You'll get used to it.

Posing questions and making observations isn't "attacking", in case you didn't know.

It'll be off the chart alright if it doesn't happen soon.
Allan is "going to acquire financing" - that should have already happened shouldn't it?
If spotify raised $50M, why wouldn't Qtrax need something similar? That'd be the magic figure wouldn't it?
So, what wouldn't you bet on?: the sun coming up tomorrow or Allan getting this thing to launch properly (and make money)?

yeah great. Don't foget - you are told what you want to hear.,

Chinese sovereign funds are desperately looking to put all the money they've made from the U.S. into something - before the U.S. dollar crashes or something like that. Don't laugh. Take the money before you have to pay rent.
If he's got any sense, imo, he'd be offering Qtrax, with all the U.S. licenses, they'd absolutely love it. More entertainment than asking Bill Clinton to come to North Korea to rescue journalists, successfully, God bless him. LOL.
Keep talking AK. They'd likely want Qtrax before they want you, but hey, you're a good communicator aren't you.

You gotta get the psychology of these guys. If they get funding they will trumpet. If they don't, they will not tell you imo. That's the achilles heel imo. The silence is telling - if he hasn't said he's got the funding, he hasn't got it. He'd be sweating on it RIGHT NOW imo. If he doesn't pull this off, it's game over for him for the rest of his life. He knows that.
The last thing on this guy's mind RIGHT NOW is SEC reporting or blogs - he'd be crapping about getting funding. That's all. On top of that in my understanding he's dealing with China! Good luck - but he's gonna need more than that imo.
If he pulls this off, he's good. If he doesn't, he's cactus.

Rule Number 1 in Brilliant Land - they will tell you what you want to hear. If it hasn't happened, they won't tell you! Think about it:
my American friends. (You're a funny bunch of b*strds, you know that?) You call each other meatballs and endearing stuff like that. Excellent.

appreciate it. Thanks. Is he still in Asia (which means Chinese funding sources doesn't it?) That'd be a return trip to secure funding from my understanding of the blogs; they play hardball I believe, he'd better be good. The bottom line is that he needs, apparently, to pay Oracle or he's cactus. You can't trade an insolvent company without serious consequences.

Cheers, qurious, your insights are sound. Stay on the case buddy.

"I am guessing that he is probably out meeting with his investors trying to close the final deal." - You're right up to the minute eh?! LOL. Keep checking those timezones fella.

the silence is ominous imo. Too much time has elapsed now since the AK promises to update. The only information we have now seems to be what we can get from watching the pps. There are posters who from previous reports seem to know what the status is at any particular time. They are not posting, that is not a good sign imo.
The last news on Qtrax on a news search on google comes up with the Oracle lawsuit. That's where it and AK are at right now imo - between a rock and a hard place. He'd better be good at pulling rabbits out of hats, hate to think what he'd be pulling out otherwise.

You know, for the first five or so years of this annoying saga, I could get no news at all. There was no ihub forum or any other forum for that matter. zilch, nil, nothing. Nothing really until this forum came along, so even though there is negative and positive stuff here, it is a whole lot better than nothing, I can assure you. Think about putting up with these guys for years and not being able to get any news; and you think the recent blog updates are bad!
At least we know they can afford to pay the power bill!
That's gotta be good. Now, if they can just get another $50M like spotify did, to get this going, that'll be great. Just don't forget to pay your internet connection fee though guys. I know those pesky details are way downmarket, but hey, you're only human.

Nice analysis. Thank you. Some good food for thought there.
Imo, they won't get things rolling at all without the funding, neither would spotify have apparently, if all the flag waving about their success in raising funds is any guide.
It seems to me it is still a venture capital enterprise and yet to be proven. Spiral Frog was supposed to be the saviour too, but it's gone. The difference between these start-ups to me seems to be the quality of the product - Qtrax seems to be high up on that scale, and secondly, the quality of the management in terms of raising investment, and negotiating.
That's why I think Qtrax is still here, mainly because of Klepfisz's personal negotiating and communication skills (notably not with the shareholders though). Apparently it is either make millions or lose millions with Klepfisz, not a lot of middle ground there. None actually. Oh, day-trading not included.

in Brilliant Land "24 hours" usually means "soon" in my observation. And "soon" is a very fluid concept.
The trick to keeping your cool with this lot and these sorts of timeframes is to actually not expect that what they say will happen will happen, you just have to be very sceptical that's all. If they say 24 hours, and twelve of those hours are gone and no update, that doesn't increase the likelihood that the remaining 12 hours will see the update, and that we should be getting all excited. The rule in Brilliant land seems to be that if it hasn't happened in the first 12 hours for example, and then it hasn't happened by hour 23, then it isn't going to happen in the last hour either. When have they actually operated like that anyway? They don't. So why expect them to start now.
These timeframes are throwaways generally, none of them in my opinion have been met yet. When I see a timeframe with these guys, at least I know now when it *isn't* going to happen! I guess I'm just being a wretched reader though.

