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Black holes surrounded by a disk or torus may drive the enigmatic cosmological gamma-ray bursts (GRBs). Equivalence in poloidal topology to pulsar magnetospheres shows a high incidence of the black hole-luminosity L_H into the surrounding magnetized matter. We argue that this emission is re-radiated into gravitational waves at L_GW≃ L_H/3 in frequencies of order 1kHz, winds and, potentially, MeV neutrinos. The total energy budget and input to the GRB from baryon poor jets are expected to bedoi:10.1086/321731 fatcat:pqcxdegbt5axdng4ge4y5qtvxa