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So because you lost your money, you want to ensure the rest of us do??
It would be a long, costly process, and all it would do would lose us more money and ensure a total loss....
It's still not too late for this to turn around completely, if Frank makes the correct decisions.
Hiring a new CEO and Frank taking a different position in the company would help tremendously.
No one is gonna sue. Any responsible attorney would look at what has occurred and recommend that nothing be done.
Nothing outright illegal done, no payoff if you win.
And if it was tried, it would be costly, take a long time, and probably destroy any chance of Q making it, thereby causing all shareholders to lose their investments.
The network is growing, we can reasonably assume subscriptions are increasing. At some point in time, that should turn the pps around, probably within the next year.
We need to keep pressure Frank, though, to keep us informed.. We can't letup.
I think the difference beween a scam and doing whatever it takes to make the network a success is big enough so that it won't detract viewers or even new stockholders from watching Q and buying stock. .
Especially if the pps goes up as carriage and subscriptions increase.
A bootstrap Pink startup is generally understood to be highly risky and unstable.
However, if Frank or anyone else tries to ditch the long term stockholders and leave them holding the bag, then that is a different story. (Absolutely no evidence of that yet.)
I would expect lawsuits and a boycott of Q and anything connected with Frank if that occurs.
He raised the A/S , not the O/S. Increasing the A/S simply gives him the ability to raise the O/S, if he needs to for something... Good or bad? depends on the item.. and he hasn't said that he is going to issue that stock yet.
He said that he'd inform us if he raised the O/S.
We need to see the audit to see if he kept his word or not.
We need to wait. Frank has done nothing illegal.The network is growing, so there still is a good possibility that we will make good money on this before the end of next year.
If lawsuits start, especially frivolous ones, that eat up scarce resources of time and money at QTN, then the chance of the shareholders making money goes down alot further. A lawsuit will not get us anything positve.
That does not mean we can't increase the pressure on Frank to release the audit and keep shareholders more up to date.
Q got a brief mention on CNN--part of a quick highlight of GLBT stars and programming, maybe 3 seconds or so. Noticed it this weekend--not sure how many times it played--Logo was mentioned, too--not sure if Here! was, though.
Read further:
Dear Shareholders:
Q Television Network, being a subsidiary of Triangle Multi Media, completed its audit on Friday, October 28, 2005. The audit is currently going through its certification process and will be available for viewing within the coming weeks.
I would like to take a moment to highlight the important points of this audit:
Q Television will show its total asset base
Q Television will show its debt *** roughly 30% less than expected
Specific asset percentages, breakdowns and splits of Q Television Network and /or its parent, Triangle Multi Media
Still not clear, but it impliees data from TMM, not just QTN.
Major and minor carriers are starting to carry QTN.
Since the major carriers do extensive DD of their own before they will carry a network, they expect QTN to be in business for at least several years.
Otherwise they wouldn't expose themselves to the cost of a failing network and the financial loss to the carriers that would occur.
QTN is in its very early growth stages.
We have some decent carriage now--but it will take time to get people subscribed.
DISH said they would soon--I sent then some follow up mail...
I have DISH now--in Seattle, so I hope they follow through
No, I really don't think there is any scam here--he has a good network here that is growing nicely.
Unfortunately, toxic financing along with poor communication skills has gotten lots of mistrust.
Really nothing unusual for a startup--that's why it's high risk/high gain...
We have some nice new carriage deals, and I think DISH will be announced soon.
Then I think we will see the audit.
First reporting won't help us much since we won't see any recent subscription numbers.
By March we should be seeing decent subscription numbers...
It all takes time.
TWC and COX would not be rolling out unless they saw a long term value in carrying QTN.
Good question. And what 'certification process'??
I'm betting Frank is buying time until some other announcement is ready, so he can announce all at once.
Frank is betting that there will be enough cashflow from subscriptions and advertising to fix the pps --lots of cash will allow many options.
