Advance Gaming Technologies Inc. (AGTI) Message Board

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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI)

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To: Hardrocker who wrote (1332)	3/4/1998 10:23:00 AM
From: whynot	Read Replies (2) of 4539

Hardrocker - The news (if it qualifies as news) will be out shortly, although we may be off a couple days (I doubt it). FYI - Branson properties are encumbered (AGTI took loans against it at least 1 for 1 under Silzer). If and when they sell it (hotel going up next to their land) there is not going to be a whole lot left over. Stock buyback is not feasible now....no cash. Company needs capital to take advantage of "deals" they have in pipeline. Their business model is capital intensive on the front in...but once units are on line its great. They need to finance that front end at a reasonable cost in order to build out their infrastructure. That is their challenge. With 100 million shares outstanding (they can't issue any more per their charter), the equity financing option is out. They don't need a homerun, just a few singles (positive cash flow that they can borrow against) and then it will be like a snowball going down a hill. Nieman is a great operator; knows the business and happens to know the people in Sega and the industry very well.

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