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

To: Yamakita who wrote (7465)	2/19/1998 8:47:00 AM
From: sweez	Read Replies (1) \| Respond to of 10368

Does any body know why BNGO FILED AN 8K/A fEB 18 1998

To: Yamakita who wrote (7465)	2/19/1998 9:04:00 PM
From: SamYan	Respond to of 10368

Hi! Yamakita: I was living in TX between Sept.,1995 and June, 1996. Before May, 1996, I called the company many times, and one lady took my phone no. and my name. But nobody called me back. The lady always said that Mr. Wilson was in New York, probably he made some presentation to institutions. She did not let me visit the company because nobody was there. Late May, Henry answered the phone and let me visit the company. So, I visited the company once, and tried to attend the annual meeting. After the meeting, Corky came to me (I was seating on the sofa outside the meeting room). Mostly, I learned from the IPO document and the annual report, plus S&P files. That time, it was a lowest point for the company. However, stock was trading above $3. My feeling then was: Big negative was family control company and crook underwriter firm. Because no firms were willing to support its public, IA got this chance to be its underwriter. It was a turning point for the company. But stock price further down after good news released again and again. I think, the reason for the falling price was due to IA's manipulation and credibility. The big spread was set only to fat the firm. On the other hand, the company was so generous to give its stock share. I remember, JTO mentioned 'zero-in' stock supply. I learned that bingo business could be very profitable and big risk would involve legal problems. Even Mr. Wilson is a real estate lawyer, he failed in Florida case, which caused big consulting fee. We all agree that this stock can be a long term player if the management team continues to learn many things from past lessons. This company needs Mr. Wilson who has more experience in the law and political game. Henry is Wilson's long time friend, he also has law degree. That time, JTO was a part time student of UT at Austin, furthers his B.A. degree in accounting. Now, I feel that the company is very young, the management team is still in the learning period. All the management members have no experience to run a new company. At the bad time, it keeps quiet. At the good time, it promises so much to the shareholders. At this moment, it keeps quiet too. Should it learn something? I believe that it has a bright future if the management keeps learning. I am a passive investor for the long term, especially to this stock. It was so violate because insider control and market maker. Now, the company becomes more attractive than before, in my opinion. 1, no more family control. Thanks for Corky's leave. Since family can not control this company, institutions would like to participate in. Good news came from CC was 10% institution holder. What next step for institution to do? Jump on the board. Shareholders have majority vote power. Let institution shareholder represent our shareholsers. This will be a very positive factor for the stock. It will be a true symbol for this public company. When we have outside board member, we have our voices in the company. For company's direction and reward for the management team based on its performance. Operational cost is very important for a small company. 2, The company makes money. I do not expect very good earning report for fourth quarter. The CC gave us a signal. I expect an acceptable result. 3, More experience, good or bad. The management should learn a lot in past three years. The CC tells me that the company will face the reality, not just based on a few good quarter results. When the company size is small, the percent figure will be very good if it has a little improvement. I like companies that start more conservative, then speed up after they have more experience and reputation. Thank you Sam