Replies to post #261369 on Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[RedFox7]

Good morning: I have a question >>
On a short term trade: ie, if you buy a
stock and sell the stock in the same day,
for a profit, what is the short-term capital
gain rate now. Can,t remember short-term/
long-term capital gain rates. Or if a special
tax-rate applys to a 24 hour Buy/Sell-profit.
As always, TIA and have a good day--------Red

[jimicrakdcorn]

did you click on the user name to read the past posts to see how long they've been saying this?

[PennyHeaven7]

CINEMAX PICTURES & PROD. CO. INTL. INC.
http://cinemaxpictures.com/faq.html

For any information regarding TMM/QBID please remit via the form below.


Name

Phone

Email

Comments



Statement from Mr. Gouveia:



The purpose of this FAQ is to clarify information that is included in the press release dated 8/21/06. Questions regarding information that falls outside the scope of this press release will not be addressed. Therefore, please keep your questions focused on the subject matter discussed in the press release.



Any answers provided will be included in this website. No information will be provided to any individual that is not included in this website as information provided has to be available to everyone so that no one has ?insider information?. Please continue to view website as answers will be included on the website.



I would like to share the following with the QBID shareholders:



(1) The purpose of the press release dated 8/21/06 was to provide information on what our plans were going forward, as we believe it was important to communicate as quickly as possible about our intentions.

(2) There will be further communications as things progress to a point that we can state with confidence what the final result will be. We are not interested in making false or misleading promises regarding our plans. Therefore, we will not make ironclad promises on transactions or other issues that may not have progressed to the point that we can comment on the end result.

(3) We are not concerned about the day to day fluctuations of the QBID stock. Our goal is find a long-term solution for the shareholders. Furthermore, we want to find a solution for the employees and creditors.

(4) The transactions discussed in the press release involve complex issues that take time to resolve. We believe that these transactions can be finalized in a few months. However, we cannot guarantee it.

(5) If we are properly funded, I will very aggressively determine if there are assets that legally belong to QTN, and use whatever legal alternatives available to reacquire these assets. Furthermore, the recovery team will include an oversight committee representing mostly individuals who are not Directors or Officers of TMM or QTN in order to have independent oversight of this process. Progress will be communicated at www.obiongroup.com. This website will be ready shortly.

(6) I would like to caution everyone to be careful about negative information you may read in message boards or other forums. There are individuals who have agendas that may not be the same as yours. Some of this information appears to be misleading and inaccurate and in some cases is meant to attack and discredit individuals and companies. Please protect yourself against these types of activities. I strongly encourage you to make intelligent and informed decisions with a healthy dose of skepticism.



Mr. Fan and I want to thank you in advance for your patience and hope that you will all profit from the transactions discussed in the press release.



Frequently Asked Questions:



Q: Will there be a 10,000 to 1 reverse stock split?



A: The timing to disclose this will be up to Cinemax as this is a post-transaction event.



Q: Is Lloyd Fan the CEO and Chairman of TMM/QTN? When I call the Washington Secretary of State's Office, they say that Frank Olsen is still listed as CEO and Chairman.



A: We are in the process of filing the necessary forms to update these records.



Q: Will there be a full forensic accounting of QTN's accounting records?



A: As stated in the press release, we are considering moving forward with a forensic accounting audit of QTN. If we move forward with this audit, we will communicate our intentions in a future press release.



Q: Will the employees receive payment for unpaid back pay?



A: As stated in the press release, we are trying to work out a plan for QTN whereby we would be able to make employees whole for unpaid back pay. We will communicate our direction with QTN and the impact this will have on employees in a future press release.



Q: Will the creditors be paid for past goods and services to QTN?



A: As stated in the press release, we are trying to work out a plan for QTN whereby we would be able to pay creditors. We will communicate our direction with QTN and the impact this will have on creditors in a future press release.



Q: The QBID shareholders are to receive 25 billion shares of The Obion Group. What will be the QBID shareholders equity interest in The Obion Group?



A: The equity interest in The Obion Group is in the process of being determined. The details regarding this will be communicated by The Obion Group. Please go to www.obiongroup.com.



Q: What does Pro Rata Basis mean?



A: This means you will have the same % ownership in Cinemax, based on a total ownership of 20% for QBID shareholders that you had in TMM. For example, if you own 10% of TMM you will own 2% in Cinemax. However, please note that Cinemax will contribute assets and have a stated value versus TMM which has no assets and a subsidiary (QTN) that is burdened with debt.



Q: I don?t understand how these transactions will work. Can you clarify how this works?



A: Without going into all the rules and regulations surrounding these transactions and trying to keep this simple, the transactions work as follows:

(1) Cinemax is a private held company. TMM is a public company. Cinemax is going to buy TMM and include assets into this public company. The public company going forward will be Cinemax;

(2) In addition to QBID shareholders interest in Cinemax, the QBID shareholders will have an equity interest in The Obion Group. See www.obiongroup.com for details. The Obion Group will purchase a public shell to become a publicly traded company. When this is completed, the QBID shareholders will receive an equity interest in The Obion Group;

(3) QTN will be sold or assets liquidated. The proceeds will be used to pay employees and creditors. If there are any excess funds, after paying employees and creditors, the additional funds will be returned to QBID shareholders in the form of a dividend. None of the QTN assets have been liquidated at this time; and

(4) QTN Asia is currently a private held company based in Taiwan. We plan on maintaining that status for the foreseeable future.
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[ticopower0]

TT>> I know what we read here but for the life of me I cannot figure out why Cinemax would buy to assets and corporation of TMM/QTN. The library?Mary Hartman? Equipment?What equipment?
All I see is debt and a lot of it. WHY???