A quick look at the QBID story which has finally ended. jmhollen wrote this on 1/06/05 before being banned from the QBID thread:
Message 20921865
"....CAVEAT EMPTOR...."!!!
Potential buyers of QBID should keep in mind that the Common Stock of this company has no voting value. In other words, you're buying tickets to 'watch'. Your opinions are meaningless, and your position at any stockholder meetings will be totally powerless.
There is a Special Class of QBID stock (..some version of Preferred shares..) that Frank Olsen refers to as "..SUPER-VOTING-SHARES..". The existence of those shares means he has total control of the company, and you are simply along for the ride - as a bamboozled spectator.
When Frank Olsen decides (..or is heavily persuaded..) to step aside to be Chairman or Advisor Emeritus by the QBID Private Placement Holders, they will use his "..SUPER-VOTING-SHARES.." to have a Midnight meeting, and Reverse Split the 50,000,000,000 common shares shares by 1:100,000+ -- which you will discover the following day. Frank Olsen will have thereby preserved his promise to the faithful for "..No Reverse Spilt..", since he can point to the new CEO and Management and truthfully say "....they did it....".
DYODD, Check all the City, County and State dockets and records within 100 miles of Palm Springs. Check the History of GAAY, Pride Cola, Boeing Used Furniture Sales, etc., etc., etc.
Have a nice day.
This was QBID's fate almost word for word. Either jmhollen can see the future or maybe he scripted the whole thing |
