[BassMasterK]

I have been keeping my eye on WPTE, and to a lesser extent LACO. If lakes ends up selling it's position in WPTE, it would not appear to have any relation to the 'Brunson Bid'. LACO was delisted to pink sheets earlier in the year because they could not secure a proper auditing firm and were severly behind on paperwork required by the SEC to stay listed (if memory serves me correct). They have been having trouble pushing through a new indian casino, which financially would be more important to them than the WPTE.

That is not to say that the 'Brunson Bid' did not have an effect on LACO. There was such an outcry from shareholders and increased scrutiny after the 'bid', that the stock plunged from where it was holding fairly steady at 20 (went up above 28 on word of the bid) down to the $6 range where it is now. Investors were no longer willing to buy into 'the popularity of poker' and instead were looking purely at what income WPTE generates, which is not a lot. This drastically affects how much money LACO can generate with its WPTE holdings. They effectively lost over 65% of the capital they likely could have raised had the bid, and the following scrutiny not occured. Additionally, if they do selloff, this will continue to push WPTE lower as there are not enough buyers interested unless the stock is so rediculously low that it becomes undervalued.

My $.02