They moved the shells around, continuing the great shell game, that's what happened.
I'm not a stocks player, so someone else will have to explain what happened with the shares and whether it is good for the investors or not.
I will say this, having been in the film/television business for almost twenty years - a company using a name incorrectly implying an affiliation with a successful cable network (yes, please take note that Cinemax Films of Canada is NOT Cinemax cable network) and promises that all six of its films in production will be "blockbusters" smells like a scam to me. My opinion. I have fifteen original scripts I've written sitting on my shelf, to think even six of them could be "blockbusters" would make me retarded. No one on the level promises that kind of return. Look back to all the exaggerated "successes" touted in QTN press releases, how many turned out to be B.S., but people got excited at the time.
Unfortunately, in the absence of any kind of news for months, a lot of people are quick to jump for joy over this and Team Fan seems to be all over these boards patting him on the back. Anybody else noticing some of these folks applauding Fan seem to be new?
As I have repeatedly stated and told Fan - talk to me when you have my check, which to-date including penalties and interest, comes to about $10,000. That is for work I did in good faith - four shows a day, five days per week throughout the month of April and have yet to be paid for. I'm one of over one hundred such stories, most of which don't have nearly as happy an ending as even mine does.
The majority of the QTN employees have now been waiting SEVEN MONTHS for their January pay. While Frank O. created that mess, Fan assumed responsibility for that debt when he took over the company. The skeleton crew, the thirty or so folks working to keep the place alive during "reorganization" have now been waiting FOUR MONTHS for their pay, pay for which we were stiffed by Fan himself.
All this announcement is telling me is that there will be a new "shell company" formed to find out IF we can get our money. Doesn't sound like much progress to me.
As for you guys, I hope you're able to get something out of this, but not being an expert, if you're getting shares of questionable penny stocks in exchange for your scam penny stocks, I don't think you all should be too excited either.
And those of you thankful for any kind of effort being made at all, remember, the rumor last month was that a bankruptcy judge denied the attempt to fold Q because of the mess in its wake. There isn't much of a choice, but to try and salvage it.
Just my two cents. Off I go back to radio silence land...
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