Gentlemen
I once again feel like popping up and showing myself. I have been watching and reading this board for many months and I must confess that I find it endlessly amusing.
First of all, I am always astounded by how you guys start guessing about things and then convincing yourselves that they are true. This whole Baidu thing, for instance. Absolutely no way Baidu will go near Qtrax. Think about it. Qtrax has bounced $2 million checks to Qracle and untold others, has numerous default judgments against them around the country (and that's the one's we know about!), has not filed reports (as promised in the famed June corporate update) with the SEC, has not followed through on ANY of the promises made in said corporate update (and, in fact, the report conveniently vanished from the web site. And also let me remind you that this report, though not a formal press release, was still a public statement and therefore falls under the SEC regulations governing forward looking statements.
All of the bounced checks, false launches, and money judgments aside, everyone fails to recognize that Qtrax has never made a dime in revenues, and that's over 7 years! And how about the endless string of broken promises? And did you ever ask yourselves why there's no content available anymore on Qtrax? It's because the labels have not been paid.
Furthermore, the fantasy that Qtrax is negotiating a settlement with the record labels on behalf of Baidu is just that--sheer fantasy. Qtrax does not have anywhere near that kind of clout with the labels and Baidu certainly doesn't need their help with anything.
And by the way, gentlemen, Oct 1-8 is a national holiday in China and very few people are working, so there goes your other fantasy about a Qtrax/Baidu partnership being announced next week.
It appears to me that only a couple of you, Chewbaka most notably, seem to have any clue. Qtrax will never fly because no one will invest in a company that has as many judgments and lawsuits (and another thing: bouncing a $2 million check cannot be attributed to a rounding error. One knows what one is doing when one writes a check like that and any responsible businessman would make sure he had the funds to cover it). Full stop. At least no legitimate investor.
And I'd like t address another one of you: luckybleu. Mr. Bleu has been banned from several blogs. He was trying to cause problems on my blog and not only did I ban him, but interestingly some code in my site actually shoed me where he lives on Google Maps (with street view -)). He represents the worst elements of your board and of anonymous forums in general. But I do thank him and accept with great pride the honor of him naming an award after me. Gee, I now know how Irving Thalberg might have felt.
Congratulations to Chewbaka and his colleagues for trying their best to help the rest of you get a dose of reality. He's obviously trying to warn you guys so you won't lose your money.
And let's not forget that AK (I just love that you refer to him that way---he is sort of like Jesus---hey AK!!) reads everything on this board and feeds you exactly what you want to hear.
Goodnight gentlemen. Sweet dreams.
