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To: Joe Master who wrote (7500)	2/20/1998 12:25:00 PM
From: jimmy	Respond to of 10368

>>>Bingo halls to be added in 98=36 (total of fifty by Year end) Ok, I wasn't going to post for a while but I couldn't let this one slide: In July/August of last year AB&G was still promising 25-30 bingo halls by year-end. And even as late as November they were still promising 25. Instead, we ended the year with 14. They haven't acquired any bingo halls in months; they passed on Maryland; they passed on Mississippi; they have been promising Canada for well over a year. They have been sitting on that warrant call money for 2 months now without making a single purchase. Recall that at the Q3 conference call (about 4 months ago), they bragged about the heavy "deal flow" that they had to choose from. I believe the claim was 18 total bingo halls that were in various stages of DD (now it's "10 to 15"). I remember someone proclaiming words to the effect: "so as you can see, we are ready to put those warrant redemption proceeds to work". You seen any new bingo acquisitions lately? Given management's deal-making track record, your assumption of 50 bingo halls by year-end seems foolish.

To: Joe Master who wrote (7500)	2/20/1998 1:39:00 PM
From: Emec	Read Replies (1) \| Respond to of 10368

Joe, I suggest you send your analysis to BNGO.

To: Joe Master who wrote (7500)	2/20/1998 9:18:00 PM
From: SE	Read Replies (1) \| Respond to of 10368

Joe, I am sorry, but with all the time I spent today on talking with JTO and posting my remarks, I have not had time to examine your post in detail. If it makes you feel any better, I sent a letter to Greg Wilson stating they should buy back $1,000,000 worth of stock to send a message to the shareholders that the stock was undervalued. I have not done a study on your post, but a quick read indicates no holes that I can find. Please forward it to JTO for his comments. He would know better than I whether or not it makes sense. Thanks for your contribution. -Scott