A Note From Allan Klepfisz

The Impossible Takes a Bit Longer

I suppose most of those that will read this first blog of mine, don’t know me. Though that doesn’t prevent a few supporters and indeed detractors from writing with the sort of certainty and detail that implies an intimate knowledge of, not only me, but also my motivations, character etc. In this age of blogging you can enjoy the illusion of having many more friends (and enemies) than you’ve really earned. Hundreds, if not thousands, can now exchange tweets with you. But I recall (from the days when I knew an occasional moment of leisure) that there’s nothing quite like a couple of really good friends. But to be a good friend of mine, these days (and I suppose for the past 8 years), you have to suffer all the considerable indignities I throw in your direction. Including but not limited to having no time to ever go out with you (or even socialize with you in my very occasionally occupied home), making highly unreliable times to talk with you on the phone, etc etc. There are clearly very few that would put up with this sort of mistreatment & so my friends are few. But hugely appreciated because I am the undeserving recipient of their undying loyalty. And they understand my obsession to accomplish the heretofore impossible. On behalf of my shareholders, my hugely deprived but amazingly focused and dedicated and inspired and inspiring colleagues & professionals, my family, my creditors & just in case I sound too damn altruistic, myself. In no particular order.

The entrepreneur- which as I write it sounds like far too pompous a title to attribute to oneself- can sometimes be selfless. Something I (usually feebly) aspire to. But if he is dedicated & “inspired” he is inevitably as selfish as hell. Because nothing stops in the way of “the vision”. And whatever he sacrifices of his own, he also mindlessly sacrifices of others. Most particularly his family. And friends. But perhaps I will try to assuage my towering guilt on another blog.

But back to my original assertion- most likely, you don’t know me. Well if you knew me, you’d know that in the mix of my few virtues & multiple flaws, I have an attribute which is probably both- to the extreme. I have a quite obsessive need to pedantically report it, as it is. Every scintillating and bloody boring detail of the truth. Unabridged, unexpurgated, relentless, accurate detail. The good, the bad & the ugly. And then some. Perhaps as a consequence, silence is a challenge for me. But one that I’ve been forced to master over the past few years- at least in so far as denying myself a voice in the public arena. My main reason for doing so is pretty mundane- no damn time. And the feeling that in the 20 or so hours a day, 365 days a year that you must dedicate yourself to achieving the impossible (and staying alive to do it), you are not doing everything that’s needed. Indeed, for all that you get done there’s so much that you can’t. And the notion of squandering time, explaining rather than doing, is not an attractive one.

But it’s become a necessary one and one that our long-suffering, amazingly supportive shareholders can rightly think is way, way overdue. So from now on, I’ve decided to use those occasional down times, when your output is curtailed by circumstances- like flying over the Pacific as I’m currently doing- to share a few facts, thoughts & lots of ramblings with you. Of course in detail. And most importantly, calling a spade a spade. Or even better, a bloody shovel.

Some of the questions I hope to answer are: Why has Qtrax taken so damn long? Why have we suffered multiple and major delays not to mention false starts? Why do we nonetheless think- more so than ever- that we have a completely unique proposition that is going to give the consumer, the artist and the rightsholders, so much more than they’ve enjoyed to date, in the digital age. And be a badly needed paradigm shift for the music industry. And why do we think- more so than ever- that the other models out there just don’t work. And what’s so damn unique about our model. And aren’t we just another crappy ad-supported model? And why would anybody believe, after all the delays, that finally we are going to be launching throughout the world, progressively? And how does an impoverished little company, that’s fought & is fighting so many battles get on its feet- financially & operationally? And when is everything supposed to be happening, this time? See that’s the trouble with the Pacific Ocean- it’s very big and the flight’s long, so you might be getting more info than you’ve bargained for.

Qtrax has taken so damn long because the impossible really does take longer. We are the only company in the world that has global licenses for free & legal downloads. From majors & indies. And there is only one territory in which they exist in the hands of others- China in which Top100 hits has a limited catalog in partnership with Google. And we have these rights for the world.

