Replies to post #18265 on Angel Acquisition Corp (fka AGEL)

[zigzagman]

$AGEL ~ Angel Acquisition Corp Continues Development of Angels In Action:

Press Release Source: Angel Acquisition On Friday June 3, 2011, 5:30 pm EDT

http://finance.yahoo.com/news/Angel-Acquisition-Corp-iw-3213638851.html?x=0&.v=1

CARSON CITY, NV--(Marketwire - 06/03/11) - Angel Acquisition Corp (Pinksheets: AGEL) announced today that Gate Global Impact, LLC (http://www.gateimpact.com) has increased their involvement and participation in Angels In Action (http://www.angelsinaction.tv). The Company is working on strategic improvements of the AIA platform and a roll-out plan.

The Company will update its shareholders on a regular basis as its partnership with Gate Impact enhances and accelerates its capabilities to penetrate and deliver good via its micro-lending efforts specifically targeting US Based entrepreneurs.

Angels in Action brings together entrepreneurs and investors in underserved markets in the United States. AIA provides an opportunity to help America fill the financial void that has not been adequately addressed by the U.S. banking system.

About GATE Global Impact, LLC

Gate Global Impact, LLC is the impact investing-focused subsidiary of GATE Technologies, LLC. Launched in 2011, GATE Impact provides market infrastructure and related services for the emerging impact investment and banking industries -- public and private investments with a sustainable social and/or environmental component that also generate a healthy rate of financial return. (http://www.gateimpact.com)

[cappyb]

GATE is exchanging their "units" for AGEL common stock per the 10-Q, section titled NOTE 14 – SIGNIFICANT EVENTS.

The Gate Technologies units will be exchanged for the Company’s common stock, each quarter, over a three year period to begin no later the September 30, 2011.

I read this as they are purchasing common shares of AGEL, since AIA is a subsidiary of AGEL and has no "common stock". At today's face value, this actually amounts to 4.8 BILLION shares ($600,000 worth of units @ .0001) So in a three year period, GATE will own 60% of the outstanding shares of AGEL.

This small little sentence is KEY IMO, and why I have so many frickin shares :p

Go AGEL.

[crazyjerry]

How does that affect our shares, the PPS, etc?