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To: Ed Pettee who wrote (6682)1/23/1998 2:04:00 PM
From: Market Tracker  Read Replies (1) | Respond to of 10368
 
Ed, - I too get the impression that Greg Wilson's tenure with the company has a limited future. Perhaps the company might be interested in taking some of his BNGO shares off his hands at these bargain levels. It would partially solve his immediate diversification problem, while reducing the shares outstanding at the same time. Would have the added effect of increasing EPS, (reduced shares out.), during the current year. Just a thought.

MT



To: Ed Pettee who wrote (6682)1/23/1998 2:26:00 PM
From: Harold Finstad  Read Replies (1) | Respond to of 10368
 
Re, you comment about the Wilson stock block. I have no idea if you assumption about an institution being shopped for his block is the case, but what knowlege I have about insider stock tells me that for at least 90 days after leaving a Company, an insider has to adhere to SEC Rule 144 restrictions. I have forgotten the exact formula, but it is a dictates the amount of stock that can be sold in "Open Market Transactions" and limits the amount in any 90 period to some small percentage of average daily volume and/or the total capitalization outstanding.

Point is, even if such an institution were found, they would not be able to purchase the complete block unless they were willing to start a new 144 holding period all over again. However, I do believe that under some new rules, after 90 days away from the Company, such a transaction may be able to occur giving the purchasor registered stock.

Also, referencing the earlier Yahoo post about Corky Logue. I mentioned yesterday that I knew Corky from his EZPW days. If my memory serves me correct. He did leave the Company due to a differing of opinion as to the direction he felt EZPW should go. I belive he was replaced as CEO in the summer of 1994 when their stock was trading in the mid teens. He felt that the Company should stick with the Pawn business exclusively, the Board felt they should also bring in certain new retail items like new jewelry. The Board won, Corky was replaced and over the next year the stock went down to the middle 4's due to a string of losses from inventory write downs of these retail products. While he was there, and they stayed exclusivly in the Pawn business, the stock saw highs around $30.

Referencing the point about the PR firm. I won't reiterate what I said yesterday. But only add, that you all should be glad that there is at least someone to hold your hand that at least can get in touch with managment. Just as the PR firm was probably instumental in introducing you to the Company from less than $2.00 a share, I suspect your support will keep them around to lead the stock out of the mess it is in.

A last point. I couln't help myself this morning. I am now a shareholder.