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I totally agree, Qurious. This is certainly NOT a bad sign. In fact, I think it hints to huge things coming soon.
WFFC & KTF
Last minute manipulation?
Yes, as you say, "same old - same old"..
Nonetheless I am most thankful for ALLLIAN and all of his goodness.
KTF & WFFC!!!
That's actually interesting. News corp could bring endless cash to the party.
Pretty thin on detail as to how it works. Somehow advertisers will pop around on the UI and send cash to a label when a song is played?
Sounds like founder Adam Kidron has taken a page from the Klepto playbook, stating that payouts to labels of $1 billion are "within reach"... What is it with this industry and hyperbole anyway?
"Get it together", Q-tunes?
Seriously good buddy, it is hard to read that when in the same post you say "when they launch in China and India". You realize we are in the BLLN thread here, the company the never launches, don't you?
When my cat grows wings, she will fly around my home!
And on technical note, did anyone see the last second, teeny/tiny volume 4pm jump from 0.03 (a loss compared with Thursday) to 0.032 at close so it shows slightly up for the day, and we get to see that all weekend? The stock languished all day below 0.031, and then 4pm comes around and POOF, on less than 10% of the todays volume prior, it jumps to .032 from 0.03. No, this baby isn't manipulated, no surely not. There certainly had to be an investor who desperately wanted to purchase $3,000 of BLLN between 3:30 and market close, right? Yeah, right...
Darth-
If Qtrax is available in those countries, why isn't anyone downloading anything?
Will the next series of countries they list also be not using the service as well?
Shot, I agree with the theory of your point, but IMHO, it must be viewed in proper perspective. I offer an analogy to explain-
"All I need to do to become a trillionaire and solve world energy, disease, hunger and war issues, is to develop safe, sustainable cold fusion." Simple really. Except for that "develop cold fusion" part...
It is NOT uncommon for embryonic companies to have poor current ratios as generally early growth requires capital the company doesn't have thus payables and other current liabilities go thru the roof. Unfortunately, IMHO this is hardly analogous to the situation at BLLN. BLLN has been repeatedly on the wrong side of lawsuits and judgements, and not just with vendors as plaintiffs, but INVESTORS as well! It is hard to figure whether this is because the company promised more than they could deliver, or whether something more sinister is afloat. But it isn't something to scoff at. It isn't A/P. It is, IMHO, a bright red blinking warning light any potential investor/lender will not be happy to see.
It would be great to see BLLN establish something, somewhere, but IMHO these fake launches aren't going to turn many sophisticated heads. It would also be great, from my perspective as a equity holder in Brilliant Technologies, to hear and see some form of leadership exhibited by the powers that be. Given the near decade of failure (not little ones, rather big, spectacular, PUBLIC failures) we've suffered through, why not treat us like stockholders and tell us why our investment isn't worthless. OK, the minions have hinted about soft launches, lets see some data. The great thing about databases is EVERYTHING and ANYTHING can be querried. So, AK, how many downloads have taken place with the new non peer to peer model? How many users are online at any given moment? How many labels are under contract and providing unlimited access to their libraries? How much of QTRAX does BLLN still own??? What does BLLN currently owe lenders and investors????
I think you'll find guys like me are MUCH more pleasant to be around when we aren't having our chains jerked around, if you know what I mean. And I think you do, as you've been around here a long time and likely are pretty darn frustrated as well.
Umm, Q-tunes, I think it is rather obvious Chewy is answering NBSKY's querry in the post immediately preceding. Perhaps you missed the clue-
In reply to: nothinbutsky who wrote msg# 24158
in the post?
Anyway Q-tunes my bud, what is your take on the fake launch? Think ditching Songbird is an "end around" wrt Oracle? Why don't you think the portability is NOT working? Do you think a fake launch best advanced our interests as stockholders, Q-tunes, or are there other factors in here I'm not taking into account? Do you have any idea who is left on "the A-team"? Have you heard any rumors of bankruptcy so as to duck the debt and a restart in a new shell? When do you think the birdman and the sith lord will be given their new orders and we can benefit from their new missives?
A lot of questions, I know...
Well, Qfake, you may have missed it, but April- early May brought a LOT of the Qtrax "message" into this forum, courtesy of the usual errand boys. Didn't you hear about the LAUNCH in FIVE COUNTRIES with PORTABLE, NON-DRM TETHERED music?
No??
Good.. You were spared the disappointment.
Nonetheless, I shall KTF. I hear next week is going to be HUGE!
Well, this stinks.
