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Non-Tech : Littlefield Corporation (LTFD)
LTFD 0.1700.0%Sep 29 11:29 AM EST
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To: Citibob who wrote (8790)6/25/1998 12:56:00 PM
From: Ed Pettee  Read Replies (2) of 10368
 
I received a call from Andre Hilliou last night. He discussed the stock action yesterday and the efforts he and other Directors are taking in keeping the stock stable.He indicated that they were reviewing other jurisdictions for obtaining increased viable businesses . He certainly has wasted no time putting certain cost cutting actions into place. At first I couldn't figure out how we would save the 240k per year by closing the Austin office, until I realized that we actually moved into space we already owned in the Gold Strike operation in Columbia. Also there were 11 people in the Austin office with certain duplications that are also a savings.

Time will tell, but I can feel a change in the climate,attitude and personality of the company. I believe a year from now the company in Columbia will have little resemblance to the company as it was in Austin. I also had the chance to speak with Michael Mims , who will be at the same Bingo Conference and Exposition that I am attending in Orlando next week. I hope to talk to him next week about those subjects that he can discuss.

I have to say I was impressed by the CEO calling a stock holder and discussing the current pressure on the stock and the issues that will be addressed in moving the company forward. It does give you a sense of assurance that you know we are moving forward. So different from the last regime. I understand that there will be a number of announcements coming out early next week .

Long BINGO
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