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Microcap & Penny Stocks : GAAY - Triangle Broadcasting Company (was TBCS) -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (1079)	7/25/1999 9:43:00 AM
From: GARY DECARLI	Read Replies (2) \| Respond to of 2118

The way I see it... After going through all the posts, nothing has changed my focus on what Triangle Broadcasting is going to accomplish in the near future. There is talk of outstanding shares and shares in the float. Again, I do not have an exact figure in writing, and I am going by the 38 million outstanding and 30 million in the float. For anyone who doesn't understand what Triangle Broadcasting is in the middle of right now, let me explain: Last year, there was a transfer agent that was responsible for the Triangle Broadcsting's stock. Triangle felt this company was performing under par, and got rid of them. From that point on, Triangle took care of the stock transactions. At the end of 1998, Triangle Broadcasting said let's do something a little different, and get into bingo and auctions, and expand our radio broadcasts and do it both on the internet and the television. Triangle set forth to do accomplish this, and around mid May of this year, Triangle's business plan started to become a reality. News releases started and talks began with different companies to expand their exposure both in radio and television. Marvin Jenkins came on board as the General Manager and so on. Now Triangle says to itself that it's about time we get serious about filing with the SEC and get a reputable transfer agent to control the stock. Before doing this, they need to have clear and precise records for everyone to see: shareholders, SEC, and the new transfer agent. They have invited an auditor to their business to get everything just "perfect" so when they hand over their stock information to JB OXFORD in AUGUST, they will have accurate records, and more importantly, Triangle Broadcasting can start their filing for the SEC. By the way, they plan to be fully reporting by January 1, 2000. This information comes from the company...this is not my perceived "game plan" My views: (right or wrong) First, A couple people have sent for a credit report regarding Triangle Broadcasting and it came up "average", which is just fine at this point and time. It had no negatives listed, and I believe that the only big bill they needed to pay was $12,500. Second, in the above "game plan", I am not suggesting the outstanding and float are wrong. Renee Shenk actually said that I could call back around August 10th, and the audit will be done, and financials can then be released to the public. Worst scenario, and let me repeat that, worst scenario, let's say there is 40,000,000 in the FLOAT, not outstanding. Investors...we are working on those shares RIGHT NOW! It is not like they are ADDING them in August. So the price of the stock, which is gainly steadily at a nice pace, may not have taken off because of this. Again, this is worst scenario. Triangle could come back and say instead of 30 million in the float, there is 32 million....that's peanuts folks! I am glad Triangle is being proactive in their own finances. Third, if this merger goes through, it won't make a difference what's in the float...the stock price will fly! Fourth, if the merger doesn't happen, well, Triangle will still be successful. Many of us invested in GAAY before that news release came out anyway. Lastly, the increased exposure will definitely raise the stock price and gobble up any float that exists...so don't be so concerned. Whatever number the float is, it's still very low for a stock of this potential. Not even a listed stock, and someone gives Triangle Broadcasting an UNSOLICTED offer...that's great news everybody!