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Deal Or No Deal, WaMu Edition
http://blogs.wsj.com/bankruptcy/2010/03/16/deal-or-no-deal-wamu-edition/
Why would you be reading either board yourself smart ass or is it that you are a gardener now, doooooh insert foot in mouth now
just bought in 550k shares at .0002, not much of a loss if it goes nowhere. may pyct catch the eye of some giant.
thanks for the response ken EOM
Kensley you seem to be informed on this company, can you shed some light on some questions.
Do you know of any debt or info on this, are there other assets and what the current o/s is? do you know of a phone number or email address to contact IR. You mentioned a launch date being the 17th of july, that has come and now gone. Are you just throwin bs around and pumping this b/c you are too far into it?
why its so weak now I dont know, but shaz is the same reason I followed this too, waiting to see if it reaches its former highs once again.
Is anyone aware of the debt this co has, are there other assets and what the current o/s is? does anyone know of a phone number or email address to contact IR. I have been on the sidelines for quite sometime now and see no reason to buy yet, if google wanted this, I believe they would have taken this, especially being how established pyct is. they must have there reasons, any thoughts? Also, I have been hearing of this "LAUNCH" for over a year now, many on this board appear to know the date as well but then it comes and goes. I think before a launch wouldnt we see an audit of just more info on this co.?
what a disaster this turned into
question to anyone
why does volume continue to increase being that QTN is over? I assume these are buys since we are unable to sell. what is this .001, what is goin on. thanks
why is vol increasing being this is over, who would be buying
Olsen is
just as guilty for this
"The former corporate titans are now felons facing years in prison after being convicted of running an elaborate fraud that gave the company a glamorous illusion of success".
Lay, Skilling Convicted of Conspiracy to Commit Securities and Wire Fraud in Enron Collapse
HOUSTON (AP) -- Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling were convicted Thursday of conspiracy to commit securities and wire fraud in one of the biggest business scandals in U.S. history.
The verdict put the blame for the 2001 demise of the high-profile energy trader, once the nation's seventh-largest company, squarely on its top two executives. It came in the sixth day of deliberations following a trial that lasted nearly four months.
Lay was also convicted of bank fraud and making false statements to banks in a separate trial non-jury trial before U.S. District Judge Sim Lake related to Lay's personal banking.
Lay was convicted on all six counts against him in the trial with Skilling. Skilling was convicted on 19 of the 28 counts against him, including one count of insider trading, and acquitted on the remaining nine.
"Obviously, I'm disappointed," Skilling told reporters outside the courthouse. "But that's the way the system works."
Skilling's lawyer, Dan Petrocelli, said the verdict "doesn't change our view of what happened at Enron ... or Jeffrey Skilling's innocence."
Lay did not come outside the courthouse to speak with reporters immediately after the verdict.
Lake told jurors, "you have reflected on this evidence for the last few days and reached a very thorough verdict, and I thank you."
He set sentencing for Sept. 11.
Lake set a $5 million bond for Lay and ordered him to surrender his passport before he leaves the courthouse. The judge said the bond already in place for Skilling was sufficient. The judge said he did not believe home confinement was necessary for either.
The former corporate titans are now felons facing years in prison after being convicted of running an elaborate fraud that gave the company a glamorous illusion of success.
Jurors declared through their verdict that both men repeatedly lied to cover a vast web of unsustainable accounting tricks and failing ventures that shoved Enron into bankruptcy protection in December 2001.
The conviction was a major win for the government, serving almost as a bookend in an era that has seen prosecutors win convictions against executives from WorldCom Inc. to Adelphia Communications Corp. and homemaking maven Martha Stewart. The public outrage over the series of corporate scandals led Congress to pass the Sarbanes-Oxley act, designed to make company executives more accountable
The panel rejected Skilling's insistence that no fraud occurred at Enron other than a few executives skimming millions from secret scams behind his and Lay's backs, and a lethal combination of bad press and poor market confidence sank the company.
Both men testified in their own defense. Skilling is expected to appeal.
The government's victory caps a 4 1/2 year investigation that nabbed 16 guilty pleas from ex-Enron executives, including former Chief Financial Officer Andrew Fastow and former Chief Accounting Officer Richard Causey.
All are awaiting sentencing later this year except for two who either finished or are serving prison terms.
Many deemed the outcome of the Lay-Skilling case a final exam of sorts of the federal government's ability to prove complicated corporate skullduggery.
Enron's implosion and the subsequent scandals vexed Wall Street, sent skittish investors fleeing, increased regulatory scrutiny over publicly traded companies and prompted Congress to stiffen white collar penalties.
Former WorldCom head Bernard Ebbers awaits a 25-year prison term for orchestrating the $11 billion accounting fraud that bankrupted the company. Stewart did five months in prison and more time confined to work and home for lying about a stock sale. Adelphia Communications Inc. founder John Rigas and his son got double-digit prison terms for looting their company.
