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Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (435)	1/15/1998 4:55:00 PM
From: Silicon Trader	Read Replies (2) \| Respond to of 7701

Thanks again , looks like some selling ,but nothing compared to what i thought it was going to be. Anyways Thank you GO NRAG MBA Your reports are much much better then farsight,i closed that account today after moving to ameritrade to give them a try.

To: Due Diligence who wrote (435)	1/15/1998 5:09:00 PM
From: David W. Tucker	Read Replies (1) \| Respond to of 7701

It looks to me that the whole afternoon was nearly all buys. I gotta tell ya, I was out all day and checked in here after the close. Based on my experience, I think this stock could go down into the .20s if we don't have news soon. Why? When you first look at NorAm, you see three things that are all bad. 1) Penny price = means this company isn't showing a profit. 2) Balance Sheet = it stinks all the way. No cash. There IS debt. 3) Tiny revenues from renting charity bingo halls, which I think is a lousy business. So why do we like the stock? THE FUTURE. That's all we have. So when we follow the company and get tuned up to a December 21st rollout, and it doesn't happen, we get a little disappointed. Don't get me wrong. I know what our future is here, but there's a lot of short term traders out there. They could crush the stock if they wanted to. Lurkers on the sidelines could get impatient and put their money into other companies instead of NorAm. So I simply hope to see something soon. Otherwise I expect a rough time for the stock. I've seen companies just like this one linger in the .30s, .40s, .50s etc., then it falls in on them and their suddenly a .05 stock with talk about a reverse split in the air! NorAm needs to realize that the stock is really low right now and is trading on future projects alone. The future has been delayed, which I understand. Something has to hit the wires soon. Believe me when I say I'm a diehard NRAG'er, but it's time to do something dramatic to get the stock moving. This company is running on thin air right now. I hope I'm just blowing off steam and I see some news seconds after I post this. Continued good luck to all... dave