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

To: Citibob who wrote (7268)	2/11/1998 3:12:00 PM
From: Jonathan Brown	Read Replies (1) \| Respond to of 10368

Citibob, the No. 1 issue is VGMs. Because of political and business uncertainty (leaving aside boardroom brouhaha, insider selling, PR debacles, and so forth), BNGO is dangling on its chart with no support. (Apologies to Scott, but BNGO is showing no signs of a change of trend that I can discern.) The conference call must address the exact dimensions of the company's VGM exposure, since in my opinion the stock's failure to rebound is a direct consequence of same. If Wilson et al. can reassure stockholders about video poker, BNGO might build support. Without that, the fundamentalists among us will do well to hunker down (what a phrase) with their survival goods--EPS growth, cash for acquisitions, and whatnot--while the stock goes on sliding. For myself, I'll only be inclined to buy if I get a better idea of what I'm buying. TKA may be absolutely correct about the ultimate outcome of video poker in South Carolina, but while serious doubt remains, BNGO looks like a gamble rather than an investment. Besides, and correct me if I'm wrong, aren't Mims and Harrison, who are board members, from the video poker camp? If that's true, how settled are we to believe the emphasis of the company back toward bingo is? We need clarifying words from management. Let's see what it will deliver, on AB&G time, of course, i.e., never when it says, but always later (as in the conference date) or earlier (as in the warrant call). J