HealthSouth Corp. founder Richard Scrushy bucked the trend with his acquittal last year of fraud charges despite five former finance chiefs pointing the finger at him in a $2.7 billion scheme to inflate earnings. He dropped in on the Lay-Skilling case during Fastow's lengthy testimony in March, saying the ex-CFO couldn't be believed.
But those cases were much simpler than that against Lay and Skilling.
The government's vast investigation seemed to stall until Fastow pleaded guilty in January 2004 to two counts of conspiracy and paved the way for prosecutors to secure indictments against his bosses. Fastow also led investigators to Causey, who was bound for trial alongside Lay and Skilling until he broke ranks with their unified defense and pleaded guilty to securities fraud just weeks before the trial began.
What is the difference between the 100s box and the king size box, both are 14.99
http://smokes-spirits.com/Productdetails.aspx/product/7847/store/0/category/0/searchstring/WELLSTONE...
http://smokes-spirits.com/Productdetails.aspx/product/7846/store/0/category/0/searchstring/WELLSTONE...
being that there is no bid, what allows the volume to increase if one cannot sell, I dont think there are any buyers, so why wouldnt the volume just sit. im sure there is a very simple answer to this but I cant figure out why. thanks.
Online retailers for Wellstone?
Anyone know of any carrying this line yet? how can one purchase poroducts if living in a non approved state? thanks.
Is it just coincidence that there are 3 shopping networks and QTN on VDC. Being that Lloyd's successes included renowned companies like Sharper Image, Brookstone, Restoration Hardware, IKEA, Targets Stores, Wal-Mart, JC Penny, QVC, LL Bean, and Coleman. Why isnt this released or on QTN site? Does Lloyd have any sort of affilitation with VDC, any thoughts?
uwlungman
What price are the shares being sold at
If not Fan, who would be buying that much
Very much agree itesprit, and how does his former financial backers feel now that they see this as well as family memebers of his, im sure they were all in the dark along with us.
"Olsen should be less worried about 'his' company and more worried about his legal defense. He's a fool; we'll see if he's foolish enough to think he can take Q back. How would he ever face shareholders"?
NEWS that some may not have read
Friday, March 24, 2006
TRIANGLE MULTI-MEDIA LIMITED INC. RELEASES Q TELEVISION NETWORK FINANCIAL STATEMENTS
TRIANGLE MULTI-MEDIA LIMITED INC. RELEASES Q TELEVISION NETWORK FINANCIAL STATEMENTS
BURBANK, CA - March 23, 2006 - Triangle Multi-Media Limited Inc. (See OTCBB Other: QBID) has announced today the release of financial statements for its wholly owned subsidiary, Q Television Network, Inc. (QTN). The information which will be available on the Network's website (here) covers all activities since QTN's inception through December 31, 2005. This highly anticipated release comes on the heels of the new CEO Lloyd Fan assuming total control of Triangle Multi-Media and QTN.
"We have a commitment to our shareholders to provide them with as much fundamental data as possible, and the QTN statement was long overdue," said Lloyd Fan, CEO of Triangle Multi-Media and the Q Television Network. "In the two weeks that I have been in control, I have spent the majority of my time devoted to the financial records in order to provide the shareholder base the information it has been demanding. We are also currently working on the Triangle Multi-Media financial statement and hope to release that to the public very soon."
Fan has also confirmed that previous executive management has resigned all of its fiduciary and executive interest in Triangle and QTN, as well as its 53% majority ownership of QBID.
About Q Television Network:
Q Television Network is a 100% wholly owned subsidiary of Triangle Multi Media. This 24/7, premium television network is organized to create, develop and feature television programming for the gay and lesbian community, including live & interactive content every weeknight, plus sports, information and entertainment. While the company expects much of its subscriber base to be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public.
The company's programming is available on a subscription basis to those desiring to subscribe. The monthly fee varies by region of the country. The network is telecast 24 hours per day, 7 days per week and features a variety of live and original programming. Q Television is available on such blue chip cable systems as Time Warner, Cox communications and RCN, among others, with availability approaching 3 million digital cable households in the U.S. Q Television Network is the official network of Gay Games(r) VII. The network is also ad-supported. For further information on programming and subscriptions, please visit www.qtelevision.com.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the television network's ability to execute its business model and strategic plans; and the risks described from time to time in the company's Securities and Exchange Commission filings.
Well I searched and there are questions similar but not what I am asking, peprhaps you are bitter over the reaction you are getting. Yes many on this board are that way, but I was interested in what you had to say.
