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

To: james r. davila who wrote (7603)	2/24/1998 11:27:00 PM
From: T.K. Allen	Respond to of 10368

James, although I agree earnings is a major consideration, I think it matters a great deal what happens in South Carolina. After all, 70% of AB&G's revenue comes from South Carolina. What do you suppose will happen to their earnings in 1999 if Gov. Beasley prevails? Perhaps more importantly, what do you suppose will happen to their stock price if Gov. Beasley prevails? I'm sure there are many shareholders out there who bought in expectation of the VGM business remaining viable. If the VGM business is going to disappear (even 1 year later), I am sure many of those folks will sell right away rather than wait for the revenue loss to hit the bottom line and be reported in an SEC filing (which probably won't show up until about November, 1999). Unfortunately, as things stand at this point in time, if VGMs go away all us investors have left is 14 bingo halls, cash in the bank, and hopes that AB&G can do a better job consolidating the bingo hall business in 1998 and beyond than they did in 1997. I know that sounds awfully pessimistic. Maybe they have a viable alternative to the VGM (I sure hope so) but I haven't seen it yet. That no net gain in bingo halls in 1997 I find profoundly disturbing. TKA