So. What's new with the funding? Anything or nothing? It is very quiet on that front, and to me, that means only one thing -they haven't got the funding.
That's all there is to it folks imo.

is spotify making money or are they relying on venture capital? Are the labels invested in spotify? How about Qtrax, are they invested in that, or is that a secret too?
Anyone know how the Qtrax funding is going or whether AK is on a commercial spaceflight looking for more investors at this stage. How do checks go in zero gravity anyway?

we will soon find out. The history is that even if funding is achieved, the pps doesn't do much. Recently, on "news" and 3.5 million shares or so turnover, the price didn't get traction.

It concerns me (still) that the focus (still) in the update is about achieving funding and "launching". That is not the big picture - this has to 'do' something as a product to make the pps go up - and stay there i.e. they have to make money - they need the model to work, not just "launch".
Then again, if you're a day trader waiting for a two cent spike, maybe it's a different story - unless it goes the other way on the news. Have fun.

Mark that post:
msg# 14858

if nothing has been heard from AK yet, it is, imo, from reading his blogs because the money isn't in yet. I am sure that when it is they will trumpet it from the rooftops. If it isn't in yet, there will be silence, which there is. Simple as that.

shot, if that was you recently who posted that if AK needs financial assistance to get this over the line,he should talk to his shareholders, please friggin' well get onto the wordpress site and tell him personally, or ring the company, or get his email address or telephone number! The guy doesn't read these posts, he hasn't got the time. I think this is close now, but he mentions "corporate -and personal - poverty" a couple of times. This means, imo, that it is extremely hard in this economic climate to raise just that remainder needed (as if we didn't know). He is talking to us now, talk to him. QUICKLY!

lol. The grassy knoll theory...that's it. They ought to add that one to charts.com!
I don't think any of the lawsuits against Qtrax have reached court...could be wrong, but that is my understanding. If so, statistically this won't be different, imo...the only issue is the money imo.

I don't buy the 'no problem, there's "understandings" in place and ongoing conversations happening, right hand doesn't know what left hand is doing' blsht. Sounds too much like pre-midem to me. It's more like when you put one table leg back on, another one falls off scenario. The idea is to have them all on at the same time, I believe!!

Don't expect an "answer" to Oracle in any update - litigants don't make statements about legal cases on the internet, unless they're idiots.
There won't be any bad news in any update imo. There never is.
It's always all good - been just like this for eight to nine years now - always just around the corner.
The best indicator in this whole debacle is AK himself - this guy's name is all over the internet associated with this. He is not a young man any more...this, imo, is his last chance to make his fortune (apart from whatever he has made by way of handsome salary in this whole thing). If this falls over, or he gets into deep crap with the law, it is curtains career-wise, not just for Qtrax (which it probably won't anyway, someone will end up with the product), but for him personally, all just my opinion. He knows that, because he is not an idiot.

Why did just about everyone here dismiss the James Samuelson lawsuit as unimportant back in April? But now you're all sweaty about the Oracle one. Both lawsuits claimed the same amount didn't they? Wasn't the Samuelson claim settled way before it got anywhere near a courtroom, just like all the others?
What's so different now?

The problem with this blog now is that very few people posting really know anything. I would say you could count them on two fingers. Good work Darth, keep it up (the information-finding that is.)

I think it's called crisis management.

Possibly.

It sounds to me like it goes beyond licensing fees, but it is hard to say without seeing the details of the case. Seems a tough call to make a copyright case out of not paying invoices. If they stopped the U.S. downloads weeks ago, I'd say that's unrelated to this, more about licensing, labels and finance problems - or "technical problems" bs.
I would think this case would not get near a court room listing until long after the current finance situation is resolved one way or the other. So I wouldn't expect it to be settled before the court day, if that's what they do, until just before the date. There'd be more to it than that, but I think basically that's the timeline.
Whatever, it isn't a great sign that one of their major technical partners is this p*sd off with them. Looks like everyone is losing patience.

no idea, but I see you can subscribe to that legal case site and get more information about the case.

When did they stop?
I doubt it, I think it is about the finance.

Interesting how they came up with $2M.

Not necessarily over, it will either go to court or get settled beforehand. I understand most if not all of these have been settled beforehand. There had better be the money to do it though, if they lose the case or have a liability. He knows that.

