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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI) -- Ignore unavailable to you. Want to Upgrade?

To: Brian H. who wrote (3228)	6/27/1998 4:44:00 PM
From: ISOMAN	Respond to of 4539

There is probably going to be a reverse split so that after the shares are reduced in number, they can put in a private placement. This means that they will add more shares, but 999 out of a 1000 they are restricted. They wouldn't announce the details, probably because if the private placement falls through, they would need to look elsewhere. Look at it this way, right now nothing can happen until the funds are raised. If the funds are not raised, then nothing happens. If nothing happens, the stock will stagnate. (look at GZON thread) However, if a reverse happens, and this causes the financing to be raised, then you have a chance for "something to happen". So I guess you have to decide if you want 100% of nothing happening, or 25% of a possible "something" Thats what it boils down to, to me. You have to remember that Blue Sky statements do not protect OTC BB companies, so if they say we are going to blah blah blah, and then they don't come through, they risk litigation. Sometimes less is said to protect the investor as much as all other business negotiations. I doubt ATGI could deal with a nuisence lawsuit at the moment.

To: Brian H. who wrote (3228)	6/29/1998 12:39:00 PM
From: John T. Hardee	Read Replies (1) \| Respond to of 4539

If they reverse split , the new shares will be down 50% or better in the first week + they will increase the share outstanding in private placements + sent out some Reg s shares. At best we could see AGTI new shares selling for .10 to .18 cents. Right now those people which have avg cost of .88 cents would have to see AGTI at $35 or better to break even after a reverse. This big shot company lives off of selling the shares and has been doing so since they started. AGTI posted word was we should see profit in about 3 qtrs and they have been saying this for 4 + years. I gave up calling them, Some common answers were , dont't feel sorry, My shares are down also . I am losing just as much money as you are, but we expect profit in the next qtr. What ever happened to the deal in England and all the unit on order which were to make money. There were to be 5000 units placed back in early 1997. You need to have rubber hip boots on when you read about the old glory stories AGTI has made public. I got Fax messages going back to 1993 . .