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Non-Tech : Northern Gaming (NGAM OTC TSE, NTGMF OTC BB)

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To: pete meyer who wrote (49)3/12/1997 6:58:00 PM
From: Grant Dawson   of 90
 
Pete;

As I see it the current Bid is .52 and the current Ask is .60 US on the Bulletin Board. At $1.35 Canadian that's .62 and .81 CAN. Which really isn't that far off what its trading at OTC in T.O. I'm a bit disappointed at this point as this isn't exactly what I considered to be a NASDAQ listing. I'm certainly not complaining about the price going up on high volume; however what was discussed last fall was that the shares would be split 1 for 4 and would attempt to get their shares listed on the NASDAQ. (Not the Bulletin Board) I'm comming off as the devil's advocate here; I really like the prospects but I haven't seen much of what the company said they were planning. Perhaps other investors feel the same way.
I saw the 2-3 month range prediction promoted by SFT. Mark (the usually way way way off eternal optimist) said himself that this is based on earnings. These are speculative shares of venture capital quality; a good return on this quality of stock is 40% over the long term. (I think this is being kind to the Company as; if they could get venture capital they probably would have) The earnings estimate I saw was .25 per share which would put it in the .60 range in my books, there must be more to come. Do you follow Nova Growth as well?

Grant
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