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Post by imSINGLEruRICH on Oct 4, 2007 17:14:46 GMT -5
UPDATE AND CORRECTION 7TH POST DOWN !! 100 TO 4,999,999 SHARES OF QBID WILL GET YA 100 SHARES OF CPPC !!
Thanx Welshdra...... for the info
welshdra Victim By Default OT for anybody who had the « Thread Started on Today at 12:00pm »
lack of sense to buy QBID as well as this dog, they are doing a 50000 to 1 RS.
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Post by imSINGLEruRICH on Oct 4, 2007 19:17:43 GMT -5
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Post by imSINGLEruRICH on Oct 4, 2007 20:36:32 GMT -5
Jack Diamond Miner OT: QBID holders (Longterm) what do you think? « Thread Started on Today at 6:15pm »
Sent to me courtesy of "J."
13:30 10/5/2007 QBID Triangle Multi-Media Inc Common Stock CPPC Cinemax Pictures and Production Company International, Inc. Common Stock 1-50,000 R/S; Shareholders holding less than 50,000 shs will receive 100 shs post-split & pre-split holders of less than 100 shs will not be effected by split. **
From: Tony Gouveia, Chief Financial Officer October 4, 2007 Statement:
It has been a long road for us to complete this merger. It’s been over a year. I’m very excited that we have finally completed this transaction. I have tried to answer those questions that I thought would be of most interest to everyone that I am allowed to answer under the present SEC rules and regulations in place regarding disclosure issues. Please feel free to contact me if I missed an important question or you have a follow-up question if my answer was not clear. As CFO, I have two important goals (this is not all inclusive and there are many other important objectives): (1) to build credibility with our shareholders; and (2) add value to the company via acquisitions and movie and television projects.
My commitment to the shareholders is to provide as much clarity as we can about what we are doing and what we are trying to do going forward. I’m interested in what you think. I want to build a good strong relationship with our shareholders. I hope we can win your trust and respect. I wish us all great success as we move forward.
Frequent Asked Questions
From: Tony Gouveia, Chief Financial Officer
Is TMM gone and now called Cinemax Pictures and Production Company Intl. Inc.? Yes and No. The merger was consummated on 10/5/07. TMM is the surviving company and the name was changed to Cinemax Pictures and Production Company Intl. Inc. The former shareholders of Cinemax Pictures are now the controlling majority of the combined entities.
Are there two Cinemax Pictures - one in Washington and one In Toronto as some posters have claimed? No. TMM’s name was changed to Cinemax Pictures and Production Company Intl. Inc. as part of the process of merging the two companies.
How did the merger happen with out a shareholders vote? The merger requires majority shareholder approval and Articles of Incorporation that grant the company the authority to complete this and other transactions. Lloyd Fan owned 53% of TMM and approved this merger and it was properly filed with the State of Washington, Office of the Secretary of State..
What if you owned less than 50,000 shares - will you lose out on the reverse split? No. Any shareholder that has 100 to 499,999 shares will receive 100 shares. We are providing preferential treatment to the small shareholders that would have been negatively impacted by the reverse stock split.
What is the new trading symbol? CPPC
Why do I have to pay Capital Transfer to get the new shares of my stock? These are the customary fees that are required to complete this process with the transfer agent. Cinemax has no control over these costs and shareholders will need to enclose a certified check or money order US funds with these fees (made out to Capital Transfer).
Please note: the fee structure and the address for Capital are listed below.
Can I sell my shares before I turn them in to be reissued? If you decide you want to sell your position in CPPC, please be advised that some, but not all brokerage firms will allow you to sell before you turn them in your old QBID shares. If you can and decide to do that, you will carry a short-position on your account and on the brokerage house books for a few days. It is therefore “up to you and your brokerage house,” but the matter would be simplified if you surrender your old certificates and obtain new ones before you try to sell your shares.
How can we be certain you will not repeat what QBID did to us shareholders. I would encourage everyone to ask questions and do whatever logical due diligence you deem necessary to reach a comfort level with your investment. We hope we can win your trust and respect and that you will remain a shareholder. We want the opportunity to turn the past around and build a company that will have long-term sustainable value for all shareholders and allow us to become a successful production company.
