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

To: T.K. Allen who wrote (6469)	1/16/1998 6:20:00 PM
From: Musya	Read Replies (1) \| Respond to of 10368

I guess, now they have to rewrite this part of "prospectus" that went into all of their SEC filings: 4. Dependence Upon Key Personnel. -------------------------------- The Company is substantially dependent upon the continued services of Gregory Wilson, its Chief Executive Officer, who is the Company's most experienced person in the operation of charity bingo centers. In September 1996, Mr. Wilson entered into a three-year employment agreement with the Company. The loss of the services of Mr. Wilson through incapacity or otherwise could have a material adverse effect upon the Company's business and prospects. To the extent that his services become unavailable, the Company will be required to retain other qualified personnel, and there can be no assurance that it will be able to recruit and hire qualified persons upon acceptable terms. The Company maintains key person life and disability insurance in the amount of $1,000,000 on the life of Mr. Wilson, with the Company as beneficiary. However, in the event of loss, there can be no assurance that the insurance proceeds will adequately compensate the Company. Did they terminate the insurace, by the way? (well, that was an attempt to joke...) Musya.