Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ed Pettee who wrote (7415)	2/17/1998 5:08:00 PM
From: Joe Master	Read Replies (3) \| Respond to of 10368

Here are my notes from he call Mims Wilson Orton on call. Mims - Legal issues in SC. Votes not there in the Senate to ban Video Gaming. House has always had enough. Had a 2 week period in December when revenues were way down, when the gov decided to try and outlaw the playing of video poker. Orton - 1997 Audit is ongoing. Revenues are about $12.5 million Fourth qtr $2.7 - $3.0 70% gaming 30% bingo. Mid to late march for audit completion. Earnings may be a little less than $.44 Legal and lobbying expenses are higher as are accounting and travel expenses. Financial condition is strong $25 million in assets $4 million liabilities. $2.25 BV/share Revenues $20 million for 1998 $2.5 -$.30 million based on 1st quarter acquisitions only. Earnings of $.25 - $.35 without adding cash effect. 700 machines 400 Darlington 200 free standing halls 100 bingo centers 14 bingo centers 8 sc 3 ala 3 tex 4 more under letter of intent 10-15 more have negotiations more under way 35000 shares sold by Orton in early Jan. Nasdaq application will be filed after audit if price is $5 Share ownership 10% owned by institutional 50% retail 40% management Michael Anderson MP Securities - Mims what do you believe the likelhood of banning video poker? No %'s given but he said the efforts we see now have been tried every year in the past few and have failed every time. They are confident they have votes in Senate. Todd Allen on the 6 closings are the subleases profitable? 2 have been and are making some money for the company. Helped neighboring bingo parlors of AB&G. In all the questions were a bit soft. Whay about the 5 parlors they said were in progress last quarter?