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Non-Tech : LVEN:NASDAQ--Las Vegas Entertainment Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (54)	10/12/1999 6:56:00 PM
From: Janice Shell	Read Replies (2) \| Respond to of 228

Note also that in both cases we have "investors" who're supposedly willing to buy stock priced vastly above market value...

To: Q. who wrote (54)	10/13/1999 4:57:00 AM
From: RockyBalboa	Respond to of 228

LVEN: Why doesn't the Nasdaq halt the stock and demand additional information. It can not be in public interest to let trade it, while so many important variables are yet unknown, hence the terminal value of LVEN, if unzero, is impossible to determine based upon the given information. The value of LVEN without additional funding is zero, as liabilities far exceed the assets. #reply-11486789

To: Q. who wrote (54)	10/13/1999 5:10:00 AM
From: RockyBalboa	Respond to of 228

LVEN's press releases haven't exactly been models of the full disclosure SEC regulators like to see. On July 6 and 15, for example, Goldberg announced that the company had issued 3 million shares of stock "at $101.60 a share for total equity of $305 million." Even if that is true, it is possible to issue these 3MM as preferred shares with variable / unspecified conversion rights. ... __________________________________________________________ A checkered past: LVEN's history includes the purchase and subsequent sale of the El Rancho hotel-casino on the Strip. LVEN bought the closed and run-down property in 1993 for $36.5 million and sold it to International Thoroughbred Breeders in 1996 for $43.5 million. The sale price included $12.5 million cash and $17 million of promissory notes, plus ITB's assumption of $10.5 million of El Rancho debt. In May 1997, LVEN converted $11.6 million of interest and principal on the promissory notes into 2.1 million ITB shares. But four months later, some ITB directors sued to rescind the conversion. LVEN returned the ITB stock and got the right to try to find a new buyer for the El Rancho. If it sold the property for ITB by last April, LVEN would have received any net proceeds in excess of a $44.6 million purchase price. It hasn't made a sale yet.