Thanks Islandboyz for pointing out my mistake...all I can say in my defense is....give me a break, I'm a QBID shareholder...that makes me a Special Ed Student...and to prove the point...my wife IS a Special Ed Teacher....
I haven't been in the swing of iHub lately so I screwed up that post...
I meant to say that if, at that time the COMPANY was worth 1 billion (as Richard & Frank keeps saying), then that investor lost 75% of his/her value....
What a lot of people here are failing to see is that we are faced with TWO problems...the macabre price, but also the value of our shares.
When Frank raised the A/S at the end of 2005 (by 10 billion on Nov 4th & then again by 40 billion on Dec 19th) he doubled the A/S and halfed our value. And REMEMBER...before Nov 4th he owned 53% of the company (or 26.5 billion shares) and on Dec 20th, he owned 53% of the company (or 53 billion shares) so HIS value was not diluted...just ours...
now again.....Repeat after me...Frank is our friend...Frank is our leader...Frank tell no lies...Frank is our friend!
And by the way, a couple of other concerns we as share holders may have coming up...
#1 200 Billion Share A/S on Feb 23 (double the shares, and half you value again)
#2 Bring on a NEW management team which will do a reverse merge as their 1st action (sort of sounds like GAAY into QBID again)
What a pile of........
Charlie T
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