The Annual Meeting of Littlefield Corporation was conducted as planned today and things went off without any problems.

The most important element of the Annual Meeting is the voting for the Board of Directors and the other required votes:

1. Ratification of the auditors;
2. Ratification of stock option plan;
3. Ratification of Employee Stock Purchase Plan;
4. Non-binding approval of CEO compensation; and,
5. Non-binding approval of Director compensation.

All matters put before the shareholders passed handily.

The Board, including me, will be composed as follows:

Michael L Wilfley, 56, continues as the Chairman of the Board and the Chairman of the Audit Committee.  On the Audit Committee, Wilfley is the designated Financial Expert.

Since June 2011, Mr. Wilfley has served as Chief Financial Officer of Durcon Incorporated, the world’s leading manufacturer of laboratory-grade work surfaces. From January 2011 to June 2011 he served as Consulting CFO of Dorsan Biofuels, Inc., an early-stage biofuels company.

From September 14, 2009 to June 2011, Mr. Wilfley served as CEO, CFO, Treasurer and Director of Rio Holdings, Inc.

From July 2000 to September 2009, Mr. Wilfley served as the Chief Financial Officer of Grande Communications, Inc.

Mr. Wilfley is an experienced Chief Financial Officer having served in that capacity since the late 1980s.

He is a Certified Public Accountant and a member of the Texas Society of Certified Public Accountants, the American Institute of Certified Public Accountants and Financial Executives International.

He is a graduate of the University of Texas at Austin and a past President of the Austin Area Texas Exes of the Alumni Association of the University of Texas.

Alfred T Stanley, 58, will continue to serve as the Vice Chairman of the Board and will be the Chairman of the Nominating Committee as well as a member of the Compensation Committee.

Mr. Stanley is a graduate of Dartmouth College with a Bachelor of Arts degree.  He received a Master of Science in Statistics from the University of Texas and was inducted into the Phi Kappa Phi Honor Society.

He founded Alfred Stanley & Associates in 1982 and has provided fundraising and consulting services to Texas candidates, office holders and non-profits.  He is a member of the Public Affairs Committee of the University of Texas Ex-Students Association.

Since 1996, Mr. Stanley has owned, managed and profitably sold commercial properties in Austin.

He has served as a Director of Stereographics Corporation, a California based pioneer in 3-D television, and Toddler U, Inc., a manufacturer of children’s shoes.

Carlton R Williams, 53, will serve as the Chairman of the Compensation Committee and a member of the Nominating Committee.

Mr. Williams was a founding principal of Herron Williams, LLC, which he formed and operated from January 2000 through 2009.

Prior to that, Mr. Williams was a partner in Littlefield Real Estate Company for over eleven years.  During that time period, he leased and managed an office portfolio in excess of 1,000,000 square feet located both in the Central Business District, Southwest, and Northwest suburban markets.

Mr. Williams also has extensive experience in business planning, financial analysis, and acquisitions and disposition analysis.

He was formerly a Certified Public Accountant but currently does not practice accounting nor maintain that certification.

Mr. Williams received his MBA from the University of Texas at Austin with a concentration in finance.

Charles M Gillman, 42, is an independent Director and will serve as a member of the Audit and Nominating Committee.

Mr. Gillman serves as Portfolio Manager of certain Nadel and Gussman, LLC (“NG”) family assets of which Boston Avenue Capital LLC and Yorktown Avenue Capital, LLC purchased more than 5.5 million shares of common stock directly from the Company.

Mr. Gillman was recommended for re-election to our Board by Value Fund Advisors, LLC under the terms of a stock purchase agreement between the Company and Value Fund Advisors. 

Mr. Gillman began his career as a strategic management consultant for McKinsey & Company, New York. Mr. Gillman received a Bachelor of Science, summa cum laude, from the Wharton School of the University of Pennsylvania in May 1992.

In addition, Mr. Gillman currently serves on the boards of directors of MRV Communications, Inc., and CompuMed, Inc.  Mr. Gillman also serves on the board of the Penn Club of New York.

Gregory S Marchbanks, 56, is newly elected to the Board of Directors and will serve as a member of the Audit and Compensation Committees.

