I have read a lot of posts yesterday and today. The few remaining bulls state that the progress of QTV to this point has been impressive. The majority of posters who are now bears feel that this progress has not had any affect on the stock price with the bloated float. My opinion is that the progress of the company should very well be reflected in the price of the stock even with the bloated float. The reason for this is that I have watched the majority of shares traded for more than a year at the ask price each and every day on level 2 yet the price has continued to go down every week. With any normal stock if the majority of shares is traded at the ask, the available shares at each price would evenutally dry up and the price would go up until it was high enough to entice investors to sell more shares at a profit. That tells me that not only has the stock suffered from the continued dilution by Frank but that the MM's do not believe for an instant that this stock price will ever be able to go up. So if they don't have shares to sell to the buyers, they are comfortable shorting whatever is needed, knowing that they will be able to cover lower or never cover at all if the stock becomes worthless.
Frank has done a great job in launching this network but he has done a terrible job in managing the stock price. I simply think he has got what he wanted out of the stock price by selling as many shares as he could to get cash to run the company. Now, as it approaches the worthless level, he has washed his hands of it. Whether the stock price is worth anything or not has no affect on where the company is now in regards to growth to this point or in the future. If he can get enough carriers and subscriptions to fund the company without selling more shares, then a worthless stock price can not hurt him any longer.
A sad state of affairs indeed for all the shareholders who "lent" him their money by buying shares in it.
AI
