Doctoall report on studio trip... here it is
Okay, I am back and I will catch up on the board and post a bit later.
I met with Frank in a much smaller group, that included Lobo from Ihub and a few others from the Ihub group (actually only 3 of us in my group).
It should be pointed out that Frank had several small group meetings and we were the first to meet with him.
I promise that I will post ASAP [Big Grin]
Okay: First of all thanks DavidJanus for the nice comment, yes I was sitting that corner with the questions. And you can be sure that I have lots more for Frank in our meeting.
As I said I got together with Lobo , we did that because we wanted to have someone from Ihub and Allstocks together to meet with Frank and then meet after the meeting to determine what was said and what we understood was said by Frank. So I believe that Lobo will be home by tomorrow and if you want to can check his post against mine.
I did see Quality Babe there from Allstocks there as well as Davidjanus.
"Q" Television Network is clearly marked with a very nice large illuminated "Q" on the front of the building. We were greeted by security at a side gate, he had a list of names on the guest list, they actually had 100 names on the list and only 37 people showed up.
It was amazing to see the production studio and all the sets, and yes I will be posting a picture of me sitting in a pretty pink chair on the set of Brunch. I will also post a pic of Frank and I as well an one of Josh Fountain and Honey Labrador and I, she is a beauty, just turned 40 and looks like 25 [Smile]
Josh Fountain, Honey Labrador, Jack Lett, Christianne, Scott Withers and all the staff are so upbeat and sold on what they are doing. They are determined to make this work and it was a great experience spending the day with these high energy people. So now on to business [Big Grin]
Meeting With Frank, Lobo, Doctoall, and 1 other.
"Q" is being built to sell, not right now but most likely within the next 2-3 years. Frank stated that going price for a full network (which we now are) is in a range of 3-5 Billion and anywhere up to 10 or more Billion. Frank did say as an example "Say Time Warner were to buy us out" [Smile]
If the "Q" were to be sold Frank stated that you can be sure that he would no longer be there as the new company would usually purge the old management.
Frank said that this would allow him to then start the kind of network that he has been avoiding. You can be sure that he is talking about the hard stuff.
"Q" is one of it's kind as we are a live on the spot network and not just broadcasting gay movies, so we are very much envied at this point.
Carriers: We will be getting news of new carriers over the next 60 days and there is no doubt that we will be in 160 markets come the Gay Games in 2006. They have general contract with RCN, COX and Time Warner, however it is up to the local areas to add or drop programming, he did say that sometimes they can only add twice a year.
He was very strong in his statement of having a Sat company soon although he would not confirm Dish or Direct, it sounded more like Dish to me as Direct has Logo.
NO REVERSE SPLIT. There will be no reverse split as long as he is in control.
Buybacks: No planned buy backs at this point, they are using the money of the private investors to fund the company, he stated that these investors are giving upward to $200,000.00 each per month to the operating of the company. He would not disclose the names of the private investors other tha he is one of them.
PinkTV, yes Scott Withers will be talking with Pink next week as he visits France. He will be attending a cable broadcasting conference in Europe. There will be discussions regarding the coverage of the Gay Games for Europe and planning for those broadcast will be covered.
Scott has been back and forth to Chic as the planning for the coverage is well on the way, working out the logistics.
Outtv will most likely be picking up the new Reichen program that was launched today (and by the way that program is very impressive). We can expect to see more syndication
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4 Icon 1 posted October 11, 2005 23:55 Profile for Doctoall Send New Private Message Edit/Delete Post Reply With Quote Frank asked us what we thought of the studio. He said that it was good for the shareholder to come and see that the "Q" is a legit company. He said that they are just not a 2 man company with a photocopier. We are a real televsion network with great capabilities.
On site they are renting out studio production time and currently have a program being produced there (geez I can't remember the name but it has to do with homemaking, knitting, crafts) and they are paying "Q" $5000.00 per hour for the facility.
"Q" is also editing for the Hollywood industry, the going rate is $150.00 per hour and Frank is currently charging a lower fee of $50.00 per hour to attract the business. Our studio has a great reputation and has been there for 17 years.
Revenue is being generated but as with any upstart we are spending a lot of money to make money.
Audit: We can expect an update at the CC and it will be discussed in greater detail. It would appear that the audit is done but there are still a few issues with the shell that they bought (you will remember that discussion by Rene in the last cc). However, they are working to resolve any pending issues to get it to the shareholders.
Frank did say that one of his biggest problems had been that he should have taken more time to keep the shareholders informed as to what he was doing to build this network, that was probably the first words out of his mouth.
Assets: Frank indicated that when the shareholders get to see the assets that "Q" owns and also see that we are "not" encumbered we are going to be very happy.
I will address the diluting theories but I want to talk with Lobo once more to make sure that I understand what Frank said about that. He did address the issue.
Frank did say that this is a long hold and smiled when I told him my motto "Long, Strong and Holding".
Geez, this has been such an exciting day, I am so charged tonight and so happy that I have a piece of the action [Big Grin]
Frank is fine, he is being treated for a condition called Neuropaty. In his case it is not associated with Diabetes and it is "not" life threatening in any way. All in All he is healthy. He did mention that he is having treatment in NY and that it is going well.
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