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

To: Crabbe who wrote (5436)	12/11/1997 12:43:00 PM
From: SE	Read Replies (1) \| Respond to of 10368

How did you feel about my next year's estimate????? :) GO PACK GO! -Scott

To: Crabbe who wrote (5436)	12/16/1997 10:30:00 PM
From: SE	Read Replies (3) \| Respond to of 10368

TO RODNEY AND ALL: Why is BNGO a buy right now: 1. Earnings, earnings and more earnings. We have .33 on the books so far. My indications are that 4th quarter will be around .15. This is .48 per share and no sign of slowing down. Minimum next year will be .50 IF NO FURTHER ACQUISITIONS ARE COMPLETED. If we increase by 30% next year that is .64 per share. That would be very very respectable. 2. We will have around $1.60 per share in cash on the books after the call and will qualify for the NASDAQ NMS listing. 3. Darlington will be completed giving BNGO 700 VGM's which produce at least $6,000 profit per machine. There are other gaming deals being done in SC as we speak. The conference call indicated 2 deals that were almost complete, one we have found out to be Darlington. Another smaller deal is also being completed and I would think will be announced by year end. 4. Also mentioned were other deals, one in Mississippi for 3 halls and a couple of other deals. 5. There are 5 BNGO halls under construction. Don't know when these will be completed, but what does it take to get a BNGO hall completed. Should be on line end of first quarter I would think, probably sooner as the Nov Power Point presentation indicated 25 halls by year end. 6. ROE is +30%. 7. Institutions and professional money managers are aware of and looking at BNGO. 8. SC voters approve of VGM's. The only thing needed is better regulation. I look to BNGO to lead the charge in the SC political climate to clean up the industry and offer concrete ideas towards how regulation can improve and better service everyone involved. This will only help BNGO down the road. 9. The technicals, in my very amateurish opinion, have turned. I don't see us shooting straight for $9 per share, but I do see a reversal and a new trend starting. 10. The tone on the thread has quieted down. Much like the sign at the top when everyone was over-exuberant and BNGO was being mentioned across many threads, it has died down considerably. BNGO is hardly being mentioned anywhere except the BNGO thread. There are a few people still complaining about the warrant call and the resultant loss in equity to their individual accounts, but for the most part no one is extremely bullish and only a handful are cautiously bullish. Further, some of the last warrant holders are selling out now that the stock has started to reverse. This is the last sign. 11. Say what you will, company's management is rock solid. They have a vision. When company's management has a vision, a track record in place and now the money to continue the vision, guess what happens? The company does well. 12. The biggest concern right now is how well does management manage cash flows. They cannot, I repeat, cannot do deals just to do deals. I think this fact will come to light as we learn that not every deal is going to work. Some deals should not be brought to fruition and I believe management will do only deals that are long term beneficial to the company. The war chest is going to be full..don't blow it. 13. The second biggest concern is the SC political climate. As I understand SC politics there is little rhyme or reason to it. However, I do believe they will do what the voters desire and what their pocketbooks desire. Politicians need revenue and they enjoy the revenue generated by VGM's. As long as company's management stays in good with the politicians, this will be OK. My sources tell me that they are still in good with the political system. 14. Examine the MVSI chart. Examine the NIAG chart. (NIAG call ended December 9th I believe) All in all, this is a good investment. I feel for those of you that have succumbed to the unfortunate circumstances that got us where we are today. I am in this one for the long haul and in 12 months will be richly rewarded for my patience. For those of you who have lost, there still is time to revisit this stock if you can stomach it. No, I don't know where we will be at the end of the warrant call. No I don't know where we will be at the end of the year. I think I will on average still be down at the end of the year, but not by much. I think that by the end of March 1998 I will be profitable on all my BNGO shares, even if I do not average the shares. First there was Investor Associates. Second there was the warrant call. This has been a tough year for many, but now that we are free of these issues we are free to move forward. Yes, I already think I know when the next tough period will be. It will be when the restricted stock loses its restrictions. No, I don't now know when that will be. Let's get through the warrant call and get back to a respectable price level in the next few weeks and then we can discuss when the restricted shares become available for sale. Until then, I see clear sailing. Best wishes and as always, GO PACK GO! -Scott PS - Folks, I may be wrong. However, I have done as much phone calling and investigation as I know how to do. My analysis leads me to conclude that I am not wrong. Please, do your own analysis and research and don't rely on me. In fact, why doesn't everyone try to pick apart each point I made and let's discuss it. Why am I wrong? I challenge you.