Why so large a reverse split? Due to the previous TMM management team, the outstanding shares of the company were so significantly diluted, it was the only way we could regain a logical amount of shares in the float and to get institutional interest.
Is Frank Olsen or any of the people associated with him in the past involved in the company? Except for Lloyd Fan, no one from the old Board of Directors or officers of Triangle Multi Media is involved with Cinemax Pictures and Production Company, Intl. Inc., nor will they ever be involved.
How will the new company operate financially that will benefit shareholders? We will not be involved in any transaction that we don’t feel will generate value for the company and we will be involved in lucrative transactions that go through extensive screening to match our short and long term profitability objectives..
Where are the offices of Cinemax Pictures going to be located and when will they be opened? We are currently looking for office space in Los Angeles area of Southern California.
Who is handling Investor Relations for the company? We are currently interviewing candidates. In the interim, the management team will handle this until someone is selected. I will continue to have a separate section on the web site to communicate with shareholders. I view this as one of my primary responsibilities as I believe the shareholders represent a vital and important asset of the company. At the moment, we are only accepting mail with stockholder inquires that we will do our best to legally and ethically answer, without divulging and inside-information. Please address shareholder and investor correspondence to this address only. Inquires of this nature sent to other E MAIL addresses at the company will remain unanswered. THE CORRECT ADDRESS FOR INVESTOR RELATED QUESTIONS IS: IRforTMM@cinemaxpictures.com
Is the company going to only produce movies? Will you be investing in other projects? We will produce, co-produce or offer gap financing for movies and TV programs and will have two divisions that will be handling both areas. Furthermore, we are in the process of negotiations to acquire entertainment related assets, including existing film libraries that could generate cash flow and value to the company.
____________________________________________________________________________________________________________
We respectfully request that all stockholders return their stock certificates representing shares of old common stock to the transfer agent for cancellation, in exchange for certificates representing the number of whole shares of new common stock into which the shares of old common stock have been converted as a result of the common stock reverse split. . In order to receive new certificates, stockholders must surrender their old certificates, plus fees, in certified check or money order (in USD) made out to the transfer agent, Capital Transfer Agency, 300 Bay Street, Suite 2020, Toronto, ON Canada M5H 2Y2 for cancellation.
Stockholders whose shares are held in electronic format do not need to submit old certificates for exchange. Their respective accounts will automatically be adjusted to reflect the new quantity of shares, based on the exchange ratio
IF A SHAREHOLDER WANTS ONE QBID CERTIFICATE CANCELLED AND ONE CPPC CERTIFICATE ISSUED, THE FEE IS AS FOLLOWS: $75.00 USD
$ 25.00 USD cancellation of share certificate $ 35.00 USD issuance of new share cert $ 15.00 USD registered mail in the US $ 75.00 USD
IF THEY HAVE 3 QBID CERTIFICATES TO CANCEL AND ONE CPPC CERTIFICATE TO BE ISSUES, THE FEE IS AS FOLLOWS: $125.00 USD
$ 75.00 $ 35.00 $ 15.00 $125.00
PLEASE NOTE: Each shareholder mailing in their certificates to us MUST include their full legal name, full address, telephone numbers and e-mail address (if they have one).
We will need this information if there is a need to contact them if there are problems with the transaction. It also gives us the opportunity to update our system for future contact.
If your shares are with your broker, have the broker send them directly to CAPITAL TRANSFER INC. (at the above same address) with a Fed Ex or other overnight package service account number for the new certificates to be returned.
If you have any questions regarding the process of the exchange of shares please write DO NOT CALL Capital Transfer Agency at: info@capitaltransferagency.com
Back to top
Update to Shareholders of TMM April 27, 2007
Lloyd Fan, CEO of Triangle Multi Media, in advance of and as part of the process of the pending merger between TMM and Cinemax Pictures and Production Company, International announced today the contracting of Capital Transfer Agency of Toronto to assume the role of Transfer Agent for TMM (QBID) stock.