Now- am I claiming that in achieving the impossible, we’ve been highly efficient? Absolutely not. We’ve tried hard but the truth is that if total efficiency is the goal, we’ve failed. I’ve failed. You want examples of failure, wretched reader? Well here they are. We have had several iterations of the software. We chucked out the earlier ones and built something that is unparalleled, we believe, in its functionality. And ease & speed of downloading of music tracks (Perhaps 5 seconds). And accessible encyclopedic information. But in building this extraordinary product, our brilliant CTO, Chris Roe, abandoned just about everything from prior efforts. As did our unerringly spot-on content czar, Matt Kramer. So we wasted a lot of time in getting to a great product. And in shifting our team from Australia to NYC. And in stopping & starting as money ebbed & flowed. Boy, have we had a lot of stops & starts.

We’ve also been inefficient in going through two sets of expensive licenses with the music industry. We threw out the first set. They were too restrictive and didn’t allow us to present the ultimate consumer proposition: free, high quality, downloadable music. A massive catalog. Unlimited plays. Etc, etc. But the first step was the unavoidable stepping stone to the second as the industry liberalized it’s thinking.

And of course we had an aborted launch. In Jan, 2008. But enough has been written about that. Our spectacular international humiliation. That had a massive silver lining. We could demonstrate how huge a desire there was for our service. And we increased our resolve to be able to offer an unparalleled service. And globally.

But despite the fact that these “detours” have robbed us and our supporters of time, we have remained undeterred in our mission.

It’s not the done thing, perhaps, to be so direct but in my view it’s the only way to be. It may provide fodder to those that are dedicated to undermining us- whether because we are encroaching on their territory and threatening their business models (including the illegal ones that enrich themselves at the expense of the artists etc) or because they are twisted & jealous (I won’t name them because to do so would be to reduce myself to their level of character assassination). But telling it, like it is, warts & all, is pretty damn important. The twisted bloggers are great at frankness within a very narrow band- the warts of others (none of the good stuff about others ) and never, but never, their own warts. In fact, they are perfect & hence supremely qualified critics. If only the truth was not the reverse.

So, while making those lofty observations about telling it like it is, let me be even more frank. We have most often suffered delays because of lack of money. Did I say that? Do corporations ever say that? Probably not. But let’s aspire a little higher on the frankness scale. Oh, we raised a lot of money- and spent it as judiciously as we could (which we think was pretty damn judiciously), notwithstanding my confessions above to certain inefficiencies. But this is a crazily ambitious project and we’ve always needed more. Indeed, it is delays in promised monies, that have in turn, delayed us once more. Broken promises with money tend to create a vicious chain. Somebody promises somebody else who promises us. And any broken promise, in the chain, leads to delay on our part. Not to mention to our own set of broken promises. Now, don’t get me wrong. I am not attributing the blame to anybody else. The buck (or lack thereof) stops with me. Probably, by now, I should have learnt to not make ANY predictions. Even with all the requisite disclaimers. But people, rightly want some guidelines & timelines. And so we try, not often enough, to provide them. But in a way, it’s too often. Because, particularly, in these unpredictable times, it’s very easy to be wrong. Because even if you add plenty of extra time to account for the unexpected, you can never accommodate a massive delay or a completely broken promise. But none of this is an excuse for being late. Nor is it an attempt to avoid giving what will, we strongly believe, be the final, unalterable, unmovable launch time. And we’ll do that in the next week. And you’ll be able to mark it in your calendar. And we’ll do a corporate update at the same time to give you a few more things to mark in your calendar. The reason we’re waiting until next week is we want to make sure we have the money in the bank. With money comes certainty. Our detractors may rejoice at the delay. We’ll all be rejoicing very soon. With much more joy. I just hope that the disbelievers don’t own any shares. If they ever did.

Our confidence comes from the fact that we have finally found the bucks (that we thought we had before). In almost sufficient & certainly substantial quantity, to do everything we want & need to do. Now, you might justifiably ask- could something go wrong? Could there be a further delay? My answer, and the only responsible answer, is anything is possible. And you can never be certain about funding until it’s in the bank. But this should be it. We have never had more money promised, with more certainty. From sources we trust. Whose word is their bond. And worth more than a 100 page contract. But if there is going to be the slightest variation, we will inform you ahead of time. We are confident. These people have previously delivered. And delivered. A very large amount in aggregate. Microsoft has often had major & repeated delays in releases. And they couldn’t use the money excuse. In our case, I think you know intuitively, that it’s the cold, hard truth. On to the next confronting question…..

