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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI) -- Ignore unavailable to you. Want to Upgrade?

To: uptick who wrote (1985)	4/17/1998 1:17:00 AM
From: Frank Fontaine	Respond to of 4539

uptick, The question of a reverse split was brought up in the last conference call which I was part of. It was said at that time that it would only be used in the event that all other requirements were in place for a move from this BB stock exchange to another exchange and the price of the stock did not meet the requirements. Then and only then would they use it. This has already been covered in the very near past. Frank.

To: uptick who wrote (1985)	4/17/1998 1:31:00 AM
From: Frank Fontaine	Respond to of 4539

uptick, Here is a copy of a post dated March 25th which deals with the question that You have brought up. You can also go back to the March 25th postings and read them You're self. Frank. To: +Frank Fontaine (1724 ) From: +ROSARIO Wednesday, Mar 25 1998 7:55PM ET Reply # of 1986 It was also said that the stock would have to be at least at $1.00 before any reverse split. Looking for that move soon!!!!GOOD LUCK

To: uptick who wrote (1985)	4/17/1998 9:43:00 AM
From: tgs59	Read Replies (1) \| Respond to of 4539

Uptick, I would certainly agree that they need to eliminate those convertible debentures. From the 10K page F-15 (note 9 Long-term debt) interest on the $1,249,286 is 2% per month. Accounts Receivable page F-2. In the third quarter the company was carrying $459,000 in A/R. This was quite high, given average monthly sales of $100K and industry practice is weekly billing. The 10K indicates the company has recognized the doubtful collection of a large portion of its receivables. Fourth quarter A/R of $234K is still quite high relative to monthly sales. I still believe that the proposed financing will have an impact upon current shareholder values. The company has a negative financial net worth per the balance sheet. Given the relative risk, any financing source is going to expect or extract a substantial premium from the company. The financing source in effect controls the destiny of this company, thus they will expect a return commiserate to the risk. What happened to the sale of the MO land? Is the proposed financing from offshore sources? tgs59