When you get used to how they word things, you can almost predict what is going to happen and what is not.
I really think that they operate on a "tell them what they want to hear" basis, they say the words, give dates that don't seem to be seriously planned for, then aren't organised enough to follow through in any event. It is classic crisis management stuff.

As well as that, as Darth suggests, AK is continually travelling around the world with other priorities on his mind than things like the blog. Look at AK himself, he has been under this sort of pressure for many years now, he can't really get out of it, he is not a young man, and this whole thing is in crisis management mode, with external circumstances not under the company's control at all. That's got to do something to his focus long-term. They "react" to circumstances, they don't, and can't apparently, "plan" for; deal with the problem only when it becomes a problem sort of philosophy. Companies that have this sort of culture don't succeed long-term imo. This could be the exception, but I think that crunch time is right now actually.

Many people here assume I think that this company is a traditionally tightly-run ship, with directives being conveyed in orderly fashion from the head of a big shiny boardroom table to an attentive group of captains flanking either side. That might be so, but I very much doubt it. I think most of this business must be run by text messages and mobile phone calls.
I am almost certain they will not get the blog up today, nor tomorrow, or the next day. They said "on or before 27th", and they said that on 16th June. "on or before" is the giveaway, when you see that, you know it is vague, so probably not going to happen. As well, missing the "before" part is the major part of the deadline. If they haven't got it done before 27th, they won't get it done on 27th either imo. Besides, it's the weekend. Forget about it. It is the first missed deadline in the current batch, that's all.

"Why put that date out there if you can't meet it?"
They haven't done things any other way for nearly 9 years now. What's with the big surprise?

Old news, May news.

Yeah?i'll try to keepyou posted.
morecho, pm me if you like. Borderline stuff now imo. They have to put up or go down, imo, you know.
If they can't get a blog up at least, they deserve everything they gonna get.
Where is AK now? Hmm?

what, 2.5c? You desperado! Germans are cool, they know how to deal with adversity! Americans just get pissy about it.

Are you GoQ? You sound closer to the action than he was.
Where would you go beyond "pissing off" AK?

We already know the answer as to why, if the 22 July launch doesn't happen.
The announcement said they "expect to" get licensing deals and financing finalised early in July. If they don't do that, like before Midem, there won't be a launch. If they do, they should be able to launch.
We still haven't heard, as they announced they would say, whether funding has been secured.

Thanks. Got it.
KTF.

Keep reading the updates fellas. Good luck to you. LOL.

are you going to post a link to it, or we can go find it ourselves. Has anything changed in it, or is it a secret.

No doubt,luckyblur.
The number of comments about it on this site suggests that there are a good proportion of posters who haven't read it all the way through, or more than once, then they are worried because it isn't on the company's site anymore.
Heaven forbid they should miss seeing it on the ihub site too.
Good work whoever put it on here, pity more people don't read it carefully enough.
I have my own opinion about where the company stands at the moment, and I don't think there is more that can be said for a few days yet, certainly at least until 27th June when they are supposed to have the Qtrax Blog up. (Now, considering they apparently pulled the announcement from prominence, you think they are going to have a nice blog up and running in a couple of days time, for you guys to get on there blast the c*rp out them? Now that's not very likely I would have thought. So my guess is there isn't going to be a blog before next week, or soon, or whatever. Let's see who's right eh.
Sorry if that's not what you want to hear, but it might be right anyway.
Just hope that we hear they have secured their finance, like they promised to announce (before they pulled the announcement that is.)

*they* pulled the deadlines, not me, buddy. In any other corporate situation of this sort of tightwire act, to pull an announcement like that is a major p.r. stuff-up. That's how the vast majority of people anywhere in the world would see something like that. Buddy, just because you have shares in this, take off the rose-coloured glasses. Smart guy.

If it is any help, I still think they will go ahead at this stage, but with delays. But then again, you don't think I know what I'm talking about, so that won't make you any happier, I guess. You'll just have to wait and see and keep reading the posts here to find out what the hell is going on. Won't you.

