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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI)
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To: Jerome Hay who wrote (744)11/23/1997 1:42:00 PM
From: Anthony Richards   of 4539
 
Jerome, I know that you didn't address your question about a $2.00 stock to me, but HR did not give you much of an answer. The numbers are simple. With the amount of shares this company has out they need to NET about $10,000,000 to be WORTH $2.00 on the stock market. That's an awful lot of machines to be installed. We are a long way off.

It definitly could get there sooner based on EARNINGS MOMENTUM if and when that starts. Example: AOL is a $70 stock, and is still not making profits. The stock market can often build incredible premiums into stock prices when they believe the potential is there. But in most cases that only happens to LISTED stocks. Institutions and BIG money don't buy BB stocks. Also, there is an incredible amount of overhead resistence in this stock. But that could be offset by a hugh short squeeze, so who really knows.

So, based on nothing more than FAIR VALUE, we need about $10,000,000 NET INCOME to be worth $2.00.

I think that $2.00 will make multi millionairs out of alot of us.

AR
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