To: 2MAR$ who wrote (2245 ) 5/21/1999 5:52:00 PM From: Jacalyn Deaner Read Replies (1) | Respond to of 4828
RE: GAAY - no DD just information: Found THIS little tidbit GEM info: RECOMMENDATION -- GAAY Triangle Broadcasting Company (GAAY), Inc. is a National Broadcasting Company with a new state-of-the-art studio for 24 hour satellite programming available to over 10,000 stations throughout the United States and Canada. The President, Frank Olsen, recently announced (news) the creation of a three-hour broadcast called Bingo Television available to TV and Cable companies beginning August 2, 1999. The three hour broadcast will consist of six one-half hour bingo games to originate LIVE from the Palm Springs Studios. Each week new BINGO cards will be made available free to players at participating supermarkets, fast food stores and on the INTERNET. Triangle has chosen BingoTelevision as its initial production offering because of the game's proven ability to generate revenue. Internet users worldwide will be able to access the game and play free through the new web site now under construction. The BingoTelevision creator, Dick Weiner, is a Peabody Award-Winning television producer and former Executive Vice-President and General Manager of a major CBS television affiliate. STOCK NOTES: Major buying has started pending the completion of BingoTelevision.com going LIVE on August 2, 1999. The stock is INEXPENSIVE at approximately 0.06 per share. A volume-price breakout was experienced this week with over 7 Million shares being purchased on Wednesday. RISK Downside risk appears minimal with a tight Bid-Ask making the shares more liquid compared to other stocks. The float is much smaller compared to companies like International Internet (ININ). Some investors might have a problem with Triangle's roots of being a Broadcasting company originally targeting the gay and lesbian market. If this bothers you – DON'T PURCHASE – but this is not a factor in our picking eCommerce related stocks. REVENUE is WHAT REALLY MATTERS. POTENTIAL The stock has seen $0.40 last year, but we think this could be a minimal target. Another BINGO company was started this year (BIGG – www.bingo.com) and it is trading over $5.00 per share. BIGG does not do LIVE broadcasts, and we see this as a big PLUS for GAAY. Where would the stock be priced if a Large broadcasting company decided to buy their new state-of-the-art broadcasting facility? Please read the recent news on the profile of Dick Weiner to see the potential of this high-powered executive; we were impressed to say the least. Good discussions abound on www.RagingBull.com and www.clearstation.com. NEWSLETTER FINAL COMMENTS: Well, if you made it this far we would like to congratulate you since you probably HELD your net stocks through Mr. Greenspan's Inflation comments last Tuesday. We have been scared out of our net holdings twice in the past (December and March) due to FOMC meetings and Mr. Greenspan's comments. We decided to hang on this time since both prior times the market recovered quickly. Well, here we are again. Except, WE DIDN'T SELL AT THE BOTTOM this time . Good eCommerce Investing to all. www.geocities.com/WallStreet/District/7516/ Fri May 21 4:53pm