So why is Qtrax unique & uniquely powerful? Because of its licensing contracts, certainly. But also, because of its business model. Refined over the 7 years we spent in the wilderness. Working on the licenses and thinking. And thinking. And thinking some more. Let me make a few reflections in this regard although I must ask you to forgive me if we don’t reveal every aspect of our “secret sauce(s)”.

First, if you want to have a viable ad-supported model, it helps to have people that know something about ads. Too many people that come up with a technology, even a winning one, place inadequate emphasis on the importance of getting the ad part right. Which after all, is the revenue, stupid! Or much of it. Now, my partners, Lance & Robin know a damn lot about advertising. They have lived it & breathed it for their entire professional lives. As many of you know (and are thankful for), Lance was (among many achievements) the founding publisher of Maxim magazine. And during the 8 or so years under his leadership, against all odds, the magazine became the number one men’s magazine in the US & sold hundreds of millions of dollars of ads to advertisers for our demographic- 15-35 year olds. And Robin- was of course the global Chairman & CEO of Universal McCann. In fact, made it agency of the year. These two guys happen to be damn smart at what they do. And not too dumb, otherwise.

Secondly, you need to make the site attractive to advertisers. Obvious, you might say. Well, not obvious enough to be a priority to so many sites including most that offer music. They are sinfully unattractive. Especially to advertisers. And user-generated content doesn’t help either. It often makes advertisers nervous. And most of the big sites to date, are based on user generated content. Which gives us a massive opportunity. Because advertisers need to come online to find our demographic. But they want to do it in a predictable environment.

Third, you need to be realistic about your revenues. Most of your income is going to come from network ads. Those low paying ads that populate most sites. You’re not going to earn a high CPM for them. In fact, you are going to early a decidedly lousy CPM. And only a small percentage of your inventory is going to be premium advertising which will necessitate negotiating with an advertiser and getting a more decent rate. But your business has to survive on low CPM’s and if it can’t, you’re up the proverbial creek without a paddle. We have tweaked & tweaked our business model, to make sure it can. And Robin has then modeled our business model- 23 times to date. Not because he loves the task but because we take this shit very seriously. Because guess what- we’ve worked this hard to create a successful business. Not a money, losing proposition. When (ok, if & when) we have tens of millions of users, we want also to be profitable. Call us weird.

Fourth, you need to be mindful of your costs. Something that streaming services are discovering. And they account for all of our free music legal competitors. And you need to find a way to make your licensing costs bearable. Something we’ve worked very hard at.

Fifth, you need to have a sure way of getting massive audience. And we are creating that sure way. By engaging the dominant sites, search engines & media players in each territory. In short, by getting off our asses, leaving the comfort of the US and talking to eager marketing partners. My partner Lance has sacrificed his home life (not to mention his golf) to take to the road with me. Interminably. As has my long suffering partner, Chai. And Robin. And Alex. Perhaps not the common way for people in our industry. But a damn effective way.

Sixth, what about the local music? If you leave the safety of your home country and pound the overseas pavements, you might notice that taxi drivers in Hong Kong listen to Chinese music, in Turkey to Turkish music, in Dubai to Arabic music etc. So it takes effort & we are just beginning but we are intent on hunting down the sources of local music in every country we’re going to be operating in. And having something other than your standard, US, ethnocentric, music service.

I could probably go onto to 20 more unique aspects of what we’re doing. But as Dylan says, “Time is an ocean but it ends at the shore” and they’re serving breakfast on this flight which means the Pacific is soon ending and land is in sight. Apart from which, there has to be something left for another monster blog or 2.

But I haven’t answered all the confronting questions, I posed and I know there’s at least one miserable soul out there who is waiting to fault me on being evasive about something.

Just a word, then, on our battles. We have had every type. Battling against an old model for the music industry. Which served it so well for so long. But which the ability of consumers to bypass the CD, rendered obsolete. If you can get music free, albeit illegally, you will. And that’s why, perhaps 95% of consumption, perhaps much more, is illegal. And if you can buy, legally, just the track or 2 you want from an album, you will. Which is why both illegal activity & legal activity are making the industry cry out for a new model. But our departure from any conventional model was radical. Too radical. And we had to battle hard for it. And we did. And did.

And we battled the complexity of licensing. Our licensing guru, Rick Riccobono went on a mission to London to sort our the insanely complex terrain of European publishing licensing. He’s got it sorted after being there for 2 grueling years.

