Fallen Angels -Low Priced Stocks w Multi-Bagger Potential Message Board

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Microcap & Penny Stocks : Fallen Angels -Low Priced Stocks w Multi-Bagger Potential

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To: TallTrader who wrote (4)	2/6/2000 10:27:00 PM
From: Nittany Lion	Read Replies (1) of 58

B*NGO Previous high $10 back in '97, selling for $.75 now. $14.3 million total assets ($4 mil. cash), total liab. $1.8 mil., total equity $12.5 mil. Shares outstanding about 10 million. They have recently appealed their delisting on the Nasdaq Small Cap Market and will have an oral hearing soon. They are beginning to phase out their South Carolina video poker machines as the state has rendered them unlawful after 7/1/00 so there could be add'l writeoffs to reflect that situation although they took a large charge in Q4 of approx. $2 million to reduce the value of the machines accordingly. Turnaround is probably at least 1 year away but if you like insider buying, the new president has been buying a few shares on the open market recently: biz.yahoo.com Just a few. ;) Gary

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