Monday, August 22, 2005 3:34:14 PM
Wood - QBID is still having PPS problems, but as you said, they had about 8 or 9 press releases so far this month, one even could satisfy some of our loyal following (If issued by GZFX - see BOLD sentence at end):
QBID Hires a Team to Investigate Stock Manipulation
PALM SPRINGS, Calif., Aug 04, 2005 (BUSINESS WIRE) -- Q Television Network
(OTCBB Other: QBID), the first 24/7 premium network for the gay and lesbian
community, announced today that the company has hired a team of investigators in
an effort to uncover any inappropriate trading activity.
"I am extremely frustrated with the current value of our shares," said Frank
Olsen, President, CEO and Founder of Q Television Network. "As you know, we are
currently in an audit to become a fully reporting company. With all the positive
news the network has had I am deeply concerned that the stock has not increased
in value, and this investigation has become my number one concern."
Q Television is taking aggressive steps to stop any inappropriate selling of
QBID. The network wants to uncover any unrecorded shareholders and disclose all
market makers. Q will look into where the market makers are getting their stock,
and will, to the best of its ability, start an investigation to flush out any
inappropriate sales, thus ensuring that every share is purchased and paid for
before it is resold on the market.
"Once the internal investigation is over we will be able to give our
shareholders an accurate final share count of QBID. We will be able to determine
how many legal shares exist in the market place, and any inappropriate trading
will be dealt with by the regulatory agencies. We will do our best to uncover
any manipulation of the stock, and we ask that all our loyal shareholders come
to us with any questions or concerns about this manipulation. We have set up an
email address for all your questions at shareholderprotection@qtelevision.com,"
Olsen continued.
This investigation is an important part of the current audit, and it will help
QBID speed up the process of becoming a fully reporting company.
QBID Hires a Team to Investigate Stock Manipulation
PALM SPRINGS, Calif., Aug 04, 2005 (BUSINESS WIRE) -- Q Television Network
(OTCBB Other: QBID), the first 24/7 premium network for the gay and lesbian
community, announced today that the company has hired a team of investigators in
an effort to uncover any inappropriate trading activity.
"I am extremely frustrated with the current value of our shares," said Frank
Olsen, President, CEO and Founder of Q Television Network. "As you know, we are
currently in an audit to become a fully reporting company. With all the positive
news the network has had I am deeply concerned that the stock has not increased
in value, and this investigation has become my number one concern."
Q Television is taking aggressive steps to stop any inappropriate selling of
QBID. The network wants to uncover any unrecorded shareholders and disclose all
market makers. Q will look into where the market makers are getting their stock,
and will, to the best of its ability, start an investigation to flush out any
inappropriate sales, thus ensuring that every share is purchased and paid for
before it is resold on the market.
"Once the internal investigation is over we will be able to give our
shareholders an accurate final share count of QBID. We will be able to determine
how many legal shares exist in the market place, and any inappropriate trading
will be dealt with by the regulatory agencies. We will do our best to uncover
any manipulation of the stock, and we ask that all our loyal shareholders come
to us with any questions or concerns about this manipulation. We have set up an
email address for all your questions at shareholderprotection@qtelevision.com,"
Olsen continued.
This investigation is an important part of the current audit, and it will help
QBID speed up the process of becoming a fully reporting company.
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