Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[whizknock]

*Some good news & some bad news!*

Do not buy or sell on anything I write!

Having said that,,,,

Consider this!

The bad news first!

Lets take a look at what some would see as worst case scenario. Lets say we see a published audit with 20 or even 25 billion shares out there. I for one am almost sure that's a very high guess. But for the sake of argument lets say it's 25 billion.

Buy next year the games get coverage, we don't even show a profit yet but revenues will have spiked from the games & a modest 100,000 subscriptions which will be growing at a respectable pace. If that holds up QBID will have already surpassed the value of BET when it was sold. Say Frank lets this thing go at 3 billion dollars.

Three billion dollars makes 25 billion shares worth .12 a share!

What if the audit is really bad, 50 billion shares? You're still looking at SIX CENTS A SHARE! I can't speak for anyone else here but if I'm getting paid SIXTY THOUSAND DOLLARS for every two grand I plunk down today I won't cry for any more than a minute.

Now for the good news!

Lets say the audit shows 10 billion shares outstanding (which I still believe is a high estimate) & everything else I said still holds up. First thing I can tell you, if that's the case, frank will not be letting this go for three billion. But say he does. Now we're looking at a FLAT VALUE OF THIRTYTRHEE CENTS A SHARE!

I'm not done!

The reason Frank is having a professional audit done is to provide suitors with a clean bill of health for QBID. Moving to another exchange will be a fringe benefit that will make the product shine a little more.

Remember the PR about reducing its Tradable Stock by Fifty-Three Percent?

http://biz.yahoo.com/bw/050802/25508.html?.v=1

"We converted QBID shares into preferred stock, eliminating fifty-three percent of the tradable outstanding shares. We are confident this will strengthen the demand for our stock, and dry up the supply of trading shares that we feel are being manipulated in the market," said Olsen. "Converting our common stock into preferred stock will allow us to retain voting rights, but will also squeeze out the large short position in the stock. Q Television will continue to be as aggressive as possible, and do everything necessary to ensure our shareholders are treated fairly."
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This isn't about manipulation! Frank doesn't give a $h!t about MMs. Well maybe a little bit but this was about polishing the product.

Frank's not trying to take 53% of three billion dollars. His major concern was absolute control over his company. Frank will be more than happy with a couple hundred million bucks. Again, this was another move not to scare off potential suiters. Hold that thought!

Personally I like Frank having complete control. Let's just pretend that that Frank, you know, the same Frank that has already sold a profitable media enterprise to Sumner Redstone. Lets just pretend he really wants this thing to be sold & actually kept the share count at or around 4 billion outstanding or less & lets pretend we're even close to actually reporting a profit by the end of the second quarter of 2006.

He will sell! He will sell while he has the attention of major players! And it will not be for three billion dollars! Now you're looking at a bare minimum of 5 billion dollars Maybe as much as 7 billion. If QBID actually showing a profit & we're getting international attention in 40 countries you could even make an argument for,,,,use your imagination!!!!

The hell with it! I'll stay with 5 billion dollars. Factor in Frank's 53% controlling interest which has now been reduced to a handfull of super voting shares & we're starting to see the big picture.

FIVE BILLION DOLLARS & FOUR BILLION SHARES!

This will not come as a huge surprise to me because Genuine Broadcasting National TV Networks do not trade for less than a dollar a share.

I've said it many times. I will not begin to liquidate my core position until I see $1.25 a share!

From my very humble vantage point,,,

"All we ever had to do is launch!"

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whizknock