Full House Resorts Stockholder Issues Open Letter
SAN DIEGO, Oct. 20, 2014 /PRNewswire/ -- On October 17, 2014, the Allen E. Paulson Living Trust released the following open letter to the Board of Directors and Stockholders of Full House Resorts, Inc.:
October 17, 2014
Full House Resorts, Inc.,
4670 Fort Apache Road, Suite 190
Las Vegas, Nevada 89147
Members of the Board of Directors and Stockholders of Full House Resorts, Inc.:
We write on behalf of the Allen E. Paulson Living Trust, of which we are the co-trustees. As you may be aware, Allen E. Paulson, among his many accomplishments, served as the chief executive officer of Full House Resorts from 1994 until his passing in 2000. He invested significant amounts of his time and money into making Full House Resorts a successful and thriving company. Further, our family has had a significant, long-term investor relationship with the Company. It is with this history and his memory in mind that we address this open letter to you.
Throughout the years, we have followed closely all Company decisions and communications, and have communicated separately with members of the Board and management. On October 9, 2014, we received a letter from a group of stockholders of the Company announcing their intention to seek to call a special meeting of the stockholders of Full House Resorts. As a stockholder with a long history with the Company and after careful consideration, we have determined at this time that the Allen E. Paulson Living Trust will support the call to convene such a special meeting. While we are reserving judgment on the merits of the various proposals put forward by this group for consideration at the requested special meeting, we do believe it is important that the stockholders and the Company have an open dialogue with respect to its management, and to gain some transparency with respect to the Board's and management's plans for the direction and prospects of the Company on a going-forward basis. We look forward to receiving additional materials from the Company and from this group of stockholders in the spirit of fostering such a dialogue and maximizing the Company's potential and its value to its stockholders.
Sincerely,
The Allen E. Paulson Living Trust, by its Co-Trustees Crystal Christensen and Vikki Paulson
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SOURCE Allen E. Paulson Living Trust
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