I've logged over 400 posts and NOT A SINGLE PENNY from Steve Jobs...
This paid basher business sure is tough.
On to more fun- looks like the MMs are at it again today. I love their end of trading day swings, don't you? Erasing the day's losses with a last second 75,000 share ($2,250) swing (4pm). Almost like clockwork how this baby is manipulated, isn't it?
Well, it looks to me like the powers that be have decided the muffling/intimidation strategy was a failure. Since no one seemed to buckle to threats made by their minions, apparently their new course of action is to remain silent. Probably smart on their part.
Any guesses as to when they return with new marching orders?
I'm getting bored...
My technical analysis indicates BLLN is heading to $0.015 within the next 3 to 6 weeks, if not sooner.
Maybe Q or the sith lord will threaten me for this post, or ask me why I post here. Hopefully BigBird1 will come in, of course not working for a MM or being a co. hack and let us know that great things (I(his)HO) are about to be.
So guys, can anyone make a cogent argument that this stock isn't on it's way to becoming worthless?
No, Q, I get it. It should be obvious considering my posts when many in here were raving about the "launch" just weeks ago...
From the looks of the qtrax site, I'm not even sure this thing is above Alpha status. Seems like essentially NO ONE is using it as well. Quispy's is pretty much the only 2010 post I could find. Stands to reason (especially viewed in the light of prior performance) that this thing may be dormant.
Do you REALLY believe BLLN has given any priority to paying down its debts? It doesn't look that way to me. It doesn't take a rocket scientist to deduce the change from Songbird to the "new" format was likely done to preclude Oracle from getting a injunction against Qtrax for using tech they didn't pay for.
IMHO, paying down debt doesn't even register in terms of AK's plan. Which may work out for him, after all, I've NEVER met an investor who would give a "start up" cash knowing it would be used to liquidate payables and judgements. That investor doesn't exist, my friend...
On another note, isn't it funny we haven't heard from Eagle lately? Don't you think he'll be getting marching orders soon and will be back in here with his secrets and promises that he has no connection to the company or MMs?
Hey good buddy Qurious- let's take a break from threatening posters who write things that scare you and instead talk BLLN.
I see you are "on board" with whatever you want to call this soft launch that isn't a launch. At least it seems you are, when you write this:
I look forward to many more soft launches... and expect them soon- I think it's great they are doing it this way- and don't buy any arguments against- I know the purpose of them and I think the next month is going to get nice!
This whole time there have been people who have asked so many crazy questions about Qtrax, like... why don't they launch with two labels? Why don't they launch in this country and not that country? Etc. Etc. What they DON'T seem to understand is that the model depends on massive volume. They can't succeed on a small or decent number of users. That's what makes it so complicated, in my opinion. They have to have a massive audience, and it has to happen very quickly, so that people can see the potential of users... for ad revenue, etc. They can't start it half ass and hope that it grows. That simply won't work- and why it never worked with SF. Once I used them twice and couldn't find the music I felt like hearing, I never logged on again. Qtrax can't afford to have that. They have to get users to sign up and keep coming back, the users have to number in the millions.
So it's very important that they have millions of global users and that those users have a positive experience from day one.
Darth my main man, what team are you talking about?
My sources intimate that Robin is long gone.
Who's left, Lance and Riccobono?
From the looks of things, whatever team there once MAY have been, (to use Klepsy's favorite songwriter's words) "is now blowin' in the wind"...
Congrats on the creation of the term "soft launch", tho! Very nice! I was checking out the support blog (qtrax/groups/group detail) area in Qtrax.com. Quispy posted ELEVEN DAYS ago a querry as to who was downloading what, and in what country did they live. NO replies. NO indication of activity or users anywhere. So, as usual, the "bashers" seem to be right- "soft launch" = "no launch" = more of the same, imho.
Qurious, my excellent friend, I'm trying to understand what in the world you're talking about with respect to lawsuits. Let me see if I got this straight-
As you've said COUNTLESS times, FUNDING is the main problem facing BLLN.
It is INDISPUTABLE that BLLN owes many folks a lot of money, and that this debt shows no sign of being paid off.
So, with that said, are you actually promoting the idea that BLLN marshalls assets (e.g. - cash, which AK seems to always be very short of) to hand to attorneys for a freaking DEFAMATION action? Do you have any earthly idea what is involved with such a lawsuit?? And other than the fact that pretty much every negative post I've ever seen in here seems to have tragic basis in the TRUTH, imagine how much fun the defendant would have in this case. A recitation of the litany of failed promises would get the suit laughed out of court.
