HR, fair questions, and I'm not offended.
I am NOT in the Bingo industry, but I do follow it and the entire gaming industry very closely. Still own IGT (doing great). Also did good with BNGO & MGAM. Play the operators too... RIO, CIR, MIR. etc. Even got in on the Stratasphere Tower IPO. Flipped it the 1st day for 100% profit, I think it's in chapter 11 now.
Anyway, I'm in tune with this market because I do expensive research in my investments. AGTI was one of my 1st investments many yrs ago before I learned how to do any research. I just followed newsletter recommendations back then and lost my shirt. In fact, AGTI is the only newsletter recommendation that I still hold. I fell in love with the concept and always believed it would someday make me rich. I still believe in the concept... but not in current management. (I won't get into that again).
I have attended MANY bingo and gaming conferences and conventions to educate myself of all the players and products. I cannot give up my sources and contacts in answer to your questions (sorry) but you can trust that I will always post the facts and the truth as I learn it.
I was glad to read todays announcement about more installs, but....
(Don't get mad folks, we need to look at all sides)
I see very big contradictions between this news and news back in June.
11/04/97 "When all the current back-log of orders now being installed are operational, the Company will have in excess of 1,600 MAX
Bingo System units in the market".
06/11/97 "Currently, the company has 2,165 units either installed or backlogged in various geographic areas".
biz.yahoo.com
It sounds to me like we are going backwards, not forwards, unless one of these press releases is false, which scares me even more.
The company's own press releases seem to indicate that they are worse of now than they were 5 months ago. This bothers me alot because of managements track record about putting out misleading press releases.
Can anyone out there shed any light on this subject. Maybe I'm reading this wrong. HR, you seem to be in touch with them the most. Maybe you can post their explanation of this if you get a chance to ask them. (I personally don't contact them any more).
AR |
