Hi everyone. I've been incredibly busy at work and haven't been able to post.
I just wanted to pipe in and say that the main focus at Qtrax right now is getting the downloads DONE! At the moment, having the UMG library fully available for download is the SINGLE MOST IMPORTANT thing that Qtrax can do. The other labels are on-board, just not going to release their songs until UMG is fired up. I understand that this is a "self-imposed" limitation by Brilliant. Getting 25 million songs re-encoded and uploaded is a massive task, and they are doing it a chunk at a time.
You may ask "If they were going to release all these songs at Midem, shouldn't all this work already be done?" The answer is that they had to start all over again. This is due to the change in the encoding of the DRM. Every song must be reprocessed and it's underway right now for UMG.
Also, as I mentioned before, there is a good reason that all the languages are now available on the website. Stay tuned...
Hey Shot, why'd you get banned?!!! Wha happen?
And forget the daytrading activity on this stock. I mentioned before that I expected the price to drift lower with a lack of news as we await UMG. This trend may contunie. However, if you are long, like I am, this is simply part of the risk and the wait we must endure to achieve our future goals. Hopefully nobody has used their baby's food money to invest in this (or any other!) stock. This is not gambling. It's business, and we've got to take the bad with the good.
By all means, I am still VERY long this stock and most definitely KTF!
May not be able to post again for a while, work's crazy right now. But I am still here!
Hey Shot - why'd you get banned?!!! Wha' haappen?
AI
