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

To: Rodger Frederick who wrote (1395)	12/29/1997 8:35:00 PM
From: John Lawrence	Read Replies (1) \| Respond to of 5164

Yussy: you've got things a little mixed up. TAC Investments (Don Harris'company) has signed a letter of intent to buy four million shares at $6.00 U.S. when the B.C. Gov't. gives Richmond Downs the go ahead. That is equivalent to about $8.50 Cndn. This is based on the post-split shares. If you want to compare that to pre-split prices then the TAC deal represents about 3 x $8.50 or $25.50. The shares will be sold from the treasury, which will dilute current shareholders, but will provide the company with the funds to develop Richmond Downs. This is a good deal for Sungold and TAC and shareholders. When Richmond Downs is approved, the share price will likely rise above the $25.50 pre-split Cndn. price (or $6 U.S. post split). TAC stands to make money, as it should for making that sort of investment. --- As for the market maker, the company is J. Alexander, and the MM is Bob Hurt (sp?). The company has offices in L.A. and Florida. Anyone who wishes to trade calls their broker who calls J. Alexander and Bob makes the trade electronically and gives the info. back to your broker who gives it to you. This is normal practice. Sungold was never attempting a listing on the major Nasdaq exchange. It does not meet the criteria. Perhaps it will in future. I'm no expert on how the MM system works, but here's some of my understanding: The $3 high/low price is simply the MM indicating that trading is about to begin, and giving people an idea of the price. My system does not indicate any volume, nor bid and ask price. In the morning, those of you watching realtime will see the bid/ask going up and down before the market opens as the orders come in to the MM and he juggles the market. The MM's suggested opening bid will be as low as he can take it. He makes money by trading volume. If the bid is 2 7/8 and the ask is 3 the MM buys at the ask and sells at the bid, thus taking 1/8 for himself. The more volume he moves, the more he makes. He is not going to risk making a market at a price higher than the bids can support, because he risks a personal loss. He knows there will be shareholders tired of waiting so long, who want or need to sell ASAP. He also knows the shorts will want to cover as cheaply as possible. The MM will set an opening B/A at a level where he hopes there will be most buyers and sellers. If there are no sellers at $3 he'll move the ask to wherever the sellers are. If he starts high there could easily be a wave of selling that would drop the price and possibly cost him money. The MM's primary function is to create an orderly market. High volatility is in no one's interest. People who are eager to sell can take the price that's offered now. Current shareholders who understand the company's projects, and who know that it is worth more now than ten months ago will wait until Michigan or maybe Richmond Downs takes another step towards reality. At that point the market will assign a higher value to the company and patience will be rewarded. In the meantime, new investors with more patience will have a chance to buy in at a decent price. The fact that speculators drove the share prices too high too quickly a year ago is just something we have to live with. If the company's projects are for real, as some of us who have studied it know they are, it's just a matter of time before the price will go up again. Come on guys, stop bitching. This is what we've been waiting for.

To: Rodger Frederick who wrote (1395)	12/29/1997 9:04:00 PM
From: Troy Griffin	Read Replies (2) \| Respond to of 5164

I was not going to respond to these last few posts. But being the last night before we trade I could not contain myself. I know in the past I stated that I would not post again after Cheeky Kid questioned my sources on the short position at the time, but in the end I was right and he stated he was wrong, how noble of him. The post that prompted this responce was Rogers or may I call you Shorty. Does it not seem funny that you have just decided to post now? This being the eve of the short sellers destruction. It seems uncharacteristic that a loyal shareholder of three years would just now decide to post negative comments about our company. Lets not get sidetracked folks. If this is going to sound like a locker room pep talk, it is. Let's call a spade, a spade. The Michigan Casino is in the bag, the 180 day comment period has passed without a single greivence.BRUCE EINHORN is to CASINO'S as MICHAEL OVITZ was to DISNEY. The Richmond race track is progressing faster than even Sungold or our beloved VANCOUVER REPORTER anticipated. The Korean elections and their monitary policies are speeding our projects to fruition. We have not traded for ten nerve racking months, but that is all going to change tommorrow.When is the next time you are going to be part of a company that split three for one , and then went on to trade in American dollars. In the words of the man most respected on this thread, "DON'T LET THE BASTARDS GET YOU DOWN". I hate to make references to BRE-X but before they had split ten for one, the well was drying up and causing the share price to rocket. It is a simple rule in economics, supply and demand. So before we trade tomorrow I will leave you with one last thought, if we all held our shares for just even three weeks after tomorrow and not sell a single share to cover our capital, we would see a rapid growth in share price. PS- I have seen this all before, when the shorts are trying desperately to cover and future investors are frantically trying to fill their positions with existing shareholders not budging an inch, the share price has risen $10-$50 in a short time. SLEEP TIGHT VETTMAN