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

To: Jim Barker who wrote (3439)	4/12/1999 8:11:00 PM
From: John Lawrence	Respond to of 5164

Hi Jim, it's good to know you're still around. You started this thread, and have a perfect right to speak about the frustrations of waiting these years to see the company mature. It certainly has taken a while. I take your comments as coming from a critical parent who is impatient for their child to perform to potential. On the other hand, the company is in the development business, and big projects are at hand, so some amount of waiting is to be expected. I think you're being a little harsh with the comparison to Gold Rush. I've looked into that matter and found that the problems Gold Rush had came largely from having hired someone to run the casino in Nevada who was not acceptable to the regulatory authorities. No one at Sungold had anything to do with the hiring. Mr. Hart worked for Gold Rush and assisted them in raising money, but he was not responsible for what the directors chose to do with the money, or the direction the company took. At the very least, one has to admit that that there are differing opinions about what happened there. Also, it isn't true that Sungold has nothing to show for itself now. On the contrary. The treasury is now, and has always been flush with cash, and it has no debts. Most of the money has been provided by private placements with the current directors, who bought the shares at, or above market prices. Currently, the directors play an active role in the company, and they are a stronger team than the company has ever had. Together, they represent private companies worth hundreds of millions. Sungold has contracts with the GLB, as well as for a large parcel of land in Richmond B.C., and contracts in Korea. The company as an agreement with TAC Investments that TAC will provide $36 million (Cndn) to begin the building of Richmond Downs racetrack. Sungold also has an agreement with a gaming facility operator for the Michigan project. The company has done a massive amount of preparatory research for each of its' projects. It has paid considerable fees for major studies done by some of the best consultants. As shareholders, most of us have not seen these studies, but I have at least looked at them, and there can be no doubt about the thoroughness of the preparations. Perhaps just as important as all the above is that Sungold has now completed a filing as a foreign issuer (20F) to the SEC. This filing has been accepted as complete. Keep in mind that every day, companies are being removed from the OTCBB because they have not completed Form 211's which require that financial statements be accepted by the SEC. This major achievement distinguishes Sungold from Gold Rush, or any other gaming development company in Canada that I know of. It's certainly true that none of the projects is generating revenues or currently slated for construction; but a lot of progress has been made towards that goal. None of us can knowledgeably predict what the stock price will be at a given time. However, for those who understand that the work has been moving forward despite obstacles, they will confidently be able to predict that results will be obtained. In fact, the balance of probabilities at this time, given the increasing volume of shares trading, the rising price, and the immanent listing on the OTCBB, is that we are about to see a coincidence of several concrete advancements. Jim, I look forward to the day when you can be proud of your child. Until then, thanks for stopping by.

To: Jim Barker who wrote (3439)	4/12/1999 8:23:00 PM
From: netman	Read Replies (2) \| Respond to of 5164

Jim, I purchased my first shares back in 1993 when they were on the Vancouver Exchange. I believe that the company is making every effort to land a project. We survived all the crap on the VSE. The everyday halting of trading, the manipulations from the short positions. I understand your frustration, but negativity does nothing but harm to the stock and individual investors. The company is moving towards the E-trade system on the Nasdaq. They are moving towards making the racetrack reality. They are getting help in resolving the Indian problem. They are doing the right things as far as I'm concerned. How frustrated do you think the Management team is at Sungold. I can only imagine. These guys are business men not thieves. If they were thieves they would have cashed in their stock at 15.00 and headed south. I support the company and what they are trying to do here. I think we should all look at the positive things going on with the company and stop dwelling on the negatives. This is a disgrace the way we attack one another for voicing opinions. This threads whole purpose is to exchange information about Sungold Gaming. Not to vent our frustrations in a negative format for all to see. If I write something you may disagree with send me a Private Message and I'll respond. There seems to be a lack of professionalism amongst some of the investors on this thread. It seems that you can't post anything positive without being ripped. Holding the stock for as long as I have gives me the right to defend my position. Which is by the way that "THIS COMPANY IS HEADED IN THE RIGHT DIRECTION". Let's stop the bullcrap and support the company. Let's stop the attacks on one another and rally behind "OUR" company. Remember I don't care if you own 1 million shares or 1 share of stock. You still own the company. If you owned a deli, would you advertise the milk dates are expired. STOP THE NEGATIVITY AND GET BEHIND SUNGOLD!