So we need carriage --DISH would be good. Probably waiting for a major carriage announcement before releasing the audit...
Read the whole thing...the last part implies it covers TMM.
Wouldn't make any sense otherwise.
The big holdup was the share count from the dirty shell, which would not be covered if the audit was only of QTN.
Frank needs a professional writer/editor to do any official release for PRs and the Website. His communication skills are terrible.
A/S is 50 billion, which is max the O/S could go...
My guess is that it remains around 44 billion with the float around 20 billion..
I am hoping the audit shows enough assets to justify at least .005 pps, even if you count 50 billion as the max O/S (and it most probably is less than that).
Wonder what happened to DISH? In an email to me, they said they were in negotiations with QTN and would have something in the 'near future'. That was 4 or 5 weeks ago..
I just sent them another a few minutes ago.
Every should connect to
http://www.dishnetwork.com/content/aboutus/contact_us/index.asp
and request QTN.....
Tell them you'll switch to whatever carrier gets it first in your area...
That's the big question we are waiting to have answered...
We'll know when the audit is released.
Frank said it was not based in Seattle any more--that address is really old. He mentioned it recently either in the CC or Open House.
The way to do it is politely, not in their faces demanding that they give out info that they may not be able to for legal reasons. That is what Frank is against.
Not that I'm saying you aren't polite, but others in the past weren't.
And Frank's stress levels should concern all of us. As far as QTN/TMM is concerned, Frank is God.
I rather have a rested, rational, reasonable God, than a pissed off, wornout irrational one.
I don't have my life's savings in this, but I do have a decent size chunk of money invested, and I want to do anything to help it succeed..
Yeah, take the chicken thats supposed to lay the golden eggs, insult it, beat it up, then bitch it's not dropping the eggs fast enough.
Increasing Frank's stress ain't gonna improve anything and could easily make it worse.
Give it time, or take your losses and disappear if you can't handle this level of investment.
BTW--not directed mainly at you Sput--but to others...
At least wait till the audit is released.
And you can do DD on QTN without getting in the faces of companies that Q is doing business with. Calling up, saying you are a Q investor, and demanding answers, is what Frank and any CEO would want to avoid at all costs since it encourages companies to NOT do business with you, and ultimately hurts the pps.
QTN is a "totally owned subsidiary of TMM"
That would constitute 100% ownership.
Specific asset percentages, breakdowns and splits of Q Television Network and /or its parent, Triangle Multi Media
Quote from the Investor relations page. The audit covers everything.
QTN by itself has no share structure.
Read carefully yourself. TMM is mentioned.
Frank's communication skills are very poor.
Since it was released on the QTN Website, he called it a QTN audit, and said it included TMM and all its assets.
A QTN audit would be trivial, contain no stock information and would take very little time to complete, definitely not the six months plus that the legal firm has been working on it.
None of us own QTN stock, we own TMM stock. There is no public QTN stock that I know of. And TMM completely owns QTN.
Sput the audit has to be for TMM and all it's assets.
TMM had stock problems from the dirty shell/reverse merger.
QTN didn't even exist then.
Any audit for QTN alone would be trivial and take little time.
Go away JT.
We may not like the pps or Frank's poor communication with stockholders, but he's done nothing illegal.
It's clear everything he's done is to make the company successful.
We hope the pps will recover over time--and , this is a long term investment.
Making false accusations can get you booted, as karzoid found out.
Not really. I don't think they really knew what it was going to take to get a company created from a reverse merger to a reporting status.
On top of that, they were incredibly busy getting the network going, which took priority.
They didn't get serious until they hired the law firm in Feb to do the audit. And six or seven months isn't really out of line to finish it, depending how dirty it was.
The Website announcement was poorly worded.
The audit they are doing is the TMM audit, which includes QTN.
Doesn't make any sense otherwise. The problem with the shares and the dirty shell that has been holding everything up is strictly a TMM issue.