And we’ve battled to raise money. And to raise it while being honest (if sometimes wrong). Every day for about 7 years. Every day. With the help of a team that I thank hugely. They know who they are. And the money raised has mostly been from genuine investors who have mostly remained very enthusiastic for the entire period. Which has been really more than we could expect or deserve. Much more. But also from toxic PIPES/death spiral funds (Google that!) and inadvertently from some undesirables and we’ve ended up in legal battles with several of them. And a couple of suppliers who may or may not have done the right thing by us. And sometimes, frankly, we haven’t done the right thing by others, either. Like not being able to meet checks on their due dates. And as inexcusable as that has been, one by one we have worked thru situations to ensure that everybody gets paid. Even if it means dipping into our own pockets. No hiding behind the corporate veil for us. Whether it takes personal guarantees (& exposure) or personal funds, we’ve done what is required to keep the company afloat.

And we’ve battled to remain in control of our destiny. This has been a critical and constant battle. Because everybody knows how to do it better. But thankfully our largest funders have been the wisest. They’ve known that to tame us is to destroy us. I believe we have the most talented team ever assembled to get this job done. From our office manager Teo (who has to put up with both you & us), to the IT, content, licensing, advertising & funding execs. They’re nothing short of brilliant. And dedicated, And loyal. We’re also damn unconventional and we’re going to stay that way. You think we need to become more mainstream, more corporate? Screw you.

And we’ve battled to simply exist. To keep the lights on. Not to go the way of so many others. And to survive personally. I am both proud and ashamed that management is the largest creditor of this company. You’d understand why.

And we’ve battled not to dilute the hell out of shareholders while raising funds. And somehow we’ve succeeded in this regard more than could perhaps be expected.

We are nothing if not dogged. And stubborn. And determined. And God willing, our reward & that of our large number of stakeholders, is that we are very soon going to launch a powerfully attractive music service, with leading internet & media companies as marketing partners. That have existing substantial users. And we’ll progressively roll it out throughout the world.

This is the least that you, our long suffering, supporters deserve. And while it’s perhaps more than I deserve because of how long it took me to get here, as long as there’s breath in my body, I will not rest until it’s achieved. Of that you can be certain.

–Allan Klepfisz

61 Responses to “A Note From Allan Klepfisz”

  1. It is really very good to hear this kind of a statement from a CEO of a Company.This is the right way for the worlds business. I believe in this way to regulate the music world. AK go your way. The peopl don’t believe in your QTRAX have to be stupid. This is the once way that music industry and users could have a long and save future……. Go on…..

  2. Thanks for the update.

  3. bigaboy Says:

    Yes, maybe overdue, but much appreciated.

    Now, can you squeeze that down to 140 and tweet it?

  4. wow. this is probably the coolest blog I’ve ever read! very honest. this should wipe the smirk off their faces. Well done. :)

  5. Allen, what a great piece of work..splendid update…to the point, answering so many questions that we as shareholders needed reassurances of…your honesty is greatly appreciate….so many attempting to criticize or throw blame when they do not know the facts….so refreshing to finally get it right from the horses mouth. You have made it so much easier to now go back to friends and family and once again let them know that their investment and patience will be rewarded. You have surrounded yourself with some very talented people…their hard work…commitment and perseverance..to say nothing of their loyalty is to be commended….keep the faith my friend and know their are many of us who believe in the dream.

  6. Thanks for the update, AK. Sounds like you had a nice chance to reflect on your long flight. I hope your hard work will be rewarded. Don’t be a stranger!

  7. luckybleu Says:

    Thats called heart, best Qtrax update I’ve read to date.

  8. inthemix Says:

    We are all in the mix now…

  9. SpeedyRush Says:

    Great candid update AK. GoQtrax!!! And to all the nasayers: “I told you so”. Get the money in the bank, Allan and keep us in the loop.

  10. Fireball Says:

    To all of our financial supporters and friends, we thank you immeasurably for your patience and belief. What Allan has explained above is what we’ve tried to convey to each of you personally in bits and pieces over the last year to some avail. But he alone has lived it daily, on the ground and in the air, and as no one else can explain our past and lead us to our deserved destiny like he, I now trust that in hearing it straight from the horse, that your enthusiasm for our future has been restored and you once again believe that Qtrax will flourish on the world wide stage as promised. We’re almost there!

    Allan, thank you for your tireless efforts! We believe….QTRAX TO THE WORLD!!!

