longdriver, that's what I'm thinking as well. On 10/19/07 Gouveia disclosed that because there was "no bid" & that the "$31 million" QBID market cap was an illusion. Gouveia disclosed that the QBID o/s was "worthless". OK then, tell me what legit businessman sells himself a "worthless" public vehicle and then issues 100 MILLION NEW "WORTHLESS" SHARES RIGHT BEFORE THE "WORTHLESS" o/s IS SOLD TO ANOTHER CORP, WHERE HE IS THE CFO, IN CANADA, AND HE AND THE 53% OWNER OF IT PUMP THE "WORTHLESS" O/S WITH LIES ABOUT BOGUS PRODUCTION DEALS????
IMO, this whole Cinemax scam, the 100 million new shares, the R/S, TMM/Cinemax WA going private & Fan selling the QBID public vehicle to a company, where he & gouveia are officer/directors, outside the US is ALL ABOUT GETTING THAT $31 MILLION. Who in their right mind REINSTATES QTN with ALL ITS LIABILITIES????? And, if the QBID public vehicle is "worthless", give it ALL to the COMMON you claim you are trying to create "value" for. Let them trade the new 25 MILLION SERIAL PREFERRED AND LET THEM ASSIGN THE STOCK PREFERENCES AT THEIR DISCRETION!!!
brute - One other thing; the 25MM preferred is probably the key to the $31MM that you have been referring to. The Preferred convert into some ratio of common and that will also contribute to the dilution going forward with CPPC.
