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

[whizknock]

**One more time!**

Frank will sell QBID!

He's even told us when he plans to do this!

http://www.qtelevision.com/site/investorinfo.asp

In a letter to shareholders posted on the Q website Frank tells us,,,

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"We are the official broadcaster of the Gay Games, as well as a major sponsor. As I look at the budget for the next 18 months, I believe that, because of that decision, Q Television is going to be profitable faster than most cable stations. The norm for most cable stations is they are not profitable within their first 3-5 years. However, when they start the turnaround, the profits are unbelievable."

***AND THEN IN THE SAME PARAGRAPH HE STARTS TALKING ABOUT SELLING A STATION***

"When an independent station is sold, the rewards are enormous. Here are several examples of stations that were sold for billions of dollars: American Movie Channel, Bravo and other Black entertainment channels."

ALL THAT TALK ABOUT SELLING THEN TRIGGERS HIS TRAIN OF THOUGHT WHICH BRINGS HIM BACK TO WHAT I VEIW AS POSSIBLE TIMING,,,

"This brings me back to the main point. The Gay Games will enable Q Television to be in 150 of the top markets in the United States, and it will be broadcast in 40 countries. It has enabled Q Television to make long term commitments to the countries that are carrying the Gay Games, and help us to negotiate the cable operator contracts. As I reflect further, I believe that Q Television will be profitable by the end of the 2nd quarter of 2006."
http://www.qtelevision.com/site/investorinfo.asp
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I for one don't see profitablity by 2006. But who cares? I was on SIRI when they converted equity to debt & took their os up to 1.3 billion shares & they STILL HAVEN'T REPORTED A PROFIT. The only mistake I made was not holding a core position. I got in at .40 & sold well over a buck for a fat profit & knew I should have held a core. Believe me! I will not repeat that mistake here!

My guess is Frank will sell sometime before or right after the cames. Exposure will be big & the big boys will see the potential. Viacom will not be the only one interested & we could even see bidding which will be at a premium on future projected earnings.

But again I don't see profits until maybe late 2007 or even 2008 unless I get surprised by huge subscription numbers. With that in mind I still see 3 billion range for buy out. The bidders will argue that we're worth about 2.5 at best near term. Even though Frank will know that their mere presence at the negotiating table means they know it's worth alot more in the forseeable future, Frank will take their offer.