**Someone says**
"Could Q buy another shell that is an OTCBB, and dump the old one? That sounds like it could be a very "innovative" way to move to the OTCBB's."
And Penny says!
Penny-Trader
Member
Member Rated:
posted May 29, 2005 17:45
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i think they are going to clean up the one they have, that is why they spent the money to get the auditors in and help clean things up. Its like a credit rating, if you do certain things and if enough time and money is available you can clean anything.
I'm not worried about it too much, That was 7 months ago that Rene has stated those words, I'm sure they have been working out the bugs for some time on this one. lets face it. until they are up and running with the backing then needed and i believe they now have, they needed to be on the pinks, I'm sure that the whole time they have been dumping and buying shares on this thing to get by, that is why they are on the pinks, they have no rules they have to follow and do what they have to survive.
But now they are at a point where it is more advantageous for them to get off the pinks. they will not be looked at seriously by the big carriers, until they can prove they are a viable company that is not going to close doors on them and run after 2 months of operation.
so until they get off the pinks they are not going to be able to prove this to the carriers.
at the very least they have to start reporting so that thier business plan can bee seen and they can be judged by the carriers.
it costs a carrier a lot of money to set up a channel for carriage, and they want to make sure they can recoup their costs of doing so. a couple months and then the company goes under serves them nothing but headaches, and lost revenue.
I truly believe that we will be off the pinks very very soon.
the fact that the buyback is going on is big evidence to me that they are in a hurry to get it done.
the wording in the pr about the buy back was that they are going to "begin immediately an aggressive buyback of our shares" is evident in the aftermarket sales we have been seeing over the last month, and Fridays display showed us a very aggressive buyback.
they are close to 1.5 billion bought back already is my feeling and they are almost done this round. I stated at the beginning of this that with the money they have and the price they are buying back at, that i felt the buyback would take till may 31 and that they would buyback roughly 1.44 billion. It appears that we have hit that number and have gone beyond. Which would indicate that they have some more money that they have thrown at this effort.
at the end of the day after all is said and done, this company is setting itself up for a major success in my honest opinion.
We have seen more forward movement in this company since January 1 st this year then we have in the 6 years prior to that. this it the final push to success, they are just now breaking the crest of the hill, the struggle is almost over and the momentum is going to pick up just on the other side of that crest. I believe we are beyond the point where Frank can screw this up now.
As my buddy Whiz always said, "All we ever had to do was launch" now it is a matter of time, and i believe that most of the time has gone by now.
Frank is not about to fail on this. He is going to succeed or die trying. I myself am confident enough in him to give him the room to do his job. After all this is not his first start-up network but it is mine. I feel he knows what he is doing and he is impressing a lot of brass in the decision making seats of the big carriers. He has the content, he has the right people, he has the right timing, and most of all he has an understanding of what the GLBT community wants as he and his team are part of that community.
OK this is getting way to long winded now i'm going to end this here lol
Rod
