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

To: PC11 who wrote (562)	1/21/1998 9:12:00 AM
From: David W. Tucker	Read Replies (1) \| Respond to of 7701

CNN Headline News is running a story (hourly) about an Indian group that has started an internet lottery. It was very interesting. At first it looked like a bingo system, but it's not. A lot of stuff about whether it's legal or not. The Indian's are claiming their soviern rights. They discussed how Congress is looking into this. I don't see how NorAm could ever do an internet Bingo legally, or at least without a whole load of legal problems. Whenever 60 minutes gets around to doing a story on how some old lady has lost everything on the internet, the crackdown will begin. Sooner or later the FED's are going to clamp down on internet gambling. I think NorAm should stay away from it completely. They should already know it's nothing but problems. Greed is clouding up their heads. In fact, if NorAm proceeds with this, I'll look to get out. By the time they get to it, there will be someone else doing internet bingo anyway (please don't give me the speech about how theirs will be different). check out uslottery.com dave

To: PC11 who wrote (562)	1/21/1998 10:14:00 AM
From: ArtieM	Read Replies (1) \| Respond to of 7701

Paul, I owned Rule 144 restricted shares in TRGC this past year... and believe me that when they reached their 2 year aging requirement I filed for restriction removal and had the shares deposited in my brokerage account and that took ten weeks...as far as I've looked there was no posting of my 144 form anywhere I can find...a couple of friends of mine also filed 144 forms at the same time and they too weren't posted and I have seen others that were...I don't know if it is an internet oversight or not...I'm not completely certain with the Rule 144 change in '97 whether or not fully aged 144 stock forms will show up anywhere...The shares held by insiders (rule 144, not necessarily people inside NorAm) have with the Rule 144 change last April probably become fully free trading stock, if older than two years, and if the certs are deposited into a brokerage account then they would become part of the float...I haven't kept up with the Rule 144 completely because I no longer own 144 stock so I'm not completely sure...maybe a broker type could help with this topic more in detail... Just because a 144 form is filed doesn't mean that it is a requirement for the shareholder to sell. One other point about increasing the float and that is doesn't more shares available for trade help to increase the shareholder base and wouldn't this help in listing on a major exchange, as there is a requirement for a certain amount of different shareholders??? I do agree, that with the VLT project, as of today, one month behind schedule, that some sort of update should be forthcoming...not necessarily earth shattering news but simply a progress report, good or bad.