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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Instock who wrote (9798)12/30/1997 12:38:00 AM
From: Cyrus  Respond to of 79260
 
Instock: back at you buddy. Tomorrow Sggnf starts trading on the Nasdaq. It is a gaming company with 15 mil shares outstanding. It has received approval for a casino in southern Michigan on the Gun Lake Reserve. Only four Indian Bands receieve, official Federal Government recognition in a year. Gun Lake has recived theirs.
They have signed a letter of intent with Excelsior Gaming of Connecticut to operate the casino , of which Bruce Einhorn the Vice-President of operations for Foxwood Casino (the largest western hemisphere casino) is a member. They also have two large casino's in the works in Korea, one at the new Seoul International Airport. As well a race track with slot machines in Vancouver B.C., which they have public financial commitments for. Now this stock has done very well in the past it was listed on the VSE, (Very Slick Exchange) in fact it did so well the member firms of this exchange were shorting it big time. Because it is so successful they halted it indiscriminatly trying to scare off investors. No luck the company has made tremendous headway since it was halted and now has given up the VSE to trade on the Nasdaq. As I said it has 15 million shares outstanding, out of that there is a 2 million share public float. Last tally when halted, stated there was 750,000 shares short. So on top of the excellent opportunities there should also be a short squeeze. Anyway it starts trading on the 30th, have a look as there may be some folks selling cheap since it has not traded for a few months.
Here is the web site: sungoldgaming.com
Darrell