  11. BAHAHAHAHA Says:

    What a joke! Keep drinking the KoolAid AK and his sheep. :P

  12. A. Denise Wilbanks Says:

    Very informational, many thanks for taking the time out for the update and venting… Good for you, seems to me like you have locked in the final piece of your financial strategy and felt comfortable enough to sound off.

    You and the entire team have worked extemely hard for a sound qtrax and I certainly appreciate it.

  13. Tony Polito Says:

    Dear Mr. Klepfisz and Fellow Shareholders,

    Thanks for the blog and the candor..it is appriciated. My single question is:
    Why don’t you turn up the marketing volume to Investment Houses, The Print and TV Media, The Music Shows, 60 Minutes etc? It seems to this experienced marketing and sales person that if we get people talking about QTRAX, interested in the compay and potentially excited, then we would create an atmosphere wher they would buy stock and send it straight up wich ‘created revenue capitol’ for the company. It just seems to me that no one knows about us except US!!!!!!!!!
    Can anyone answer this or does anyone agree? I am all ears!!!!!!!!!!!!1

  14. harrysdog Says:

    Good speech! However,until I can actually download some free music (in the UK) for all the big labels and play it on some portable device, your gallant globetrotting efforts mean diddly squat.

    regards
    Bored Qtrax punter.
    (also have a few quid in BLLN.. but counted that as lost cause long ago..just want some free music now)

  15. i know this company for more then 5 yrs

    Ive spoken to the CEO Mr. Klepfisz the guy is dreaming a sweet dream he said 3 yrs ago that he is about to hit the market but he never did

  16. AK,

    Thanks for the update and the honesty! You’ve exposed your soul…I like that in a CEO! I hope you and your team reach your dream! To all of you…thanks for your hard work!

    After a successful launch and you guy’s iron out all the kinks, take a little time to appreciate your family and friends who’ve patiently supported you!

    Best of luck to all of you!!

    PK

  17. Keep up the good work.

  18. Question Says:

    I was wondering so will it be released july 22nd?

  19. Norberto Says:

    I very much hope that this service will be released on July 22nd and will honestly be dissapointed if it does not get released on July 22nd.

  20. Chris who????…what is your agenda…what are you really asking??? you are asking question regarding software and then flip it back on the stock…sounds to me like you are more interested in the pps then the working Qtrax model??? Ak stated the qtrax team had to trash the original model and basically start over..are you or have you been part of the beta group??? We are not ready for the main stream media until the proven product is ready for the global launch…the stock will get all the buzz it needs when the qtrax team is ready for the launch.

  21. Kramerica Says:

    Chris, it may help you to actually read Alan’s post … you know, the post that you’re replying to. If you did read it, why oh why couldn’t you understand because he has spelled things out petty clear.

  22. It does not sound like it will be released tomorrow (July 22). We’ve waited so long, it won’t kill us to wait a bit longer.

  23. Norberto Says:

    Eagerly awaiting the launch. Hopefully just one more day to go. They should have posted something on the main site about the launch. I hope it does not turn out ot be another delay and what not.

    • @Norberto – Not happening tomorrow, if you read the blog again. Announcements this week, hopefully, of the actual launch.

  24. Norberto Says:

    Just had a second read of the note and could not find any mention of wether or not this launch will enable the transfering of music to portable devices. I sure hope it does although I feel that using this feature of the service regaurdless when it becomes available will involve paying some money. This is one time that I hope I am wrong. I do believe however that eventually the majority of all the music will be avilable. Wether that happens tomorrow or not remains to be seen.

  25. Hopefully today will be the day! So guys come on – i`ll wait for your “launch” :-)

    As mentioned on your main website (http://music.qtrax.com/qtraxSupport.do?action=aboutQtrax) this should be on 22. July 2009.

    Let`s wait and see.. GOOD LUCK!

  26. Norberto Says:

    After rereading the note again, I now think that it will be pushed back at least another month. Maybe until the end of the year or in January of next year.

  27. Norberto Says:

    It will not be released today. We will have to a bit longer.

  28. NotSurprised Says:

    I’m not surprised anymore.
    Qtrax D.O.A., July 22, 2009

  29. Its funny to see people still expecting a ‘launch’ …
    It ll neverr everr hppen obviously…
    SAD

  30. here’s a pole from tonight regarding thoughts on whether funds get secured this week or not.

    http://www.yourfreepoll.com/yaevnwghsp.html

  31. guess people are not waiting for a “launch” – imo the software is allready working and songs are ready for download – am i right?

    most people are waiting for a “press release”.. which was planned for yesterday 2009/07/22 (in the qtrax “about” section).

    just my two cents.

