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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: Vinnie who wrote (6155)	1/4/1998 3:51:00 PM
From: Ed Pettee	Read Replies (2) \| Respond to of 10368

Vinnie-- I am involved with Noram, and no they should not be considered a competitor to BNGO. While they have 3 Bingo halls in the state of Florida, they are planning to exit that business. They are concentrating on their entry into the Video Lottery business going on right now in Venezula, a slot machine business in a casino in Venezuala, and their exclusive distributorship of the automated Vaprel Bingo Line and the new Auto Caller line. You should do your own DD on NRAG but I believe it is an exciting company in the development stage , lot of risk but lot of potential if it works out. I thought the tax loss carry over got used up last Qtr. Sorry Vinnie, I just searched and I know I had it, but I cant seem to put my hands on the total cash position. I believe it is in the 13-14 million range with the 11.2 mill from the warrants. I am sure Market Tracker or Wall StreeT Bum will have it.

To: Vinnie who wrote (6155)	1/4/1998 7:04:00 PM
From: Market Tracker	Read Replies (2) \| Respond to of 10368

Vinnie, - I agree, even from an academic standpoint, the warrant discussion (re: BNGOW) is a moot point, and we should be looking onward and upward. BTW the 4th Q, and Year have ended. I'm not going to get into a guessing contest on '97 EPS, but I'll guess we have used up ~ 90-100% our tax-loss carryforward. We should consider ourselves a tax-paying company once again in all calculations we do. $13-14 million is as good a guess as I can come up with for current cash position. 9.5 million shares = ~ $1.37/ share in cash. So BNGO is selling for ~ 4 7/8 - 5 as a business with no money in the bank. What is of the utmost importance, now that we are a tax-paying corporation, (once again), is, we have to continue to maintain our 25-30% return on equity. If we can do that, all should go well. Gary