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To: Robert L. Akers who wrote (8469)5/6/1998 4:28:00 PM
From: Citibob  Read Replies (1) | Respond to of 10368
 
Robert I think your points are well taken. I think however hanging our hats on VGM's in SC as a major source of revenue is foolhardy given its political climate. Gambling product diversification coupled with multi state participation will help.

Your item 4 concerning shareholders I totally agree with. I hope Hilliou knows coming in the door his fellow current and former senior executives ( I am using that term quite loosely :)) have done wonders in destroying credibility both in the market as well as with its shareholders. South Carolina's political climate in itself did not cause this company to stumble so badly.

Though I do not expect to hear it a heartfelt apology it would be a good start in rectifying predecessor damage. This company exists for all its shareholders not just a greedy few. My prayer is he cleans house with a vengeance.

Citibob



To: Robert L. Akers who wrote (8469)5/6/1998 4:41:00 PM
From: T.K. Allen  Read Replies (1) | Respond to of 10368
 
Larry: I agree with your scenario for a rebound. Although it is too soon to tell exactly how this new management team will respond, I think it is fair to say that some members of the Board recognize that things have not been handled well recently and they, along with us shareholders, have been hurt by it. I keep reminding myself that some members of this Board have a VERY LARGE vested interest in seeing AB&G do well. Just in case anybody forgot, Harrison and Mims turned their operations over to AB&G for stock when the price was around $8.00/share. There have clearly been some changes made (new CEO, new Board members, Wilson no longer CEO, etc.) and I think there will be more to come. If we can combine some more positive indications about AB&G's internal philosophy and operations with some good news from SC, I think BNGO may start rolling again.

TKA