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To: Ed Pettee who wrote (7281)2/12/1998 8:49:00 AM
From: Ed Pettee  Respond to of 10368
 
The comment by Bob Sheheen is germaine "While anti-poker forces won the battle, few think they are even close to winning the war. This is the second step in what is a pretty long journey",said Rep Bob Sheheen, the Democratic former House Speaker for Kershaw county.



To: Ed Pettee who wrote (7281)2/12/1998 8:49:00 AM
From: SE  Read Replies (1) | Respond to of 10368
 
Ed and TKA:

I must confess, I would not be interested in an email campaign to SC. Personally, I live in WI and do not feel that I have a right to comment on what SC decides to do with its business. This is a state issue and one where I have no right to impose my opinions. Best of luck if you mount the drive, but I think we should leave that up to the citizens of SC. They have to live with their decision.

Yes, I hold BNGO, but that does not give me a right to interfere in their political business. I am a resident of WI. The company certainly has the right to work the political scene and they are doing so. The company is making its wishes and desires very well known to those in charge. I suggest we continue to let them do so. I would hate to make the legislators angry and have that have some impact on the negotiations going on with the company. I think it would be overstepping in a big way and may cause some harm. If Wilson wants our help, all he has to do is ask and outline what it is he desires. To do anything on our own might hinder his plans, regardless of our intentions.

Sorry, TKA. Well, that is my feeling anyway.

-Scott



To: Ed Pettee who wrote (7281)2/12/1998 9:05:00 AM
From: DJB  Respond to of 10368
 
To all,

I do not agree that the market is being inefficient with BNGO. I have taken this simple approach.

Assumptions:
VGMs are banned
1997 EPS .45
40% of 1997 EPS are from bingo halls

EPS of .45 x .40 = .18 EPS for bingo halls
.18 x 20 PE = 3.60 (near current price of the stock)

My feeling is that the market has discounted the VGMs. Growth in the stock will come as additional bingo halls are added. If VGMs are not banned then we will probably see a jump in the stock price.

This is just my opinion and all constructive comments are welcome.

Dennis