Regarding the ownership of QTN through QBID shareholders from the CC.
Now, i know i know, Frank has a very good tendency to lie or mislead, but there was no safe harbor statement here, and Frank says it striaght up that the QBID shareholders own 100% and its solely owned.
I do wonder though why they are taking time in clarifying the rumors that it is not, if they have nothing to hide. But heres the CC part where he talks about it......
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Can you tell us what percent ownership the common holders of QBID have in QTN? What percent do the preferred holders have? And the private investors.
I’m going to say right up front as you know my stock is preferred. Ok? I own 53% of the company. But the company is a solely owned subsidiary of Q television network. And as far as I’m concerned. I can’t do anything with my stock. I can’t sell it. I can’t do anything. And basically what it comes down to if QTN is sold its sold by us together and we’re all going to reap the rewards together the only thing we have to do is pay the debt service and the only thing difference between you and me is as a preferred shareholder I’ve had to sign personally on the debts and you haven’t had to do that with the investment bankers.
Is there anyway to give a percentage breakdown?
I just told you. I own 53% of the company.
So what do the common QBID shareholders own?
MY stock is preferred so if you took the other way around you would have 47%.
