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

To: SE who wrote (7408)	2/17/1998 1:49:00 PM
From: mark cox	Read Replies (2) \| Respond to of 10368

Could it be that the cash levels are approx. $2 million lower because BNGO decided to buy back some shares? Who knows better than the company what BNGO could be worth a year from now? Let's say it doubled to $8.00, that would be a $2 million gross profit. If they were to then use those shares in an acquisition I believe they wouldn't have to pay any capital gains because the money was reinvested in the company. Any CPA's out there? Or maybe they have already closed on some deals with that missing cash. I am not familiar with how a company can buy back their shares. Do they only have to have a board meeting and vote to do it? Anyway we will find out in a couple of hours. I do agree with Jimmy about not going above $5 until we hear or see something directly from the company that is very positive. $5 is a resistance level. Mark