Multimedia Games Inc. (MGAM) Message Board

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Non-Tech : Multimedia Games Inc. (MGAM)

MGAM 0.122

-0.8%

Nov 5 11:48 AM EST

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To: Craig Stevenson who wrote (24)	1/14/1997 9:01:00 AM
From: Michael Klein	of 197

I want to know what the real prospects for this company are. Each time I speak to a person locally who seems to be following the company, I hear alot of speculation with limited substance. For the past 6 months, the company appears to be in a perpetual quiet period - waiting until this, that, or the other thing to be completed before they can announce anything. The most recent was a private placement that was going to give them the money to install 1000 (I think) Mega-Mania playstations at some Indian Reservations. I understand the warrants part of the financing when they are exercised would allow the company to install more of the playstations. So far, I have not heard if the stations even exist. More importantly, these playstations can produce (I am told) substantial cash flow - something on the order of $10 per machine per day back to the company. Have you heard anything like this? If this is such a great opportunity, how come the stock only has a dozen trades on a good day. With 10 market makers, each is making less than 1 trade per day. Does this make sense. Just blowin' off some steam and am curious if what I have been told matches anything you have picked up. Thanks.

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