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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI) -- Ignore unavailable to you. Want to Upgrade?

To: Jerome Hay who wrote (974)	1/15/1998 5:56:00 AM
From: Mingo	Respond to of 4539

JH Good points and well said.

To: Jerome Hay who wrote (974)	1/15/1998 8:08:00 AM
From: Mr. Perfect	Read Replies (1) \| Respond to of 4539

Jerome, This is the way it has been explained to me: #1. The 500,000 is included in the 1.5 million so they owe us 1 mill yet plus the royalties from this point forward. This also is one of several deals I understand that are presently under negotiation. This deal doesn't top off the company, but is only the first of hopefully many to come. #2. BTC is taking over the maintainence of these machines and all tech support. AGTI will be entitled to a larger % of the revenue, but I am not sure that has all been decided yet as to how much. #3. I am not aware of an answer so I won't at this time. #4. These are undisclosed at this time, due to not wanting the competition to know what is up our sleeve. #5. Only time will tell, but it is a five year agreement that can be redone at that time. I understand that major reductions in personel is underway, and everyone from top to bottom is being reveiwed as to the importance of there job from this point forward. Names that were dropped that I will not pass on will reduce salary expense alone by over 5-600,000 per year. The expense of the Denver site gone, upkeep on the present machines gone, overhead overhead overhead gone, sounds like the wheel has started to roll. A lot of negative feelings have to be worked out of the shareholder base and confidence has to be restored. A wait and see attitude is very justified by the investing public, which explains why the weakness yesterday, plus percentage gains from the lows are not to shabby for short termers. Rome wasn't built in a day (seems like I have heard that before) and AGTI isn't going to be $1 in a day. Personally I would prefer smaller gains over time that stick than a quick run up and then a retreat. I say again, hang in there and see what happens. The potential is ahead of us not behind.