Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ed Pettee who wrote (5695)	12/18/1997 9:46:00 AM
From: Musya	Respond to of 10368

Guys, look how quite the market is! The broker's deadlines passed, and majority sold (to MM to convert) or converted themselves. Apparently, we are having a successful warrant call. Musya

To: Ed Pettee who wrote (5695)	12/18/1997 11:09:00 AM
From: T.K. Allen	Read Replies (1) \| Respond to of 10368

Ed: To put this potential for $126,000,000 in revenue in perspective, consider the following: From SC Office of State Budget (http://www.state.sc.us/osb/faq3.htm): General Funds $4,673,907,531 Federal Funds $3,451,883,984 Other Funds $4,266,479,016 --------------- Total FY 97-98 Budget $12,392,270,531 For those of you not familiar with government budget terminology, it is the General Funds which are near and dear to politician hearts because this is their discretionary "play" money. Federal Funds and Other Funds are typically ear-marked for particular purposes so legislators have very little say over how that money is spent. Anyway, $120,000,000 in VGM revenue is about 2.5% of General Revenue. Perhaps more importantly, VGM revenue would be the 5th largest SINGLE source of revenue, ranking behind Income Tax, Retail Sales Tax, Individual Taxes, and Corporation Taxes. It would rank AHEAD of Alcoholic Beverage Taxes, Moter Vehicle Licenses, and Insurance taxes. Furthermore, this is a fast-growing source of revenue. Legislators get all misty-eyed over numbers like these. Check it out for yourself: lpitr.state.sc.us Remember, the SC General Assembly (legislature) convenes in JANUARY. TKA