According to Fan: "The transition from the previous transfer agent for TMM should be an easy one and is already in process. The move should be completed by mid to late May, 2007. Capital Transfer is a Toronto based Transfer Agent and is located a short distance from the Cinemax Pictures office, making it easier for Cinemax Pictures and Capital Transfer to maintain close business contact and ties. The implementation of a new transfer agent, and the upcoming renewal by Mr. Tony Gouveia of the business licenses for QTN and TMM with the Washington State Secretary of State should be looked upon as positive and reassuring moves for TMM shareholders of our intentions and actions to continue moving ahead with the Cinemax / TMM merger process."
Constantine Papadapoulos, CEO of Cinemax Pictures and Production Company International also stated: "This will be the final web site based announcement made jointly by TMM and Cinemax in regard to issues involving the pending merger. All future corporate and financial related press releases will be done via our financial news wire service that will also begin working for us in mid to late May, 2007.
As previously stated, any announcements of film and television product acquired by, licensed to or optioned by Cinemax Pictures will continue to be handled via this website or via Entertainment News Wires. We will be making two announcements on new reality television product acquisitions within the next few weeks, once contractual agreements with the creators / producers has been completed."
For further information, please contact us HERE.
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Post by ivegotanace on Oct 5, 2007 4:35:08 GMT -5
QBID-- IS GAY---Always has been---IMO
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Post by hundredtoone on Oct 5, 2007 8:41:25 GMT -5
Lets just hope CMKX doesn't pull a QBID...I know one thing I will NEVER send the TA even one dollar for a CERT CHANGE...I will keep my CERTS forever...if QBID was SHORTED someone must have made a DEAL IMO...Flying Moose(cmkxunofficial)
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Post by snifferpup on Oct 5, 2007 10:58:21 GMT -5
jimbocmkx vegas member
Joined: Aug 2007 Posts: 12 Karma: 2
Any thoughts? « Thread Started on Today at 7:18am »
--------------------------------------------------- Many folks have noticed there have been numerous Reverse Splits lately in various stocks....
Has anyone noticed the strange parameters on those Reverse Splits Has anyone noticed they usually involve a merger of some sort
Is there something bigger going on here?
Let's take the recent QBID R/S for example
"N/C to Cinemax Pictures and Production Company International, Inc. (CPPC). Shareholders holding less than 50,000 shs will receive 100 shs post-split & pre-split holders of less than 100 shs will not be effected by split"
Let's say you bought at .0002 So if you purchased 4 million shares at a cost of $800, you end up with 80 shares post split, at what should be $10 per share or $800 in value...now that seems fair.
But if you purchased 200 shares, at .0002 at a cost of 4 cents, you end up with 100 shares, post split at $10 per share for a net value of $1,000
SAY WHAT? That can't be right....
Someone who invested 4 cents ends up with more value than someone who invested $800?
Someone who invested 4 cents ends up with 25,000 times the value, while the other guy/gal gets no increase?
In the past, if you did not have enough shares to cover the R/S and end up with at least one share, you were simply wiped out..... now for some reason they CARE ABOUT THE LITTLE GUY? hmmmmmm
Why was QBID involved in that Jade Collection like CMKX was anyway?
How did all the assets of QBID go to Valcom?
Did you know Valcom contacted Global Intell in 2004?
What other company does this sound like? Assets moving but hard to follow, global intell people involved, huge share structure....hmmmm
Why is it so important to keep ALL THE SHAREHOLDERS involved?
So many questions.....
Anyone have any thoughts on this?
