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Ludlow Capital, Inc.
256 Seaman Ave, Suite #5A
New York, NY 10034
Phone (646) 670-6494
Fax: (212) 202-3504
E-mail: info@ludlowcapital.com
Q Television Network (OTCPK:QBID)
Date of this Report: Aug. 05, 2005
Current Stock Price: .0014
Current Rating: C+
About Q Television
This 24/7 premium television network is organized to create, develop and feature television
programming for the gay and lesbian community, including live & interactive content every
weeknight, plus sports, information and entertainment. While the company expects much of its
subscriber base to be comprised of members of the gay and lesbian population, management
also believes that quality programming about the gay and lesbian experience, designed to
entertain, educate and inform, will attract many other segments of the viewing public. The
company's programming is available on a subscription basis to those desiring to subscribe. The
network is telecast 24 hours per day, 7 days per week. Providing distribution via satellite
ensures availability of the network across the United States, including Alaska, Hawaii and
Puerto Rico. Q Television Network is the official network of Gay Games® VII. The network is
also ad-supported.
L U D L OW C A P I T A L, I N C.
FALL 2005 LINE-UP
Some of the programs Q Television will be broadcasting are Q on the Move, In Foqus, Women
on Women, and On Q Live. Also included in this Fall season will be such ground-breaking
shows as "Queer Edge", "Gay Court," "Flesh and Threads," "Q on Broadway," "It's A Drag,"
"On the Road to the Gay Games" and the country's first gay morning news and entertainment
show, "Brunch."
STRONG POINTS
Some of the strong points to QBID is the attractiveness of their business model, and attempts to
restructure the stock. QBID’s concept of offering one of the first Gay and Lesbian TV Channel
is an idea that is long over due. The ability for Q Television Network to generate month revenue
for recurring subscriptions to the channel, and the attraction of advertisers who wish to target
that explosive demographic makes Q Television one of the new cutting edge companies trading
on the small-cap market. Not only would this targeted demographic bring immediate revenues
to Q Television top line, but it could go a long way in bringing in a new crop of investors
interested in this business model and lifestyle as potential shareholders.
The Company announced back on July 22, 2005 the launch of their Q Television Network in
Maine, on the Time Warner Cable systems.
QBID recently announced a 53% reduction in the Companies tradable float, which could go a
long way in giving QBID more upside movement as news rolls out. Frank Olsen, the President
of Q Television Network recently commented, “We converted QBID shares into preferred
stock, eliminating fifty-three percent of the tradable outstanding shares. We are confident this
will strengthen the demand for our stock, and dry up the supply of trading shares that we feel
are being manipulated in the market. Converting our common stock into preferred stock will
allow us to retain voting rights, but will also squeeze out the large short position in the stock.
WEAK POINTS
The weak points to QBID are really the same for most small micro cap stocks. One of the main
issues we see preventing new & institutional investors is the lack of transparency, and audited
financials. The Company is currently in the process of finalizing their financial audits, which
would go a long way in making QBID a more liquid issue, and would surely make us consider
raising QBID a full grade up to B+.
As a non-reporting Pink Sheet issue, investors can only guess on the true current shares
outstanding, and any potential liabilities that may be hanging over the Company. Until audits
are completed, we would caution investors to wait on the wings till an independent audit review
can be released to the public.
Another potential weak point for QBID is the possibility of competition from other well back
networks wishing to jump in to this growing and lucrative market. As long as QBID can keep
launching on new Channels they will have an even greater & greater chance of making it as a
standard Channel for the Gay & Lesbian community, which also may make QBID an attractive
acquisition target to potential bigger players.
SUMMARY
QBID has a great business model, which they seem to be executing now as a real broadcast
entity. Though, the hang-over of still being a non-reporting and transparent Pink Sheet issue
makes us wary of giving this growing Company a higher ranking at this time. Continued
launching of new Channels, and the completion of independent audits would surely make us
consider raising QBID ranking one full grade in the future. But, at this current time we have to
give QBID a current grade of C+, but with the potential of improvement if the following
points are fulfilled.
(NOTE: Ludlow Capital will be regularly updating our research grade on this company from time to
time through the year as events unfold. We encourage you to check back regularly, and to tell a friend
about our ranking grade)
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for advertisement purposes only. Content contained
herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest.
WallStreetNewscast.com (WSNC) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse
these views, opinions or recommendations, give investment advice. WSNC, its affiliates, or directors, may or hold of
position in the above security from time to time, and investors are encourage to consider this as a possible conflict of
interest when review this information. In Compliance with SEC Rule 17B WSNC was NOT compensated for this research
report.
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