In summary, Buddy, you think it makes sense for BLLN to use money, which they don't have, to become a plaintiff in a supremely difficult if not impossible lawsuit (whilest they defend themselves in the other various lawsuits in which they're DEFENDANTS) which promises PUBLIC regurgitation of all of the spectacular failures and missed promises we've suffered through in the last five years?? Seriously, Qurious??? No... I didn't think so.
Hey Q-
I like that Billboard news page. A lot of stuff there, and I didn't know about it, so thanks for the reference.
Just curious, what does this have to do wrt BLLN?
Given Wayne is pretty much the only, umm, I MEAN ONLY, person in here who posts under his real name, exactly what are you saying here? That he should have stuck with Hans?
In any case, your post cements the idea that Rosso is "in" this industry. Not that rational minds doubted that.
In any case, thanks. As a "paid basher", I needed to get my post in for today so I can buy more gruel for my 28 children...
Indymand and others, my excellent friends:
UFO's!!!
BIGFOOT!!!
Loch Nessie!!!!
Santa Claus!!!! The Easter Bunny!!!!
and now-
Paid bashers!
C'mon folks, take personal responsibility for whatever diligence you did or did not perform before gambling on this manipulated pinkie. There's no such thing as ANY of these things. Spend your angst beating up your dishonest "sources", not those who speak the truth.
Don't believe me about there being "no such thing" as paid bashers? Prove it then! You guys are making the accusations only because I and other's post FACTS you don't like.
And Indy, based on the last two weeks of PUMP and DUMP, what in the world makes you think this stock is "on its way"?? Last time I checked, it was trading at $0.0265. Get real, friend.
You're right of course, Chewie. The "paid basher" theory is beyond laughable.
This behavior is fairly easily explained, though. Sometimes one get so wrapped up in an endeavor that objectivity flies out the window. Finding a scapegoat to blame is so much easier than reviewing why one is in the jam to begin with. Psych 101 or so. Once Qtrax is dead and gone, which probably isn't too far out in the future, there will likely still be folks who blame posters in here rather than taking honest stock of how taken advantage and bamboozled they were.
To think Apple worries about the existence of BLLN is absurd. And if they did, they'd certainly lose no sleep as it is obvious those in charge are doing a fine job of wrecking the whole thing. The Usenet and peer to peer mechanisms of illegal sharing is where the volume and competition is. Amazon is competition. Not this flailing model and certainly not with the history of those involved.
So anyway, care to speculate on the next carrot?
Regarding BLLN, Darth, first of all, there are NOT always two sides to every story.
Secondly, we know you're excited for Allan to address PUBLIC accusations, but you what we're more excited about? Becoming a public, reporting company--that's what. You know, one that realizes this is NOT Allan's company, it is the stockholders. IE, the folks that have bankrolled this thing to date. REAL company's hold stockholders meetings. Why not BLLN? Given Allan's history of being rather disconnected with inconvenient things, such as the truth, why in the world would we wait for his next proclamation??
I see accountants mentioned on the iHub BLLN info page as "auditors"... Well, it's been years and years since we've had audited financials. THAT is the PUBLIC info we'd be excited to see, Darth. Not more of the same in terms of promises, pump n dumps, and blaming the "terrible economy" (Eagle's favorite excuse) for the failure to date that is BLLN/Qtrax... That is what is old and boring to those of us who still have the capacity to analyze this company dispassionately.
Batman, keep it coming. Gotham still needs you.
Crazy market. Huge cap stocks moving $0.50/minute!
Apple seemed pretty well correlated with DJIA.
Wish I had the brass ones to play today, there was money to be made. But when it was obvious that something freakish was going on, my panties got twisted....
Awesome post, Birdy2, thanks for the heads up!
The candle is lit and we're ready to EXPLODE-
What best sums it up for me is this:
President Qtrax Advisory commission joint attendance, former American Phonograph record Association (RIAA) and international phonograph record industry association President (IFPI) the outstanding uncle graceful (Jay Berman) indicated that the achievement has more than 20 years to oppose the Chinese music pirates the question the senior official, I thought this act is very important one step.
Back the truck up, Mary, we got a board full of GREEN LIGHTS!!
You've nailed it.
Don't you love when a pumper comes up with this-
Launched in 5 Countries!!!!
Major Labels on board(not all of them)
All is good with QTRAX/BLLN.
IMHO
Well, Q, the Baidu stuff sure wasn't true... Where was the lawsuit?
Hammer, let me be the first to welcome you to our little group. Unlike nearly all of the recent arrivals, you do not seem to be a pump plant!
