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

To: Ed Pettee who wrote (7291)	2/12/1998 10:44:00 AM
From: SE	Read Replies (2) \| Respond to of 10368

Ok, I will. Maybe that will set some perspective on this whole deal. I am in the middle of it right now, so don't know when I will get to it, but it will be posted later today or tonight. Should I assume all future acquisitions are done for cash and just use 9.5 million shares? -Scott

To: Ed Pettee who wrote (7291)	2/12/1998 10:46:00 AM
From: SE	Respond to of 10368

TO Chalice: You crack me up! This is very very funny, if I wasn't living this nightmare with you. -Scott --------------- Subj: $3 1/8 is still to expensive for me By: SChalice Date: Feb 12 1998 7:40 A.M PST Reply To: Msg. 549 by StaciTrevrress DMT is a very potent psychedelic. It is manmade and is normally smoked. It causes virtual blindness and extreme hallucinations. A trip lasts for about 30 minutes but because of its mind altering effects seems like hours. It can be a horrifying experience much like investing in BNGO.

To: Ed Pettee who wrote (7291)	2/12/1998 11:34:00 AM
From: SE	Read Replies (3) \| Respond to of 10368

OK, so I could not help myself. Had to see what the numbers would come out to! :) Done two ways...based on gross revenues and a 30% net profit margin and based on net taxable profits by category less general corporate expenses. Interest income was run on a program I have. Tear away...this stock is a steal! Haven't we all be saying that? -Scott =========================== 1998 - 700 VGM's Revenues Profits Gross per machine $19,300 state ave 13,510,000.00 4,200,000.00 21 Bingo halls SC 11 360,000.00 150,000.00 3,960,000.00 1,650,000.00 AL 4 400,000.00 175,000.00 1,600,000.00 700,000.00 TX 3 210,000.00 100,000.00 630,000.00 300,000.00 Current Operations 19,700,000.00 6,850,000.00 50 Bingo Halls 1998 Average Gross of $300,000 for 1/2 of the year, $125,000 profit 7,500,000.00 3,125,000.00 Interest Income $13.5 million, 6%, $200,000 withdrawal per week to pay for halls 523,000.00 523,000.00 Gross 27,723,000.00 10,498,000.00 Pretax Margin 30 % 8,316,900.00 Corp Expenses 2,500,000.00 Taxable 8,316,900.00 7,998,000.00 Tax 2,910,915.00 2,799,300.00 Net Income 5,405,985.00 5,198,700.00 Per Share 0.5691 0.5472 Twenty Times Earnings 11.38 10.94 ------------- 1999 - 700 VGM's Revenues Profits Gross per machine $19,300 state average 1/2 year operation 6,755,000.00 2,100,000.00 71 Bingo halls SC 11 360,000.00 150,000.00 3,960,000.00 1,650,000.00 AL 4 400,000.00 175,000.00 1,600,000.00 700,000.00 TX 3 210,000.00 100,000.00 630,000.00 300,000.00 50 300,000.00 125,000.00 15,000,000.00 6,250,000.00 Current Operations 27,945,000.00 11,000,000.00 50 Bingo Halls 1999, Average Gross of $300,000 for 1/2 of the year, $125,000 profit 7,500,000.00 3,125,000.00 Interest Income Will run out of money this year after 21 halls purchased 51,000.00 51,000.00 Gross 35,496,000.00 14,176,000.00 Pretax Margin 30 % 10,648,800.00 Corp Expenses 3,000,000.00 Taxable 10,648,800.00 11,176,000.00 Tax 3,727,080.00 3,911,600.00 Net Income 6,921,720.00 7,264,400.00 Per Share 0.7286 0.7647 20 Times Earnings 14.57 15.29 ------------------- -scott