Replies to post #265126 on Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[old_timer99]

CFlynn, with all respect, I think you're missing the point. The only investors QTN had were private investors. QTN was a private venture. The financing for QTN was a private equity fund that was supposed to be paying employees through 2008.
Instead, it appears TMM shareholders, the publicly trading company the "investors" are invested in, were footing all of QTN's bills. This diluted their investment into nothingness.
You posted yourself the W2's say "QTN". So, why were TMM's investors footing QTN's bills? That's the question.

[marketbear]

I had lots of help, both on and off line. I think you said it well, Thank YOU.

[AvocadoMan]

Chris, it was clear to me, and I'm sure others, that there was nothing in your posts that indicated that you thought "employees were hurt more than investors" or whatever that blah blah blah nonsense was.

I can't complain at all because I made a big chunk of change on Q only because I got out for good before things headed south and stayed there. It was really just luck for me, and I just happened to time my ins and outs well, nothing to brag about. The whole time I was playing with this mess, though, I had my eyes squarely on the back door, knowing that it was more likely that I would end up losing rather than gaining.

As for Fan, anyone who would associate themselves with obvious BS like the Obion group (all their claims of interests in vacation destinations, properties, ethanol production, and 15 restaurants in "developmental stages" [two hot dog stands run by someone who got a cease and desist order for offering unregistered securities]) and let's not forget about Cinemax Pictures, is either dense, a REALLY bad businessman, or a willing party to the deceit.

The fact that the Obion Group didn't IMMEDIATELY make Fat Frank take that scammy hot dog club info. off of the Fat Frank's site tells you about their integrity. It doesn't seem likely at this point that Fan is going to or can do anything about all the money investors lost. He was smart enough, however, to cover his own butt in those PR's regarding asset recovery, bankruptcy filing, etc., by including stuff like (don't remember exact wording) "if resources are available" (DUH!) and "if it's in the best interest of the company" (very subjective and open to a zillion interpretations).

It seems like he really hasn't obligated himself to anything. What I find hard to believe is that some people are still saying that, until they hear otherwise, they're assuming that Fan will "keep his word" (he didn't actually make any tangible promises). I think QBID under Fan's reign is STILL a scam, and shouldn't be removed from scam status until Fan actually does something to the contrary. Moving forward with the merger with a company like the Oblivious Group doesn't really cut it.

As for the stiffed employees, I hope you guys get some justice. Stick with it, and squeeze every penny out of that fat pig.

Good luck,

Greg

[XV19]

thanks for that post, Chris. I'm in this biz as well..I can't EVEN imagine $500 a WEEK in LA! Hell. $500 a DAY is barely survival rates.

Since Valcom and Vince took over Media City, has anyone been out there to see what's going on in the facility??