Don't analyse Frank's words too closely--leads to insanity. He is not a good communicator.
OT: Wow, Avant browser makes FireFox look like a toy.
And it has more features than IE and FF.
OK, I have installed it, now to use it for awhile.....
Thanks for recommending it.
I use Firefox and IE, each has it's own limitations and bugs.
I had Firefox as default for several months, but switched back to IE, because FF sucks for calling forms and other programs to run off of Websites, which I do alot for work.
But Firefox is best for just plain browsing on the Internet.
OT:Have you run chkdsk /f and then a defragger?
That's the first two steps.
After that, then I would be worried about a virus or adware of some type...
Executive Software's Diskeeper is one of the best defraggers out there, much better than the crippled one that ships in XP.
The 'Q' Quest': SU alumni hosts morning show on gay, lesbian startup cable network
Thursday, November 03, 2005
By William LaRue
Staff writer
tudying at Syracuse University in the early 1990s, Scott Withers didn't have any dreams of running a TV channel appealing to gay and lesbian viewers.
Withers says he was totally set on being a broadcast journalist. Besides, he was still "extremely in the closet" back then about his homosexuality.
"At the time, I was all about hard news, daily news, local broadcast news. . . . And if you asked me then if I thought I'd be running a gay cable network, I would have thought you insane," Withers says.
Right now, though, he says everything about Q fits him to a T.
He's not only executive vice president of Q Television Network, a subscription channel for the gay, lesbian, bisexual and transgendered (GLBT) community. He's also co-host of its live daily show, "Brunch." The program is televised noon to 1:30 p.m. weekdays.
Q, which also features documentaries, news, sports and other programming, premiered Oct. 1 in Central and Northern New York on Time Warner Cable's Channel 380. A subscription is $7.95 a month.
After graduation in 1995 from SU's S.I. Newhouse School of Public Communications, the Michigan-born Withers worked for several years at CNN. He then became a TV reporter in Tennessee before being hired as an executive for a public relations company. He quit to go to work at Q in October 2004.
Withers is planning to return to Syracuse for a public appearance Nov. 12 at Rain nightclub in Syracuse in an event co-sponsored by Time Warner and Q.
In a telephone interview from his Los Angeles office, Withers spoke about his time as a closeted gay student at SU, his show on Q, and his excitement about the fledgling network.
Q. Did you know you were gay when you were at SU?
Q. Did you know you were gay when you were at SU?
A. Absolutely. I was totally self-conscious of my sexuality at the time. I was not "out,"
because in the early 1990s, while the gay and lesbian community was gaining momentum and gaining visibility, it was still not as widely open as it is today.
It was funny that all of my friends at the time were also closeted. We hung out all the time together, but we didn't know (each other was gay). We never talked about it to each other. We all came out to each other after graduation.
Q. Does the network say what "Q" in Q Television Network stands for?
A. We don't say Queer Television, but it stands for "queer," which represents the GLBT community. . . . I don't want to say we're taking back the term, but we have absolutely no problem with it. We're all proud to be queer.
Q. What is your morning show like?
A. I host that with Honey Labrador, who was on "Queer Eye for the Straight Girl." She's been a runway supermodel for decades. The show airs live from Hollywood at 9 a.m., or on the East Coast (from noon to 1:30 p.m.) That's why we came up with the creative title "Brunch."
Q. How is "Brunch" different from other morning shows?
A. It's an unscripted sitcom. We don't bring our guests out and sit them in a chair next to us and have the normal interview. Our set is two apartments. She lives in one apartment. I live across the hall. We're friends, but we don't always agree and get along.
Q. Are all your guests celebrities?
A. We have a mixture. We have people on representing various charities or different groups. We have lawyers come on talking about same-sex domestic issues and personal finance, which is completely different for our community than the heterosexual community because of different laws in different states.
