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

To: DablocTrader who wrote (1918)	9/24/1999 2:05:00 PM
From: Sprintcar	Read Replies (1) \| Respond to of 2118

Dabloc this whole thing has been a mess from the get go. The wording of the pr's from GAAY left a lot to be desired. Back on 7/27/99 when ITHC put out a pr saying they were changing their name to Triangle Multimedia, and in the body of that pr was their business plan in short. I started reading GAAY's pr's a little closer, and in all of the it basically said GAAY & PSTS announce. When the game plan finally became clear the pr's from ITHC/QBID said they had purchased PSTS, and intended to purchase all of the assets of GAAY. QBID has the venture capatalists behind it, and it seemed apparent GAAY couldn't carry out it's business plan due to lack of cash. The first proposal said that GAAY was willing to a ratio of 3 3/4 to 1 share of QBID. Then Olson retired 14,000,000 shares so the ratio went to 2.3 to 1. Now I am a QBID shareholder, I sold all my GAAY because of the nonsense, but my questions are about this merger 1. How did the ratio of 2.3 to 1 come about when Olson retired 14,000,000 shares from 3 3/4 to 1 2. What assets does GAAY bring to the table. 3. What percentage is owned by GAAY on Bingo TV & Auction TV 4. What is the float on GAAY 5. What will be the combined float after the merger is voted by QBID shareholders I believe GAAY was in trouble financially and this merger is FO's way of taking care of the loyal shareholders of GAAY, as it was JP way of taking care of ITHC shareholders. I believe this is a done deal and the vote by QBID has insider control. These are just my thoughts but there are still a lot of unanswered questions. Happy Investing Sprintcar