To: Ed Pettee who wrote (68 ) 12/30/1997 12:13:00 AM From: Silicon Trader Read Replies (1) | Respond to of 7701
Ed I have an E-mail in to George right now regarding the dates of the Bingo show, I have an idea but I want to be sure before I post them. I will also get the exact location. I went to the Las Vegas gaming show and had a great time, besides being able to see my investment in action. I hope you can go. Regarding the market makers. While I was accumulating this stock I seem to have the same problem and I have studied the price activity for months and months. According to our PR Firm we do have a friendly MM on our side who has been pressuring to move up when the buying comes in. I also have some other INFO which I feel is EXCELLENT (sorry). I have word that Global Financial, a Market Maker in our stock, has just made notification to the effect that they are going out of business. My source also says that they have been selling off all of their positions. I don't feel that firm ever did any penny stock any good. It would be hard for me to directly pin it on one variable. As I mentioned I watch the stock, and what I have seen is some selling mixed in with a larger portion of buying in the last two weeks. The selling appears to be gone and the outside asks appear to go up quickly. For example, I showed today at the close a few blocks at .42 and those were filled, and the next stop was .45 then .46 then .47. It didn't appear that they were showing a lot of size. I don't know if any of this helps but, yes, I have noticed they make you chase it. They have absorbed a lot of stock at this level and appear to be turning north. If your broker can shed any light on the price activity and you wouldn't mind sharing here it would be much appreciated to get a professional's view, as I am only a speculator ..LOL !!! I'd like to go back to the Bingo equipment and point out a few things about the Vaprel line. The main difference in this equipment compared to any other electronic bingo game is the fact that ours is INTERACTIVE. As of today, from my understanding, this is the only sit- down interactive bingo game available. All of the competitor's games which I was able to see in Las Vegas were set up so you rent the Hand Held bingo game, you pay the money, and then you watch the machine electronically dab your numbers as they appear. With the "Winner Take$ All" system you can play up to 200 cards at one time. When the AutoCaller 2000 Selects the ball it then sends the signal to the central computer. The central computer then sends it to the play terminals. The ball is then displayed on the screen. The player must touch the screen for the terminal to dab all 200 cards if they have the proper number on them. That is the key -- Bingo players LIKE to DAB; the interactive part of this game is one of the main ingredients for people wanting to play these machines. One other neat feature is that not only does the system mark all the appropriate cards but it shows the top 10 cards closest to bingo as the game goes on. It's really something to see. I feel it has the potential to wipe out KENO and put a nice dent in the electronic bingo industry. I can't shut up! Another great point is that less labor is needed for the facility operator. No one to pass out cards, no dabbers, no one to call the number, no paper inventory, (the AutoCaller does that). It's a very economical and clean system for the operator. Wwwwwwheew!!! That was a mouthful! GO NRAG MBA Jeff NorAm