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

To: Catawbakid who wrote (292)	12/6/1997 1:50:00 AM
From: C. Riley	Read Replies (1) \| Respond to of 441

Hold on... in MRBIGAIR's (Jeff's) defense, he has stated the exact words "there have been no significant changes" with regards to the slots. He is very limited in what he can openly post on BOBZ, but if you read his posts very carefully, you can learn a lot - often more than he intended to say! Without MRBIGAIR, we'd all sit around for weeks or months just waiting for press releases. Would you prefer that?? I don't think so. It's reassuring to know there's someone out there who is so involved and so available as MRBIGAIR. Also, I picked up the following post by "BUBBA" from BOBZ as it seems relevant: MRBIGAIR posted on BOBZ about two weeks ago that he had personally seen the shiny slot machines at the factory and that the remaining slots were being readied for testing. Now, I have inquired about these specific issues and the following is my understanding of the matter. I have read every post on SI and BOBZ and done my own research as best I can. So, with that in mind... From Noram's own mouth, they figure the lottery to be worth tens of millions whereas the slots were hundreds of thousands. Further, the slots were designated for a single casino, not widespread public access as with the VLTs. This is why the VLTs are of much greater importance. In my opinion, Noram has many projects underway and has considered whether or not the slots are of immediate need to the casino, the fact that the exact date the slots are readied is beyond Noram's control, and the relative importance of the slots vs. the successful establishment of the lottery. It would be reasonable that the VLTs be NOW and the slots follow shortly rather than the other way around. If you check, the VLTs themselves were to have originally been in place weeks ago. The fact that the slots are delayed is no different. As Jeff says, some things are beyond Noram's control and some things just are of greater importance. Nothing has changed - the slots are still going.

To: Catawbakid who wrote (292)	12/6/1997 10:20:00 AM
From: ArtieM	Respond to of 441

There is no problem with the slots..Does anyone remember... That a news release was posted on Bobz or here after that of a Venezuelan news article saying that certain activities were on hold for them to allow the establishment of a Gov't Agency/Commission for the overseeing of the gambling activities in the country...licensing, collections, etc. I can't remember exactly where it was posted but I do remember reading it...does anyone else...along with waiting for them to be 100% ready for shipment... This also could significantly increase the installation time for the Slots...one other thing is that the expense of shipping, customs inspections, insurance, etc is a significant expense for Noram and I would have more of a warm feeling if Noram could pay cash for these expenses...A fledgling company like this is inherently cash poor and not wanting to be in debt, George may be holding up the slots until cash flow is assured from the VLT's...these are my speculations only...Remember on the slots we have no partner to share the costs just the profits... I think that we will just have to wait and see about those slots but I don't expect installation before the New Year...