Throw another shrimp on the barbie!
I hate to throw cold water on all of the excitement over the "new" qtrax, but guess what? There's been another lawsuit filed! How could that possibly be since Klepsy is about to launch?
Anyway Klepsy's been sued again, this time in NY Supreme Court by John Fife and Chicago Venture Partners. Index number: 102230-2011. Document have yet to be scanned, but we can almost write the complaint ourselves. I'm sure it's Klepsy borrowed money, didn't repay, made promise after promise, may even have written another bounced check, etc., etc. We all know the story.
This whole relaunch is nothing more than a canard, a red herring, misdirection. If you'll remember, Darth tweeted over a month ago that the "new" qtrax would be launching on Feb 23. Well, it didn't.
I don't know what it would take for many of you to get the picture here. Everything, EVERYTHING, is wrong with Qtrax. What is being disseminated oaths forum by many is nothing but lies and misinformation. If everyone hasn't learned that by now then you deserve to lose every dime you have. Any partially sophisticated investor would see through this. And by the way, am I mistaken or are there crimes that may be in commission with Qtrax? Is intentionally bouncing a check a crime? I guess not.
Look guys. I know more about this stuff than anyone here, whether you want to admit it or not. And this is just not going to happen. Even if he somehow managed to launch something, anything, it would be inferior, outdated, and undercapitalized. The entire model is, as one of his ex-employees recently told me, "so last century". Spotify is launching soon in the US. Google will be launching eventually. Itunes is launching a streaming service. With all of the locker and streaming services consumers don't want or need drm'd music, free or otherwise. The business passed Klepsy by 6 years ago. It's over. You're all being scammed.
