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To: Silicon Trader who wrote (355)	1/10/1998 12:18:00 PM
From: David W. Tucker	Read Replies (2) \| Respond to of 7701

Jeff: George did not announce a merger during the conference call. He mentioned merely the possibility that other JV's might be in the works. If NorAm has any joint relationship with the running of the Mandarin (with LYMCA?), there has not been any formal announcement made regarding this. If this is in the works,I would like to see NorAm's plan to jointly own the Mandarin. Right now, they don't have ANY cash. You can only stretch yourself so thin. Will NorAm be spending every dime of their newly found income on new ventures? Spells no profit to me. Lotsa questions but I'm hoping to hear some news sometime after George gets back on monday. Updated FAQ coming later this weekend as I'm hoping to relax and play saturday and sunday. [not much to update] dave