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

To: Nittany Lion who wrote (5768)	12/19/1997 9:37:00 PM
From: mark cox	Read Replies (4) \| Respond to of 10368

Guess what? BNGO now owns Darlington Music company and it cost the original 1 million shares. BNGO just now released an 8K for the acquisition of Darlington. I will copy a part that is interesting. Remember how everyone was wondering if it would cost more than the 1 million shares because BNGO's price went down? Apparently it was still 1 million. Also it gives an estimate for the impact in revenues and cash flows for 1997. From the 8K On November 12, 1997, American Bingo & Gaming Corp. ("Registrant") entered into an agreement to acquire Darlington Music Co., a South Carolina video gaming business ("Darlington"). The acquisition ("Acquisition") will be consummated in a stock-for-stock transaction, with the Registrant exchanging 1,000,000 shares of the Registrant's Common Stock for 100% of the issued and outstanding capital stock of Darlington. There is no cash consideration. Based on its due diligence, the Registrant believes that Darlington will generate more than $4 million in revenues and $1,000,000 in free cash flow in 1997. Since the Registrant will account for the Acquisition as a pooling of interests, Darlington's historical financial results will be combined with the Registrant's financial results. The Acquisition closed on December 18, 1997. So now we know there will be an announcement probably on Monday but I hope they wait until Tuesday. freeedgar.com Mark