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Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo -- Ignore unavailable to you. Want to Upgrade?

To: Jay D. who wrote (781)	2/2/1998 6:23:00 PM
From: David W. Tucker	Read Replies (2) \| Respond to of 7701

1)If you were a company considering a complete buy-out of NorAm (which I think is unlikely), at what price would you valuate the shares? I think knowing that NorAm already has the VLT project underway, then the company is worth at least $5 per share. [Why hasn't the market raised the price to $5? Because Mr. Market still needs confirmation that the VLT project is underway.] 2)In another sense, I think it would be worth it for a company to spend $10 million to receive 1/3 of NorAm. 3) If someone has a significant interest in the company, why don't they just accumulate every single share they can get through the market? Because it wouldn't be liquid enough for them later. It wouldn't make sense. 4) It is real difficult for us to determine the company's worth because we don't have enough information to go on right now. 5) If the company has 200 machines up and running right now, what is the company worth? There's no way to tell without some monthly numbers on machine output. Just some ramblings... About today's volume, all I can say is bow-wow. Dave