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Gold/Mining/Energy : Software Gaming Corp. SGMS/CDN-OTC -- Ignore unavailable to you. Want to Upgrade?

To: Ed Gee who wrote (355)	2/28/1998 8:56:00 PM
From: Doug Heuring	Respond to of 1968

here is the latest from topcat, at stockhouse, thought we may enjoy reading it Spectacular week, $0.65 on 7.985 M shares2/28/98 09:4175488<Picture><Picture: Previous Message>Previous MessageNext Message<Picture: Next Message> WOW... is all I can say again... closing at $0.65 on about 8 million shares...!!!! there have been a lot of great questions on this discussion group... let me see if I can address them... yes I sold some above $0.80 but I also bought them back late in the day at $0.65... early morning trading drove in a lot of buyers and it was clear that profit taking would occur, so I took advantage of this swing... BUT... BUT... after careful analysis, there has been some very strong buying above $0.50 ( over 7 million shares)... and about 3 million over $0.70... if you use the doubling penny principle... those buying at $0.20 sold at $0.40, those buying at $0.40 flipped some out above $0.80, however, likely about 1/3 new investors have purchased above $0.50 and are looking for the breakout over $1.00... and a portion who bought in earlier likely only sold part of their positions... SO... likely more news coming from FDCD and the price should go higher... "someone" said... Now, no one is asking what is the % of the issued shares that the management has? Also, VERY IMPORTANT, what are the current options and warrants??? At what price? How many? to who? at what condition? Will they dilute the market by half or more when issued?" these are good question which I don't have an answer to... I have been told that most of the stock is loose... and from what records I have read, directors own very little... so this tells me that this was a loose shell when taken over, lots of float (in excess of 10 million shares) and likely there are some big private shareholders... but I will ask more detail when I call the company on Monday... some keep talking about TPIL and why it is only worth $0.15.... my only conclusion is that they were another type of company and this abrupt turn in their direction has to be analysed by investors... also, their software is not ready, thus I would expect they are still sometime from the market... "elnino" talked about CRYP and competition clauses and that FDCD is developing their own software.... all I can say here is that it appears FDCD has cut a different deal with CRYP... this is obvious from the Casino site having non-configured openings for Bingo and Sports Betting which FDCD says they are developing.... until the full site is launched I don't think we will now anything from CRYP and I am not sure we will ever find out all the details... BUT my analysis prior to the last week appears to be correct... FDCD was obviously forced to put CRYP name in the release thus confirming my assumption that the software was from CRYP... now my next guess is that there is a lot more than meets the eye that we will be finding out over the next few weeks... FDCD is waiting to have all servers (in the Islands and Europe configured and turned on ) before the big promotion full-pay blitz begins... one thing is for sure.... FDCD is getting lots of attention and there has been some very big buyers on the board... this tells me that there is definately more room for growth.... but remember this is still a speculation on revenue... there are no revenues yet... <Picture: Previous Message>Previous MessageNext Message<Picture: Next Message>Post New MessageFDCD Forum MenuMain Forums MenuTo link to this message externally, use the following hyperlink: stockhouse.com