Here's my take on things. You have to realize that absolutely no one cares about Qtrax outside of this board. Certainly no media to speak of unless they want to call out Klepsy as with the FT. That's just a fact. So in reality everything that Klepsy does is a reaction to what's written on this board, as he and his posse watch it like a hawk. More specifically, he is obsessed with what I write. I am well under his skin and drive him crazy. Why? Because he knows that I'm right. So that is why you see anything at all.
OK. So I heard last week that he was going to or had launched a "private beta" in Australia. Frankly I didn't believe it. But let's assume that the person who made the video did not fake it. Firstly, anyone who suggests that this is a launch is out of his mind. A "private beta" is way different from a launch. And frankly I still don't believe that it is anywhere near what some of you are reporting.
Secondly, my guess is that he may have had a little bit of prepaid credit left with Universal and he's using it to try to send a message that Qtrax is real and is launched. I know that he does not have licenses for all of the majors. Therefore there cannot be a real launch. And particularly in the US, which is absolutely mandatory, no matter what anybody says.
Thirdly, whoever is floating the idea that ipod compatibility is not important is just blowing smoke. Its important everywhere. And no one anywhere wants tethered DRM's tracks. Just not happening. I would have thought that most of you would have figured that out by now.
A service like Spotify has such a head start on the likes of Qtrax that its an absolute joke to think that a DRM'd tethered service could work anywhere in the world. The technology is mundane at best, even that Klepsy seems to have shifted to the web. The client was just crap. So there's nothing new and innovative there. And by the way, what happened to the p2p angle? I told you guys that it was not p2p and that the labels would never let him do what you guys thought would be done. So magically references to p2p and 30 million tracks have disappeared.
My opinion is that this was done to give the impression that Qtrax has launched and to quell the truth tellers on this board and to hype the pumpers up. There's no doubt in my mind that many of the posters here are either insider pumpers or are being easily manipulated. By whom I don't know. But I'm sure I could venture a very good guess.
Ask yourself this: Wouldn't Klepsy be crowing from the rooftops if it had launched? The answer is "yes". Who launches without publicity? The answer is no one. Klepsy never misses a chance to crow. So what does that say? My take is that he doesn't want to draw too much attention. And why would that be? Maybe the likes of creditors and judgment holders are looming. This is speculation, of course. But there has to be a reason for this uncharacteristic behavior.
I maintain that there will be no "launch" with all of the majors--anywhere. (I can see Klepsy saying "What's a launch anyway? It's a launch if we call it a launch") And why? Because realistically there is no way that an investor would put millions into a company just to see it walk out the next day to cover payables and judgments. Impossible. And I don't see Klepsy excluding those payables from any future financing. Just reality. Unless he files for bankruptcy protection, which is a possibility. And that would throw things into a whole new mess.
Sorry, but I stand by my opinion. I have excellent sources and I know how the business works better than anyone on this board. That's a fact whether anyone likes it or not.
