***Yaaaaaaaaaaaaaaawwwn***
I believe that my time horizon for holding this stock is longer than most people here. I continue to review the reasons I bought in & one very important fact continues to nutralize my concerns about OS,,,
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The purchasing power of the U.S. gay and lesbian population will hit an estimated $610 billion in 2005, according to a 2004 study by Witeck-Combs Communications, a Washington, D.C.-based marketing firm specializing in the gay marketplace.
Michelle Scales, director of Wells Fargo's division of "diverse growth segments," ticked off a list of attributes that makes the gay and lesbian market a natural fit for the bank: the U.S. gay population is estimated to include 15 million people with a combined $610 billion in purchasing power. Gays and lesbians are twice as likely to own a small business as non-gays, and 75 percent have incomes above the national average. Seven of every 10 gay couples own a home.
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I'm not suggeting that 15 million or by some counts as much as 25 million (all in the US alone) will subscibe to QTV. But over time a couple million will subscribe & 3 or 4 million is not out of the question.
The audit will put us in a whole different catagory. Reporting Company. That in its self will increase the VALUE of this company. I look forward to this being completed and consider it much more important than a shareholders meeting.
With that audit behind us along with the very possiblility that Frank will report profits within the year, the appoaching Chicago games, more carriers, syndication of some of their shows & things we've not even considered yet we will see rewards from this that few imagined.
Remember this about an audit. You can't report profits with the conviction Wall Street expects if you're not filing with the SEC.
Yes! We can run without an audit. but my targets are considerably higher than pennies.
There is a reason MSFT with 11 billion shares outstanding trades for $24 a share. They make money & report a profit. No! I'm not saying we will ever trade for $20 a share. But I maintain that a dollar a share is realistic.
While you all are laughing just remember that Genuine Broadcasting International TV Networks do not trade for less than a dollar a share.
And remember this. The hardest thing this company had to do has been accomplished.
"All we ever had to do is launch!"
