Firstly, Klepsy has absolutely no credibility to bash.
Secondly, it's nearly impossible for this thing to get going. The factual reasons are numerous.
Thirdly, I don't know what you've been reading, but Spotify is an ad-supported service with a subscription option. The model is was beyond anything Qtrax has come up with, and unlike Qtrax, has launched and has experienced a reasonable amount of success.
Fourthly, there is little to nothing to defend any longer. Qtrax is DOA. There is absolutely no way this will EVER happen. If it hasn't launched by now, it never will. That's just plain fact.
Furthermore, does any shareholder or poster on this board know who is on the Board of Directors? Or even if there is one? Not talking about that phony baloney advisory board--a complete joke, by the way. They have no influence on the operations of the company at all. Who is looking over Klepsy's shoulder? Who can replace the CEO? Don't any of these questions EVER occur to some of you?
Don't you realize that you have not seen an SEC filing for 3 years now and have not heard a peep from the CEO since Christmas Eve when he made firm promises that were quickly broken? Don't you realize that he never answered the Oracle lawsuit and the plaintiff is now moving for default judgment? And this is after he told shareholders and the world that the Oracle "tiff" would be rectified in a week or two (that was last July, I believe).
Doesn't it bother you that no one can reach Klepsy or even get an answer at the Qtrax world headquarters? Have you even bothered to try reaching him on his cell phone? Doesn't it bother you that the only information you seem to get is either rumor or second hand at best? Don't you ever question you sources about the validity of their supposed "info"? Don't you realize that there are literally millions of $$ of outstanding judgments against BLLN, Qtrax and Klepsy personally? How can he even have a US bank account without it being attached? Doesn't it ever occur to you that Klepsy isn't even in the US and probably hasn't been for months? It appears as though he may have fled the country. And have you heard anything about an existing real estate lawsuit surrounding the "world headquarters"? Is is possible that the world headquarters are being foreclosed or attached?
Does any of this ever cross your mind? And if so, what exactly makes you think that Klepsy can pull anything off? It defies logic and just bogles the mind.
