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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: Crabbe who wrote (5372)	12/10/1997 11:32:00 AM
From: Dan Doughty	Read Replies (1) \| Respond to of 10368

Isn't it great to be in a non-technology stock that is not dependent on the Asian market! I plan to exercise as many of my warrants as possible (even the ones I bought at $3). I guess some people might consider this stupid (not taking the tax loss on my warrants and buying the stock at 5 13/16), but I refuse to sell to some MM trying to intimidate me! I agree with the experts on this thread that the company fundamentals are fine, and the stock price will be above $8 early to mid year `98. -Dan P.S. The idea of installing one's warrants on the toilet paper roll was very funny, definitely a LOL!

To: Crabbe who wrote (5372)	12/10/1997 11:32:00 AM
From: SE	Read Replies (1) \| Respond to of 10368

Found this article. Probably why we are a bit weak this morning.... GO PACK GO! -Scott ----------------- Texas & Southwest summaries Slots hurting charity bingo, state panel told 12/10/97 By George Kuempel / The Dallas Morning News AUSTIN - The proliferation of Las Vegas-style gambling machines is taking a big chunk out of charitable bingo proceeds, a task force on illegal gambling was told Tuesday. Mike Pitcock, chief of enforcement for the Texas Lottery Commission, said the machines - which look and play like casino slots - are forcing some charitable groups to give up bingo. "One lady said that if something isn't done about the machines, bingo is on the way out," Mr. Pitcock testified. Gov. George W. Bush appointed the panel to recommend legislation to crack down on the machines after his own proposal to curb them was killed in an end-of-session filibuster last year. The panel will report to the governor by May 1. It is made up of legislators, prosecutors, gambling foes and representatives of the state lottery and Texas Department of Public Safety. The lottery commission, which oversees the game, prohibits any other types of gambling in halls where charity bingo is being played. Mr. Pitcock said bingo hall operators are circumventing state law by installing the machines in special rooms inside or adjacent to the halls to attract bingo players. As a result, bingo proceeds have fallen 20 percent to 30 percent and some charities are talking about giving up the games, he said. The charitable groups that rent the halls get none of the money from the gambling machines. And if they complain, they are told to take their games elsewhere, Mr. Pitcock said. The machines, he said, are so profitable that some lottery retailers are moving out merchandise to make room more of them. Under the law, so-called eight liners, video poker and other gambling machines can offer only noncash prizes of $5 or 10 times the cost of the play, whichever is less. But witnesses told the panel Tuesday that many operators are slipping winners cash under the counter or paying out in gift certificates worth hundreds of dollars. W. Clay Abbott, Lubbock County deputy criminal district attorney, said a special task force has been set up to try to halt the flood of machines into West Texas. Since May, nine businesses advertising themselves as casinos have opened in Lubbock, Mr. Abbott said. Nearby Leveland, with a population of only 20,000, has three such casinos. One Lubbock casino, the Golden Bonanza, has 75 to 80 machines, Mr. Abbott said. Each machine can bring in $1,500 a week, he said. "The big trend in West Texas is opening small casinos," he said. Waitresses serve players tea, soft drinks and popcorn, making it "very much a casino-type atmosphere." "This is out of control, and we need to do something immediately," Mr. Abbott said. Drew Durham, deputy state attorney general for criminal justice, said the state should pool its resources and attack the problem now rather than wait for the Legislature to reconvene in 1999. He proposed a special task force be created and made up of two seasoned prosecutors, four investigators and a financial expert and assigned full time to putting illegal operators out of business. DPS lawyer David Boatright said state law has made it difficult to pull the plug on the illegal machines. "Texas gambling laws are complicated, confused and ambiguous. These are anathema to prosecutors." he said.

To: Crabbe who wrote (5372)	12/10/1997 10:43:00 PM
From: SE	Read Replies (1) \| Respond to of 10368

Rodney, I thought I had printed out your last earnings estimate, but I cannot find it anywhere. I scanned for the post quickly, but did not find it. I finished my 4th quarter estimate tonight and without getting into all the details I assumed that the company will complete the Darlington acquistion. I don't know what the average number of shares outstanding will be. Is it figured on a weighted average number of days outstanding, or will all the warrant shares be considered dilutive since they were "in the money" or "callable." Anyway, I used the full 10,000,000 shares. My final tally shows $.14 per share for the fourth quarter. I don't know what we will hit for total for the year as although I folded Darlington into my fourth quarter estimate, I did not go back and fold into prior quarters...and yes, I paid taxes in the fourth quarter! Interestingly enough, I did some quick and dirty estimates for 1998 based on the hoped for 1,000 VGM's and the 40 bingo centers the company hopes to own in 1998 and I come to a per share earnings of $.86 per share. Not bad! :) Obviously that number is not real set in stone. It will be interesting to see what the analyst Robert Kecseg comes up with. I will let you all know as soon as I do. GO PACK GO! -Scott