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To: T.K. Allen who wrote (6765)	1/26/1998 12:57:00 PM
From: Nittany Lion	Read Replies (1) \| Respond to of 10368

TK, I just spoke with Nasdaq and was told the following. A stock must be trading with a mimimum bid of $5 at the time of application and for 30 consecutive days prior to that date. Subsequently, during the 6-8 week period for approval the stock must maintain this $5 level. She was not clear as to what happens if it would dip during this period, i.e. does the clock reset or must you reapply and start from scratch. Not good. Gary

To: T.K. Allen who wrote (6765)	1/26/1998 4:29:00 PM
From: T.K. Allen	Read Replies (3) \| Respond to of 10368

Here is an update of the list of conference call questions. Questions which were NOT on the previous version of this list are shown in italics. If you want to track development of this list, each update is in response to the previous update. Click on the post number to the right of my name shown after "To:" at the top of this post. EVERYBODY: Please feel free to offer editorial comments and additional questions. Thread observers can email their questions to me at tod@electro-net.com. MANAGEMENT: - Is Greg Wilson planning on leaving American Bingo & Gaming (AB&G)? - If Wilson is planning on leaving, is finding a buyer for his stock the only issue preventing his departure? - If Wilson is planning on leaving, how much longer is it anticipated he will continue to serve as President and CEO? - If Wilson leaves, will Corky Logue become President of AB&G or will a search be conducted for a new President? - Are there any other material facts associated with the recent resignation and immediate reinstatement of Greg Wilson that shareholders should know about? - If Corky Logue becomes President, will his compensation continue to be solely from stock options or will he draw a salary? - How is Logue's option exercise price determined? - Who determines executive and Board compensation? Is there a committee? Have any outside consultants looked at this issue? - How are the "outside" directors chosen? BUSINESS PLAN: - Previous news releases have indicated AB&G was considering all types of options for future investment. If Wilson leaves, will all options continue to be considered or will new management and two new Board members (Mims and Harrison) set a new direction for future investment? - Currently over 60% of our profits are coming from South Carolina VGMs. What action has AB&G taken to protect its investment in the South Carolina gaming industry? What action has AB&G taken to support the South Carolina gaming industry in general? - How many VGMs does AB&G expect to have in operation by the end of 1998? - What action would AB&G take if South Carolina were to outlaw VGMs? - What areas outside of South Carolina (other states, Canada, etc.) are conducive to AB&G's gaming business? Which of these areas are being seriously considered? - What is the status of the bingo halls which were to have opened by the end of 1997? - How many bingo halls does AB&G expect to have open by the end of 1998? - What areas (other states, Canada, etc.) are being seriously considered for expansion of AB&G's bingo business? NASDAQ NMS APPLICATION: - Has an application for NASDAQ National Market System (NMS) listing been filed? If so, on what date was the application submitted to NASDAQ? - Will the recent decline in share price below $5.00 cause NASDAQ to reject BNGO's application for NMS listing? - NMS " Corporate Governance" criteria require two "outside" directors. Does AB&G meet this requirement? If so, what are the names of the Board members who qualify as "outside" directors? MISCELLANEOUS: - Can we expect to maintain 30% ROI on invested new funds as we have in the past? - What percentage of AB&G's South Carolina VGM's would be characterized as requiring "a certain degree of skill", therefore, being less likely to be deemed an "illegal lottery" as claimed by the South Carolina Attorney General? - What percentage of AB&G's South Carolina VGM's contain a "slot machine" and/or "keno" option? - When do you expect to announce 4th Quarter, 1997 earnings? - In November, 1997, AB&G promised to create a section of the company's website devoted to addressing shareholder questions. This website "Q&A section" was to be updated approximately once per month. Do you expect to continue the website "Q&A section" idea? If so, we can we expect an update? - Just prior to the press release of 1/16/98, it was reported on the SI thread that someone with Mike Fearnow's company, Financial Broker Relations, had said during a telephone call that the upcoming press release "will knock your socks off" and, after the press release, the "price per share will never again be below $6.50". Will AB&G clarify its relationship with Financial Broker Relations and it expects to have information released to the public? - Can AB&G provide any information on institutional investors who have purchased BNGO shares? Have there been any discussions with institutional investors recently and are any scheduled or anticipated for the future? - Has there been any consideration or discussion of AB&G as a CANDIDATE for acquisition by a larger company? Thanks to everyone for contributions and assistance. TKA