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Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo -- Ignore unavailable to you. Want to Upgrade?

To: Silicon Trader who wrote (7505)	9/22/2000 9:56:46 PM
From: David W. Tucker	Read Replies (3) \| Respond to of 7701

Csurgo has placed several promised deadlines into the recent press release. Let's see if he follows the same path that Zilba did for all those years. Based on the PR, a whole lot should happen in coming weeks. If it doesn't, then credibility is in question once again. I do appreciate Csurgo's attempt to spell out the direction the company is taking. They appear to have sat down and developed a business plan. However, since they have no cash on hand, I can't see how they can accomplish any of these goals. They seem content in issuing more shares if needed. They continue to invent money at the expense of shareholders, but at this point it may be the only way out. Any outside investor will insist on gaining some ownership of the company. Again, it will take an overwhelming influence to move this stock, as evidenced by recent trading in response to these wonderful PR's. Global Net seems to be dying quickly. Csurgo left and the company is folding fast, as far as I can tell. I have to keep this in mind as we go forward with this new NORE. I just got back from four days in Atlantic City. Spent most of my time at the Hilton. Vegas continues to be much better than AC, but AC is improving quite a bit IMO. Of interest, I noted that all the casinos have finally installed all the new slot games in great numbers (Wheel of Fortune, Elvis, etc), but the players in AC are overwhelmingly over-65. Therefore, they are sticking to games that are easy to understand. IMO, the new video-style games are way too complicated and they are being avoided. Hundreds of these new machines are sitting still. All the classics are being played constantly (Red-White-&-Blue, Wild Cherries, Bars & Stars, Diamonds, etc). Why do they try to reinvent the wheel??? It's also quite noticeable that the minimums for all the table games are much higher in AC than in Vegas. You have to walk your legs off to find a $5 minimum craps or blackjack table. Craps start at $10 and most blackjack tables are $25. I'm not usually in the mood to start my gambling at such a high rate. This is the slowest part of the season and they continue to keep the limits high. I don't get it. Only 40% of the tables are in use this time of year. Very little bingo-like games in AC. The casinos in AC live on the bus loads, especially this time of year. The buses start arriving at 7am and they leave at 4pm. Hundreds of buses each and every day, all populated by retirees. The evenings are pretty darn quite...much different from Vegas. It still amazes me how so many shut-ins will venture out of the home to troll around the casinos so they can donate their hard-earned retirement funds to Atlantic City. I never heard anyone talk about winning at the slots. The payout at AC is between 90% and 94%. They know just how long to have the bus people stay around. Just when they are running out of cash it's time to go home. I'm training to run a marithon and it was fun to run the flat wooden boardwalk there. It's over 12 miles long and extends south into Ventnor City. The worker bees in AC are not anywhere close to as friendly as they are in Vegas. In Las Vegas they make you feel like the most important person in the place. In AC, you are bothering them. I think the Hilton and Sheridan are at Vegas level for how they treat people. All the others are meat markets, even the Trump locations. AC is 3 1/2 hours away from my home, so it's worth it if I want to take care of a gambling fix, but I recommend Vegas or Reno. Now are we supposed to believe that Noram is going to somehow break into gaming markets elsewhere? In Sounth America? My understanding is that there are dozens of other companies trying to do the same thing. How can Noram make it? The end. dave