To: Frank Fontaine who wrote (883 ) 12/10/1997 12:19:00 PM From: Jerome Hay Respond to of 4539
HI ALL! boy all you guys (and gals) have been uncharacteristically quiet lately!! what's up? anyway let me leave you a "Real" post here unlike Frank's posts which are either trite ramblings of nothingness or he sends stories that we all have probably seen hours earlier! sorry frank, but i have lost my respect for your thoughts a while back.. most times now i simply pass over your comments because i kind of know they won't have any substance and probably will be talking about private issues which i COULD CARE LESS ABOUT!! Anyway, enough of silly frank and his simplistic views.... i called agti the other day and i spoke to mr. Little..he was taking all calls that Mr. Sargent normally takes. Mr. Sargent is not in this week. Here is my impression of the conversation as well as the highlights: First off, i want to say that i felt Mr. Little was sincere and honest with his statements and his answers to my questions. We spoke for quite some time and he was very informative.. he mentioned that the Sega connection was still alive and well. He also told me that this joint venture potential partner was not the major financing referred to in the previous story about management change. Mr. Little did convince me of the importance of the Branson Missouri joint venture. It will make Agti much more liquid and it will eliminate loans on a non core asset as well as possibly giving Agti an equity position in an asset that will be developed. I personally see this as VERY GOOD! As far as who the new management will be or any details about it, he could not really tell me.. but if it is what i summize it to possibly be.. well, it would be VERY, VERY GOOD! The bottom line: it seems that Agti is in a state of change and uncertainty.. It would make sense that the stock price would reflect this uncertainty as wall street hates "uncertainty"! BUT... it seems to me from talking to Mr. Little, that this change is not only good but very needed to bring back investor confidence.. IF... and of course in all investing situations, the word "IF" is a huge, huge word!, if Agti accomplishes the transitions that they seem to be going after, all investor's will be rewarded quite well. The company obviously has the product, has the beginning market penetration, and now has the courage to shake things up to move ahead to profitability.. perhaps at this stage, we investors, are, in fact being given all we can be given right now. I for one feel that this company is positioned well enough and has an air of sincerity at this point. By all standards, we should be buying more at these levels...but hey! it's always a risk... as we all know..If management is reading this, let me say. You guys have alot of longer time investors, like myself, who have stuck in there through the "leaner times".. MAKE US PROUD TO HAVE DONE THAT!