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Re: None

Friday, 05/12/2006 1:45:03 PM

Friday, May 12, 2006 1:45:03 PM

Post# of 53354
For what it's worth.

Posted by: BruisedPinata
In reply to: None
Date:5/12/2006 10:50:39 AM
Post #of 252943

By KatrinaKiller on RB:
Just got off the phone with Mr.Fan and he said that he will most likely out source the Gay Games through ESPN or another network who does sports shows. Q still retains all rights to the Broadcast rights. I asked Mr. Fan about the Planet out story and he said it was false and no one had talked with him about it. Q will make money from out sourcing the games to the larger Network and in rreturn get to show the gay games on Q and the other network (ESPN ECT...) along with commercial premiums = $$$$$ he said without Q having to pay one cent.

Fan said all of Q's bills have been paid and Q has plenty of inventory to play on the network until Fan can get the money nessary to place employees back on payroll. Many of the Q staff still show up to work everyday to run the network. Fan said it has just taken longer to get through Frank olsen's mess than he thought it would. Everyone Frank Olsen had deals with was not paid and were sueing Q for franks lies. The lawsuits have all been taken care of and now we are trying to turn things around. The Gay Games will make Q alot of operation revenue and if it means Q sits Quite until the Gays Games then that is what it will take.

Fan said he has no intentions of bankruptcy the company. Many think I bought Q from Frank Olsen which is not the case Frank Olsen took Fan and his group of investors for more that 13 million dollars in a stock purchase deal at about .0050 - .0080. Frank Olsen lied to Mr. Fan and Fan hired several investigators who dug up so much DIRT on Olsen, Goldman that Frank Olsen had to turn over his 53% of his shares to Fan. I f frank were to have not given Fan controlling interest in Q Fan would have had enough Dirt on Olsen and Goldman to put them away for a a long time.

Now that Fan has the company he will promote his product line using Q's New Web page and network to make back his 13+ million dollars. Fan said that if he bankruptcy the company he and all his investors who have backed him will lose all they invested. Better to wait it out than lose everything.

Fan was very upset I could tell by the tone in his voice but, very professional at all times on the phone.

Fan ended the conversation by saying it will just take longer than we thought to get Q up and running than we thought it would with the mess olsen had it in. Olsen's plan was to sell as many shares as he could before he bankruptcy the company and turned the shell into and new network The American Indian Channel. Olsen would do the whole scam over and hurt more investors with the new game plan. I will not turn Q back over to Frank Olsen no matter what happens. I will not let other investors as my self and other get hurt again by frank olsen.


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