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Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?


To: Gene Veinotte who wrote (1394)12/29/1997 4:24:00 PM
From: Rodger Frederick  Read Replies (2) | Respond to of 5164
 
The following is a quotation from a correspondant that has asked that this note be posted
on the thread. It does not necessarily reflect my opinions.

" I have been a shareholder of Sungold for over 3 years and am usually
very supportive of management.I have heard the estimates of what Michigan and
South Korea (2) are worth and therefore what the stock should be short and long
term.In addition I read and heard here that within a week of trading the stock
should be at least $10. And when the rest of the Korean news is out, by Feb. or
March the stock should be at least $20.(even without the racetrack issue.
Now, we are told that the company has decided to "give away" 26% of the company
for a mere $6.a share.

Can anybody explain the rationale for that and if not what if anything can be
done to change the terms of that insider deal? It seems to me that $10-15 per
share to raise the $24 million would be much more equitable.

Also, with Michigan deal done and
Korea coming along so well that the price of the stock as is must be
at least 15-20, so 6 is a terrible rip-off of the rest of the
shareholders. And the fact that until now it didn't trade at 6 has
nothing to do with anything, we also never had such deals in our hands
either.

Hopefully if enough people complain they will have to renegotiate the
deal and we will all make more money on Sungold. Yussy Kertzner. "



To: Gene Veinotte who wrote (1394)12/29/1997 5:36:00 PM
From: Sue  Read Replies (2) | Respond to of 5164
 
Hi all,
I have a couple of questions for whoever feels capable to answer.
1) If we are to trade OTC, does this mean the NASDAQ has refused our application to trade there?
2) After a 10 month halt, how is it there is no one at the office to answer questions as we were directed to on the Sungold website?
3) Is the 3 for 1 split still in effect?
4) Why are we given the name Alex with a phone # as the market maker, if only a broker is allowed to contact him? I can't believe we are to forward this phone # to our broker?
5) Is this " Alex" the original MM we were dealing with when the application to trade on NASDAQ was first submitted?
I hate to say it, but it feels like we are taking the backroads on this.

Later