It may not necessarily be a big problem - apart from the PR damage (but hey, have they ever worried about that too much before?). I would say they've had a catch-up between themselves and decided they're not going to be able to meet those over-optimistic deadlines and pulled the announcement. We'll probably see an amended one saying "coming soon" as an interim measure. I mean, they're promising a Qtrax Blog, as useless as that is going to be, on or before 27th June. Oh really! Not any more it looks like, if they've pulled the announcement of that.

It seems entirely consistent to me with this company, that if they had a problem with meeting something like the Qtrax Blog, yes, they'd pull the entire announcement. Yep, that's what they'd do, very typical, imo, and to be expected in corporate "crisis management mode".

Well what's your take on it, smartguy. If they pull a corporate announcement of that import, you think that's fine do you. If that's your depth of analysis, I don't think I'd want to have you as a financial adviser. Get real.

Listen, buddy, there's a number of people who read this site who do know what they're talking about and what is going on, and they think I do know what I'm talking about - you're just not one of them. It doesn't really matter.

Pulling a corporate update which contains deadlines for releases, etc, is a good way of destroying credibility - again. I'd bet it's because they are anticipating some problems with the deadlines - like I have said before, someone must have got a bit over-excited at head office to think they would be able to pull off all of that within 14 days from 16th June. What utter cr*p, considering their track record.
They are already behind schedule only 8 days after making that "announcement". Same as usual - tell them what they want to hear, deal with the consequences (or don't) later. Solution? - pull the announcement of course.

Luckily, the announcement is placed on this forum site at the BLLN intro, so it is on record. Copy it, I suggest, so you can hold these guys to it, if it comes to that. http://investorshub.advfn.com/boards/board.aspx?board_id=7318

yep...*if* they get the funding. They said they'll tell us as soon as they've done that, by the end of June. 2009. I just hope they don't just get told what they want to hear.
I would be feeling a whole lot better if he was back in the States at this stage - what with only 7 days to go until the end of the month. Is he back yet?

It doesn't mean they haven't expired either, does it? They haven't clarified that, so I am assuming that the simplest answer is the correct one. It think that's called Occam's Razor.
What is that statement designed to make you think? I suggest it is designed to make you think that everything is fine, all contracts with labels will be finalised (apparently Warner is not yet, because their music is reported by people here, including yourself, I think, that it is not available on the site yet). The statement is around what we want to hear, so I think that is what they are saying, pure and simple.

Who would really know, TC? All I really know, is that I can read, and put two and two together - and get four!
I think this is the last call for success with this on the basis of having all labels on board. If not, it launches without one or more of them.
It seems to me to be a funding issue, getting increasingly tight, that's why it is taking more and more time, but in the meantime, licensing agreements are apparently expiring...same old story. This is it now, imo, sink or swim. Imo, if there is no announcement by the end of June (As they promised in the announcement, germboy, read it)I think there is a major problem.

"Last I heard he was bouncing in and out if Europe and China where he is right now" - well it must be important then, obviously, that's WTF it means; and why do you think that might be important then, hmmm? Do some back reading and DD, then you could actually put that together with the corporate announcement on 16th June - all public knowledge.

You better read it again...they say they will announce at the completion of the funding arrangements. The impression being given there quite clearly is that they will announce the achievement of funding arrangements as soon as they are achieved.

i.e.
If they want to do this:

a.
"Licenses
On or before July 6th, 2009, Qtrax expects to announce new record company & publishing licenses."

they apparently have to do this:

b.
"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."

On my reading of that, if you don't hear about funding by the end of June, you likely won't hear about licences on 6th July, and you won't hear about launch on 22nd July.

Very clear.
This is it guys, sink or swim, imo.

Thank you, m. Well, that's half way there, it seems, and it is good news. At least he seems to be on the move - whatever that might signify.
I think it could be a case of standby for big news - good or bad.
PS - I can't email you, I don't have a sub - I'm trying to save up for another two million blln shares!

From the announcement on June 16:

"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."

This is what we want to hear, and it is important, *and* the "details" haven't been announced yet. If AK is back in the States right now, I would stand by for imminent news about the success or otherwise of funding. If it isn't successful, I personally wouldn't really expect to hear anything.
If he isn't back in the States yet, what would that tell you...

