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


To: Debbie777 who wrote (1985)10/21/1999 2:27:00 PM
From: Mikee Hughes  Respond to of 2118
 
I just received my yellow card(!). Curious about phrasing of 'in jeopardy of the stock swap'. Also the phrase 'business combo/merger' I'm used to getting the normal proxy cards with meeting and agenda information, etc. etc. Would anyone care to share their thoughts on this??



To: Debbie777 who wrote (1985)10/21/1999 2:58:00 PM
From: wlcnyc  Read Replies (2) | Respond to of 2118
 
"Am I the only one that thinks this is really weird?"

Oh, I don't think you are alone there! Actually, I just received today 3 of them thar yellow cards (I have GAAY in three different accounts). I have never seen anything quite like this before. Is there a "clue" in the part that says "...in order to participate in proxy...." Is this some kind of pre-proxy? Should I call them three times? <G> You expected them to know how many shares you have when they don't even know how many exist - maybe this their way of finding out how many there are? (sorry, just a little sarcasm) This truly is weird! What if I told them I had 5,000,000 shares - would they believe me? Are they trying to find out how many people care anymore?

I hadn't even read them until I saw your message. Guess I will call later and see what happens.

Good luck to us all!

Bill



To: Debbie777 who wrote (1985)10/21/1999 10:10:00 PM
From: Theo  Read Replies (2) | Respond to of 2118
 
Yep Deb, I'm still lurking...:)

Got my yellow card today as well. Didn't get home til this evening 7:00 pm EST, but, still placed the call anyway. Male voice asked me if I could "hold" and I obliged.
Minute or two later a female identifies herself and asks for my name and phone number- again I oblige. She states that they are extremely busy. After hanging up, I realize that she never asked for my share count. I called back immediately and again placed on hold (with my consent). This time a male voice asks me if I had received a yellow card. I give the affirmative and quickly explain who I am and that I just called but wasn't asked for a tally of my shares. He stated: "Nope...we are swamped right now. We are going to contact everyone within 24 hours and answer any and all questions you may have."

I do find this scenario intriguing to say the least. I have been involved with numerous proxies in the past, but, nothing compares to this <g>.

I noticed first off, that the card was addressed in the same format and manner as placed at my broker and not my "usual" mailing address which confirms that they have indeed pulled an investor list from the TA logs. Not that that in and of itself is odd, but, I was under the impression that the shareholder book-keeping (as stated by the original TA) was supposedly in such disarray that this wouldn't have been possible. On the other hand, maybe that's why they are doing it this way- to confirm actual shareholders? Who knows. I also find it interesting that they would state that they will answer, and I quote again "any and all questions you may have within 24 hours." In fact, when I told them I would be working a 12 hour shift tomorrow, they pushed for an additional contact number.

Impression? First off, QBID proxies have not been tallied yet. Regardless of which state governs the merger, SEC rules state that companies abide in a "quiet" period during the process. How can they answer questions if QBID hasn't decided yet.......or have they? Perhaps the majority vote is already known to the company principals and it's already time for part two??

In any event, I'm stranded at work tomorrow, so I won't know any more until then than I do now. (Except I'm going to try and glean some info from RB right now before hitting the hay) Hopefully, it will come together real soon. If it's true that they will answer any questions, it ought to be REAL interesting here on SI and RB tomorrow and tomorrow night...<gg>

Theo;-)