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To: T.K. Allen who wrote (8635)5/23/1998 9:56:00 AM
From: Dale Baker  Respond to of 10368
 
As one of the former BNGO holders you contacted who said, "Not now, maybe later" let me set out my reasons for the thread (and for management if they are reading). Most have been covered here:

--Lack of positive action with the warrant money. The common was trashed to get this money and it hasn't been used.

--The management confusion. Childish, but hopefully a thing of the past.

--Poorer than predicted performance at the bingo halls

--Political uncertainty over video poker

--The management compensation issue (my latest reason to watch and not buy)

If most of the above are fixed and BNGO can close and hold over $5, I will be back. Keep up the informative discussion in the meantime. I enjoy lurking here.

Good luck to all.



To: T.K. Allen who wrote (8635)5/24/1998 2:20:00 AM
From: steve armon  Read Replies (1) | Respond to of 10368
 
I actually find it encouraging that the market has awarded BNGO with a PE of 33 given the hammering this stock has had since the warrant call. If our new CEO can deliver another year of record earnings and we emerge unscathed from the South Carolina problems (big "ifs" I know) then the stock price should rise accordingly IMHO.
Steve