Brilliant Technologies Corp. (fka BLLN)

[grovertdog]

Lucky-

I do not make things up, unlike many of the faithful or worse, the manipulators.

However, your question IS a valid one, and I had to scratch my head trying to remember where I heard that tidbit.

Turns out I owe the board an apology- I misspoke, using Robin's name when I meant Jay Berman. Jay was the one who reportedly had to smooth things between AK and the labels. In any case, I regret my error. Here is my source:

"

Every time something happens with Qtrax, Jay has to get on the phone and calm everybody (at the labels) down," said the music exec.

"Qtrax hasn't instilled a sense of confidence that they can actually make something of what they have," the exec continued. "The only reason the (recording) companies have given content to them is because of Jay. If Jay didn't get on the phone, Qtrax wouldn't have its deals."
What the exec is referring to, specifically, are things like Qtrax's history of failing to pay vendors. Oracle filed suit against the company earlier this year and several companies have won judgments in New York courts against Qtrax. The latest came two weeks ago when Monarch Capital Fund won an award of $133,000 against the company.
According to court documents, Qtrax agreed in March to pay off a $200,000 debt in installments. Monarch told the court that after paying $70,000, Qtrax stopped making payments in May.

For those who wish the view the whole article:
http://news.cnet.com/8301-31001_3-10395016-261.html

Note to the Ostriches: Ignore the part in the article that says:

For Qtrax, this is only the latest installment in a year-long run of embarrassing misfires, lawsuits, unpaid bills and broken promises."Qtrax is an absolute disaster," said one music industry executive who asked to remain anonymous. "It's an embarrassment."

I'm sure what the author MEANT was:"QTRAX is going to be huge--AK and the dream team will change the way the world listens to music!"

In other news, it seems that BLLN has lost all of that recent price appreciation and is once again trading sub-penny. Given how important the recent price movement was to some regular posters, I can only conclude that this means BLLN is actually toast. After all, you can't have it both ways. If you get excited about upward movement on pitiful volume, then you must be devastated with downward tracks on pitiful volume. Anything other interpretation would be, of course, totally hypocritical.