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moving fast now 0.0187
0.0181 X 0.0185
someone wiped out most of the 0.0184 only about 130k left...
0.0185 next, 0.0195 next and then 0.02.
B/A CDEL .0181/ ETRF,NITE,CDEL 0.0184
BID ASK
NITE 0.018 ETRF 0.0184
CDEL 0.018 NITE 0.0184
CANT 0.018 CDEL 0.0184
ASCM 0.0001 ASCM 5.00
Itesprit,
not sure if you rememeber back in Oct. 2004, Frank Olsen made a statetement in an interview that the company is 70%(53% Frank, 17% who?)private and 30% publically traded. He never did specify which company he was referring to QTN or TMM. So, in case of an IPO or any other arrangement, us common shareholders would more than likely get 1/3 or 33% of the new company....In IPOs while the offering price maybe high, the amount of initial shares offered to the public is usually quite low, so we may not get much.
Fire, try the IR number, he is picking up today.
Your math is wrong...$1billion market cap with 44 billion OS = $0.023.
Net, I hope he has not used up the whole AS but we are already at half of that with the ~20bb OS. Whatever you decide to do good luck. I am holding for now, to see what happens. Later.
Net, yep the dilution has to stop at some point. The only true info we have at this time is that the AS is 50bb, so we know the OS is not larger than that. If you use a OS of 50bb with a pps of .001 then you get a market cap of $50mm, they are saying they received a $150 to $200 mm offer which should put the pps at .003 to .004 even if the OS is 50bb. I just wonder if the OS has gotten that big and how are people going to react if that is the case.
Net, if I was you I would wait till after the call to buy in. Let's see if they reveal the true OS atleast. If it is larger than the 19.5 bb, the pps could drop further, if not we are still ok.
If you are going to delete messages then check out rational reaper messages also.
Fire ..YES
Agree. That maybe something they are planning on right now. If you think about if he goes to these people and offers them a good price on the secondary market they might take him up on it. I imagine these shares were given to them at .0001 so I wonder if a .001 ($6 million) or .0015($9 million) offer is made they may take him up on it. IMO
Island, LOL..main objective is that the OS can be reduced with some creativity and still keep Frank the major shareholder and prevent a R/S and help us get on a major stock exchange.
Island, that's where the private investors step in I guess.
Rich, he does not have to have 53% to remain the majority shareholder, he could have 33% and still be the largest shareholder. IMO
Fire and Perm,
I mentioned something about this on the RB forum but most people were so upset that the pps did not move after that PR about the 53% preferred shares and no one responded.
One important thing about preferred shares is that the company/CEO/holders can retire those shares on the secondary market. In other words, if Frank decides that he wants to retire a certain percentage of his preferred stock, he does not have to do it on the regular market, in pre-set blocks, etc.
I believe this was the first step of a strategy move to retire more shares without giving the MMs an opportunity to manipulate the pps while the retirement is executed.
This move will have a longer impact on our eventual move to a higher stock exchange. I do expect a similar move with the 6bb restricted shares held as a collateral. If those shares are changed to preferred then they can be reired/bought back or whatever the company decides to do on the secondary market without allowing the MMs to manipulate QBID's pps while these transactions are going on.
This is a long-term strategy to reduce the OS to levels that would be acceptable by most major stock exchanges.
Fire, your example of a 1:10 ratio maybe a little too high but I can certainly see Frank doing a 1:2 ratio and retire half of his shares in the future. In this way us shareholders will not have to face a R/S and still reduce the OS effectively.
IMO
Frank has done his part, now all of us investors need to do ours, if you haven't already LOCK YOUR SHARES, call your broker and request your shares not to be loaned out (shorted) and set GTC orders!!!!! Don't let your shares be the one used to manipulate the stock!
MB, the statement was made in a public interview, it was either wallstreet reporter or CEOcast.com late last year, October or November 2004. Frank has confused the hell out of all of us so I really do not know if he was referring to TMM or QTN but he certainly made the statement and it sure looked like he was talking about TMM.
MB, looks like we are in for a heavy battle. Maybe the private investors can step in a buy some more shares, maybe Frank can get some of the MMs on his side. Afterall, they couldn't be all against him, there has to be some that would work with him on this. Awhile back Frank had mentioned that the company was 70% private and 30% public....which leads to a conclusion that Franks owns 50% while the private investors own 20%.....this could allow the private investors to come in and up their % and possibly take Q private which is what you were referring to last weekend. I just wanted to see some price appreciation before such a move but I am starting to think that the MMs have put Frank in a corner and he has limited choices of what he could do to get fair value.
