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Non-Tech : Multimedia Games Inc. (MGAM)

MGAM 0.123

0.0%

Nov 4 3:38 PM EST

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To: Jack A. Berg who wrote (124)	3/20/1997 8:51:00 PM
From: Craig Stevenson	of 197

Jack, I'm a LOT more conservative than you are. <g> I think we should get above $12.00, simply because there is incentive in the private placement documents to do so. The wording says that the stock price must close above $12.00 for 20 consecutive trading days to trigger the warrant excercise. (Better read that for yourself, as I'm going from memory here.) As far as a long-term target, I don't know. So much depends on what the earnings look like. If they could earn $1.00/share, we could be looking at $15-20. I sold a few shares yesterday, and I'll probably sell a few more tomorrow to pay some of my bills. (And ANCR losses. <g>) Craig

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