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

[cabo_sailor]

Just butting in for a second - the info was not in the stockholder letter - it is in the first paragraph of the PR as follows:

PALM SPRINGS, Calif., Sep 15, 2005 (BUSINESS WIRE) -- Triangle Multi-Media Limited, Inc., (OTCBB Other: QBID), the parent company of Q Television Network, announced today the purchase of Network Teleports Inc.(NTI) of New Orleans. The purchase will be made with private financing of five million dollars, and will not dilute Triangle Multi Media stock, QBID. The purchase will include an ownership position by the private equity group, but controlling interest will be with Triangle Multi Media.

Just for the record as if anyone cares - I'm in Ricks court on this - having also a technical background I know he is going to have a tough time "proving" anything since one cannot prove negatives such as "proof that dilution is NOT going on".

Back to watching.