So, on June 16, they say they expect - by the end of the month - as in 14 days note, including weekends - to nail down finance and make an announcement about "details". All in less than 14 days...yeah, right, as if they have a track record doing those sorts of things in that sort of timeframe.

Let's stay positive though...they still have 7 days to go (including the weekend). LOL.

"Qtrax Blog
On or before June 27th, 2009 Qtrax will inaugurate a blog. With regular contributors & occasional executive postings, the blog will deal with Qtrax developments as well as reflections on the industry and anything else that grabs the Qtrax team's attention. It will be lively, irreverent and forceful when appropriate."

This is also what a lot of people want to hear, but it is a red herring in my view, and unimportant. Just more of the same.

If there is no announcement about funding, which is apparently for the Warner licence, by the end of June, then I would have serious doubts about the credibility of the July 22 "launch".

Gee I'd hate to live in airports for the rest of my life.

crappie had secondhand information, and not always the full bottle either, imo, but enough to be half-right some of the time. I have no idea who crappie was or is, and I don't swap emails.

Think thin ice, imo. If it was omitted from the corporate update, why would you think that the launch does not depend on funding?
Your concern is spot on, imo. We should be used to shocks in this matter after all this time - don't change that, imo.

We should at least be conditioned to be told what we want to hear; if we haven't heard something we want to hear, I would have thought that's a problem.

If we haven't heard the Warner music is onsite yet, and apparently it is not, and we haven't heard that funding is secured, then that is the situation, imo.

the state of funding, not just for June. He travels to negotiate finance, doesn't he, you've said that before, I seem to recall? If he is back now, does that tell us anything? I doubt whether much further significant funding would be available in the U.S. right now, given the circumstances, etc.
Does anyone here know where he is right now?

A lot depends on where he is, in case you didn't know. The announcement made on 16th June isn't the last announcement that needs to be made between then and the July "launch", imo.

It's the last roll of the dice, I'd say. Have they dealt the hand yet, or just talking about it? Where is AK now, that will give some idea, imo.
No licence fees, no uploads imo. Simple as that.

The announcement is just that, an announcement, don't get too overheated. They've announced things like this before, when they say they "expect" distribution in six countries...that's the sort of thing they said before Midem as I recall, nearly 18 months ago, and a set of full license fees.
I'll believe it when I see it, not just hear the same stuff I've been hearing for eight years.

don't think they get off that easily.

there are too many already, spotify, virgin, etc, etc. These organisations don't seem to have finance hangups.
I give this another week...if not, July...then it is done, one way or the other. Credibility is low, finance will be a problem...you should know that. Don't you?

These Qtrax b*stds better get their ass in gear...
http://www.dailyrecord.co.uk/news/business-news/2009/06/16/virgin-to-launch-legal-music-download-service-in-bid-to-crack-down-on-music-file-sharers-86908-21444769/

might need another week or two imo. Hopefully not another year...or two.

2 many shrooms.

why? don't, just listen. It's the quiet before the...

OMG! I would not want to be in this guy's shoes for all the tea in China.

well, it just may be only swine flu. Be reasonable.
On the other hand, there does appear to be a glitch - Yet again. Thanks for your posts by the way, it does seem to cross reference, even hour by hour apparently.
I think it's crunch time, I really do.

If that's correct that AK is currently in Singapore, it is late evening there right now, so don't expect any big news U.S. time. Maybe in another twelve hours, whatever AK has up his sleeve, he might pull out of a hat! Hopefully it won't be dead rat. Probably wound't matter much here, the audience would most likely think it is a wonderful achievement.

the SEC has enormous power, if you get crunched by them, you know about it.

most of it was taken from this Board,I thought, and I got the feeling the author could be someone on this Board, but hey, does it matter? ...except for the research that the guy has done on the lawsuits, he seems to have a better understanding of that than anyone here is prepared to admit. Yes, investmeintelligence is from Singapore imo from previous posts.

Contrary to what some of the free marketeers here think, non-reporting "status" on the pink sheets, does NOT give carte blanche to doing whatever you damn-well please...well, you can try, but there could be some pretty severe consequences if you get it wrong. Sooner or later, as the saying goes around here apparently.