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

To: tgs59 who wrote (4369)	2/7/1999 10:57:00 AM
From: Chief	Read Replies (2) \| Respond to of 4539

tgs59, I want to thank you for your post. There will be no "storm" from this camp. When anyone posts such an honest opinion and identifies each statement as such, it is for the reader to evaluate and accept this post for what may be worth to them. Additionally, you have disclosed your business interest with a competitor and yet that does not preclude one from investing in any stock he or she may choose. Any positive statement about AGTI at this point should be suspect. That is not to say that we may not have any future, it simply is to say that our immediate future is not going to be full of wine and roses. As a sideline to all, just remember when our stock was trading in the one half penny range. Well, at least we have found a new floor from which we may find support. I was in the process of stripping my AGTI stock certificates of my den wall when all this activity started. And, now I am on hold for the time being. I believe the next time frame for some significant activity will be the newly assigned court appearance in about three weeks. Still long and strong ( well, at least long AGTI ). Warm Regards, Chief

To: tgs59 who wrote (4369)	2/8/1999 1:01:00 PM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 4539

TGS59, thank you very much for your detailed answer. WOW. It stunned me. You obviously understand matters I do not, and you also answered the question I just put to John Hollen about Dan Scott. Could I ask you to clarify something? You said "6. ... shareholders need to remember that they will rank at the bottom of the priority list as the court considers any reorganization plan." In what way are shareholders at the bottom? My understanding is that shareholders would be at the bottom in the event of a liquidation, but unless shareholders shares become worthless (I guess the co. can issue new shares, invalidating the old ones? <puzzled look>, how is it that the SH are on the bottom? I would be very grateful if you could explain this in more detail. You also went on to say "... The highest priority will be Dan Scott, given that he has provided the post bankruptcy financing. It could be a very good deal for him, as he can convert his debt to new equity, eliminate debt as well as the tremendous amount of outstanding shares. " Two questions about this - I understand you to say that his putting of money into the co. will give him shares (like those currently out there?) - hence equity. Is this right? Secondly, you said "eliminate debt as well as the tremendous amount of outstanding shares" - does this mean current shareholders are shareholders no longer? I'm lost on this point. Finally, what is "post BK financing" ? Thank you very, very much for your prior post, and I am anxious to read your answer. Jeff Smith