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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

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Sep 29 11:29 AM EST

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To: Richard Babusek who wrote (6146)	1/2/1998 2:05:00 PM
From: Market Tracker	Read Replies (3) of 10368

- An Obituary for BNGOW - Management needed money, and the warrants provided the fastest and cheapest way of obtaining the needed funds. The timing of the whole call was such that the company could show the $$ on the balance sheet and 10-K for the FY ended 12/31/97. With the future always uncertain, management chose to do it sooner rather than later, ...a bird in the hand.... The call of the warrants would have been just as painful if it had happened today or in 11 months. The short sellers would have played this game out whenever the call occurred, as it is a game with which they are very familiar. I hope Mike Fearnow will get a chance to get in touch with Rod over the weekend, and inform the thread of the results of the call. Our concern continues to grow. Gary

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