International Lottery and Totalizator Systems (ITSI) Message Board

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Non-Tech : International Lottery and Totalizator Systems (ITSI)

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To: John D. Morrison who wrote (40)	9/13/1997 4:19:00 PM
From: shawn a. becker	of 160

John this stock is very cheap at this level and has nowhere to go but up.Everyone knew the 3rd qt was going to be weak because there were no announcements made in the 2nd qt of any contracts . The street wants to see something significant from them. THey are working on many significant contract anyone of which could hit any day. I think SO. Africa will be the first one to go ,they have already approved gaming so lotteries should be shoe in to pass . The bill has already been approved by one comittee and just has to go threw one more which could happen anyday.Just the passage of the lotto bill will send ITSI to at least 4$. They already have an office set up down there and have a person down there coordinating with local entities to set up the group needed to run a major lotto. The initial order could be as much as 25mill and could grow from there.The new ceo has been traveling visiting exsisting clients building strong relationships and looking for new buisiness and has been out of the country recently.I think there business is about ready to explode from all the ground work they have been doing. They got a fax from an exsisting client the friday before labor day and had a guy on a plane the next tuesday after that. That will probably be a quick turn around and could be fairly significant.This company has to many things going on to try and play a 3/4 of a point range . buy the stock between 1 1/4 and 2 adding to your position as much as possible at the lower end of the range . At some point soon there is going to be some major news and the stock will open a point higher and everyone will wonder what to do . buy it now so you dont have to make that decision. There is a buyer at this 1 1/4 level ,i have heard that 5 or 6 investors have accumulated in excess of 2mill share and are planning on buying more so the stock will become very tight so any news will send it threw the roof.They may even band together and go for some seats on the board and force themm to do something to enhance shareholder value. I have also heard that ITSI is getting Quite a few offers of people wanting to buy a peice of the company .They wouldnt be doing this unless the saw some potential for new Business. I believe that the whole group is turning up and there is going to be a glut of new biz for everyone . their is alot of insider buying going on and no sellig. I have also heard that DLJ is getting ready to write a major report on the undervalued looto biz and its potential. The company has a strong bal. sheet and good mannagement they just need a spark to put them on the map.With there largest shareholder owning the stock at 5.5 i think he would have a vested intrest in getting the stock price higher.Bottom line is the stock is cheap here and should be accumulated . I have followed ITSI for 6yrs and have developed a feel for the trading activity. this stock is ready to go. Dont be sore buy some more this one is a sleeper waiting to explode . Good Luck LIQUIDFORS

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