Shufflemater Distributing Holdem Challenge

If my game Holdem Challenge is a success, it should have a significant impact on SHFL. The first few days of the trial period of that game (at Bally's in Las Vegas) have looked good to me as an outside observer. I presently have tens of thousands of options at various stike prices for that company. Some were consultant compensation, some bought on the open market.

David,


I thought that the Casinos would just shut down a blackjack table. This is what I've seen done for the other new games and reuse the machine, unless you are referring to intellectual rights to your game.

Public filings show you have a lot of compensation options. I recall they were issued out-of-the-money, but are now probably in-the-money with split adjustments.


You must be pretty confident to buy more. My impression was your current position is pretty large already.


Have you considered hedging by taking bearish positions on competitors (WMS, IGT, etc.)? This would allow you to take a larger position with less market and industry risk.

"I presently have tens of thousands of options "


do you mean this in terms of exchange traded contracts, where one option is equal to 100 shares? or do you say this in terms of one option = one share?

I wish