Important Info: Just called Ameritrade and explained to the rep that the company I have shares in issued a PR that the stock is being heavily shorted. I asked her how could that be possible when pink sheet stocks can not be shorted? She said it is possible, she said that she could put a note in my account that I will not allow my shares to be shorted. I asked her to do that. So, this to me is another confirmation that the MMs are shorting this stock whoever has Ameritrade needs to call and ask them to not allow their shares to be shorted. I am not sure about the other brokers and what their policies are.
MB, thanks for the clarification.
MB, I like many of your posts..I just do not like the idea of a private sale of QTN at this stage of the game. I understand the difference between stakeholders and shareholders quite well and can tell you that if such a sale occurs the stakeholders will get most of the proceeds while the shareholders will not get much. I would rather see the stakeholders receive some sort of payments based on the profitability of the company just as any preferred shareholders do and let the company grow to it's fullest potential before a sale occurs.
BTW what is your take on the 6bb shares? Are they in the hands of the private investors are they preferred or common restricted? What is your opinion on that?
Skunks, if QTN gets sold privately before any pps appreciation of QBID, as you mentioned possibly by a listing on OTCBB, reduced OS numbers, or more carriers could show pps appreciation...but if Frank sells before any of these happen, us common shareholders will be screwed badly.
MB, I am with NSS on this. That post of yours sure created a lot of doubt in mind..while Q the company may have benefited from the private investors, us common shareholders have not benefited at all as the pps has dropped down consistently for over 1.5 years, I wonder how you came up with that idea but if it comes to be true it will act just like a R/S and I do not like it..................................
MB, a couple of thoughts to ponder on. For one the private investors could be paid with a % of the future profits the company makes, if they hold preferred shares they will receive a sort of a dividend payments based on prearranged % agreed from both parties when the money was received.
Secondly, the distribution of the proceeds of such sale as you propose are going to be done in some kind of a ratio, so us shareholders may receive a cash dividend based on the amount of shares we own...
Taking QTN private would do wonders for the private investors but I wonder if it would do a great deal for the common investors. I still say there are 4bb shares in the float, the proposed sale would have to be for at least that pps for us to get a $1:1share ratio for our shares..it would seam that it would be sold for 1bb and then we would get $1:4shares ratio.
Is that what you are suggesting?
Orafup add 200k + from Adelphia
MB, in regards to your earlier post about the move to another exchange and the possible short squeeze it might create..do you think that a move to another exchange, OTCBB in particular could happen soon? TIA
Froy, did you get Rich to comment on the high volume action in the three previous trading days.....also anything on the audit. TIA
MB...lol we all have had this happen one time or another. Still long and strong on Q, way too much exposure, ads, comercials on RCN. Frank will not dissapoint the G/L community and the investors in Q. IMO
MB, in your opinion do you think it is just as simple as you explained as far as paying taxes in another state and having a liscence there or is Q planning on changing symbols, merging or getting bought out if they let the liscence expire. TIA
MB, Duke thanks for your responses. Later
Duke and MB, wonder what some of the "innovative" ways to pass Edgar, move off the pinks that Rene was talking about were.....spin off of QTN, merge TMM into the clean shell QTN...just thinking outloud..any responses are appreciated.
Duke, thanks for clarifying. Glad to see him jailed. Robg I have on iggy so not sure if he is still around.
Duke..lol.wondered what happened to him
Duke have you seen "Ocean" post lately?
MB, I agree a 100% ....some of this has been confirmed by Frank himself when I talked to him about a week ago, he said the audit is ongoing and will be complete in July and the results will be posted. I have also talked to Rich about this issue and he has always stated that there is an audit going on, so I do not have worries there. Good luck to all of us that still believe in Frank, I believe his team will deliver relatively soon.
MB, good post. I doubt most here realize there are several parts to an audit and that while Q has passed some parts, some are still some being worked on...what is your feeling on the audit, do you think one is being done and will be complete soon or you think otherwise? TIA
Hi, Net! Nice to hear from you, keeping my fingers crossed for a speedy pps recovery in the coming weeks...lolol