For the past five years, Mr. Marchbanks has served as the Chief Executive Officer of Prime IX Investments and has been the Managing Director of Prime New Ventures, a venture capital company located in Austin, Texas.

Mr. Marchbanks has also served as President of Andrew Harper, a luxury travel company, and CEO of Bunkhouse Management, a boutique hotel management business.

He is the CEO of The Marchbanks Company, which invests in real estate and early stage private equity.

Mr. Marchbanks received a Bachelor of Business Administration from the University of Texas at Austin.

These gentlemen will serve as the Board of Directors through the next Annual Meeting.

I recently received a call from a shareholder who was inquiring as to what goes on at the Annual Meeting.  He had never attended one and thought he might be interested in attending the 16 May 2012 Annual Meeting.  It is at 11:00 AM on Wednesday.

The meeting takes place at the company’s corporate headquarters at 2501 N Lamar Boulevard in Austin.  Here is a picture of the headquarters.  Look for the building with the flags.

The building is located on a hill above the intersection of Lamar Boulevard and 25^th Street.  It is very easy to find.

The meeting takes place in the conference room and there is a sign up area just outside the door.

I will make a short presentation outlining the company’s performance in FY/CY 2011.  I hate that the meeting takes place so long after the end of the year but we have to be finished with the audit and the filing of the company calendar year Securities and Exchange Commission annual report (US SEC Form 10-K).  This all takes some considerable time.

At the meeting, we tabulate the votes for the ratification of the auditors, any particular questions in the proxy and the election of the Board of Directors.  All of these votes are typically settled by the solicitation of votes directly and through the mailing of proxy materials.  The results are known before we even convene the meeting.

Then the floor is opened for questions.  Usually there are also some questions which have been phoned in or emailed.  We answer those questions also.

After the meeting, the Board convenes to elect and appoint the Board Chairman, Vice Chairman and the Committee Chairs and Members (Audit, Nominating, Compensation).  The Board then also appoints the Chief Executive Officer, the Chief Financial Officer and the Secretary/Treasurer of the Corporation.

These assignments are effective immediately and continue until the next Annual Meeting.

After this explanation my caller decided he would not be interested in attending the meeting.

This year’s meeting will be videotaped and we will see whether the size of the file allows us to put it on our website or not.  The slides we use will definitely be placed on the website.

If you decide to attend, please do so.  If you would like to ask a question, please do so.  I hope to see you there.

One of the initiatives we have unleashed to increase customer awareness and attendance at our bingo halls is a very simple attempt to educate the public about the manner in which bingo is played.

We call this initiative Bingo University and it entails a series of bite sized lessons which when taken together will provide a methodical and rhythmic progression of knowledge culminating in a comprehensive understanding of how to play bingo.

If one were to absorb each of these individual lessons, then at the end you would be completely comfortable in a bingo hall playing paper, electronic or pull tab bingo.

Each lesson is approximately three minutes long and is shot where applicable with real bingo halls as a background.  This is done by shooting the personnel component of the videos in front of a “green wall” and then superimposing this action sequence on top of another shot of a bingo hall.

All of this video is done in house by our social media folks including the talent.  These videos are very inexpensive to produce and are individually hosted on youtube.com as well as on our “television station” on youtube.

Here is one you can take a look at.  I like it very much.  I hope you will also.

So far, we have completed seven of what is likely to be a total of fifteen individual lessons of Bingo University.  The seven completed thus far are:

The History of Bingo

Bingo Paper

Dabbing Bingo Paper

Electronic Bingo Dabbers

The Layout of the Bingo Hall

Bingo Equipment

Bingo Staff

We believe Bingo University will be an effective method of growing bingo players and will be usable across our entire geographical presence from Texas to South Carolina.

Please feel free to give me a call or write a comment about this blog post.  I look forward to hearing your thoughts in regard to Bingo University.

I received a phone call from a shareholder earlier this week inquiring about how we managed our conference calls.

He was interested in the mechanics of the conference calls in general and how we had evolved from purely verbal reports to a mix of multi-media including both voice and visual.

Part of the question was targeted toward the subject of the evolution of regulatory messaging and communication in general from the perspective of using all available technology to broaden the appeal and breadth of the message — more info to more people in a timelier manner.

