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Non-Tech : Sungold Gaming International (SGGNF)

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To: John Lawrence who wrote (1946)3/28/1998 12:17:00 PM
From: Mike H  Read Replies (1) of 5164
 
John and others,

I have been into Sungold since May of 95. It has been a long road thus far with little to show. And while the brass ring seems so close I fear that it is actually still out of reach.

I had been hopeful that construction of one of the projects would have begun this summer. However, this does not appear to be the case. From the information that I have gathered, and my own experience in the development and construction businesses it appears to me that we will not see any construction this year.

While it may appear I am negative at this point, I assure you that I am still very much positive on Sungold. And, I would love to be wrong on my assessment of the construction start ups but if I am not I hope people can hold up a little longer. I believe the brass ring will not come around again until spring 99 but I do believe it will come. I also hope that as time marches on towards next spring we will see share value increase.

So, fellow shareholders, hang in and hang tough. Sungold has a very solid management team and fantastic plans in the works. It just may take a bit more time.

Sincerely,

Mike H
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