I could be wrong, but I think that the company would have to file some kind of bankruptcy first. It happened to me on a stock that was going to issue a new ticker. I kept buying the stock thinking I would get the new shares, but I lost everything.
Sometimes they transfer over, sometimes they don't. It all depends on the decisions made by the company.
In all reality, the best thing for QBID right now would be to start over which would not be good for us.
However, there would have to be some kind of news release first. They couldn't just do it without warning.
People are calling for a buyback, but $35M is too much. They can't even make payroll. What makes anyone think a buyback is going to happen? If it does, it won't be for a long time.
I am extremely pissed (as everyone else is) by the misleading posts that kept me buying. One in particluar about the audit fooled me big time. It said that QBID had minimal debt and should be paid off in a few months or something like that. Since then there hasn't been any info about the audit even though it said it would be released in a few weeks. That was back in Oct 05 I think.
Everything led us to believe that the money was pouring in and the company was thriving. I don't know how FO can sleep at night knowing what he did to his shareholders.
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