Country:
Status: Active Email:
Director - WAYNE MOWER
Address 1: 4774 SOUTH HOLLADAY BLVD Address 2:
City: HOLLADAY State: UT
Zip Code: 84117 Country:
Status: Active Email:
Treasurer - WAYNE MOWER
Address 1: 4774 SOUTH HOLLADAY BLVD Address 2:
City: HOLLADAY State: UT
Zip Code: 84117 Country:
Status: Active Email:
Without man, a woman would just be a wo
I thought that was a guy. The dude that sang the 'Titanic' song?
If UGYA does anything it will take some time. Both got some attention today.
That is a surprise. Lets hope if somebody buys this shell(I am assuming it is a shell) they don't wait forever to file. Hopefully we hear something soon. Same with AMMA.
Bummer, that is why I like Fidelity. They treat me like a grown up. They let me buy what I want.
Is anyone else showing the bid at .0006? Odd considering .014's are getting hit. Watch out for a ugly close.
Only if you are prepared to lose 10-20 bucks.(whatever your commision is) JMO.
Buy from 2 different accounts?