1st Gay TV Network to be worth Billion$ per Sumner Redstone Message Board

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Microcap & Penny Stocks : 1st Gay TV Network to be worth Billion$ per Sumner Redstone

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From: SKARLOEY	12/15/2005 6:10:24 PM
	of 1031

-------------------------------------------------------------------------------- Posted by: ltesprit In reply to: None Date:12/15/2005 4:43:46 PM Post #of 198273 I just spoke with a company officer on the phone, he's very high up. He owns shares in the company and he reports directly to Frank. He came to work at Q because of Frank's vision and personal drive. But he says it is commonly acknowledged throughout the company that shareholders are unhappy and that Frank has to do some things differently. (He would not get into specifics.) He said people there recognize that Frank has strengths and he has weaknesses. Those weaknesses could effect the company, Frank is aware of them, and he is trying to address them. The share price free-fall is commonly known and felt. Lots of folks bought shares with their own money. Officers aren't given shares (except apparently Frank and Rene.) I warned this person that shareholders are reaching the point of calling their carrier companies to warn them about Q's business practices. Needless to say, this got his attention. He said he was very aware of shareholder anger and he understood it, and he didn't want anyone to feel they needed to hurt the company to get changes made. This person has network experience and says that Q is growing faster than any channel ever has, and that it is already clearly going to be a great success. But he acknowledged that Frank, like all CEO's has weaknesses that can affect it, particularly in communication. I could tell he was implying 'honesty' as well; I sensed frustration. When I asked him what he thought about Frank's credibility, he was diplomatic and replied that Frank has always been honest with him, but that he can't vouch for anything or anyone else. We talked for about twenty minutes. He told me a lot about the carrier industry and just why it was so hard to get a network running. He really wanted to put in perspective for me the success that Q has had to date with gaining carriage. I told him that this is one area of the company (the other being programming) where shareholders are quite impressed. I asked him what he though the value of our film library really was and he replied that he couldn't really say but anyway that the library is not the primary programming: what 'makes' the channel is the live stuff. Hmm. I ended our conversation by asking him to convey our shareholder concerns to Frank, particularly about the audit, and he reminded me this isn't his area of expertise but that he was a shareholder too and that when he spoke to Frank (likely tonite) that he would tell him about our conversation and my concerns. He reassured me that Frank is hearing all the time about shareholders' frustration. --------------------------------------------------------------------------------

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