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To: mark cox who wrote (5769)12/19/1997 10:00:00 PM
From: Pr-Ac Man  Read Replies (1) | Respond to of 10368
 
So now we know there will be an announcement probably on Monday but I hope they wait until Tuesday.

Me too. Seems like it would be a wasted opportunity on Monday. A million shares for $4 million in revenue. That seems like a great deal. Thanks for the info, Mark.

PA



To: mark cox who wrote (5769)12/20/1997 1:05:00 AM
From: JakeSki  Respond to of 10368
 
So there's one unknown answered. At least now we can count on the additional VGM's being there. What the revenue will actually be is another story.

I am really looking forward to being able to get back to discusing BNGO on the merits of its business, rather than the warrant, MM, arbitrage business.

I am happy I converted and am still in the game, though my position continues to be worth less each passing day. Monday has got to be the bottom - or close to it.

-- George



To: mark cox who wrote (5769)12/20/1997 2:18:00 AM
From: WallStBum  Read Replies (1) | Respond to of 10368
 
I'm catching up on a few days posts and had various thoughts along the way:

First, THANKING Curtis for the relay on the buy recommendation for BNGO. If nothing else, it solidified my resolve on BNGO fundamentals. My favorite part that they dance around as if to state the obvious, is the cash infusion: * Pristine Balance Sheet - After the warrant call, BNGO will have $24 million in equity and $2 million in debt. About $1.58 per share in cash, net of all debt. With just my plain calculator:

$1.58 cash
x6.70% US Government Long-Term Treasury Yields (riskless or guaranteed rate)

=$.10586
xPE 20?

=$2.1172

Let us review. After the warrant call, a five and 1/4 purchase today or on Monday, gets you $1.58 in cash (so you're really only paying $3.67 for an operational cash flow) and the minimum guaranteed riskless rate of return if BNGO does nothing else but simply invest in US Treasury Bills is 40.32% ($2.1172 / $5.25 - for this purpose I'll assume the full 5.25 and not the price net of cash of 3.67).

Folks, this is a super-stock (little Ken Fischer lingo for ya). Yes I've been hurt somewhat by the warrant call. Christ at it's peak a $100,000 portfolio in BNGOW would be worth $2,500 today. Now you know why Rodney's a little quiet these days. BUT, BUT, BUT with the call almost over with good things are about to start happening. Just reading the past few days posts I can see the sentiment changing. What's more, Market Tracker MT is back!!!!! Confidence is restored and good things may happen again now. (gg) Seriously, I have seen quite a few long-termers who date back a ways popping up now. Make no mistake, this is a good sign.

Best part of the SEC release:

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.

1997? 1997? Isn't that an additional .10 cents (using roughly 10M shares) additional 4thQ earnings (cash flow). Or possibly it includes the accretive affect of the prior 3 quarters (more likely) - regardless it's good.

Thing is, at the end of the day, BNGO's fundamentals are just too good for even the TA-leaning type's to walk away from. Oh they'll pontificate on the crossing of the 20-day versus the 10-day moving average lines to suit their fancy, but in the end, BNGO remains an out-an-out good buy.

dax



To: mark cox who wrote (5769)12/20/1997 10:54:00 AM
From: george eberting  Read Replies (1) | Respond to of 10368
 
Does this say what I think it says, and am I the only one who was unaware that Mims was a part of the Darlington deal?


Darlington was founded in 1938 by George Harrison Sr., and is today owned
and operated by his three sons George Harrison, Jr., Thomas Harrison and William
Harrison (collectively, the "Harrisons"), and Michael Mims, Vice President -
Gaming ("Mims"), who together, will continue to operate the business.

George