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

To: T.K. Allen who wrote (6360)	1/14/1998 4:36:00 PM
From: Musya	Read Replies (1) \| Respond to of 10368

One of the questions that came up was whether or not American Bingo & Gaming had had fundamental change of focus away from bingo and into low-end gaming such as VGM's. From the last SEC filing (January 5, 1998): As of December 22 , 1997, the Company operated eighteen bingo centers in Texas, Alabama and South Carolina. The Company recently closed two bingo centers in Texas due to poor profitability, but has five additional centers under construction in South Carolina which are expected to open in the fourth quarter of 1997. This will give the Company 23 bingo centers at yearend. The Company's original goal for 1997 was 25-30 bingo centers, but the Company will not meet this goal due to an increased focus on its video gaming business. As a result of this increased gaming focus, the Company has seen an increase from 4 to 60 video gaming centers in South Carolina from the beginning of 1997 through October 31, 1997. Gaming revenues comprised approximately 30.6% of the Company's total 1997 revenues in the first half of fiscal 1997; management expects gaming revenues to comprise over 50% of its quarterly revenues by the end of 1997. That was the answer to your question about changing focus. Also, before, they use to say "Bingo centers," and "Charity Bingo market." Look at the language now: The Company has designed an aggressive expansion plan focused on the acquisition and development of bingo and video gaming centers (collectively, the "Centers"). The Company's goal is to establish itself as a major force in the estimated multi-billion dollar per year charity bingo and gaming market. No assurances may be given that the Company's goals will be achieved. As far as Mike's comments, I have no doubt that there will be the news. However, the stock price does not behave like it is ready to take off tomorrow. If they hold on to the news for couple more days, the stock may be better ready to it technically. Dax: Pretty remarkable to have half a million shares or 5% of outstanding shares trade hands with no news, don't you think? Yeap. And even larger percent of the float... We are having either a panic selling reversal day or a new push of the good old downtrend. For the reversal day we are missing a close above the openning, but we did have buying at the end of the day. Sometimes there are coupled reversal days, if we have the continued buying tomorrow at the openning and no selloff towards the middle and the end of the day, we may be having a coupled reversal (two days)... Musya. P.S. Rod, come back and dream a little!