HansenC
I believe at one time you may have said that it was Frank's plan to have Fan replace him. If true, what is the reason for this especially if you say that Fan has no funding and employees continue to go unpaid? Why then did Frank step down in your opinion? How is Fan and Frank connected? Specifically name who you feel should be in Fan's and Hinnant's position. Do you feel Frank did not release the audit b/c the true worth of the company and assets were far below his stated worth? Why have you not spoken out against Frank for being too vague about your stock since you say you are invested in this as well. Do you know of Karzoid Fistula who posts on raging bull 24/7, was she a former employee as well? thanks for answering
hansen why did u skip over my questions
HansenC
I believe at one time you may have said that it was Frank's plan to have Fan replace him. If true, what is the reason for this especially if you say that Fan has no funding and employees continue to go unpaid? Why then did Frank step down in your opinion? How is Fan and Frank connected? Specifically name who you feel should be in Fan's and Hinnant's position. Do you feel Frank did not release the audit b/c the true worth of the company and assets were far below his stated worth? Why have you not spoken out against Frank for being too vague about your stock since you say you are invested in this as well. Do you know of Karzoid Fistula who posts on raging bull 24/7, was she a former employee as well? thanks for answering
good work semper eom
5/5/05 Frank states the audit is soon to be completed in this audio clip ready for the otcbb. This is the first time I heard this clip and just irritating to hear. if u havent heard it, its free to sign up
http://www.wallst.net/audio/audio.asp?symbol=QBID&id=1109
I dont understand why Fan has not released news at this time, or news that there will be news. I'll even take news that there will be news that there will be news. thank you Fan
I hope we see some very thorough, solid news this week
can anyone explain
why the products are not available for sale on wlsf site? is this due to non approved states and if so why cant a disclaimer be placed on the site, stating: (cannot be purchased by those in non approved states), similar to firearms, fireworks etc.
Sput, im saying that it is apparent to those on staff that past info was vague and from their statement below would you not agree that they realize that?
We fully understand the need to supply our current and future investors with the proper resources to make intelligent investment decisions concerning our security. We are working hard to become transparent, we intend to keep our shareholder base involved and up to date with any specific changes that will directly affect our security.
Yes, it shows just how obvious things have been not only to shareholders but to those on staff whether they expressed this to FO or not, that they are now able to address the lack of transparency among other issues.
im not sure what time this was released but for those who did not see:
Investor Information
3/13/2006 - CEO UPDATE
Letter from the CEO of TMM/QTN
March 13, 2006
To Our Shareholders:
I am pleased to announce that many important changes are beginning to take shape both within our holding company of Triangle Multimedia and our wholly owned subsidiary, QTelevision Network. I will be assigning seats for our board of directors and personally will be interviewing qualified individuals for our executive team. We will be diligent in our search and will not set a specific time frame as to the completion of these important matters because our mission is to seat qualified people within the media, financial and operational fields very carefully. We feel our company is positioned to prosper in the GLBT marketplace and making these changes is the first step.
Our ultimate goal is to become a publicly traded company that holds both the respect of our shareholder base and the financial marketplace in whole. We fully understand the need to supply our current and future investors with the proper resources to make intelligent investment decisions concerning our security. We are working hard to become transparent, thus enabling the investment community to track our growth. These tasks are not without their difficulties, and we intend to keep our shareholder base involved and up to date with any specific changes that will directly affect our security. We feel strongly in our attempt to successfully compete within our market sector and in turn add much needed value to our stock.
Our existing team of employees has endured quite a bit and I must applaud the resilience our staff has shown. They believe, as I do, that this company has a bright future and with hard work, honesty and the loyal support of our investor base, we can continue to be a company we are proud of.
I will be supplying our investor relations team with information shortly and any questions that can publicly be answered will be done through Richard Brown.
We appreciate your continued patience and confidence.
Sincerely,
Lloyd Fan
ltesprit, perhaps you have the same first name as the person frank meant to call, depening on how you are listed in frank's cell. maybe you will be get additional calls soon.
This PR is far too vague, how much power is given to flloyd and can he over rule frank esp if frank tries to raise a/s another 100 bil. frank will allow lloyd to do the reverse split then assume full ceo after lloyd is out and blame it all on him.ha
At this point it appears shareholders are not in his best interest, which makes one wonder if he feels no different about his staff. Do those on staff, say Carol, Rich or even Renee or Officers have power to vote him out or have any control to bring in professional help into the matter before Q gets to the point of no return. Can they go over FO head or is he 100% in control. I wonder if they offer Frank advice or suggestions or does he just shoo them away. what is your feeling on this. thanks
thanks Itesprit
for the info, but do you believe Rich saying he never did see the audit, wouldnt you think that he would have seen it? is that odd that only carol hinnant saw it other than FO and probably those close to him?
vol 509,645,706 OT Fiber optics are hot again today
Itesprit,
do you know if Richard has ever seen the audit, or has commented on anything relating to it,or any specifics he may have mentioned to you.
206,653,706
I am unable to locate any info or contacts relating to this co. Does anyone have IR's email? Or know the O/S count? Is the service available to all countries internationally?. Very vague PR and co. as well, not very good if they are looking for investors. jmho