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brute_force

10/31/07 5:31 PM

#272172 RE: kacey #272166

kacey, did you read what Gouveia emailed to a poster on RB about the o/s? He forgot to mention the Fan/Gouveia HEDGE FUND consisting of 25% of the newly issued 100 million shares (serial preferred with undisclosed preferences & multiples that are 100% at the discretion of Fan & Gouveia). If you thought the QBID VC's had a hedge fund from hell, owning an anti-dilutive 10% of the QBID o/s, that grew at the same rate they liquidated, plus multiple classes of preferred that had 10X & 100X multiples, supervoting rights, liquidation rights and interest bearing... check out Fan & Gouveia. Fan owns 53% of the QBID o/s + Fan & Gouveia issued themselves 25% of the newly issued, serial preferred with all multiples & preferences 100% at their discretion + with a .001 par value that they can cellar box in liquidation from .001 to .0001..
These guys give the terms "thinnly traded" & "tightly held" new meaning. ;0)