to cubby44 and all; that ask why can't frank start a share Buy Back now, instead of having to wait till October to even start a share buy back.The following is only My personal opinion why not now, so please keep this in mind.
First off; and Most important Frank & company did not have enough money to buy back even one share of QBID only a few months ago, But guess what happen in just the past three months?? Frank & NTI made some sort of agreement and put out a public PR stating this fact and look what happen to the QBID share price, the QBID share price went from worthless to a high of 3 cents a share all in about a two weeks or so time period, with more then 3 Billion shares bought & sold in that time period. as well.
Now also think, frank just admitted to us for the first time just last week that he
says we now have about 2-EXTRA Billion shares outstanding from 7 to as of last week QBID now has all of a sudden 9 billion appx shares outstanding true!!!.
Now where do you people think these 2-Billion new shares came from and who do you think sold all those 2-Billion shares on the open market last month or so, Hummm!!! you guessed it, Frank. Frank IMO sold those New 2-Billion shares on the open market at share prices over 2 cents a share. IF??? this is true ??, then as of now Frank and QBID now have or should have in the corporation bank accounts at least $35 to $40 Million dollars cash, now what did this Viacom say not to long ago about how much would it cost to start a all Gay 24/7 cable channel, you guessed it about $30 million dollars true, in fact ,Viacom said quote- Such a gay channel now could "be worth a $1 billion dollars," Redstone said, and would have a cost of only $30 million to start & launch.
Now does all this make some sense people, IMO the above is exactly or close to it what frank did just in the past few months.
NOW!!!! for the very first time Frank has the Cash to not only start a all gay 24/7 cable channel but just as important keep it running for many months to come until Advertising revenues & subscription revenues kick in , by then OCT comes and guess what people, frank now has more then enough money to start a 50% 1 year Buy back program to start to buy back QBID shares. YES the share price will be much higher by Oct, but who cares, now that Frank & QTV are bringing in tens of Millions in new revenues a Month.
The above is only IMO, I do not have and never did have any Inside info, so take the above as IMO only , but does it make any sense to any of you people. Thanks for your time.
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