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


To: Renamed who wrote (1719)8/20/1999 11:48:00 AM
From: Jacalyn Deaner  Read Replies (1) | Respond to of 2118
 
Well that settles it, the Arthur Murray post indicating that ITHC is QBID and GAAY can go to hell if we don't accept their ofer IS RIGHT AGAIN, INSIDER LEAKS ABOUND.

Mr. Joe Pittera promised me my valuation would be great, although he also told me he did not care how much money I lost since the parity movement began, it would all be made up soon.

So OK, I guess this press release is good news? Someone call Joe Pittera's offices and find out if ITHC is also GAAY? and please make a post with the response. GGOOO GAAY and go Joe Piterra and Art Murray and all those big money people :)

This has got to be good news for GAAY - we have their word!! GO GAAY, Thanks Joe Piterra and Arthur Murray and of course Wulff, I accept that olive branch...thanks again, things couldn't be better, Roger Asquith confirms your power and I have seen Arthur Murray in action and Wulff - you guys are great....

Jacalyn M. Deaner




To: Renamed who wrote (1719)8/26/1999 1:44:00 AM
From: Renamed  Read Replies (1) | Respond to of 2118
 
So quiet here...FYI/From RB

By: NanCE+
Reply To: None Thursday, 26 Aug 1999 at 12:13 AM EDT
Post # of 32246


Hi ALL
I think this will clear up alot of confusion
This describes the offer. I have a little of both to be safe. May get more GAAY stock tomorrow. It looks like GAAY will still be a separate company afterwards anyway. It says in paragraph D that the share will be available for exchange. Does everyone think that some people will hold on to their GAAY stock?
Nan

(a) Integrated Healthcare, Inc. (OTC BB:GAAY - news) will acquire Palm
Springs Television Studios, Inc., a private company from its
private stockholders, which is currently in "mid-merger" with
Triangle Broadcasting Company, Inc. (OTC BB:GAAY - news) Broadcasting
for Preferred Stock in ITHC and cash. The Cash will then be
invested into the completion of the Bingo and Auction programming
which will make these two programs available for syndication far
ahead of schedule.
(b) ITHC will acquire the licensing for the Television Channel which
is also in "mid-merger" with Triangle Broadcasting for Preferred
Stock in ITHC and cash.
(c) The Preferred Stock of ITHC which will be issued to all insiders,
management and used for acquisitions of both (a) and (b) above.
It will be structured into a voting trust to be controlled in
majority by existing Triangle management. Each share of preferred
is convertible to common stock only after a three years from the
new date of issuance and can only be sold on a limited basis
until year five of maturity. This will assure Triangle of
management involvement on both major and minor issues with
respect to running the company.
(d) ITHC shall acquire all of the assets of GAAY the publicly traded
company for common stock of ITHC. The stock shall then be
available for exchange with existing GAAY shareholders on some
basis as provided by some "moving day average" of both stocks and
the ITHC market value as set forth in the marketplace prior to
the asset purchase. The ITHC Common Stock shall be used in the
purchase of the assets and the exchange of the GAAY Common Stock
if the shareholder elects to exchange. These shares will then be
registered under a Registration Statement so that they will be
"Free Trading" securities in the marketplace.
(e) Depending on the asset value of all the acquisitions (post GAAY)
Triangle MultiMedia, Inc. (Proposed symbol "QBID") will attempt
to list on a regional stock exchange or NASDAQ.
(f) The "Olsen Division" (working title) headed by Frank Olsen will
focus their efforts on the acquisition of stations, affiliates,
hardware and pre-existing content. This division will operate
autonomously from the day-to-day operations of Triangle
MultiMedia Inc. The "Mission Statement" of this division is to
seek out acquisitions and acquire them for a price below their
book value. We would like to see the Preferred Stock or a
combination of the Preferred Stock, Common Stock and Cash be used
for these acquisitions provided the marketplace "shows" a solid
value for the stock.