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Alias Born 10/16/2005

Re: None

Thursday, 08/03/2006 5:23:36 PM

Thursday, August 03, 2006 5:23:36 PM

Post# of 279080
Guys, you have to understand that QBID is the stock of a toxic shell. It will never have value again. There are 350 billion shares oustanding and $35 million in unsatisfied debt claims against it. Let's say someone bought the shell at $.0001 per share. That means out of the gate they're $70 million in the hole, and that doesn't include the M&A fee or the legal liabilities attached to the previous ownership.

Meanwhile, a clean shell costs $2-4 million.

Not gonna happen.

As for Fan, he's got to come up with $35 million to satisfy those debts if he wants to do something with the shell. (And he has to deal with any legal liabilities.)

Again: not gonna happen.

Unfortunate, but true.
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