First the important stuff!
Jackie Jette needs to contract Geronimo ASAP - Something about your common interest in Labrador Retrievers. LOL
And speaking of Labrador, we all got to hear and meet Honey.
Gotta say for you straight guys (and not so straight gals), she really is some kinda, professional model type, of a knockout! - Tall, slim, statuesque beauty, and really a very nice person to boot!
I asked her for some fresh links on her because the one we used to have in the info box went dead one day. She promised to send some new ones.
And hi again Lobo, Florist, and others I met.
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Well what would you have me say folks...
You know several years ago when we old timers first heard about 24/7 GLBT broadcasting, the most obvious thing that came to mind was where is Frank going to find enough material.
Well I'm here to tell you, it's apparently turning out to be just the opposite, and "in spades."
Several of the cast members (we were introduced to many) were not at all shy about volunteering that everywhere they went they were deluged with offers from authors, producers, writers, moviemakers to get their material on Q.
Sounded like right now that they've got at least a couple hundred deals of all flavors they could move out on if they so desired.
I also stock my head in the door of Q's film library and said to the guys in there..."so you've got maybe a thousand movies in here"...they kind of chuckled to each other and said something lot " oh no, we've got way more than that LOL!
Others will fill you in more on what Frank said in their side meetings connected with where the money comes from...
I'll just mention two things he said. The first one was that all their production...must of been 8-10 different sets we saw in one of the studios...was being used for Q. The other studio was being rented out for production by other networks.
For example, there was an arts and crafts channel filming in the other studio even while we were chatting with Frank in his office. Anyway Frank said, Q gets $5000 per hour for such rental - One of Q's great revenue streams obviously.
The second thing was that I mentioned to Frank that "when I visited you in the old studio you said you had put $6 million of your own money into the company. He said that's now up to $24 million.
Anyway, as others have been saying, from what we saw this is serious business undertaking folks...actors, production people scurrying back and forth, just a blur of humanity going back and forth rearranging sets and everything else you have to do to produce multiple shows. non stop, growing, and maybe inexhaustible content, etc.
I'm hopeful that when the numbers come out we're going to see huge assets, both tangible and non tangible. By the latter I mean intellectual property, which may be worth the most of all to a potential buyer (my thoughts). And all of this with apparently very little in debt or liabilities...something almost unheard of in an exploding business, yes exploding (my take) like this.
Frank gave multiple examples of networks that sold for $2, $3, $4, $5 billion...
And I think when he's ready he's going to get it. Connected with this, several employees we talked to seem to reiterate that as they traveled around the country (Scots Withers is off to Europe this Friday to work on some deals over there), the word is that everyone is crazy over Q, openly wanting to find a way to hook up with Q if at all possible.
It was stated that carriers, advertisers, etc. think that Q's formula for catering to local GLBT needs is exactly what they're looking for.
Someone also asked the production people about any backlash. The comment was that so far there hasn't been any...obviously very good news.
Sooner or later share price is going to have to reflect all of this...Or if it comes down to a buyout anyone in the stock is going to be getting a substantial chunk of the spoils, spoils that are going to amount to several billion dollars minimum I would guess.
That's a lot of bread to divide regardless of the share structure.
More if I think of anything...
Ron
CEO Frank Olsen.
AI
