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Re: schneider post# 24476

Friday, 07/02/2010 7:11:33 PM

Friday, July 02, 2010 7:11:33 PM

Post# of 27745
That's the One!

Thanks Schneider. I just returned home and was going to go through the exercise of simply re typing this article. What everyone can now understand is "press proven" downloading is indeed taking place, instead of relying on our friends in the various countries telling us. I believed them, but many here doubted our veracity. The countries we have reported are downloading - only not validated by some "higher" authority from the press. That should start coming quickly as the International press wakes up to the fact that Qtrax is in business in Asia.

Most important is the endorsement by Universal management. Shows a contract must be in place and that their library is available for free downloading with Qtrax. "Hey Mikey - they like it!" What better validation of the Qtrax concept do we want? I emphasize that the major music producers would never sign multi-year contracts if they didn't believe in the concept - plain and simple.

Without a doubt what they need now is more money and the next level of downloading for portability. That I am told is coming soon as well.

Anyone following the markets for the last year realizes just how volatile all stocks have been and the huge aversion to risk by most investors. This has had a direct effect on the larger funding amounts that Qtrax wants before a full World launch. Fortunately their bankers are funding the product development and operating expenses or they really would have been in trouble.

We all are tired of waiting but at least they are slowly moving in the right direction and we anxiously await more developing news. Enjoy your long weekend, be careful, it's dangerous out there.
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