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To: JakeSki who wrote (6867)	1/28/1998 11:28:00 AM
From: SE	Read Replies (4) \| Respond to of 10368

Nice idea, but I would be pissed having just sent them $5 per share to have them go and use that money to buy the stock at less than that. Intellectually I know it would make sense to do it, but ..... -Scott

To: JakeSki who wrote (6867)	1/28/1998 11:52:00 AM
From: jimmy	Read Replies (2) \| Respond to of 10368

George, I agree. IMHO, a small buyback would be the best possible news. If management believes that the company is on solid footing and seriously undervalued, then instead of hoarding that $15M, or so, they could spend $4M or $5M now, lock up that stock, and sell it back in a private offering later this year for a handsome $5M+ profit.

To: JakeSki who wrote (6867)	1/29/1998 7:01:00 AM
From: hoopsville	Respond to of 10368

George, I agree with your stock buyback idea. At $4 a share range why doesn't BNGO engage in a stock buyback with their warrant funds? A stock buyback is just like BNGO's investing in their current mix of operations. There would be several benefits: (1) Stock buyback would support the share price and increase EPS. (2) It would delay the decision on whether to make new VGM investments until after SC legislature has decided on new rules. (3) The purchased shares would become treasury stock and WOULD STILL BE AVAILABLE to exchange for new VGM/bingo businesses, hopefully when the stock was at a much higher price.