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To: Ed Pettee who wrote (7420)2/17/1998 7:55:00 PM
From: mark cox  Read Replies (1) | Respond to of 10368
 
Hi Ed, about the bingo halls that were shut down that were competing with our own halls. They said that they were basically bought to get rid of the halls that were competing with ours.
One thing is for certain after hearing the CC. is that BNGO is definitely a LONG term investment. If they aren't going to spend all of that money this year I would like to see them buy back some shares, long term I think they will make alot more with it than to leave it in the bank.
They stressed that they would be adding more people to the management team over the next couple of months. They probably can't acquire halls fast enough with the few people they have now. With 35,000 halls in North America I would think that they could buy as many as they wanted as fast as they could and take the best deals as well.
Overall I wasn't too impressed with the call.

Mark



To: Ed Pettee who wrote (7420)2/17/1998 8:05:00 PM
From: Silicon Trader  Read Replies (1) | Respond to of 10368
 
Because the investors will hang them if they annoucne 15 and then come up with only 12 , so they create a resonable range to discuss, something that they can accomplish.

Im sure they have several discussions going on and probably plan to have more , once again this is were they are getting the range of halls. JMO.

GO NRAG MBA