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Non-Tech : LVEN:NASDAQ--Las Vegas Entertainment Inc.

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To: Jeffrey S. Mitchell who wrote (114)	10/21/1999 8:16:00 AM
From: tonto	of 228

Jeff, obviously someone knows how to doctor the books. Despite the above numbers, CWC filed no tax return because they had "no earnings to report." Despite having no earnings to report, they somehow claimed they were in the process of taking over the Maxim casino, just like they claimed they tried to take over Stratosphere, and just like they recently claimed they were taking over Jackpot. In fact, it was pointed out in the court documents that even eight months after filing this they could produce no evidence that they had ever even made an offer to Maxim, although in the first filing they were "just completing the acquisition" of Maxim. Note also that the above numbers were labeled "as of 1996", in other words as real dollars, but they were actually pro forma-- what they hoped to do in some future year. And, in their filings, they indicated that they operated 39 mines, even though there were no revenues and no expenses from mining operations (or any other operations). There is no evidence that they have ever had a Life Extension Membership purchased from anyone.

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