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Non-Tech : Littlefield Corporation (LTFD)
LTFD 0.1700.0%Sep 29 11:29 AM EST
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To: Gary K. Best who wrote (5783)12/21/1997 10:25:00 AM
From: T.K. Allen  Read Replies (1) of 10368
 
Gary: I am curious about your statement, "I also think there has been some artificial support to keep the stock above $5." Who, in your opinion, has been providing this support and how do they stand to profit from it? BNGO management? MMs? Arbs? Somebody else?

I can see how BNGO management would benefit from supporting the stock price during the warrant call. There have been several individuals asking the company to do just that. However, if memory serves, BNGO has stated they will not intervene in the market.

I have to disagree with your statement, "The fact of the matter is, most of the people who are convinced of the long term prospects for BNGO have already bought and have bought a lot in many cases." Although I agree there are many who have already bought (I am one), I suspect there are a number of individuals who decided to wait until after the warrant call to decide whether or not to buy. In addition, there are always people out there looking for good stocks to buy and the right time to buy them. I see nothing but positive developments for BNGO over the next few months. South Carolina's decision on how big a tax bite they're going to take is the only negative I see.

TKA
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