RALPH, YOU ARE 1000% WRONG. $7 ALLTIME HIGH!
RULES THAT NEVER CHANGE:
NO. 1: THE MARKET CAP CAN NOT DETERMINE HOW HIGH A STOCK CAN GO.
NO. 2: THE OUTSTANDING SHARES CAN NOT DETERMINE HOW HIGH A STOCK CAN GO.
IN INITIAL RESPONSE, WE DON'T KNOW FOR CERTAIN THE NUMBER OF OUTSTANDING SHARES QBID WHICH YOU STATE IS 15 BILLION. ADDITIONALLY, ON 07/24/1996 QBID HIT 7.00 PER SHARE WITH 7,800 TRADED ON THAT DAY.
I PUT UP A 1-SIDED BET WHICH MEANS YOU DON'T HAVE TO PUT UP ANY MONEY. YOU HAVE TO PROVE THAT QBID CAN'T HIT .10 OR .50 OR 1.00 OR 6.00 WITH THE CURRENT STOCK POSITION. I PUT UP $1000 CASH WHICH I WILL WESTERN UNION TO YOU ANYWHERE IN THE WORLD. IN ADDITION YOU HAVE TO EXPLAIN HOW ALL THOSE INTERNET COMPANIES AND TECH STOCKS FLEW OFF THE HANDLE FROM 1990-2000 AND WENT UPWARDS OF $300-$800/SHARE WHEN THE O/S AND MARKET CAP COULD NEVER JUSTIFY THAT.
I SEE THIS TIME AND TIME AGAIN AND FOR YOU NEW PEOPLE, THE OUTSTANDING SHARES OR MARKET CAP WHICH IS DETERMINED BY THE SHARE PRICE AND NUMBER OF SHARES CAN NOT, WILL NOT, NOR CAN IT EVER DETERMINE HOW HIGH A STOCK CAN GO. IT IS IMPOSSIBLE AND 1000% WRONG.
THE OUTSTANDING SHARES, FLOAT AND MARKET CAP COME INTO PLAY FOR THE FOLLOWING REASONS:
NO. 1: A BUY OUT.
NO. 2: A UPGRADE FROM SAY PINKS TO NASDAQ.
NO. 3: A REVERSE OR FORWARD SPLIT.
NEITHER OF THE TWO WILL APPLY FOR THE MOST PART UNTIL SAY 2-3 YEARS AFTER BROADCAST WHEN IT BECOMES A MAJOR PLAYER. WE HAVE THE ADDITIONAL GUARANTEE OF A NO-REVERSE SPLIT BY FRANK OLSEN AND THE BOARD OF DIRECTORS AND THE REASON FOR THIS IS BECUASE FRANK OLSEN UNDERSTANDS WHAT A R/S REALLY DOES TO A STOCK.
MOST OF YOU LONGER TERM HOLDERS SAY WANT TO EXIT AT $2 OR LESS NONE OF THIS REALLY APPLIES AND IF IT DOES FOR SOME REASON, YOU WILL HAVE PLENTY OF NOTICE.
A RECENT EXAMPLE OF THIS CRAZY SHARE PRICE WHICH BLOWS THE WHOLE THEORY THAT QBID CAN'T DO SOMETHING IS TASR WHICH IS DOWN FROM $800/SHARE TO $1.60 AND NOW BACK UP TO $124 LAST WEEK AND SETTLED AT ABOUT $77 ON FRIDAY. AGAIN, THIS IS ONE EXAMPLE OF MANY.
Posted by: ralph3
In reply to: U4TSAF2 who wrote msg# 6099 Date:4/24/2004 6:46:21 PM
Post #of 6122
U4 What are you talking about??? We never hit high of $7.00 a share EVER. You say your exit is two dollars. Nice to dream but please that would mean Qbid worth 30 billion dollars!!! And as far as SIRI is concerned yes they are in billions of shares but only 2 billion not 15. If they had 15 their share price would be more along lines of 0.40-0.50 a share. That to me is more realistic high that Qbid may be able to make with momentum of a hard launch and retirement of ALOT of shares. Not trying to ruin your day but reality is with 15 billion shares Qbid will not trade in dollars. Show me a tv station trading in dollars with 15 billion shares? There is none. That said I am holding my shares till launch as I have already made my shares free and put a nice chunk of change in my pocket. I do believe Qbid will go higher with launch just not into dollar range. This message has been brought to you all IMO. Ralph3
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