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To: zookeeper who wrote (438)	9/26/1998 9:30:00 PM
From: blash	Read Replies (1) \| Respond to of 609

Zookeeper....At risk of sounding like someone with a solid basis in these matters (which I really don't as I have previously announced), I think that some of your assumptions may be incorrect. Forhan has told me that the industry P:E ratio is closer to 30, not 10, if I remember correctly. As to the conversion of book value to stock value, it is my information that the stock price is usually 2-2.5x the book value. I'm not really comfortable addressing these issues, since I do not want to disseminate misleading information. I wish those who are more knowledgeable about these details would step forward and offer opinion and advice. The Form 10 on Edgar is more than 100 pages long. I've read and reread some parts of it because I have been an investor in this stock for about 2 years. During this period, I have had a chance to meet the management and visit Biloxi to see how the operations work. This is not a sham company. It is profitable and IMO well managed. Forhan knows how to operate large companies profitably. He has been successful in the past and is now successfully running his current enterprise after a rocky start. He has a vision for growth and the merger has given him opportunity to guide his company into a Small Cap status. I see no reason why this stock can be fairly valued at its present level. If there is anybody out there that has reviewed the Form 10 and differs with this opinion, I would encourage him/her to offer an analysis, advice, etc. Until then, I firmly believe this stock is sorely undervalued and I am quite confident that management will eventually get the price up to fair market value.