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Microcap & Penny Stocks : GAAY - Triangle Broadcasting Company (was TBCS)
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To: rowrowrow who wrote (1829)9/14/1999 10:47:00 PM
From: Jon Scott  Read Replies (2) of 2118
 
The SEC is not death to these stocks.
We all have been wronged. We have been lied to and deceived by Frank Olsen. If I went over every suspicious event around this deal, I'd type my fingernails to my elbows
The company was undoubtedly intent on making investors believe they own(ed) certain assets. They made certain to put out a PR they were acquiring and did acquire the studio. Did the same with other assets.
Now if all this was never owned by TBC, but by a private corporation, why even mention it? Were they promoting PSTS Inc or TBC?
To state they "acquired" the studio is enough to make me believe they acquired it, not found a place to stay, as I'm sure any other reasonable person would surmise the same, particularly considering they previously said they were signing an agreement to "acquire" the studio.
The legal definition of "acquire" alone will be enough to cause Frank Olsen an onslaught of legal problems. That is fraud. I think no harm will come to GAAY or GAAY shareholders when the SEC steps in. I'm guessing the guilty are the ones who jumped ship, and now attached to QBID. That is where the investigation will start. They are the beneficiaries of this scandal.
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