>>The funny thing about the BET, they never made a dime. They never posted a profit and they sold for what? 5 billion?!?!<<
>>So it is highly unlikely that we can ever pass an audit. We can pass a financial audit we cannot pass an Edgar audit on the shareholder base.<<
...was it ever really a concern to Q that we could ever possibly get off the pinks...?? what would Q actually need to be absorbed by another company's offer..?? a financial audit..?
Rene: As you know when TMM was purchased we purchased a shell company and we then filled the shell up with assets that we had like the network. Unfortunately for us the shell that we bought was not as clean as it had been represented to us when we bought it. So it is highly unlikely that we can ever pass an audit. We can pass a financial audit we cannot pass an Edgar audit on the shareholder base. So it is very unlikely that we are going to get off the pinks for quite some time. However, that doesn't mean we aren't looking around to go and see maybe some innovative way to get off the pink shees and get onto an exchange but it is too early for me to answer that. besides, there is a lot of work to be done and I don't want to be quoted as saying, "we're going to be off within a certain period of time."
Frank Olsen: The numbers jive. See you have to understand, we consider we'll be worth 5 billion in 5 years, because that's based on sales of other channels. You have to take the Black Entertainment Network. You have to take the Bass Channels. Let's take the Golf Channel. You have the QVC Home Shopping Network, and you take sales of Bravo. All the niche' channels; Sundance. You take all the niche' channels and you see what their average length is. The average length is 3 years and then they're bought out and made offers to buyout. The funny thing about the BET, they never made a dime. They never posted a profit and they sold for what? 5 billion?!?!
