Replies to post #163521 on Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[PennyHeaven7]

Thanks Lobogotti, I for one appreate all you are doing to try and get Frank & all of his QBID Management team insight as to all our total outright FRUSTRATION, not only with the share price being so low, but also the lack of total HONESTY From Franks past PR's, saying on one hand, that he is buying back shares in the Float, then on the other hand, just putting out a PR a few weeks ago, now saying he used at least 50 Million shares or more?? to buy those 143 Films etc. I wish you well and by all means please let us all know if?? you ever receive a honest reply from Frank. Thanks again for all your time & effort in putting this shareholder letter together.

Posted by: lobogotti
In reply to: None
Date:9/12/2005 3:04:12 PM
Post #of 2736


this is a final....for now, this hits the points hard on the head. i could go on and on with question after question. if that is necessary in the future, than i will do it.

i ask all you shareholders here, to please send this letter in email to [e-mail] and [e-mail] and [e-mail] for now.

i will try and find other email addresses that can help us, but these are all i know of at the current moment.



Dear Frank Olsen or To Whom It May Concern,

We as a group have sat here and supported this stock for some time now. Only to watch it plummet on nothing but good news. QTN claims that it is due to market manipulation, but would selling 5 billion unannounced shares into the float have anything to do with it?

At the time of the conference call, you stated this??????..

Frank Olsen: I got the question, if you?ll disconnect your phone, and then I?ll give you the answer. Because it?s breaking up and we can?t hear you. It?s causing static in the line. Thank you. Ok, the question was about the number of shares. There?s 9 and a half billion in the book. There?s 6 billion in institutional hands that is for security against agreements. That was money for gay games, that was money that was needed for borrowed programming and that?s what its there. We don?t expect to ______ the market. Now more of the questions we like to answer everything, if you?d like to add to that you can, but in the float there?s 9 in a half billion.

But now we see an increase of 5 billion shares since this call. Revealing to us that the price decrease in the past 9 months was not due to so much manipulation of market makers, rather it was from dilution by the company. Our question to you is how much more dilution can we expect? Are you truly financed through 2008 and if so who why would you need to sell shares since the conference call? That really makes no sense when you stop and think about it.

The following italicized paragraphs come from a PR from 4/18/05. Why does QTN feel the need to issue PR?s such as this and never follow up with the shareholders?? One could start to consider this as being a band aid to the ever declining fall of the price per share?????

Sichenzia, Ross, Friedman & Ference LLP will formally begin the preliminary application process to have Triangle Multi-Media become a fully reporting company, the prestigious law firm will immediately begin counseling Triangle Multi-Media on the requirements needed to be listed with another exchange.

"We have hired Sichenzia, Ross, Friedman & Ference LLP, one of the best law firms specializing in matters such as these, and we are confident that they will deliver," said Frank Olsen, President and CEO of Q Television Network. "QBID will be counseled on the most effective procedure for us to become a fully reporting company and we will act upon it very quickly."

The company then follows with this PR on 5/2/05?..

PALM SPRINGS, Calif. (Business Wire) -- Q Television Network (Pink Sheets: QBID) announced today that it will be securing a well known securities CPA firm this week to complete its full financial audit. Q Television will work closely with the accountants to move forward with its plans to become a fully reporting company. The CPA firm will conduct the standard audit, and is expected to deliver the final report to Q Television upon completion, at which time Q Television will become a fully reporting company.
"We feel this audit is a huge milestone for our company, and that ultimately, if Q Television Network files all financials/reports publicly, we will eliminate the manipulation that our company and many Pink Sheets stocks face," stated Frank Olsen, President and CEO of Q Television Network. "Our company is fundamentally positioned perfectly within the GLBT market, but we cannot tolerate the undervalued price per share that our stock faces on the Pink Sheets."
When do PR?s such as this come true? If they are to ever come true, why do you feel the need to issue a PR like this????.

PALM SPRINGS, Calif.--(BUSINESS WIRE)--Aug. 4, 2005--Q Television Network (OTCBB Other: QBID), the first 24/7 premium network for the gay and lesbian community, announced today that the company has hired a team of investigators in an effort to uncover any inappropriate trading activity.
"I am extremely frustrated with the current value of our shares," said Frank Olsen, President, CEO and Founder of Q Television Network. "As you know, we are currently in an audit to become a fully reporting company. With all the positive news the network has had I am deeply concerned that the stock has not increased in value, and this investigation has become my number one concern."

Q Television is taking aggressive steps to stop any inappropriate selling of QBID. The network wants to uncover any unrecorded shareholders and disclose all market makers. Q will look into where the market makers are getting their stock, and will, to the best of its ability, start an investigation to flush out any inappropriate sales, thus ensuring that every share is purchased and paid for before it is resold on the market.

"Once the internal investigation is over we will be able to give our shareholders an accurate final share count of QBID. We will be able to determine how many legal shares exist in the market place, and any inappropriate trading will be dealt with by the regulatory agencies. We will do our best to uncover any manipulation of the stock, and we ask that all our loyal shareholders come to us with any questions or concerns about this manipulation. We have set up an email address for all your questions at [e-mail]," Olsen continued.

This investigation is an important part of the current audit, and it will help QBID speed up the process of becoming a fully reporting company.

Shouldn?t this have taken place months ago?? Isn?t this the same thing the company has been saying for months/actually years? Please tell us when this will be resolved and stand firm with your answer.

A few other good questions for you. How can you be doing buybacks, when 5 billion more shares have hit the market since the conference call? Who were the investors buying up to a .01 and why would you PR such a thing? What ever happened to the Pride deal? Why is RCN not expanding to other cities? What happened with the POD situation? These types of unanswered questions and the selling of billions of shares is the reason that the price per share continues to fall. To blame it on anything else would flat out not be fair to your loyal investors. Many good people continue to support you and your network, we just want honest answers.

If you need to finance the company by selling shares to support your network, don?t you think it best to tell the simple truth of it all? Some of the PR?s that have been issued in the past look as though they have one purpose, to get the current price per share to stop it?s decline and shut up investors for a certain amount of time.

We recognize some of the strides that the company is making, but when will QTN become a fully reporting company, as you have stated time and time again?

We all have a right to ask questions here, many of us are down. Though we should only have invested what we could afford to lose, would we be any less than wise for asking why we are losing. This is millions of dollars we are talking here, not just a few thousand. We have stood back watched, waited and supported, while promises have been made. How much longer can this go on? A start would be by giving up the truth on the audit, there has been more than enough time to have finished it by now.

Regards,

Many of your Frustrated QBID Shareholders