Misinformation
Just for the record, I'd like to point out some misinformation that the company and/or it's unwitting (or possibly witting) proxies are disseminating.
Last Friday someone posted "this weekend should be interesting with plenty of music to share with family and friends." This, of course, did not happen.
The same poster tweeted about 6 weeks ago that the new Qtrax site would launch on Feb. 23. That date, naturally, has come and gone. What you see at the supposed music.qtrax.com is a canard and used as a pumping instrument to make some unsophisticated investors think that something is really happening. Even if you click the Akon advert, it links to the ad network provider. The site is hosted by a completely different hosting service--it all smells very fishy. So much for all of the hardware they supposedly purchased. More misinformation. And no--there is absolutely nothing going on behind the scenes. It's totally amateur hour, as Qtrax has been from its very beginning.
The point is that Klepsy is avoiding making any public statements and instead using surrogates to spread unsubstantiated rumors and thus attempt to manipulate the market. This strategy has proven to be effective with this stock in the past. By avoiding another one of his fame blog rants he dodges possible legal inquiries. He has made this mistake many times in the past by making public claims that were absolutely untrue.
Furthermore advances required by record labels these days run into the multi-millions. Under the best conditions it's difficult to get money today, but anyone with Klepsy's track record is ultimately doomed--as he should be. I talk to industry people all day every day and Klepsy is just not in the game--not a factor--at all. I have done a lot of investigating--know about all of his shenanigans, know many people who have worked with him and people who he has burned and have NOT sued because they know it would be a waste of money--- and will eventually write the real story.
