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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Joe Copia who wrote (53915)7/10/2000 9:38:33 AM
From: TallTrader  Read Replies (1) of 150070
 
SBID they will have the cash if this transaction goes through.

From the 3/31/2000 10Q:

Management of it's wholly owned subsidiary (SBI Communications, Inc. of
Alabama) has a signed purchase agreement with The Brindlee Mountain
Castle Corporation of Arab, Alabama to purchase the Piedmont property for
$6,000,000.00. The sale of this property should be closed with-in the
next thirty days with net proceeds of $3,940,000.
Management is also working in the panhandle of North West Florida area and
believes that the local charity Bingo market is more hospitable in this area
of Florida, rather than northeast Alabama. The company plans to open a
facilities in the SoutheastFlorida and Maryland area to lease to local
charities to conduct bingo games.
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