Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?

To: John Lawrence who wrote (3013)	1/22/1999 10:22:00 PM
From: Mike H	Read Replies (1) \| Respond to of 5164

John, You state "Whoever posted this is trying to damage the company.". That does not clarify whether or not the resolution is real. Does such a resolution really exist? Mike H

To: John Lawrence who wrote (3013)	1/22/1999 10:29:00 PM
From: AMF	Respond to of 5164

Nope. Sungold had a contract with an unrecognized group. Once the band was officially recognized, it acquired legal status and the previous contract was invalid and was to be renegotiated. What color is the sky where you live?

To: John Lawrence who wrote (3013)	1/22/1999 10:45:00 PM
From: Rogue Warrior	Respond to of 5164

John, As usual, I enjoy your positive posts and my posting was predicated on the truth of the posting (on profile, it's listed as 'GunLake' and membership 'brand new'). Over the years, I've seen the Management, in between their lack of communication with investors, go from one cesspool to another. Some of it was sheer foolishness and some I simply don't know. I truly hope that the post is a 'plant' but it was well written. If it is true, we have major problems and this is not panic (that disappeared about 2 years ago) but the way it may probably unfold. In any case, given the allegations, an immediate response from the Company is required. The Band (if it is them) pulled no punches and the accusations are serious to anyone caring about their personal integrity and reputation. The Forum is open - and don't worry about 'hurting' the Company. If this news is genuine, our opponents have probably got the consortium rolling for B.C. (assuming that is on reasonably solid ground). Korea was always years away and that made many positive assumptions, not the least of which was the Band deal. I hear the flushing but so far we're just circling the bowl. And yes, it will be a major hit on a personal basis. As always, watching for news on Donald Harris and such like. Regards to us all, R.W.

To: John Lawrence who wrote (3013)	1/22/1999 10:55:00 PM
From: L. D.	Read Replies (3) \| Respond to of 5164

To all Sungold shareholders, I am not a member of SI but have asked my friend LD to post this for me. This is a very strange turn of events for us but we need to look at some things. (by the way, the band IS NOT A TRIBE YET!) 1. Why was this posted on Friday evening at 7:00 by someone who just joined SI today? 2. If it is legitimate, why would the Gun Lake Band be concerned about us shareholders? As well, it is not professional to be posting this on a chat line. Where was the news release or press conference? Did Barrick try to take over Argentina Gold by posting the offer on SI first? This does not make sense. 3. I have spoken twice to the company, and they were not aware of this situation at all. They have been negotiating in good faith with the tribe as late as January. This does not jibe with the statement that the band had terminated all business relationships effective Nov 30/98. Why negotiate in Dec and Jan if that statement was true? 4. The statement, "the agreement is unenforceable as it was never approved by the Chareman of the National Indian Gaming Commission" is OF NO RELEVANCE here because the National Indian Gaming Commission only deal with federally recognized tribes. Our deal was with the Gun Lake Band, who is not a tribe yet. 5. The post stated the Band "had been forced to seek other sources of financial assistance". Are we to believe that Sungold has been supporting the band for FOUR AND A HALF YEARS and then decided on October 30/98 to stop? Just as the band was on the brink of being recognized??????? It is of MY opinion that this is a ploy to get us shareholders to force management into accepting a lesser deal with the tribe. I believe the company when they told me that they were unaware of any of this. While I'm sure Kim Hart will not be responding to this on SI, I am certain that there will be a press release soon addressing this. Ken Rose