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

To: SE who wrote (6596)	1/22/1998 7:50:00 AM
From: SE	Read Replies (2) \| Respond to of 10368

I hate to keep bringing up the restaurant sector, but this press release from PHL is very good. It doesn't provide much in the way of smoke and mirrors and treats shareholders as valuable people stating the facts and then stating what management sees as things they must start doing now to fix the problems. BNGO could learn a few things from this one press release. Give it to us straight, up front and guess what, we can take it. It would be better than all the speculation going on. biz.yahoo.com GO PACK GO! -Scott

To: SE who wrote (6596)	1/22/1998 11:06:00 AM
From: Harold Finstad	Read Replies (3) \| Respond to of 10368

Scott, I would be interested in Dennis' reaction to my comments. Re, your question about managment accessablity. A lot of factor come into play as to the CEO being directly available to all shareholders. Certainly time and place has a lot to do with it. When the CEO speaks, it is considered gospel. Also, in any growing company, there is always matters of "insider" information that must not be disclosed to individuals. Curiously, the more successful a company, the less candid information is usually available to the individual. Additionally, personality has much to do with it. I read the PR that Planet Hollywoods CEO put out. My immediate observation is that he is laying his job on the line. By being as specific as he is in this release, he is in effect asking for "one last chance". This type of disclosure really takes away the flexibility that a dynamic CEO must have in a competitive environment. The problem is that he may hit 90% of his plans and miss on 10% and that 10 may be held against him. One might say if his former business plan has been missed by such a wide margin, why should we believe that his new, all encompassing, plan will work. Another thing that I find quite suprising in this release is that he is really giving an edge to his competition why being so specific. On a company the size of PH, it would seem that this type of total public disclosure would alienate the anaylsts who follow the Company by taking away the "edge" they all feel they should have. Bottom line in my opinion, he is "running scared" and is trying to deflect the heat of the company's failures. In 30 years of investing, I must say I have never seen such a disclosure. It will be interesting to see if it works. Re, the current situation in BNGO. I personally am not a shareholder. However, in years past I have been favorably involved with some of the Company people. From what I have read over the last few months on this board, it appears that you have two totally different personalities currently running the Company. Corky Logue, whom I do know, is an easy going outward personality. He does an excellant job of motivating people to get the job done. Greg I don't know, but it does seem that his way of doing things is much more low key. I am going to assume that he has never had to deal directly in a successful Public Company before. I am also going to assume that typical to human nature, he feels, and to some extent, probably rightfully so, that "others" are trying to take his baby away. Like any good parent, it is awfully hard to see and admit that your child is growing up and becoming less involved with you and more in others. You know the old saying "success has many fathers, failures few". It certainly appears the BNGO is destined to be a success. Otherwise managment would be "quitely" slipping out the door, instead of what you are seeing here. I have no idea just what is going on behind closed doors, but whatever it is, I'm sure that things will come to a successful resolution to all shareholders once "cooler heads prevail". A take off of the current buzz phrase "Follow the Money" could be appropriate here. BNGO "has" the money, and is "making" the money. At this stage of the game with the stock halved from its high, my opinion is its too late to sell based on a temporary management concern. The company has now grown past that. If this group can't work together, some "Oppertunist" will probably be perceptive enough to take advantage of the cash and all the gains the Company has made to date. Remember, no individual controls more that 15% of the Company. A last comment. I have followed a lot of threads of various stocks over the past couple of years on the Internet. You "BNGO Groupies" are absolutly the best. There are company's that would die for the loyalty you all have for this Company. I have to believe this has not gone totally unnoticed by Management.