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Non-Tech : GameTech Int'l. GMTC < SATELLITE Bingo and more > -- Ignore unavailable to you. Want to Upgrade?


To: Timothy R. West who wrote (209)5/29/1998 5:26:00 AM
From: *ROSARIO*  Read Replies (1) | Respond to of 400
 
Maybe you can find out the following for me:

**How many INVESTORS were hurt by the GMTC'S 3.7 Million Dollor IPO.

**How much has GMTC spent on LITIGATION expenses relevant to the class action suit against them for FRAUD, MISSTATEMENTS, and OMISSIONS.

**How much does GMTC expect the total litigation costs will be??

**Is it true that some of the GMTC officers are being prosecuted both CIVILY & CRIMINALY??

**Is it true that the GMTC stock had TANKED more than %400 after GMTC was caught LYING to the public.

**Is it true that TGS59 continues to RECRUIT friends and employees to be part of his DOG & PONY SHOW??

**Is it true that TGS59 is FREAKING out on the EXPECTATIONS that AGTI will eventually cost him and GMTC MUCHO DOLLORS?

**Is it true that TGS59 takes his DOG & PONY SHOWS to other threads.

BEST REGARDS



To: Timothy R. West who wrote (209)5/29/1998 10:26:00 AM
From: tgs59  Read Replies (2) | Respond to of 400
 
Timothy,

Other than nagging aggravation and fuel for Rosario, I don't think to much of the securities lawsuits. Unfortunately this is common practice today and has been a good feeding ground for lawyers. I looked at the allegations and from what I saw they were completely wrong. I believe that the original stock drop was precipitated by inaccurate reporting confusing GMTC with MGAM, though a GMTC press release did not help clear the confusion. Anytime you have such a dramatic drop you will inevitably attract a lawsuit and it did. In my opinion there will not be any material impact, but as things develop this can be further evaluated.

I do not have any information about restrictions, but would suggest a call to the company. John Paulson is the CFO and could provide an answer (602-804-1101).

Let me know if you need any industry information.

tgs59