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Re: HansenC post# 253245

Sunday, 05/14/2006 3:48:50 PM

Sunday, May 14, 2006 3:48:50 PM

Post# of 279080
"It all came down to Frank being unable to make payroll and losing a major investor." You got it reversed: Frank lost his investors, and that's why he was unable to make payroll. And you need to understand WHY he lost his investors: he was lying to them. Badly. When he wouldn't prove his claims, they suspected the worst and cut him off. The little feuds among talent and production staff are irrelevant; your boss is who brought this all crashing down.

Some people here are upset that employees didn't blow the whistle from the inside. But they don't understand that you guys weren't involved in the finances of the company. Olsen and Schenk kept all that hidden. I'm sure suspicions were raised when staff were faking the calls and e-mails for Reichen, but we heard those rumors, so that info was getting out. Q employees were played a role in this disaster, but the worst one could say about them is that they didn't create shows compelling enough for their target audience. But I'm not concerned as much with the channel's failure: that is a legitimate aspect of all investment risk. I'm concerned about the fraud. We don't have laws against unwatched channels or bitchy hosts; we have laws against lying to investors.

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