A good question and one that provoked some thought on my part.

We have historically conducted quarterly earnings conference calls using VCall, a division of Precision IR with the IR standing for investor relations.  This company, with its different divisions, provides such services to public companies of all types.

Vcall also provides the opportunity to use slides which are displayed in conjunction with the conference call.  Several quarters ago, we added the slides.  The slides as presented on the Vcall site are next to indecipherable.  You cannot effectively see them.

We also provide a written transcript, a voice recording and the slides on our website after the conference call.  The slides on our website are much easier to read and understand just because of their larger format.

I have received a number of appreciative utterances from folks who have reviewed the slides on our website.  This is gratifying as we had some misgivings as to whether this would be effective.  It obviously is effective.

In all, we have taken an “old school” and traditional approach to this communication challenge.  I would give us passing grades for having incorporated the verbal and the visual.  In the future we may change that approach.

We have put up a better website though we need to update some content and we have reached out to our shareholders, stakeholders and other interested parties through the blog which provides a more timely and more detailed insight into the Company.  More like a conversation.

We have not provoked any meaningful conversation on the web blog but I do receive a substantial amount of conversation from folks who have been to the website.

One of the natural outgrowths of this conversation is to question whether we might some day simply use the website as the sole locus for the conference call slide presentation and use a “phone bridge” for the verbal portion of the communication.  This can certainly be done given current technology.  This was, in part, the purpose of the gentleman’s phone call.

The only other consideration is whether using the website and the phone bridge would satisfy the Security and Exchange Commission’s requirements under Regulation FD.  This is a bit of fiction really as Regulation FD is really all about “fair disclosure” rather than “full disclosure.”  I suspect it would.

In any event, there is no question that the Company could use its current technology platform to subsume the requirements for a conference call and this is an idea that we will evaluate and upon which we will likely conduct an experiment.  Like a lot of things in life, it is an iterative approach in which small steps accumulate into big changes.  In this instance, it would also likely be a money saver. 

This conversation reminds me of one of my favorite pictures — the juxtaposition of a 1982 vintage Compaq computer (Osborne Executive) and a 2007 iPhone.  Already the 2007 iPhone is a bit long in the tooth.  But the quarter of a century difference in time is a show stopper.

The comparison is quite stark.

• The iPhone has 100 x the computing capacity of the Compaq computer.
  
• The iPhone is 100 x as fast as the Compaq computer.
  
• The iPhone costs 1/10^th of the cost of the Compaq computer.
  
• The iPhone is 1/100^th the size and weight of the Compaq computer.

If you are familiar with Moore’s Law — computing capacity doubles every 18-24 months at a decreasing cost — then the comparison is not totally unexpected.  We touched on this subject in this blog post http://littlefield.com/2012/04/21/technology-in-a-bingo-hall/.

In some ways that is what is happening in this conversation — the evolution of communication and messaging technology with the passage of time and the development of organic capabilities that did not exist just a short period of time ago.

I am asked from time to time — does the bingo hall use any technology?  Those who think of a modern bingo hall as “Grandma’s Bingo Hall” are in for a bit of education.  You will recall that I have previously written about the electronic card minder on this blog.  You might want to go back and review that earlier blog post as a point of departure.

In looking at technology in the bingo hall, the first thing that comes to mind is the integration of the point of sale, the electronic card minders, the bingo blower, the monitors and the system software that ties all that bingo equipment together.

This bingo equipment creates a “system” which allows the bingo hall to operate with greater reliability and to forestall any concerns about systemic corruption in which the rightful winner of a bingo game is denied — by corruption — their rightful prize.

First, let’s assume you have electronic card minders.  Remember not every bingo has electronic card minders and sometimes the customers particularly like it that way.  The electronic card minder holds a number of individual bingo cards identified uniquely by their serial number.  The electronic card minder “minds” multiple bingo cards displaying the three best cards at any given time.

Our Cayce Beach Bingo in Columbia, South Carolina does not have electronic card minders and positions itself as a “paper only” bingo hall.  It therefore may be complementary or supplementary rather than competitive with other Columbia bingo halls we own.

Paper only bingo halls are an interesting phenomenon as they may be perceived as more traditional and require more attention to dabbing the numbers correctly than a bingo hall that offers electronic card minders.

