Thought I'd post this note from Lewis Taylor to Raging Bull TTLN page.
In answer to yours and others questions I have read on Raging Bull tonight,
here are some points for everyone to ponder:
1) The trading action today was disappointing but not collusive on the part
of insiders, market makers or anyone else. It was simply selling on the
part of disbelievers, and we are all heavily long stock. This is a good
area to average down.
2) The PR delay was created from a disagreement with Grant Thornton over
the wording of our original press release. It was unavoidable. In the end
the original release was dumped and then this release was written. Now the
plan is to release the 1Q99 with the Form 10SB (small business) IMMINENTLY.
3) The financial figures are audited; it was a poorly worded press release.
There will be no mistakes on the IBD announcement.
4) There have been several posters who have denied the legitimacy of the
company for several weeks, even months now. This release should remove all
question of that. Everything we have said is happening is coming out true,
and I do not know what more a small company can do to prove itself.
a) In 10 weeks we had 1/2 cent earnings.
b) We grew by more than 100% in 1Q99.
c) There is tremendous expected growth in 2Q99 (its not over yet -- go
Dallas, we're making money on you).
d) The extra 6 million shares creating a 48 million share float is the
remainder of the 14 million in dispute. It is frozen (cannot be traded)
until the matter is resolved.
e) Our company is (long-term) debt-free and our assets stand at over $40
million. Do an acid test on that.
f) You investors are sharp: The IGF meeting went well today regarding the
Dragon, the Chinese language is up and the slotsvegas sportsbook is
functional. The Dragon earnings will blow you all away.
g) Filings will not be available on EDGAR for 45 days. Anyone who wishes to
download press releases or financial information from our corporate website,
www.totalentertainmentinc.com, may do so as soon as it is ready in the next
day or so.
Listen to me: I have a very close eye on investor sentiment. We have no
intention of ever ignoring loyal and heavily invested shareholders like
yourself. I'd like to be able to answer all of your concerns at any time.
But you must understand that SNAFUs occur all the time that you do not hear
about. Today the problems have been perceived as world-ending, but I do not
think so. I believe people are bullish on TTLN, and the stock price will
verify that. Remember, I advocate long-term trading, and not playing the
short-term.
The strategy for the next few weeks is to use all our press releases for
maximum advantage. Total Entertainment has never had more potential than it
has now, and all who hold the stock stand to be richly rewarded. Stay long,
Chris, there are many good things to come.
Sincerely,
Lewis Taylor
TTLN Investor Relations |
