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What about your Qtrax shares for your BLLN holding? Got that yet?
Have you got a Qtrax share certificate yet?
ok, you are speaking generally. Thanks. I thought there was something specific after 16th June that you knew, that we didn't. Apparently you don't then. No problem. Have a nice day.
So what and when are/were the "public comments over and over about deadlines that he can't meet"? Are you talking about the 16th June corporate announcement, or something after that, or are you just speaking figuratively?
happy independence day from long time blln shareholders:
Last Price (USD) $ 0.025
Change 0
Bid 0.0245
Ask 0.025
Volume 3,846,400
Day's Range 0.024 - 0.027
So, let's see, what did we end up with yesterday, triple the average volume? And no change in price. Wow, holding up really well. You gotta be happy with that. This could really go places.
I don't know how it became about you buying today. But you did! Very good. Congratulations, and thanks.
looks like silence is golden eh. You should know that by now, I would have thought. What, no more buyers?
Have a nice weekend.
So you're not buying now then? Pity.
don't they? ok.
better not to miss out then, eh?
It's either a big success or a big bust. Simple as that. That's why you're all here, there isn't any other game plan. Unless you're a day trader of course, but I would have thought that day traders wouldn't waste their time here, so I guess none of you are that either. Most of you seem to want to sell out when the price gets to five cents or something like that, so I don't know what you'd call that. Speculators, I suppose, like defuser says. Gee, I might do that too, who knows.
Good luck.
There will be hundreds of people who lose big time if this fails...they are not going to be happy campers, but it won't be the end of the story imo. But, imo, you only have a complaint if you are a shareholder. Get it?
I hope this month isn't too late for you.
"Licenses
On or before July 6th, 2009, Qtrax expects to announce new record company & publishing licenses
New round of funding
The Company expects to successfully complete a new round of funding during June, 2009. Details will be made available at the time of completion"
There you go, speculate on that.
I am a very long standing shareholder, longer than you I am sure. I am not here for you, buddy, I am here to find out information, whether I post or not. I will be here for as long as it is useful to me, or as long as this company survives while I am a shareholder.
No, I don't know where AK is, that's why I'm asking, but if he isn't back in the States before 6th July, that is a major problem, imo. As if they're weren't enough.
Well, I do think it's gospel that he's up against the wall.
I think AK sincerely believes what he says himself, but maybe his expectations (and announcements) are overblown and premature.
It is seriously quiet.Does anyone know where AK is right now?
Finance is the problem. No news is not good news.
If you're still worried about whether updates are to be two a month or once every two months, God help you. That is such a non-event in view of the dire situation there is now.
I was told yesterday that blln has dropped so low on the NYSE rankings that broking firms won't accept lodgment of their shares anymore, and all for the want of the company doing simple reporting. God help the Qtrax direct shareholders imo, if that is the case. In view of the "corporate update" saying the company will lodge reports, that indicates that the pressure to put out the update (and do the reports) may have come from Qtrax direct investors imo, rather than it being something that the company initiated by itself.
Whoever said it's gone very quiet, I would be surprised if anyone at all is hearing anything from AK at the moment.
I wonder who'll end up with the Qtrax site.
Yes, they do. Like blln and qtrax shareholders and financiers apparently. They must be crying all the way to the bank.
I think I understand the point you are making, the problem is, do you know that for sure, or are you guessing. Big difference. Thanks for helping. Sorry if that sounds rude, but hey, I think it's a pretty reasonable question.
How about I ask then?
Does anyone here know how much finance they are after?
pm me if you like.
Thanks. That's not being rude, is it?
My "guess" is that the scenario is probably that they've raised say 80% of the finance or they are a little short, but running out of time to get the rest and exhausted the avenues. Hopefully this doesn't fall over for want of a last million or two, is what I am saying.
Of course we're not talking about $50. What do they need five ten, twenty mil? Take your pick.
Yes, mate, I know about banking transfers and processing times. Tell me something I don't know - if you can.
"for all we know"? - that's the problem. How about asking them?
Hopefully it won't be too late.
How about someone actually ask AK what the hell is needed instead of guessing whether it is going to work or not.
I would say he'd love to talk with potential funders.
This one does, right now, imo.
Believe me.
They've said they need the last finance now. The company's long term problems with finance has been known by a lot of posters apparently.
That's obviously where AK is right now imo. He has no backup, it is all or nothing now. IMO.
If this situation continues to drift like this, especially right now, I think we are going to see extreme news one way or the other any minute - it will either be a great success or a drastic failure, and the first we will know about it will be from posts here. Too late then if there's a big problem.
If they haven't announced finance now, I am assuming there is a problem. I can also see that they are really close to success, but probably just can't get that last finance, simply because it has been too long and all avenues have been exhausted.
The question is, I think, what can shareholders and other interested parties do, if anything to help? And fast!
none of this is going to happen apparently from the corporate update, unless finance is obtained. The timeline for that has now passed with no further announcement. Not surprising, but it hasn't happened in any event, and it is critical. They now only have a couple of days left before the next big deadline, 6 July. Very close call now imo.
How much would it cost to keep this site hosted and operating? If the finance isn't there, how long would the site last?
I would think the best thing that could happen right now for the company is for substantial numbers of interested shareholders to stump up the finance they need to finally get to the line and finish this. I think it is that dire now.
My understanding from what has been posted here is that AK travels and continues to travel the world looking for finance. Maybe the answer lies within the States to get this over the line, and it comes from ordinary shareholders.
I'm serious about this.
