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To: SE who wrote (6661)	1/23/1998 9:27:00 AM
From: T.K. Allen	Respond to of 10368

Scott: justforloot's scenario is plausible but doesn't seem to me very different from some of the theories put forth here. A little more detailed perhaps but the same basic elements. I think the following statement is a tad strong: "...tout the stock like a Denver penny stock through the efforts of Mike Fearnow, Orton and Corky." I don't fault anybody for making a concerted effort to sell their product - provided the product has real value. I would not put BNGO in the same class as a "Denver penny stock". Although some of the guesses and hyperbole on this thread back in November were a bit over-the-top, I don't blame Fearnow, Orton and Logue for that. Regarding justforloot's suggestions on what needs to happen now: Whether "heads must roll" depends on exactly what happened. I certainly agree BNGO needs to keep those earnings growing. I also think BNGO needs to take some steps to restore investor confidence in management and their business plan. TKA

To: SE who wrote (6661)	1/23/1998 9:28:00 AM
From: SE	Read Replies (5) \| Respond to of 10368

Open Letter to Mr. Gregory Wilson: There is only one thing I can conclude from all of the press releases and speculation over the last few days -- management is directionless right now. You and everyone involved do not know what you are doing or if the person in charge this week will be in charge next week. Why do I conclude such? Because it has been indicated in several places that the shareholders are concerned about the direction of the company and management and what will/has happened with the management shake-up last week. A company that has a solid direction and has sorted it all out, I would think, would answer a few basic questions. Instead you have issued press releases that generate more questions. Am I bashing? I guess you could say yes. I have a stake in this company and it could be destined for greatness. However, the longer you don't know the direction you are heading the more the stock price will be depressed. Also consider that what you are doing is not unique in any way. If all of us on the SI stock board put our money together we could start consolidating the charitable bingo business tomorrow. We could buy and put in place some VGM's. This is not rocket science and if money can be made doing it, it will be duplicated. This company needs to have a vision and continue forth in the best and quickest way possible before some other company jumps on your bandwagon and completes the job you set out to do. The vision comes from you. Get the vision out. Especially to your management team. I get the impression they think you want out. What does that say to the team? Pretty negative connotations I think. Decide what you want. Do you want to bring the company to the next level? If so, stop screwing around, put your shares in your safe and get back to business. Start by letting us know what your goals and intentions are. Start by detailing the job descriptions of the various talents you have brought to the table. Feel free to accept that you don't know everything and need their assistance and then let them do what they do best. If you do not want to bring this company to the next level, step aside. Wait your 90 days or whatever the time frame is and then sell your shares to all of the institutional buyers we keep hearing about. Or don't. I don't care. If this company is going to become what it can become, the market will slowly take your shares. Yes, it would keep the price lowered for a while, but look what happened after IA sold out. Same thing would happen with your stock. Not a problem as far as I am concerned. If the egos involved cannot play nice together, someone has to go. I don't pretend to know what goes on behind closed doors, but the decision rests with you Mr. Wilson. Either make a decision and let us know your intention is to bring this company to the next level and adjust management accordingly, or step aside and let Mr. Logue bring us to the next level. Either way it will be a win win situation for shareholders. The current uneasiness regarding managment's direction and our confidence in management will only continue to cause erosion of the stock price. That is my humble opinion and my -.02 cents. Negative because that represents what is being done to the shareholders equity in this company. You asked for $5 per share not all that long ago. Looks like you are doing a remarkable job at insuring we did not get screwed on the warrant call. Heck, if this keeps up we could have sold our warrants and bought the stock in the 3's. The power rests with you. Your real estate investments have turned into a public company goldmine for you. Are you prepared and ready to take the steps necessary to ensure that it is a bigger goldmine than it already is, or have you had enough. Indecision will cause greater harm to your interests and ours, than a quick decision and movement beyond these issues. Right now you are the man. Make it happen. Sincerely, Scott B. Edwards, JD, CPA