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


To: Troy Griffin who wrote (2091)5/5/1998 10:50:00 PM
From: c.r. earle  Read Replies (1) | Respond to of 5164
 
Troy,

I have mentioned this before and at the risk of offending long term holders I will mention it again.

Regardless of the potential of this company, there are very few people and rightfully so that would invest in a stock trading on the pink sheets on Nasdaq as a new investment. Furthermore its profile is very low, if it were not for SI and the fact that it was listed on a more widely known exchange how many would have honestly heard of this company. And if you were hearing of it for the first time and are a seasoned investor would you seriously consider investing in it trading on the pink sheets.

Certainly the potential is there, but I have always felt cautious regarding how well news releases would be received by new investors with this stock continuing to trade on Nasdaq pink sheets. I know, I know many of you have commented on the fact that once positive news is released, the stock will respond positively. You may be correct, I simply have a different view.

Regards



To: Troy Griffin who wrote (2091)5/6/1998 6:22:00 PM
From: John Lawrence  Read Replies (1) | Respond to of 5164
 
re. trading on another exchange

If I thought that complaining on SI about being on the pink sheets would help to move to the electronic board, I'd complain as loudly as anyone, but the fact is that Nasdaq won't be persuaded by our complaints. The application has been made to list on the electronic board and now it's up to regulatory processes.

People who know about the company and believe in it already have positions. It's true that new investors won't be found in any quantity until there's news. Once the projects are seen to be moving ahead, shares will trade, regardless of where it's listed. The company is deliberately avoiding publicity at this stage, for some very good reasons. Once certain objectives have been achieved, I am confident you will see the company telling its story much more widely. It is well known that the Sungold's President has excellent marketing skills. I'm sure he's chomping at the bit to get going.

I don't know what Hans has been doing with all his trips to South Korea, but he's not there for the good of his health. The Shindo
Island project with the JV partners, the Insung Group, is very much on the front burner. The Inchon Airport is expected to begin operations near the end of next year, and reports are that the S.K. Gov't. is eager to develop destination projects in the region - especially those that could attract foreign capital. A massive highway between Seoul and the airport (which will be the largest in Asia when it is finished) is being constructed. At the AGM, we heard from Mr. Sung that the new S.K. Gov't. is amenable to making the necessary regulatory changes and granting licenses.

Long term shareholders (which judging by the extremely low trading volumes means almost all of us now) know that this quiet period means that the real work of the company is being accomplished. BTW, K.H. is currently away from Vancouver on company business. I don't know where or for what.