Lake City Gaming: LCG-V Message Board

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Non-Tech : Lake City Gaming: LCG-V

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To: cash money who wrote (72)	1/29/1999 10:58:00 AM
From: Jerrold Annett	Read Replies (1) of 124

We should know as early as today and as late as next week what unfolded during LCG's executive visit to Las Vegas which took place over the past 2 days. Meetings with two U.S. Casino Giants interested in buying out Fred Glasgow's 70% share of LCG took place. These companies want to crack the virgin market of British Columbia. LCG has 3 casinos in the Okanagan with a fourth in the final stages of approval. Bids are rumoured to be in excess of $5.00 per share and could be as high as $6 to $7. What would happen to the share value of the roughly 4 million shares in the public float when the deal goes through? I am betting on greater than $8 and wouldn't be surprised to see it crack $10 in the very short term. After the deal is anounced we will see a doubling of the share price of LCG. Not bad since this could all be anounced as early as today..........probably early next week.

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