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Microcap & Penny Stocks : NRAG-NorAm Gaming-Winning The Battle -- Ignore unavailable to you. Want to Upgrade?


To: Wayne R who wrote (167)11/15/1997 11:23:00 PM
From: David W. Tucker  Read Replies (1) | Respond to of 441
 
My early guess is April 20th, but intervening news might change that.

I am using this time to accumulate shares. I suspect though that the company is trying to pump up the share price so they can put out more shares. It should be easy to do with signed contracts and business in place. The recent projection by the company is a bold move. It's great as long as everything really happens. I'm sure they are surprised the price isn't higher, but there are too many seasoned traders and investors out there. As long as they focus on their work, the price will move up when the earnings show up on the bottom line as filed with the SEC.

As for something else. I expect to hear some news on those slot machines soon. I think they will make them a lot more than $750K annually. Are the slots still on schedule? They should be on site and on-line within the next 15 days or so. I really think the slots are a hidden gem for this company.

As I've stated here before, an average 25 cent slot in Vegas earns $300 per day. I'm not sure how well they will do in V-land, but I don't see them being a dud for sure.

$300 X 150 = 45,000 per day times 356days = 16mil times 60% ?

This "aggressive" projection is a whole lot more than $750K.

Anyway, just some thoughts...

dave