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Non-Tech : Sungold Gaming International (SGGNF)
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To: John Lawrence who wrote (1857)2/26/1998 6:20:00 PM
From: TMAZZ  Read Replies (1) of 5164
 
Hi John!

Wouldn't it make sense if Sungold annouced that its Board of Directors has unanimously authorized corporate management to initiate a buy-back of up to 1 Million shares of common stock through a Repurchase Program.

The buy-back of the Company's common stock would reduce the public float, and would equal nearly 10% of the total outstanding shares.
This would give a strong indication of the Company's confidence in the current growth-through-its projects.

Also the company would be able to take advantage of the greatly under-valued market price of Sungold shares. This would allow Sungold to sharply increase their financial strength as the projects come to term and hopefully advance SGGNF on to the Nasdaq small capital stock.

If the company were to look at their projected growth for 1998, this re-purchase of common stock would be a tremendous bargain.

Any thoughts??
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