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To: T.K. Allen who wrote (6259)1/9/1998 9:07:00 AM
From: T.K. Allen  Read Replies (1) | Respond to of 10368
 
Update of my "BNGO Recovery Scenario":

- Darlington acquisition completed. Completed 12/18/97, publicly announced 12/22/97.

- Additional analysts begin coverage. First Research Financial buy recommendation 12/18/97.

- Warrant call successfully completed. Completed 12/22/97, publicly announced 12/30/97. Funds received more than enough to qualify for NMS listing and provide capital for cash acquisitions.

- Federal judge throws SC "illegal lottery" claim out of court. According to The State newspaper article dated 1/7/98, this will happen.

- Acquisitions (in states other than South Carolina) announced.

- BNGO becomes marginable.

- BNGO achieves NASDAQ NMS rating.

- Institutions, looking to invest in stocks insulated from the "Asian contagion", begin buying BNGO.

- 4th Quarter EPS continues current growth rate.

So far, my scenario seems to be pretty well on track. Of course, the only thing that really matters is how the market treats BNGO, whether or not the items in my scenario come true. Time will tell.

TKA