Lake City Gaming: LCG-V Message Board

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Non-Tech : Lake City Gaming: LCG-V

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To: K. Anders who wrote (40)	12/5/1998 7:42:00 PM
From: David Michaud	Read Replies (1) of 124

I expect the company to issue a press release next week regarding additional short-term expansion plans. In addition, the Goepel McDermid brokerage report is expected to be released. I have heard that the report states a target price of at least $5 (1 year???-not sure of time frame yet). LCG's investor relations firm is also touring some B.C. interior brokerages to make them more aware of recent developments. The grand opening of the expanded Vernon casino at the Village Green Hotel is scheduled for December 15th. I will be in attendance and will pass on any comments following the event to subscribers. The stock has retraced about 50% of its latest rally which was about 35% from its low to high. This is a common pattern, nothing to be concerned about. The stock has since consolidated on low volume (with the exception of a 200,000 cross last week - this has some significance to expansion plans) in the $3.50-$3.60 range. This is a healthy trading pattern - note that we are not seeing a lot of selling from the IPO participants who are in at $1.50! (reprint from Grant @ BLSH )

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