tia
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Post by imSINGLEruRICH on Oct 12, 2007 19:15:16 GMT -5
(CPPC Pink Sheets) CINEMAX PICTURES AND PRODUCTION COMPANY, INTL., INC. (CPPC) ANNOUNCED TODAY A CORRECTION AND CLARIFICATION OF THE SHARE REDISTRIBUTION ANNOUNCED ON OCTOBER 5TH STEMMING FROM THE REVERSE SPLIT ALSO DATED OCTOBER 5th, 2007.TORONTO, ON, CAN, Oct 10, 2007 (M2 PRESSWIRE via COMTEX) -- Tony Gouveia, CFO of CINEMAX PICTURES AND PRODUCTION COMPANY, INTL., INC. (CPPC) announced today a correction and clarification regarding the share redistribution and reallocation created by the 50,000 to 1 (fifty thousand to one) reverse split and merger approved by NASDAQ of October 5th, 2007. According to Gouveia: "We were in preparation of writing the final announcement of our merger with Triangle MultiMedia (TMM / QBID) and announcing the reverse split posted October 5th, when the filings of both these events appeared on the OTC Bulletin Board during the trading day of October 4th. Our final draft of the merger and reverse split press release and the chart of the stock allocation statistics were literally in final process when we were made aware of the unexpected early posting. In our haste to file our announcement on October 4th, we inadvertently posted incorrect figures in that press release, and it has subsequently caused a number of issues with our long term shareholders. It was our error and we are correcting that situation and issue today. Via this announcement, we will be making certain no one will lose any of their correct allocation of position, even if they have subsequently liquidated their CPPC holdings. We are working with our Transfer Agent to make certain broker and individual shareholder positions in CPPC will reflect the correction as of the assigned date of record and that no individual shareholder will face any loss of shares due to our error, in fact some positions shareholders have with CPPC will reflect the correction by showing an increase in the shares of their account. Please note: our transfer agent was not responsible for this issue and if you have any problems regarding this, please contact us, not them. Any inquires to them will not be answered by them and will only be referred to us. In the future we will address this issue in depth on the FAQ page of the www.cinemaxpictures.com website to assist you in this process. We regret the confusion this has caused and we apologize to our shareholders for the error. This may also take us a few weeks to adjust, but it will be corrected." Gouveia continued: "What follows are the corrected figures of the reverse split reallocation and redistribution of CPPC shares. The press release dated October 5, 2007 regarding the reverse split and merger stated the following ANY SHAREHOLDER THAT HAS 100 TO 499,999 SHARES WILL RECEIVE 100 SHARES. This should have correctly stated "Any shareholder that has 100 to 4,999,999 shares (four million nine hundred ninety nine thousand nine hundred and ninety nine) shares will receive 100 shares (one hundred)." Shareholders with 5,000,000 or more QBID shares will receive shares based on the 50,000 to 1 reverse stock split as stated. For example, a shareholder with 10,000,000 shares will receive 200 shares of Cinemax Pictures." FORWARD LOOKING STATEMENTS
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Post by imSINGLEruRICH on Oct 16, 2007 20:41:34 GMT -5
Bumpity-Bump For those that did not see the correction !!
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Post by terahertz on Oct 16, 2007 21:53:37 GMT -5
cppc the new qbid closed at 2.95 on my ameritrade
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Post by imSINGLEruRICH on Oct 16, 2007 22:06:38 GMT -5
cppc the new qbid closed at 2.95 on my ameritrade and last I looked...... on both Atrade & Yahoo Finance had a high for the day of $4.00 Single
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Post by beckins on Oct 17, 2007 8:16:59 GMT -5
so take the emotion out of this....look at it as a pure stock play, you had the opportunity to buy CPPC at .14 7 days ago.....you and I did not.....now 21 times your money.....so if CMKX did the same thing....came back trading, they convert reverse split and then fall like a rock......would you buy in again just to ROI... So if you think about that, how about this....USCA just did it.....now USCN....@ .01......no shares.........will you buy in.....I'm looking......current conversion post split price for me is 2000 @ $2.45 a share for current holdings USCN.......I can buy them for .01 with and post conversion annual high of .25 are we not sitting on the same senario....so CPPC does this crap......USCN may.........CMKX...may........oh I am so sorry this makes me sick.......running a prevent defense is not the way to buy stocks........but that would be another 20 something times my money...just chuck the old USCA shares over the hill....use em to light my cubans.......oh, yeah, only IMO.
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Post by beckins on Oct 17, 2007 8:26:18 GMT -5
current pre market 2.05 / 2.10
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Post by beckins on Oct 17, 2007 8:29:46 GMT -5
market is open......1.90 by 2.10.....gunna find support.......or leave a bunch of bagholders?
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Post by blu1236 on Oct 17, 2007 8:40:49 GMT -5
Shortly after will be the short and pps will tank.
imo
blu-------------------------for you
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Post by beckins on Oct 17, 2007 8:42:19 GMT -5
1.30/1.50
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