Do you really think this company is going to get two updates a month out! You've got to be kidding? They are lucky to get two out a decade!
Yes, you're right to be worried about funding imo.
Nah, totally expected.
Expect the unexpected!
kfc.
Thank you, m. I understand, no problem, anytime.
That's a long time, must be a tough deal, as I thought it might. But decisive. One way or the other.
Deadly quiet right now. I think it will be ok though. Maybe.
http://www.techcrunch.com/2008/02/06/record-companies-try-suing-baidu-again/
http://www.globalresearch.ca/index.php?context=va&aid=14116
Read it while you can.
That's great. Not too many more ticks coming yet though.
Does anyone know where AK is? That is important.
As you can see, better than most no doubt, is that it is a good product. The issue is, imo - who is going to end up owning it, and will blln (and Qtrax) shareholders still be there at the end. That's not a laughing matter, at least for us, but it's always been the danger.
Finance finalised in June? a few hours to go, keep your fingers (or whatever else) crossed. LOL.
You seem to like links, here's one, read it while you can:
Less than a day to go! Better hurry.
Have they got the finance yet? LOL.
from the "corporate announcement" diary:
"New round of funding
The Company expects to successfully complete a new round of funding during June, 2009. Details will be made available at the time of completion."
Gee, only one day to go. Who would have thought!
"Licenses
On or before July 6th, 2009, Qtrax expects to announce new record company & publishing licenses."
3 business days to go (not including 3 July). How exciting eh!
"Expansion of Music Catalogue
Qtrax will be more than doubling its vast library of songs on or before July 6th, 2009."
Doesn't look like that's happened yet. Gee, I hope they don't leave it all to do on 6th July, they could run out of time!
I guess there's always the blog(s).
Very quiet isn't it.
I wonder where AK is? Not still travelling I hope.
From the corporate update:
"Brilliant Technologies Corporation (OTC:BLLN) is a technology holding company... Through its wholly-owned subsidiary, LTDnetwork, Inc., the Company owns Qtrax, an innovative P2P file-sharing service."
Take another look - interesting isn't it. LTDnetwork, the subsidiary actually owns Qtrax by the look of that. So if BLLN goes under and LTD doesn't, then LTD still owns Qtrax it seems. Great isn't it. Got any shares in LTDnetwork? LOL.
So I guess LTDnetwork hasn't got any troubles - has it?
It's an Australian company isn't it?
what, did they forget they had a blog already, and announced one again in their global corporate update. Oh, ok, that's alright then! Another slight oversight perhaps.
If this does not deliver in the next few days, I think that the consequences are going to start to flow for them, which could include referral to SEC and other international regulatory agencies, as well possibly as joint class actions at law. Time's up guys.
thanks, m. You're right on. Now or never.
This is the last chance for AK personally too, imo. If he fails with this, at his age, and this sort of track record, it's career over for him I would say, at the very least.
The issue will be the Qtrax product imo.
Yes, and I'm really ps*d about it. I have not chased down the pps though, I just don't trust them.
They might pull this off yet, but this corporate announcement is their last chance, imo. I think someone has made them put it up there, and if they fail to deliver, there it is for all to see, and for the consequences that I think will follow.
The philosophy in companies operating like this, in my experience, is one of denial, on the contrary they see themselves as doing a really superb job, minor details like failed deadlines for a blog aren't even a blip on the corporate radar imo.
They don't necessarily behave or operate in the way in which 'ordinary people' expect.
Expect the unexpected...you can't go wrong and you won't be disappointed. (You don't expect that license deals won't be in place? Why? Because the announcement told you? Try expecting it.)
...the next issue is why would you write you "expect to" have new license agreements by 6th July, if you don't know if you have finance as at 16th June? The affect of "expect to", is for YOU to 'expect', imo.
"expects to" is, imo, code for 'stand by for another missed deadline'.
Don't "expect to" hear, as they promised, any announcement about financing either, if we haven't heard by 30th June, because if we don't, then that only leaves them exactly 3 working days to get that announcement out AND finalise the license deal communications. They just don't operate in those timeframes imo.
You see, I don't get surprised by this stuff any more, I know how to 'read' them, which is a skill I have honed over 9 years watching these guys. You are only just starting to learn now. Good luck. Did you want to retire any time soon, BTW?
imo, AK does not even look at detail like blogs, or even how the qtrax interface works, if it does, or does not. They said they would put up a blog, because that's what people told them they wanted, that's all. It's a 'reaction' to something, it isn't something they been planning for...they gave themselves 14 days to do that and everything else. They NEVER get things done in that sort of timeframe, again, the corporate announcement was probably a 'reaction'.
When dealing with this sort of modus operandi, if you lay something on the line and say "look, I'm tired of this, I want to hear you say you'll get this done by 30th June, or that's it, and what's more I want you to put it in writing", what you will get, imo, is an answer like "sure thing", you'll then get the words and you could even get them in writing. It doesn't mean it is going to happen though.
AK's personal focus would be solely and totally on negotiating finance, not on anything else. I wonder whether he'd remember they said they'd have a blog up by today...last thing in his mind, I would have thought.
That's how it works, imo, that's why you have these outcomes.
"A blog opens on 27th June" - that's specific.
"a blog opens on or before 27th June" - is not specific.
In every place I've worked, deadline is a date, one date, not a moveable 'on or before' feast. When I see 'on or before' I know it isn't serious, and not a likely outcome, and that's exactly what has happened. OK, give them another day and see if we're wrong, but does it matter? The damage is done, it was done on 16th June.