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To: Jonathan Bulkeley who wrote (7437)	2/18/1998 8:15:00 AM
From: Emec	Read Replies (2) \| Respond to of 10368

Jonathan, I agree with you. A prior poster said this is a long term investment now. I do not necessarily agree. 30 cents for 1998. Average PE of 17 for the industry for those companies that even have a PE. That would put stock at $5.10. If they do the 40 cents it's $6.80. I believe BNGO can support a higher multiple with its revenue growths. As for the number of centers not growing (net) yet in 1998, wake up people. Those of you that understand business on the thread understand that sales for the point of sales is silly. Earnings is all that matters. i would rather see a company with 20 million in sales and 40 cents/share than a company with 100 million revenue and 30 cents/share.

To: Jonathan Bulkeley who wrote (7437)	2/18/1998 9:36:00 AM
From: SE	Read Replies (3) \| Respond to of 10368

Jonathan, That is exactly why I came away feeling so good as well...but you stated it better. Long term this CC is beautiful. A doubling of operating profit this year ... imagine what that is going to do for you in 1999. Wow. Also, these guys are young in terms of running a public company, much less a large public company. This has come from a couple of bingo halls to where it is today and they are learning as they go. I would rather see them close a couple of halls down and then plan on NOT making that mistake again in the future than to keep them open and not mention that they are losing money. An acquisition of a competitor to close them down is not a negative either. Overall...long term I am more impressed than ever. I think Wilson has a big plan up his sleave for management and simply ducked Kecseg so he did not have to give any details. As much as I believe he is a control freak and wants to be in charge of everything, he recognizes the need to have a well known person with experience at the helm to lead the company in front of the shareholders and the instititions. Greg Wilson's name is still an unknown commodity. That's it for now....work to do and BNGO for sale, or so I am led to beleive. Buy it while it is cheap... -Scott PS - I don't see a rocketship on the stock price any longer and my earlier personal price projections for this year have been slashed tremendously, but all in all I still see this as a double from here, probably better.

To: Jonathan Bulkeley who wrote (7437)	2/18/1998 11:41:00 AM
From: jimmy	Respond to of 10368

It was obvious that this was the first conference call that these guys have done. They were nervous at the start which I thought was cute. No, they did a Q3 CC and a Q2 CC last year. Can you imagine Wilson as the point man for selling AB&G to skeptical institutional investors? He's a lawyer, you know. How would you like to have him arguing your case before a jury? I'm not bashing the guy.. just pointing out why a guy like Logue was important. They kept referring to their business plan. These guys have a clear plan and they will execute it if the market doesn't change. Nothing new. Wilson wants to grow the bingo business. Perhaps Logue wanted to capitalize on the uncertainty surrounding the S.C. VGM market. Obviously, AB&G could probably scoop up VGM's at bargain basement prices in this climate - a high stakes gamble that could reap tremendous rewards if the pro gaming forces prevail. This has always been a long term investment for me and as I have always said a 12-18 months from now the stock will be significantly higher. $10-$13 would be my best guess. We have been saying that for at least 12-18 months already. A little history: "it sold for about 4.50 a year ago is at 2.00 now. At the beginning of this year it had 9 bingo halls has at least 18 now and possibly 30" - SI post #1 dated December 2 1996 "As of this writing, ABG has twelve bingo centers, either company owned or owned by one of its subsidiaries, in Texas, Alabama and South Carolina. However, we believe the company could quite possibly have 20 centers by year end, thanks in large part to the leadership of its relatively new president, Courtland "Corky" Logue, Jr." - Global Penny Stocks Research Report September 19, 1996. "Logue has the reputation of being somewhat of a genius at acquisitions and financing," - Global Penny Stocks Research Report September 19, 1996.