To: Jason Riche who wrote (815 ) 9/17/1998 5:32:00 PM From: tahoeman Read Replies (1) | Respond to of 1096
Great message on Yahoo describing what's going on.... --tahoe From Seattle_Guru Sep 17 1998 2:25PM EDT Some miscellaneous pieces of info after talking to both major shareholders of GBIT, John Destler, and Bob Cook of IGHS. Both these guys have been in these stocks for a long time and have convinced other big players to get in and stay in. They convinced management to put this deal together and it is compelling....here's why they went for it. IGHS Many loyal shareholders; risk/management software already in many dozens if not hundreds of hospitals (See recent news release). Most shareholders are in this stock at $2-5 and have been for well over a year. Stock price has struggled until recently until software was finished and hospitals began buying and using and loving it. They are reportedly close to many other large contracts in several other states. This stock had been shorted a lot and now MM's are covering in light of the anticipated news of more big contracts coming. MOST IMPORTANTLY there are big players in this deal to make the GBIT-IGHS merger work. Share structure is very clean and software is reporttedly extremely useful in managing hospital inventory, patient care, and in general saving hospitals major dollars. IGHS in a sense, you understand, is actually buying GBIT. GBIT has the NASDAQ listing and the new surviving company may retain the name Global but of course there will be a new symbol with a "U" on the end (for unit). There goal is proably AMEX, where even less shorting can go on. The best news of all is that both shareholders say this is a great fit and management agrees (custom hardware and software...a great new division for GBIT). This buyout also has the effect of beating the shorts (see last paragraph and retiring the gbit convertibles)...READ ON! IGHS has no massively complicated overhead share structure, just a few employees, and the wording of the proxy/merger agreement has already been agreed upon. It will be clean and easy. And the plan is to have the CONVERTIBLES OF GBIT COMPLETELY RETIRED! If for no other reason you want to vote YES on the merger so that all convertibles are history...the one thing holding GBIT's price back PS- the people behind this are the same player behind fighting the massive shorters on TGSK and moving TGSK to NASDAQ with a new symbol JAWS. They did this in record time and moved the stock from $1.00 in March to $3.75 today. I trust their ability. PS2- If you buy IGHS you will protect the price of GBIT and move both share prices up until the merger is finalized. The major players are planning to buy the dips in IGHS. MM's there are in a near panic supposedly as the last 10 days, every dip has been bought to move IGHS up. We will see, that is what I am told. I am only going by these guys track record. Good luck, Dave (Seattle_Guru on Yahoo) CALL John Destler at 212-734-2000 Bob Cook at 603-726-9881 or Norman Muller, Gbit or Michael Black, CEO, IGHS (sorry lost his number but you can always get if from Vincent, PR guy, that releasing news for IGHS at 914-699-2020)...see bottom of IGHS PR releases for more phone #'s