Littlefield Corporation (LTFD) Message Board

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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

0.0%

Sep 29 11:29 AM EST

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To: T.K. Allen who wrote (7103)	2/4/1998 9:10:00 PM
From: george eberting	Read Replies (2) of 10368

I haven't been saying much for a while but I've been reading every comment. I've pretty well concluded that with or without VGMs the Company is going to have a pretty hard row to hoe putting all that warrant money to active use in new bingo halls. The fact that we haven't heard more announcements tells me that they didn't have a good plan for the use of the money at the time they made the call. It looks like they decided to bank the money primarily for other reasons (e.g. to enhance the balance sheet to meet listing requirements). My guess is that it could take years to fully invest the money in new halls. And if that should turn out to be the case, then the EPS and share price is just going to piddle along as a result. JMO George E.

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