Agreed, gees. Buyback and retirement of shares give shareholders significanlty more value. It also shows a HUGH sign of faith by the company (instead of a 1/100 R/S'ing its way out of the craphole).
I would MUCH rather see Frank 'borrow' $2-4 mil based on the value of the company/Gay Games contract/advertising revenue. If he has that much faith in the future growth of the company (and it's value), a few million bucks to remove 45 billion shares from the market is a drop in the bucket.
Let US see an SEC filing with $10-15 million in debt.... BUT, with REVENUE, carrier contracts, advertising, etc...and I'll GLADLY stick around a few more years.. It's just debt, and it can be PAID OFF WITH A SUCCESSFUL BUSINESS! NOBODY here that's a true long had ANY doubt of the validity of the channel. It's just that the dilution used to get us to where we are now has GOT to be reversed and rectified.
thousand of people invested in Q. and MANY MANY MANY of them have lost 70%+ of their investment.
I can only specualte that, at .0004 or lower, the only reason someone with VERY deep pockets doesn't just come in and buy the float is because of Franks ability/willingness to just issue more shares.
FRANK has to be the one to buy the float and retire it. Leave 500k shares in the market place and let them trade at a $$$ value/pps that's WORTHY of a cable network, and worthy of institutional buying AND major exchange listing...NOT at a level that does nothing more than incite ridicule and disrepect and doubt and anger and frustration.
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