It seems from the silence on the issue that finance has not arrived yet. I would say that is the problem. If it does not...it will be an even bigger problem, to say the least.

negative answers are always helpful as well, they tell you what isn't going to happen, at least. To that extent, they are helpful. You are clearly not in contact with other people on this board, so even from you, if there is information which is otherwise corroborated, that too is helpful. It won't be helpful to you though, because you don't have anything to measure it by. If you have evidence you are in a position to do something, if you don't have evidence, you will probably keep talking here and not do anything. Simple. It's the same the world over. What's going to change that will prompt you to do something? I seriously doubt that you will.
Quick question, quick answer, yes or no - do you have evidence of fraud? Yes or no. EVIDENCE, not OPINION.
I will happily consider anything you have to offer in this regard, but I have a professional understanding of the difference between evidence and opinion.

I really don't understand that if you are so adamant or perhaps have evidence that there is fraud and deception, that as a shareholder (if you are) you have not referred this to the authorities - for FOUR YEARS! What the hell are you doing? You think it is going to make any difference posting here? Do something about it rather than talk about it.

Salute. Tell me, I don't get the MV backup bit.

Nice post. Chill chewy. We've heard it before, but this is the first time the AK has given a personal update. I'm not that impressed either with the words, he's a good communicator, we know that otherwise he wouldn't have got this far,and that's why the others have fallen over, but he needs to deliver, as well *he* knows. It's not over til the money's in the bank, we all know. If it's not, he's in deep sh*te. He knows that. We watch and wait, until the 22nd or thereafter. Find out what you can.
Cheers, riverboat gamblers all.

We ain't seen pressure yet.

I hope no one here will be surprised if it doesn't launch, there have been enough warnings given here over the last year or more. Communication has never been corporate strongpoint, finance-raising apparently has. So, if it doesn't launch and/or the finance isn't obtained, I wouldn't be surprised at all if there is no communication about that at all, 22nd July will just come and go and no news. Only a few business days to go.

all the introductory commentary to this blln ihub site, including the copy of the corporate announcement of 16th June, seems to have been removed today. Why? Someone getting nervous?

Thanks, but that's not what I was asking. Interesting about being able to invest directly in Qtrax but possibly never having the company list and you do your money. Wow, great gamble, as if the stock market wasn't hard enough! I would have thought the law would require over a specified number of shareholders that the company list so the shares can be traded. Maybe things are different in the US. I find that hard to believe, but hey, you never know I guess.
It would be a great business wouldn't it? - raising millions of dollars from shareholders, issue share certificates, and then decide not to list the company. Unbelieveable.

8 business days to 22nd July.

I don't give up.

So you think it's bush league understanding to expect that the law doesn't really like companies collecting shareholders, but never list the company? Wow, deep! So when do you sell your Qtrax shares? Did you ever ask that question?

In the third world country that I come from, you're not allowed to simply keep raising private investment by joining shareholders in a company without listing it at some specified point, and you are entitled to your shares before the company is listed, which sounds like it might be a surprise to you. I don't know what happens in first world countries like the U.S. Do you? I doubt it. If you think that is an ignorant consideration, it is a waste of time talking with you. You are the one who will need luck. So, when do you sell your Qtrax shares? LOL.

I think the SEC might have something to say about that.
That's right, you didn't catch the name of any country at all did you. Very observant.

So you think that people are investing directly in Qtrax on the strength of IF it is spun off or publicly offered. Not likely.
It is WHEN, not IF. That's what they would be told, or they would not invest. So WHEN is it? IF at all? (That's rhetorical, I know you don't have a clue.)

Why would you invest directly in Qtrax (rather than BLLN) if there isn't going to be a spin off? How are you supposed to get a return otherwise? This must be thoroughly covered in the terms of investment in Qtrax if it is attracting so much direct investment.
Same question: As a BLLN shareholder (and a Qtrax investor as well apparently)has he received/when will he receive his shareholding in Qtrax?
Very simple question.

If investing direct into Qtrax (if that's what you did) you would or should get a certificate (or something in writing confirming your share entitlement); alternatively,
If you have invested in BLLN, ultimately you should receive a proportionate holding in Qtrax based on a ratio of BLLN shares to Qtrax shares, especially if there is to be a spin off of Qtrax.
As a BLLN shareholder, apparently of some long standing, have you received your proportionate entitlement in Qtrax yet, quite apart from your direct investment in Qtrax?

As well, you say you have been a shareholder in AVDI - you do know, don't you, that there are an unknown number of shareholders in the company called LTDnetwork prior to the reverse merger with AVDI? Do you know if all of those (LTDnetwork) shareholders have received their share certificates in BLLN yet?

One other question - as a Qtrax direct investor, how do you expect that you will get a return on your investment?