To: T.K. Allen who wrote (8727 ) 6/9/1998 8:07:00 PM From: Market Tracker Read Replies (1) | Respond to of 10368
Tod, With BNGO's (read Mr. Hilliou's) acknowledgement of prior excesses, I'm beginning to feel more optimistic about the future. The SCSC decision is due anytime now, and the announced move of BNGO corporate HQ from Austin to South Carolina bodes well. There may even be some political ramifications associated with the move, but then I've always been a conspiracy theorist. I was very surprised to see Florida mentioned as an area of possible future expansion. Perhaps we are not persona non grata in the Sunshine state. We were after all, innocent victims (read dupes) of prior activities in Florida, so maybe that market is still "open" to us. If perchance Andre could pull off a Florida deal for Bingo and related vgm "halls", he'd be worth his weight in gold to us. I really find this "Florida mention", of particular interest. The website, having had some recent changes made to it (prior ones), is yet another indication that things may have begun to move forward a bit under Andre's auspices. The "toughness" of the decisions made Re: salary reductions of both Officers and Directors, consulting fees, rank and file, etc. show me he (Andre), not only is a take charge guy, but he has the blessings of the Board. So far I'm impressed with the initial activity I see. If I ruled the roost, and I had a board of directors comprised of "gaming people", I'd opt to initiate the buyback program at these levels. If they can make this thing go, the additional financial "buying power" gained from any share price rise from these depressed (and ultra-low volume) levels, would only serve as frosting on the cake. Heck, shares at these levels ought to at least appreciate by the long bond rate over the next 12 months. If not, we're all in trouble. :) Gary