Q. What about other shows on Q?
A. Our big focus is on live shows every single day - live, live, live television. Our nighttime block kicks off (at 7 p.m.) with "QTN WorldNews," which is a half-hour live news program all about GLBT news. Then we have (at 7:30 p.m.) "On Q Live," which is our nightly variety show.
Then we cap off our night (at 9 p.m.) with "Queer Edge." Our host is Jack E. Jett. . . . One of his guests was a rock band made up of people of smaller stature. Then he's also had male strippers on pogo sticks. So his show is a lot of fun and way, way out there.
Q. What is the difference between you and Logo (another gay cable channel, which hasn't yet been added locally by Time Warner Cable)?
A. They're great . . . But because they (Logo) are on basic digital cable, anybody can tune it in. So they have to be very careful with their programming, about what they say, the topics they cover. They have to hedge the programming because they might be in homes where parents may not be as open to the gay and lesbian community.
On the other hand, we're a premium cable service. People subscribe to us. So we push the envelope.
I want to make it really clear: We don't do porn. But we can push the edge of a topic. We can talk in frank terms about sexually transmitted diseases. We can talk about violence in the (gay) community. We can take it to the next two or three levels in the content.
First of all pps has nothing to do with carriers and carriage, or with the ability of QTN to broadcast.
Second, we have no current subscription numbers --you have no idea what they are since TW Maine came online, never mind the rest of RCN and new TW in NY.
I've worked at several different companies, small, medium, and large ones.
You could always tell when something was going on, even if you didn't know the details.
Especially if it was bad, like layoffs, budget cuts, cancelling projects, etc.
Rumor mill would be going like crazy.
I would expect the staff at Q are most probably intelligent, talented, and sensitive people, so they would notice more than most.
Yeah, I heard that.
I would like to know why, but most companies will never say really why --legally they can't.
One person I'm not worried about, a larger number would concern me. You can always email me at rick_hantz@hotmail.com since I don't have a paid acct here...
Filled today finally--didn't all day yesterday.
Still a good gamble for small amounts of cash...
And I plan on holding the majority of my shares through next summer.
Don't think I will lose any money, just not sure how much I will gain.
As long a QTN keeps broadcasting, carriage increases, and the Games go on, I'm not too worried.
Just wish Frank would hire someone to manage the business side and stay away from it himself. It's gotten too big for him to manage.
Key item to watch for is if Q staff or on-air personalities are quitting.
If not, then we a probably OK in the long run, since they should have a close pulse on what's really going on. Even if they don't know details, they would be able to feel/notice if there were any major problems...
If they start leaving, then it's time to bail.
They don't care about the stock per se, but they would care if something very unethical happened that deliberately screwed investors while others profited. Big difference there. There would definitely be articles in all the GLBT publications about it.
Doesn't matter if he sells it or not, if investors don't get treated properly, QTN will won't survive to be worth anything.
I think Frank has no intention of scamming anyone. He wants to make the network successful.
He has said that it is a long term goal for the pps to go up to where it should be.
How successful would QTN be if every GLBT publication carried articles about a QTN scam, and all carriers were written? No way would Frank take that chance. No onscreen personalities would want to be linked, either.
If QTN goes out of business, then no issue, just bad risk on a Pink sheet.
But if QTN goes on to be successful by scamming the investors, then there will be a big outcry.
GLBT community has put up with too much crap over the years to put up with it from one of their own....
That's why I think Frank is not out to screw the investors. He is trying to make this work.
The highest risk investment can lose or win the most. ( Except for Worldcom, MCI etc)
I agree. GLBT community would disown QTN and Frank if he pulled a scam like that.
No way. QTN would be boycotted.
I'm sure all of us would help get the word out.
GLBT community is very activist, as Frank is well aware of.
Real question is, how many employees/staff have left?
I know of Josh Fountain, any others?
If lots are leaving, then it's the end. If not, then it's probably going to be ok in the long run.
No way could you work there and not know if things feel ok or not unless you have your head totally buried in the sand.