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


To: Nittany Lion who wrote (6606)1/22/1998 11:15:00 AM
From: T.K. Allen  Respond to of 10368
 
Gary - Thanks for the compliment. I hope you are right about some of the old timers and maybe we can expect MT back sometime soon. I have noticed many new names showing up on the thread. I encourage all of them as well as us "old-timers" (if my 4 months qualifies as "old"<g>) to dig out as much information as we can on BNGO and their future and to share it here.

TKA



To: Nittany Lion who wrote (6606)1/22/1998 11:37:00 AM
From: Market Tracker  Read Replies (2) | Respond to of 10368
 
N.L. - I'm back from my golfing vacation and getting caught up on the thread reading.

Boy oh Boy, BNGO seems to have more surprises for us each day. The management shake-up?, does appear to indicate differing operating philosophies between Logue and Wilson. Unless these are resolved, one or the other will have to go their own way. The issuing of 2 conflicting press releases regarding Wilson's status with the company does not breed credibility with stockholders, and credibility of management is the key issue at hand here.

May I propose a suggestion to management to re-structure the company into 2 divisions, a Gaming Division headed up by Mr. Logue, and a Bingo Division headed up by Mr. Wilson. Each division would have it's own business plan and operating budget, and serve at the behest of the Board of Directors. The BOD would be responsible for allocating financial resources amongst the two operating divisions, as well as making directional preferences between VG and bingo operations. Management must present a unified front, and any internal squabbling must cease immediately in order to end this PR debacle which only serves to widen the management credibility gap. Management's full attention must be directed towards the business, not on power plays. There is too much at stake, at this critical juncture.

MT