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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: Market Tracker who wrote (6911)	1/28/1998 3:36:00 PM
From: Market Tracker	Read Replies (4) \| Respond to of 10368

To The Members of the BNGO Thread - I have received the following e-mail about an hour ago. The sender wishes to remain anonymous, but has proven to me in the e-mail that his/her sources are credible. He/She has asked me to post the following message to the thread - ------------------------------------------------------------------- **I spoke with an individual last night who is related to a BNGO Board Member. He informed me that Mr. Wilson's temporary departure was indeed a result of dissent among the Board regarding how best to use the proceeds of the warrant call and whether BNGO's long term strategy should shift away from their original objective: To consolidate the fragmented bingo market. Mr. Wilson is adamant that VGM's represent a short-term source of income to finance continued expansion on the bingo front. Some board members (read as: Mims, Harrison, etc.) who come from the VGM business obviously wanted a shift in focus. Mr. Wilson resigned, albeit temporarily, as a ploy to demonstrate how serious he was about the company following his vision and strategy. Either AB&G would do so, and stick to its original long-term objective, or he would leave. The Board apparently decided to succumb to his wishes. Mr. Wilson is ABSOLUTELY in charge of this company, and the business will carry on as planned. There have been reports that Mr. Wilson had found a buyer for his shares at $6, and that the deal fell through. I woud submit that he did indeed have a buyer lined up, but only in the event the Board called his bluff and allowed him to walk. (Wouldn't you cover your ass if you were going to play such a high stakes game?) Mr. Wilson never intended to permanently leave the company, and his ploy worked.....he is once again at the helm. The source of this information is intimately familiar with the goings on at this company, and indicated to me that Mr. Wilson is the heart and soul of the company. Without him, it would not go anywhere. (I'm sorry, but pawnshops and gaming are still two very different businesses. Mr. Logue contributes expertise in growing a company from small to large, but does not necessarily have the operational knowledge of the bingo and gaming businesses--once again, my opinion) The deafening silence of the company is nothing more than an effort to make sure everyone is back on the same page, and that management can present to shareholders and the market a clear vision and strategy for the future. The intelligent questions posed by members of this thread (thank you, TKA, for your efforts), will be answered, and soon enough the focus will shift back to the fundamentals, where they belong. The company is still making money, it is growing rapidly, and this short-term internal turmoil, and resulting stock price degradation, are nothing more than growing pains. Short-term traders aside, we are all still here for the same basic reason: This is a good company, with a good business plan, financially sound ($14mm cash in the bank), and demonstrates a great deal of potential to continue its success. Patience will be rewarded. Those of us who believe in this company should not be intimidated, in any way, by these short term paper losses. In order to protect the source of this information from negative repercussions, I have asked MT to withhold my name, and the name of the Board member related to my source. MT is in no way responsible for this information, or for the opinions expressed. Take them all with a grain of salt, since I have not posted in the past and you therefore have no basis for determining my credibility. Honestly, I submitted this info to MT to forward to the thread because I have the best interests of BNGO shareholders in mind, and hoped to alleviate some of the uncertainty surrounding this situation. Best of luck to all BNGO investors!