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To: Due Diligence who wrote (7091)7/29/1998 1:51:00 AM
From: JCinTC  Read Replies (1) | Respond to of 8835
 
Jimbo,
re: BUKS
This guy posted to GaBard to check it out a couple
of nights ago, so i did also.
This is another co whose ship is coming in to late
to save it from delisting. I would wait because the
stock will probably hit .15 before $1 when it lands
on the OTC-bb.
Co sales dropped to 7mil from 16mil(bad)
earnings 1st 9mos +461,449 vs -362,114(good)
They have issued a lot of shares since mar
appr.1.9mil that i see, co must have needed cash & sold a lot
of convertible shares.(not good)
Temporary Services(Butler Temporary Services Inc.)
no revs in 97 or 98. When the co & the tribes open
mgt. expects that a majority of the personal in the
Indian Gaming Enterprises will be staffed by
Butler.<<<what the hell is this?? don't expect it
get it in writing!!>>>>
They have what appears to be a 30% management
contract with the tribes + the development cost
for the casino's.(good) Can't find the exact term's
of it or how long it's for.
Their 10k is late. (bad, would especially like to
see current outstanding & float)
All the aviation subs. increased their sales looks
like avg. 40%.
Food distributors RF, INC. 73% decrease in sales
revs 3,631,051 down from 13,589,037 last 9mos
profits 693,669 vs 1,608,942 in 97
I would want to know if there has been a management change which is causing this very serious decline.
I would also like to what background they have in running any gaming operation.
I think after it hits the OTC-bb & bottom's out it might not be a bad play depending on the casino contract term's & getting rid of whoever is destroying the Redi-Foods div.
...that's the info i found on a late sun. night & haven't followed up with the co.
JC....JMHO



To: Due Diligence who wrote (7091)7/29/1998 6:02:00 PM
From: majormember  Read Replies (1) | Respond to of 8835
 
PLFM...big news and great close today..this could run.

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