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


To: Joe Lyddon who wrote (1783)9/9/1999 10:55:00 AM
From: Yve$  Read Replies (3) | Respond to of 2118
 
Good observation. I've been watching for a while over at the Bull. I'm glad I have access here. QBID is supposed to happen on the 13th as per AOL news. We are both at the same price. Lets see what happens. It may be a big float after combining the two together. I was hoping for riches sooner. I'm in at a low enough price that I can sit it out until Monday. I'd like to see this board get a little activity rather than having to weed through GAAY at the bull.



To: Joe Lyddon who wrote (1783)9/9/1999 11:18:00 AM
From: Jon Scott  Respond to of 2118
 
Joe
A lot of people are down a lot of money.

This stock was at .32 cents before ITHC came into the picture. Joe Piterra clearly stated his intentions in conversation with me to seek "parity" with his then .04 cent stock. He also relayed those desires in e-mails. Considering his position in this whole deal, the conflict of interest in representing both parties, and his admitted close association with persons bashing GAAY on the RB boards(where substantial holdings were represented), I couldn't see how he could walk away. He's a 32 year old lawyer from Torrance, CA who just cost people millions of dollars.

Frank Olsen is not innocent either. PR's starting 5/11 were drafted with one intent-to pique interest in GAAY and deceive investors into thinking Triangle Broadcasting was building up a base of very promising, high revenue generating assets. Announced an "unsolicited offer". Then they avoided shareholders questions. And then Frank jumped over to the company he sold these assets to and took Rene Schenk with him, the guy who was handling the accounting and the shares.

There was a lot of selling on the way up. Recall the seeming endless supply of stock on those 3-5 million share days which kept the stock from moving despite lots of buying. This while the company was VERBALLY reporting under 40 million shares outstanding

So there are a lot of strange events associated with this stock. I think the story has just begun. I'm still holding most of my shares, and not very happy either.