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To: T.K. Allen who wrote (6715)	1/24/1998 10:38:00 AM
From: Ed Pettee	Read Replies (1) \| Respond to of 10368

TKA-- Yes I agree we should get key questions lined up, as well as follow up questions based on answers to the original questions. In an interview given by JTO to the "State" on the subject of video poker on 12/28 he stated "We'eve done pretty well in South Carolina" said John Orton, American Bingo's chief financial officer." If video poker is determined to be legal, we plan to expand in the state." Unless their has been a change this is close to what Corky Logue is saying , be more conservative on VGM expansion until you know your not going to get hurt. Scott- Good shot at the numbers. Any sense factoring in the weekl/monthly intrest(6-7%) accruing on the $13.0 million cash, estimating it as declining as the year progresses? By the way this mornings comments from the Dept of Revenue are interesting in that they are backing off from an earlier position. It also confirms a statement that George Harrison made to me some months ago. Namely that most of the lawmakers were ok with the mom amd pop type operations ,which is of course what George services but what they did not like were the growth of the large casino type operations that were showing up on the borders of the state. He contends that they didn't believe that this was the intention of the original voter referendum to allow VGM's. thestate.com

To: T.K. Allen who wrote (6715)	1/24/1998 10:56:00 AM
From: Nittany Lion	Read Replies (1) \| Respond to of 10368

TKA, Another concern would be the Nasdaq National Listing and if the dip below $5 is a problem. I did some searching last night but could not find anything definative - but I E-Mailed Nasdaq with the question. A Nasdaq Small Cap seems to have 90 days to bring it's stock back to the minimum bid. One thing I discovered in the" Corporate Governance" section of listing requirements is the fact that you must have two outside directors - do we have two? If memory serves there are presently six members, one of which I think is the lobbyist from Texas(Kraege something?) and I thought someone mentioned Wilson's brother-in-law at one point. This section of the requirements seems to be a bit more subjective and would give the committee room to make it difficult if they want: (25) Corporate Governance Requirements -- Nasdaq shall review the issuer's past corporate governance activities. This review may include activities taking place while the issuer is listed on Nasdaq or an exchange that imposes corporate governance requirements, as well as activities taking place after the issuer is no longer listed on Nasdaq or an exchange that imposes corporate governance requirements. Based on such a review, Nasdaq may take any appropriate action, including placing of restrictions on or additional requirements for listing, or the denial of listing of a security, if Nasdaq determines that there have been violations or evasions of such corporate governance standards. Determinations under this subparagraph shall be made on a case-by-case basis as necessary to protect investors and the public interest. Gary