Many of us have believed we've been "turning the corner" for around six years now, but maybe you have the rabbits foot. Or, maybe, you've found one of our carrots. In any case, welcome aboard, mate!
The video I saw really doesn't validate anything, in my mind, at least. I saw a song being streamed, but nothing in terms of downloads, no real library, etc. I've done enough freelance Java and HTML coding in my day so as not to be too impressed by that swell, crippled webpage. Please.
It is extremely plausible to imagine all of this is mere continuance of the scam, all one has to do is read Birdy's posts to see that game is still running full on.
But cAPs, I don't know for sure, I'll freely admit that. Maybe this isn't a crooked scam. We will see, and I'll be here during the ride until the end, so we'll see.
Qurious, my friend! This is what they call a "teachable moment"!
Birdy isn't for real, nor are his imaginary Oriental friends, and I know you know that. Everyone else knows, of course.
And of course, portability isn't for real either.
Nice work, Q, you're starting to "get" this!
AH, Grover, are you serious with those points? Come on, man. With all do respect, you are exposing yourself more and more. If you are an investor, like you say, you can't even find ONE positive in these developments?
Wow. And who says it's slow? I've been told, by a few people, that it is lightening fast. Do you remember when we could download? It was 3-4 seconds per song. Do you REALLY think they would allow the service to backtrack from that? Come on . I know you are smarter than that- and you are proving that you are reaching for anything you can find to bash.
And do you think the portability is an issue?
So if that is proven, you will say, 'ah, you were right!'. They will not launch without portability. That is the whole freakin point of the service. And do you not think that the lack of a full catalog is something that will quickly come with one check? As in, funding coming in, correlating with launches? You are either being very naive or just trying to find any negative you can.
Again, grover, you are smarter than that- there are no carrots dangling. There has not even been a PR yet. They are not hyping ANYTHING!
They are just making the service work, a few countries at a time. And just wait until we see more... and CHINA! You will either disappear or you will surely find some other minor flaw to criticize. Give me a break- any REAL investor would be, at the VERY LEAST, a little encouraged at this point. Anyone would be. But no- not you. Even chewy sounded hopeful. I'm proud of him for letting that show, as painful as it might be. You are another story.
One more thing- what about the MAC compatibility?? You should surely be happy about that!! You can discuss that on all of the mac forums you troll.
Sure it is, Qurious.
Other than the fact nearly all the music is "coming soon" (hmmmm.. when have we heard that one before with QTRAX?) and it is slow as molasses and we have no confirmation of portability, it works FABULOUSLY.
I'm thrilled you're happy with your newest carrot!
And just so you know, the "normal person" you mention is wondering "wow... they'll fall for anything!"
Congrats buddy, KTF. This rocket is blasting off!!
I'd love to see your analysis of "value" in any investment in BLLN.
Let's review what we know and what we think we know:
-To fund current Business Class airfare and 4* hotels, AK has sold a majority interest in QTRAX. That's right, he's mortgaging the future, diluting our investment, all in the name of securing working capital.
-There is NO reason to believe that BLLN has good license to distribute music, and VERY GOOD reason to believe BLLN no longer does. Rosso (who posts in the first person) has been correct and has a wealth of experience and contacts in the industry. Eagle 1 (who posts under a pseudonym) has never been correct and if you believe that he has friends contacting him from Australia or wherever, well....
-The lynchpin of BLLN distribution infrastructure, Oracle, is suing for unpaid bills. Without Oracle we're cut off at the knees
-Assuming we can't rollout or launch for real, the only "product" QTRAX ever had was their own "skinned" version of public domain Songbird, which by it's very GNU license can NOT have separate value as intellectual property.
-Speaking of intangibles, let's face it- the reputation of AK and the integrity of his "promises" couldn't have less faith in the market. We do not have any material value in terms of going concern or goodwill.
So my friend, with all due respect, please share your analysis that suggests BLLN has value. I'd love to find real reason to have hope...
Well, I just phoned BLLN in NYC (at least that is the area code) and spoke to a nice young woman. I identified myself as stockholder in the company and politely expressed concern about my inability to get information regarding the status of the QTRAX rollouts in Australia, New Zealand, Singapore, Malaysia, and Hong Kong. She said she knew nothing about this. I asked if there were any other personnel available who may be able to clarify the issue. She said there wasn't and suggested I could call back tomorrow.
I also did my customary searches of news media in Australia and New Zealand and of course found absolutely nothing mentioning QTRAX more recent than articles on the failed rollout 01/2008.