  32. Norberto Says:

    To my knowledge the downloads are currently not working. They were taken down to perform an upgrade to the service. That is what is says when you log in. I’m honestly really not sure if ans when qtrax will be released. I say anytime from september to january of next year. Even if it never getts fully released, there was free and legal dowloads working at one time so the service did work although only in the US.

  33. Question Says:

    darn it…

  34. To 330ci: I think the answer you have to give yourself…

    AK is waiting for the money…..if the money arrives, he have to change the roll out….have to change some details (maybe)

    So Ithink today or tomorrow he should write if the money arrives(I hope)

    So wait this short time…But be positive…

    AK said:”I will not rest until it’s achieved. Of that you can be certain.”

    I believe in in his words…….

  35. honestly.. weather is so bad over here in hamburg that i didn`t go to play some golf.

    i just had a look at the google shares and i think qtrax has got the same potential.

    so after calculating a little while i decided to stay invested and to become a millionaire in a couple of month – with qtrax shares!!

    “brilliant” idea – isn`t it?

  36. Sure it is Jean, sure it is…. :)

  37. Norberto Says:

    For real. We would all like an update on what is going on. There are several senarios and possibilities as to what could be going on. First the negative. He may be trying really hard to get the funds needed for a global launch but the sad truth may be that he and the company may not be able to raise enough funds for the launch and therefore may be pondering wether or not to call off the entire service. However, doing so may give him the ultimate humiliation and therefore he may just be stalling for tiem hoping for some better economic times. On a better note, the softae simply may just not be ready. Last I heard that software was being made that will be compatable with all three operating systems. Maybe money and the softwaer not being ready could be holding up the launch. I just wish that they re enable the downloads. This may mean that they could be working on the software and when it is finished the downlods will be back up.

  38. Today have to come somthing.AK said:reason we’re waiting until next week is we want to make sure we have the money in the bank. With money comes certainty.
    I hope AK have the money and can show the world that QTRAX is not a joke……..Go QTRAX GO…Make the music downloads legal….

  39. Hi people of the world,
    i’m still believing in this story of free and legal music downloads. This is the difference between Qtrax and the other shit.It is free and there are downloads for free and this with high quality. The wolrd is full with shit products. But this is one – what is good for all who want free and legal music – and for all to make good business. We have to give Qtrax all what we have to make History…….Allow also all the people to get free and legal music who wouldn’t have the money to buy the CD. This is also a way to heal the world like Michael Jackson wants to do with his music. Ak wants surley to make business, but I think he also wants to give all people the chance to get music for free. Music is very important for every one to live the life, cause Music is a part of everbodys live…….

  40. law suit…so what…been there done that…anyone can file a suit…and for no good reason….i understand that even Ak was surprised and shocked when he heard the news this morning….something about UN…USED license agreements which Qtrax should not be paying for until they are used…..Oracle is a very big player in this game and who is to say that there is not a hidden agenda with this suit….force the little guy into some kind of submission or settlement which might give them control of the company….wow did i say that….well think about it for one minute…we are on the verge of something very, very big and here comes a law suit….OK guys this thing can be settled….but in the mean time we are creating some real news….the world is watching qtrax…..qtrax WHO????

    Allen will be addressing all of us some time on Monday with an update on this blog…let’s give him the opportunity to explain what is going on and tell us like it is…just like he did a week ago….keep the faith my friends i still believe with all my heart that we are going to see music history made and it will be at the hands of qtrax….defender to the end….

  41. Norberto Says:

    I know some people think that qtrax is some kind of scam but it is not. The reason qtrax is not a scam is becaue there was free music available for download and there was a lot of it. Currently however it is disabled becaue some upgrade is being performed to hte service. I know this has been three weeks already but the service was up and running for a period of time in the us. Therefore, I cannot label this service as a scam. This services and company may be one of most embarassing and humiliating companies that were around if they do decide to shut down but that is only if they decide if they decide to shut down. I won’t decide that they have shutdown until the qtrax web site is not up for about a week and currently the site is functional execpt for the ability to ownload music.

