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To: T.K. Allen who wrote (8443)5/5/1998 11:49:00 AM
From: Amp Grewal  Read Replies (1) | Respond to of 10368
 
Good call TK, if we collectively voice our opinions in a professional manner, I'm certain he would pay heed to our concerns. We certainly don't want to antagonize him, however pissed off we are. If we can voice these concerns without bombarding him with multiple e-mail notes, he should be willing to address them. Comments??

Amp



To: T.K. Allen who wrote (8443)5/5/1998 1:23:00 PM
From: Robert L. Akers  Read Replies (1) | Respond to of 10368
 
I think a letter like that would be a good move. I think we can come
up with a good list of concerns and questions, as we have in the past.
If we do, I think it would be good for it to bear our names. I know
we have had no luck in collectively divulging our share holdings in
the past, and for very good reasons of privacy. But the company will
have our proxy statements, and if they choose to tally the shares, I
think they will find a very large bloc represented.

We should also consider options for the forum for the company's response.
Factors that have limited communication in the past are the need for
relative brevity in the conference calls and the need to ensure that
inside information is not being selectively disclosed to some
shareholders and not (or only secondarily) to others. The web site seems
like a good place for baseline answers. If a response were posted
prior to the annual meeting, perhaps the inevitable follow-up questions
could be formulated and posed at the meeting.

Larry



To: T.K. Allen who wrote (8443)5/5/1998 6:11:00 PM
From: Nittany Lion  Read Replies (1) | Respond to of 10368
 
TK,

I too like the idea about the letter - even though many of the Feb. questions were never really answered, they did address some of the more critical issues and Mr. Hilliou should be anxious to start out on a positive note. I'll begin:

1. What exactly is the business plan?
2. Are you waiting for the S.C. court decision before investing the W.C. money?
3. What are the five Mississippi Corps. listed as subsidiaries on the 10K?
4. Please explain the discrepancy in machine count, ie. form 10K lists 755 machines but S.C. Machine Game Quarterly shows 917.
5. Please discuss the current Management Salary Agreements

On another note, I would love to know where Mr. Hilliou is currently employed - they don't seem too anxious to disclose this in the three separate announcements on his hiring. Also, I wonder who it is that Mr. Hilliou prefers over Mr. Gilbert for a seat on the board, and why?

It just occurred to me that I am assuming you are willing to draft this letter - I'm sure those of us left will appreciate it, if you are.

Gary