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

To: Janice Shell who wrote (78)	10/15/1999 1:00:00 PM
From: Alan Woinski	Respond to of 228

One point that everyone is missing here is that even if the Bank of Indonesia and U.S. Guarantee or the Cruz family are for real, LVEN cannot do anything with that money in Nevada unless they get licensed. The Nevada regulators are the toughest in the nation and first of all, they look at the stability of the companies finances over 5 years before they start their other work. Then they look at the insiders, then they look at the financing source. It normally takes 1 year for an average company to be licensed. If you have any foreign investors, foreign financing or anything else, it can be held up for years. Usually the regulators start their investigation after they get paid $100,000. The minute they find stuff they don't like, they nicely tell the company that they may want to re-consider their license application. LVEN has a lot of hurdles to cross for a licensing application and I doubt if any Jackpot investor will want to wait 2 years to be paid off. Of course I may be wrong and LVEN could be clean and pure, the Bank of Indonesia and US Guarantee and the Cruz family may very well already be licensed. However, I doubt it.