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

To: Nittany Lion who wrote (7182)	2/7/1998 3:11:00 PM
From: SE	Respond to of 10368

Well, the folks on Yahoo are proclaiming this to be a pump and dump. We now have Gaines Berland in the picture. Gaines does not have a web-site so I cannot get a real accurate read on what they do or who they push, but I have found many negative things about them. I also have found that a search for Gaines Berland turns up quite a few of their picks. I have examined many of them. Some are up, some are down. I suspect they use the usual tactics that a lot of other firms use. Whether this is a pump and dump and future shareholders get left holding the bag or this is a legitimate concern of Wilson's and he is finally throwing us a bone remains to be seen. I believe that if Wilson is the man that got us where we are today that he can continue this. I still think Corky would have been a better choice, but alas, the decision has now been made...we have Wilson. As long as they keep acquiring new halls and focus on the consolidation of the bingo industry and turn in quarter by quarter results that show a positive increase in earnings, I think we will be OK. This business is not even close to approaching rocket science and I think that even a monkey can run it. Not stating that Wilson is a monkey, <<gg>> but that I believe he can do the job. Uncertainty is slowing disappearing. I don't like the fact that Gaines has been hired, however, it is the card we have been dealt. Personally, I don't think we need Gaines, we simply need to continue to show good solid bottom line results. Let us examine a possibility. What if Wilson does indeed want out, but he still wants to control the company (A/K/A Wilson's net worth) until he can get out? If Wilson sells his shares, he is gone and what do we have left? Not much. The others can continue to run the company, but he and Corky were the main dogs in control. I don't think that that is Greg's plans. I think his plan is to continue to consolidate the bingo industry, work with Gaines for positive PR and what to do on the PR front (Wilson has recognized that this is not his area of expertise) and plan on exiting through a merger or takeover at some point in the future. If he wants out, there is no way he can dump his shares at any price that won't cause the stock to collapse. Therefore, the only other option is to let others run the show and slowly exit over time (I don't believe Wilson will allow that) or to build the company back up and then sell to someone who will give cash for his shares. Personally, I think this is Greg's plan and it encourages me to think that he is back in the saddle full bore with a plan in place. He will be unwilling to accept current valuations of the stock as I believe he is driven by money. This means he must focus on the core business and let Gaines focus on the merger or acquistion front. I see this as a one to two year plan. Certainly a tanking of the price would not be in his plans and I think he is taking the steps necessary to ensure his net worth...and consequently ours. This is all purely my speculation. Whether or not I am on point here is simply blind luck, but these are some of my thoughts. Thought I would share. I still think that Corky running the show would have produced a stock in the mid teens by year-end. I don't have any price targets currently. Too much unknown. Of course, Yahoo boards may be right, but I think that Wilson probably is not interested in the lawsuits that would come via a pump and dump scheme. This company has too much going for it for that to be the plan. That is usually the plan of attack when you have nothing on the table to offer shareholders. Bingo happens to have many things on the table and they make money. Looking forward to an improving stock price. Let's Rock and Roll. -Scott