NRAG-NorAm Gaming-Winning The Battle Message Board

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Microcap & Penny Stocks : NRAG-NorAm Gaming-Winning The Battle

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To: Catawbakid who wrote (292)	12/6/1997 10:20:00 AM
From: ArtieM	of 441

There is no problem with the slots..Does anyone remember... That a news release was posted on Bobz or here after that of a Venezuelan news article saying that certain activities were on hold for them to allow the establishment of a Gov't Agency/Commission for the overseeing of the gambling activities in the country...licensing, collections, etc. I can't remember exactly where it was posted but I do remember reading it...does anyone else...along with waiting for them to be 100% ready for shipment... This also could significantly increase the installation time for the Slots...one other thing is that the expense of shipping, customs inspections, insurance, etc is a significant expense for Noram and I would have more of a warm feeling if Noram could pay cash for these expenses...A fledgling company like this is inherently cash poor and not wanting to be in debt, George may be holding up the slots until cash flow is assured from the VLT's...these are my speculations only...Remember on the slots we have no partner to share the costs just the profits... I think that we will just have to wait and see about those slots but I don't expect installation before the New Year...

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