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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 (48)	1/22/1997 12:01:00 PM
From: Michael Klein	of 197

A touch of irony. I am a systems analyst. My primary work is computer application and support for mainframe business solutions. Am attempting to branch out into newer technologies on PC's and NET. Been at the mainframe game for 16 years. I have been MGAM shareholder since the IPO 4 years ago. It was a best efforts deal by a Minneapolis investment banker. I know a few people who were part of a private placement that was completed before the IPO and that's how I found out about it. I have been through thick and thin with this deal and keep waiting for a price breakout that will give me a decent return for the risk/time I have invested. My thoughts on prospects...I have heard so many things over the years that I find it difficult to separate the facts from the baloney and vapor. I have told people about my calls to certain individuals who deliver to me the facts and what I have started referring to as the current "lies of the day, week, month" (take your pick). Anyway, I think the company is starting to roll fast. Revenues are moving up and profits can't be far behind. I am starting to see things in print which months ago I thought were vapor so that's good. If some of the other vapor things I am hearing become fact as well, we are in for a very big and profitable ride. I don't know what price I am looking for, $3 looked good when the stock was $2.50 and I was holding a loss. $5 looked good because it was near break even and I needed the money. $6.00 looks good because I might make a few pennies. I think you can see where I am going, if the price moves quick and levels off for a few days at a level that provides a decent return, I'm done. Just have to wait and see.

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