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Non-Tech : Lake City Gaming: LCG-V -- Ignore unavailable to you. Want to Upgrade?

To: K. Anders who wrote (40)	12/2/1998 12:07:00 PM
From: Jerrold Annett	Respond to of 124

Karl, I can answer this for David since in previous posts we have discussed the 800,000 share public float. Much of the 2,000,000 or so public float is tied up in shares that have been bought by employees that have stashed them away in their RRSPs. This doesn't mean they can't actively trade the shares....but they are more likely to wait for a year or so when the stock reaches (my guess $10) before considering a trade. IR for LCG says these type of investments in LCG have tied up to 1.2 Million Shares. This leaves about 800,000 shares that are active (present day).

To: K. Anders who wrote (40)	12/5/1998 7:42:00 PM
From: David Michaud	Read Replies (1) \| Respond to of 124

I expect the company to issue a press release next week regarding additional short-term expansion plans. In addition, the Goepel McDermid brokerage report is expected to be released. I have heard that the report states a target price of at least $5 (1 year???-not sure of time frame yet). LCG's investor relations firm is also touring some B.C. interior brokerages to make them more aware of recent developments. The grand opening of the expanded Vernon casino at the Village Green Hotel is scheduled for December 15th. I will be in attendance and will pass on any comments following the event to subscribers. The stock has retraced about 50% of its latest rally which was about 35% from its low to high. This is a common pattern, nothing to be concerned about. The stock has since consolidated on low volume (with the exception of a 200,000 cross last week - this has some significance to expansion plans) in the $3.50-$3.60 range. This is a healthy trading pattern - note that we are not seeing a lot of selling from the IPO participants who are in at $1.50! (reprint from Grant @ BLSH )