  42. Germboy Says:

    You talk like you know whats going on and like the rest of us you are in the dark! How do you know that the funding isn’t in place? What do you know of the other deals AK has set in on the sidelines? And the way you speak you are acting like you are a major share holder and you are not! Sell your 10K shares and move on! Or man up and accept your investments failure. Connect the dots, there is a chance that there is truth to what AVDI says. There is also the chance that this may take a lot longer to complete. Time will tell!!!

  43. I understand the Oracle law suit has been resolved…Allen has plans to update our blog sometime on Monday. I believe he will address the Oracle issue at that time….JMO…

  44. dogcat you assume way to much…do you come here to post just so you have something later to read. You know a great deal about what Allen is doing and what he has not been able to get accomplished for someone who does not even have a source or contact with the company. You have ruined one board why do you insist on trashing this board as well.

  45. Weck is your inside source….$5 per share….i would love it, however, i would first like to see .20 to .30 PPS….so how much faith are you really putting in what Weck has to say….you speak of him as your solid source and then you trash talk all in the same breath….wow …you really are a good friend!

  46. That’s what’s i’ve lost so far.

  47. Be quiet fool. You are in jail for a reason. I’m not worried about how much I’m going to make on this, I’m worried about how much I’m going to lose. You have retail mentality, you believe everything they tell you. And when none of it comes true? HAHAHAH you keep believing the next promise of a silver castle. A 6 country launch plus the usa on july 22nd. That’s a pretty grandiose proposition considering they can’t even go live in one country. What’s next on the offer? Ak said he had a couple more goodies to ad to our’ calendars. I’m hoping for a bucket of kfc with every hundredth download. It’s too much to handle watching this try to unfold. I am not venting, I am sharing my reaction to a lack of responsibility coming from a team that is supposed to be world class. What is up guys? I don’t see that top notch talent being put to use here. On the flip side, I wouldn’t worry about it . They will launch this at some point, and then look out.

  48. actually, I think with my current holdings I’ll make a mint if the rumor I just heard is true. I may be adding to my position in the morning

  49. Lets wait and see whats the CARROT of the day…… Hopefully it will trigger the pps a bit and I ll have the opportunity to dump my stocks.

    Dogcat… are you and chewbaka the same person?

  50. I understand that the Allen’s update will be after midnight tonight…don’t know if that is eastern std time or west coast time…just after midnight somewhere in the U.S. and Canada…expecting some very good news…so stand by:-)

    • great stuff. I noticed you are back in jail along with lucky dave on i-hub. I recommend you don’t wear pink pompons during your’ sojourn

  51. Bob Jangles Says:

    A link to the Oracle lawsuit story.

    Again, just a vendor not being paid. More will line up shortly I’m sure.

    http://news.cnet.com/8301-1023_3-10296693-93.html

    Note the picture of the rubber check. What kind of moron writes a check like that “by mistake”? Heh. I GUARANTEE Oracle is not the first vendor to be ripped off. Hopefully more will follow Oracle’s lead.

  52. you’ve been working hard for ages now. all the nonsense aside. At least You haven’t thrown in the towel. You’re devoted and you’ve decided not to give up. And come hell or high water or even whatever the press said today. Don’t let anyone bring that side of things down. It’s when you hit bottom that things look up and yes, the sun will shine tomorrow. Don’t listen to these wankers. the best people are made through trial, error and even mistakes. The more passionate, the more mistakes sometimes, especially when trailblazing. and it’s easy for ‘THEM’ to say when they’ve never ever once put their neck out and more than likely never truly campaigned, raised funds, had a belief and wanted to change things or make history. Keep true to the core. It will come if you build it and tell them all to sod off now. Sure, you may have taken risks. That’s more than they ever did.

    • Great post Indy…you hit the nail on the head….many who criticise have never stuck their neck or taken a risk even one time in their entire life…Allen is doing it on a daily basis.

  53. Norberto Says:

    I think it is pontless for us to be calling each other names. The fact of the matter is that in the eent qtrax does launch, I’m sure that we will all at least try it out. I do not own any stock in qtrax so it will not hurt me financially if it does not launch and closes down. I still hope that someday it will indeed launch. The point is that both the believers and the non believers will be on qtrax to try it out in he event that it does launch.

  54. Anna Marie Arganda Says:

    Please keep me posted.

  55. Allan,

    Make this work. It will be unreal.

  56. Only a few more days until another missed launch date. Doesn’t this get embarassing after a while?

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