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Non-Tech : Gaming Lottery Corp (GLXW) - Good Prospects? -- Ignore unavailable to you. Want to Upgrade?


To: HSchwartz who wrote (194)4/5/1998 3:36:00 PM
From: Dan Thomas  Read Replies (1) | Respond to of 473
 
Good question ...

I heard the same rumor several weeks ago ... but I have NO
proof. Of course, I can't prove development is still going either.

That is problem with most of the small-cap stocks -
NO COMMUNICATION, either good or bad.

I noticed that NO press announcements have been forthcoming,
odd as a PR man was recently hired. Perhaps the feeling is to say
nothing hoping the bad news can be cleared up (damage control).
If the rumor is true, I see a sharp plunge in stock price.

Let's hope GLCCF had the sense to get control of program module
source code to date, should they need to affiliate with another developer.

GLCCF has NEVER had stellar respect as a business concern.
GalaxiWorld was where rubber met the road for them.
Looks like a skid off the road coming if the rumor is true.

Regards,
Dan



To: HSchwartz who wrote (194)4/30/1998
From: Tom W.  Read Replies (1) | Respond to of 473
 
GLC offline? It doesn't look like GLC will have their site online tomorrow - the supposed launch date.

Sounds like your rumor was true that development of the site did come to halt because of a dispute.

I am sure glad I got out of this piece of crap some months ago. With another deadline missed, this turkey should be trading below $1 soon.



To: HSchwartz who wrote (194)5/4/1998 7:18:00 PM
From: Sam MK  Respond to of 473
 
My understanding that CIT and another company (I do not remember their name) was the contractors for the whole casino, and they have been working on it for more than a year!!. I also heard that there is a big dispute on the contract and both companies are accusing GLC of terminating the contract and steeling their work. I heard rumors that this issue may go to court soon. May be this is why the site is not open yet?!

Regards