Chewy who is pissing all over your cheerios buddy. dont bring your .034 to this board. If it only is .034 at launch this thing is dead in the water. I just hope they work out a deal with a major company prior to the launch thus establishing a value for the company. I really think they need to partner with someone to give it a solid value. In the company statement in states: BTW this is only my opinion
Qtrax quote:
"The Global Launch will involve a number of high profile artists, industry leaders & partners."
What industry leaders and partners are the talking about?
Qtrax Quote:
"The Company expects to successfully complete a new round of funding during June, 2009. Details will be made available at the time of completion."
That new round of funding is going to be complete before they file or report, so its not going to involve the basic investor
"Licenses
On or before July 6th, 2009, Qtrax expects to announce new record company & publishing licenses."
What new licenses and record company that is bigger the 4 already signed. I have a feeling its going to be all the labels in general with complete portability. The game must of changed when another partner came on board... Man i love dreaming this stuff up
Blake Indursky is a monster in this industry and his brother is the biggest entertainment lawyer in the country. Why would they be involved when they certainly have better things to do.
Hitting every date they mention is imperative to the success of the this company. For once they need to follow the plan.
Anyway 1.8 billion shares @ .09 puts a value of 162 million and that only happens with a deal in place. Just my opinion.
No deal in place means no credibility going into the launch meaning they will have to show actual revenue to move the share price. So hope for a deal
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