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

To: David W. Tucker who wrote (282)	12/5/1997 12:20:00 AM
From: C. Riley	Read Replies (1) \| Respond to of 441

From what I have read and seen myself on visits to V-land, there was a LARGE illegal market in the sense that every hotel and shop had its own machines. It was everywhere! It wasn't hidden in back rooms or little men on street corners with black books. The illegal gaming was right there, out in public view. There just were no real laws to regulate it. The recently enacted gaming laws in Venezuela were designed to stop the illegal gaming. The government wants its fair share of all this gaming. The new laws strictly limit who may have gaming to insure the government gets their share. Instead of everyone and their brother with slots, it will now be limited to a chosen few such as Noram/Lymca. When the Venezuelans go to the local shopping centers, the VLTs will be the only available machines. So instead of spreading the wealth among thousands of illegal mini casinos, it will be concentrated into the hands of the few regulated entities. We may call the people poor by our own standards, but I have read how Venezuelan school children will get money from their parents and spend it in the gaming machines hoping for a winfall. Instead of cigarettes and alcohol, maybe they'll pop it into a VLT. And whether or not they are buying all those cars with cash or credit, it still indicates there is substantial wealth to be spent. Those car sale increases are greater in Venezuela than in ANY other Latin American country. Let's remember that coins into a VLT is not a major purchase. It's what people do with every last bit of spare change they have after buying their groceries, school supplies, a snack, or whatever. EVERYONE has spare change and it only takes a second to drop it in a VLT and take a chance. It's the thrill of it. This is how I understand the situation.

To: David W. Tucker who wrote (282)	12/5/1997 8:05:00 AM
From: ArtieM	Read Replies (1) \| Respond to of 441

Dave, in my post did I say I was "suspicious, bothered, or irked"... All I asked you to do is explain why you would post something that the world already knows...third world countries have a majority of poor people. If you didn't HONESTLY know that South American countries, in general, have abject poverty then you must be living in a cave. As you didn't explain, I wasn't sure of your intended message to current or prospective shareholders by posting this "UN-NEWS" article...It could give the impression that the rich GRINGOS are trying to fleece the poor people of Venezuela...like a bunch of carpet baggers...or that these people may not have the money to play the VLT's and not be a profitable investment to make...or that it will take food out of the Venezuelans mouths and make them poorer... And you fail to give the real reason for Venezuela to allow these machines to operate in their country and that is to fund their medical insurance programs for the people...much easier than levying taxes on people and making them poorer that way... It looks to me that you are dropping bombs just to see what will happen...If you cherish your investment decision I don't see how this negative post will help you in a profitable way...but then again you say you are buying...