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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 (298)	12/8/1997 5:46:00 PM
From: Catawbakid	Respond to of 441

Having no position in NRAG, my take on the conference call can be objective. Mr. Z comes across as a very sincere, forthright person. The lack of participation shows how difficult it is to generate any interest in the company until there are actual earnings. The explanantion for the delay in the slots is reasonable. A slight negative is that the slots will be installed in a "gaming facility" and not a full service casino. Obiously, the VLT project is on schedule with revenues expected to begin by the end of this year. My questions would have been: when is the next shipment of VLTs to be made and what is the status of the auto-caller project? No mention of the discussed purchase of the bingo supply firm in Vegas. All in all, nothing was said whcih should have given any long term holders of NRAG any cause for concern.

To: David W. Tucker who wrote (298)	12/8/1997 5:46:00 PM
From: STEVE G	Respond to of 441

David , I don't think many people tuned into the call because George was begging everyone to ask questions. I personally would have liked updates on all the other projects too!!! Yes there was some good news and some news of delays . Haven't we all experianced the same thing in business? IMO all is well for NRAG SteveG

To: David W. Tucker who wrote (298)	12/8/1997 5:48:00 PM
From: Carl Jackson	Read Replies (1) \| Respond to of 441

David, LMYCA is a Venezuelan company and although I understand your view, I don't really think there is the slightest chance that the Mandarin Casino will not be approved for a license. The new venezuelan gaming law is designed to regulate the gaming industry and establish legal gambling as a significant revenue source for government programs. The first two requirements for re-opening the casino/gaming facility (approval as a tourist areas and a local referendum) have both been approved for Mandarin and they have applied for the license. Venezuela wants the gaming industry so they can control and tax it. They have no interest in denying applications and the Mandarin has been around for a few years. Did you also notice the limited reference to a second potential JV between Noram and the Mandarin?