I will keep my fingers crossed for those who hope "things are going on", as desperation must be driving such a sense of denial.
Faithfully submitted,
G
Speaking of BLLN and fundamentals, here's the two problems, Skip-
#1-
Some folks in here blame Chewy, me & others for merely telling the truth.
Some folks in here DON'T hold the pumpers accountable and instead yearn for their next whisper.
That's just crazy.
#2-
Some folks in here actually believe that the honest ones in here should be muzzled. That what is posted in here, and which is never factually challenged, should instead be censored. I know many longs in here, and hopefully this includes you, Skippy, aren't pumpers. See, the guys posting the "great stuff is just around the corner" are the folks who have cost you money.
If you actually believe that those who buck the pump and speak honestly affect the PPS... well...
That's just crazy.
Seriously. If BLLN was a going concern, a discussion group would be the last of their worries.
I've got to go now. It's chow time in Cupertino- time to get paid!
Darth, regarding your comment #23726, believe it or not, we ARE in complete agreement! Qurious IS a very funny guy, especially as evidenced by his latest theory that "bashers" "picked up those cheap shares and made a nice little profit off these people"... Irony is a sophisticated form of humor, and Qurious certainly nailed it with that one!
Chewy, an "AMEN" from the congregation to your post #23727!
Clearly great things are in store for us, and the patient shall be rewarded. I'm considering backing the truck up again. KTF, brothers and sisters, the revolution is beginning!!
Big?
How could you be in BIG when today's volume, albeit "bigger" than usual, was freaking TINY by any objective measure??
You're not buying QTRAX shares, are you?
It's amazing how those who get so upset about "bashing" (e.g. "telling the truth") just can't seem to let it go, isn't it?
Let's talk truth about BLLN, instead:
Around $50,000 of BLLN changed hands today. Whoopee. Believing volume like this signifies any great trend isn't defensible given the past manipulation of this stock. Any material sale would bring this stock back to $0.015 or worse in no time at all.
I smell a pumpin' comin' on!! Who's with me?
I would have to agree, Quispy.
In 30 years of mucking about in stocks I don't think I've ever seen a stock LESS suited for day trading than BLLN.
The pump and dump is usually signaled by an influx of "new" posters. Nothing much going on wrt that front, so it's hard to say, Chewie...
When I hear wind of V3 I'll definitely "sell on the rumor", in conscious defiance of the usual strategy
What do you find so encouraging about $6,000 of volume?
Chewy, Rick, Robin and the rest of the A Team which, unless someone can let me know I'm mistaken, aren't even directly involved with BLLN/Qtrax. They aren't board members (ummm, since for what ever reason, there is no board, yet this is a publicly held company), company officers, nor directors. Whether they are even involved anymore is a good question. Please update my information if I am out of date.
Q-Tunes, you were correct a few dozen posts ago. I thought it was AK we were talking about. That is the way it sure looked to me. I know you guys don't like me, and that is your prerogative, but as I've always said, I'm not lying (nor posting for some bizarre nefarious reasons), but I acknowledge missing that one.
No Qurious, he didn't.
I don't think any of the sewing circle even understood the post.
Clocks tickin' my good friend. It is just about done here.
I need some good news, Germy, tell us what you know.
Quispy-
Our sources must share drinks together. Of course, this is just what I was told and IMO only...
I, too, heard there will be a pump of titanic scale, on or about 4/23. This pump will be stimulated by news of emails sent to random people in the Orient inquiring as to interest for yet another email which would lead to an application for pre-authorization key, which then would be held until the real, yet top-secret, SUPER-Beta launch V42. K-T-C considers this multi-stepped pump perhaps the boldest and most promising strategy to date.
Near end of month, the failed Hindu-Kush launch will cause our huge volume and momentum to evaporate, with PPS dumpage at lightspeed. Currently, PR is being drafted to cover this unanticipated bump in the road. "No one saw this coming" Part II is the leading candidate to date, but other potential foes, such as i-Hub bashers, are being considered as plausible scapegoats for this shocking failure.
Emboldened by this latest future failure, a small but sturdy group of iHub KTF'er plan to form their own secret society, complete with identification handshakes, to continue discussing the tireless energies and brilliance of our "A-Team" as Summer Solstice Super Pump pre launch rollout discussions begin. Society members are delighted to hear that all music labels have granted QTRAX contracts in perpetuity, thus ensuring a endless future of successful pump & dumps.... Or so I heard....
I believe it was Timbuk3- "The Future's so bright, I gotta' wear shades"...