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To: jimmy who wrote (6451)	1/16/1998 12:39:00 PM
From: SE	Read Replies (2) \| Respond to of 10368

Will he unload his BNGO shares? Ah.....the $64,000 question. This is the most important piece to the puzzle. Hopefully we will find out soon what happens to Mr. Wilson's shares. Different spin. Instead of him being forced out, what if he wanted out and said basically, "I want out, buy me out." If that would be the case, how would it be handled??? Interesting questions....He probably would have retained his seat on the board if he retained his shares. I cannot remember how many he held, but it was significant. GO PACK GO! -Scott

To: jimmy who wrote (6451)	1/16/1998 12:50:00 PM
From: T.K. Allen	Read Replies (1) \| Respond to of 10368

Jimmy - I wasn't quite ready to say so in my post but, now that you have said it, I will second your opinion that this news is the result of a bingo vs. VGM power struggle. I think the next acquisition announcement will tell the story. If its South Carolina VGM's, I will see that as confirmation of my opinion. For the sake of argument, lets presume the next acquisition is more SC VGM's. What does that mean for BNGO? I guess it all depends on one's opinion of the SC political scene. I have maintained for a long time that all the noise coming from the SC Governor and AG and The State is nothing more than jockeying for negotiating position on new regulations and taxes. With the addition of Mr. Mims and the Harrison's to BNGO's management, BNGO is extraordinarily well connected politically. If they can't get an accurate read on what the SC legislature is going to do, there is something HUGELY wrong. Time will tell. TKA

To: jimmy who wrote (6451)	1/16/1998 1:11:00 PM
From: Jonathan Brown	Read Replies (2) \| Respond to of 10368

Without further information, I'm inclined to agree with Jimmy. I'm neutral on the implications, but my gut tells me this move means further near-term downside risk, if only because it's possible Wilson will increase the float by selling his shares, which may be part of the deal for his departure. This is only a speculation. The company may buy him out and put his shares in the company treasury, leaving the float alone. We shall see. AB&G certainly was gung-ho to get its warrant money, in which it was only partly successful. Yet we have heard nothing of how that money will be used. So what was the big rush about? Both warrantholders and stockholders got screwed, the stock has broken long-term support (which even the warrant call didn't manage to accomplish as effectively), and from what little I can tell, the company is moving toward greater exposure in a highly controversial business. With all due respect, I must disagree with Patti and Ricardo: the fundamentals have changed. The company's business plan is shifting, the atmosphere in a key market has become threatening, and the founder is leaving the company. For me, that qualifies as change. Do I sound like a short? Even if I wanted to, which I don't, I couldn't short this stock through Datek. Nor am I attempting to provoke selling to pick up cheap shares. (I don't have to; the articles posted from "The State" accomplish that far more powerfully than I ever could. By the way, is the "The State" a tabloid? Its bias is truly exemplary. I'm thinking of writing my friends in the liberal media about this paper. They might learn something.) But I am concerned. Let's hope clarification beyond an upbeat press release is forthcoming. Soon. Patience is a virtue (I'm told); let's hope it is rewarded. Like meekness. J