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Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?


To: sfh who wrote (1840)2/25/1998 12:45:00 AM
From: L. D.  Read Replies (2) | Respond to of 5164
 
Boy, I do not think that you have a remote idea what you are talking about ??? I haven't looked at the insiders report lately but I'll be glad if you could provide us with one, please.



To: sfh who wrote (1840)2/25/1998 1:07:00 AM
From: John Lawrence  Read Replies (1) | Respond to of 5164
 
SFH - Can you say more about how the electronic system would help?

I'm interested. I'd like to hear more.

As I understand the electronic system, and I'm no expert, the benefits would be:

1. More traders, and MM's could execute orders through SOES, Island, DOT, and the other electronic systems.

2. With more traders involved (although they would still be going through the existing MM's), the B/A spread might narrow.

3. With more traders able to see what's happening, the MM's might not have such tight control over setting the B/A spread.

4. Some investors might be more willing to buy shares on the electronic-bb instead of the pink sheets.

One of the problems with the electronic system, which Hans B. explained at the meeting, is that even on the electronic system, those shares which end with an 'F', for 'foreign' only get twice daily quote updates. I imagine that a broker or trader with a small order entry system, like SOES, would get current information, though I'm not sure about that.

Another problem with the electronic-bb apparently is that it is easier for the shorts to bypass the MM's and arrange bigger covering trades. It might also be easier for the shorts to manipulate the electronic-bb. Certainly the Canadian Dealer Network is a playground for shorts. Right now, on the pink sheets, at least the shorts have to work and pay up for the shares they want to cover.

I'm curious to hear how the members of your group think about this.
Personally, I'm looking forward to the day when Sungold can get on to a regulated exchange, either the Nasdaq SmallCap, or the National Market. The National Market will be possible when Sungold gets the go-ahead for Richmond Downs from the Richmond City Council and the BC Gov't., and puts $35 million in the treasury from TAC Investments.

In the meantime, if there's a better way to go about it, I'd like to hear more before approaching the company. Without knowing more, I'd be inclined to think that the guys at Sungold have already figured this out the best they can for everyone's advantage. As I see it, they also stand to gain most by a healthy increase in the share price.



To: sfh who wrote (1840)2/25/1998 1:10:00 AM
From: Cheeky Kid  Read Replies (1) | Respond to of 5164
 
Just a thought. You all must of heard of the movie "TITANIC?" Before this movie was released, there were delays, and the huge production cost of 200 million dollars. Critics were saying it could be the biggest looser in movie history. Do you remember critics bashing this movie before it was released? Lots of negative stuff about James Cameron, his personality on the set, etc.

I didn't buy any of it. I am a fan of Cameron, and I knew it would be a success. Easy to say now, but I did believe it would be a success. The Titanic has this "mystic" about it.

Well these critics were wrong. Titanic is now the most successful movie in Hollywood history, and some predict ticket sales could break 1 billion dollars.

What does this have to do with Sungold? Nothing!! But I personally feel Sungold critics will be proven wrong, and Sungold will be successful.

That's just my opinion.