marketbear I think QBID/TMM shareholders have every right to be disgruntled. They were told that QTN was being financed by it's private investors through 2008. Then Olsen converted his 53% of the QBID/TMM o/s into preferred shares that converted to common at a 1:10 ratio. That stock was dumped, diluting QBID/TMM common shareholders positions in QBID/TMM to pay the private QTN's bills.
Now we learn from CFlynn that the W2's were QTN's. That means the employees were QTN employees, not QBID/TMM employees, and that Frank Olsen diluted QBID to zero bid to finance QTN. I understand QTN employees were ripped-off, but QBID/TMM shareholders were wiped-out to pay the bills of the company these employees worked for.
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