Remember that the electronic card minders are responding to an RF (radio frequency) signal broadcast throughout the bingo hall from the bingo caller’s stand.  They require a bit less attention than paper dabbing.  Some folks may suggest that bingo players become a bit lazier when they use electronic card minders.  Maybe so.

Back to the “system” which starts with the point of sale (POS).  The POS uses cash registers which are configured to provide a quick selection from different pricing alternatives and the bingo player’s selection from these alternatives.  The bingo player then pays for her selection.  It is like any POS seeking to make the transaction as quick and painless as possible.

At the POS, the customers may purchase an electronic card minder for that bingo session.  The electronic card minders are stored on battery charging racks just behind the POS and are loaded with the appropriate program as they are purchased.  They are ultimately activated by a unique PIN (personal identification number) which effectively unlocks the electronic card minder to be played by the customer.

The bingo caller is operating the bingo blower which randomly selects bingo balls by using an air blower to excite the bingo balls until one is “sucked” into the tube and delivering the bingo ball to the caller.

The caller takes the ball and displays it on the monitors by positioning the ball in front of a camera.  The camera projects the bingo balls on to the monitors.  The bingo caller then calls this ball.  It is important to note that the bingo ball is not in play until it is called, so if a player has declared “bingo” on the previous ball, the next ball showing on the monitors is irrelevant.

The bingo caller than places the bingo ball into a specific position in a rack which then sends out the RF signal in the bingo hall.

Once a bingo player has attained the required winning configuration, the bingo caller “verifies” the winning card by using another system — a database really — which when the serial number of the winning card is entered can tell, given the winning configuration and the balls actually called, if the proffered bingo card is really a winner.

This verification is transparently done on the bingo hall monitors for all customers to see at the same time as the bingo caller.  This verification process is critical to maintaining a “square” game devoid of any potential for corruption.

In the long run, it is likely that more technology will be introduced into the bingo hall as technology continues to develop and to be assimilated into this industry.

One of my favorite visual images of how technology has evolved is the following picture which shows a 1982 vintage Compaq computer next to a 2007 iPhone.  Already the 2007 iPhone is a bit long in the tooth.

The 1982 date for the Compaq (Osborne Executive) computer is particularly germane to our discussion as that is the time period in which most State charitable bingo laws were promulgated.

The comparison is quite stark.

The iPhone has 100 x the computing capacity of the Compaq computer.

The iPhone is 100 x as fast as the Compaq computer.

The iPhone costs 1/10^th of the cost of the Compaq computer.

The iPhone is 1/100^th the size and weight of the Compaq computer.

If you are familiar with Moore’s Law — computing capacity doubles every 18-24 months at a decreasing cost — then the comparison is not totally unexpected.

Someone who had been in several of our bingo halls in South Carolina asked me a question — how do you decide how to decorate each individual bingo hall?

She noted that we had used and she had seen variously:

1. Old movie posters;
2. Vintage fruit crate labels;
3. Vintage movie star pictures; and,
4. Fruit shots.

The short answer is that we really do not have any rhyme or reason other than needing to use fairly large décor items — inexpensive — to cover up very large spaces.

In this picture, you are looking at a wall with a cutout next to the entrance of the bingo hall, Ambler Bingo in Abilene, Texas.  The entrance is on the other side.  As you enter, you see some door prizes on the bottom frame of the cutout and through the cutout you can see some vintage pictures on the back side of what is the exterior wall.

These vintage pictures are blown up onto adhesive sign material and applied to the glass achieving both a sense of arrival and décor but also preventing sunlight from entering through the windows.

This sense of arrival with décor on one side and the door prize stash on the other while guiding the customers to the point of sale is exactly the effect we are looking to achieve.

The vintage fruit crate labels are very interesting as they represent some of the finest art from the 1920s to the late 1940s when each and every crate of fruit had to have a label and fruit producers used that as an opportunity to “brand” their produce long before that word — branding — came into the marketing vernacular.

Here you can see the Glamour Girl California vegetables which has been printed and mounted on Gator Board and sealed with a lamination to preserve.  This has very simple hanging hardware or it is propped up on a chair rail in the bingo hall.  If you look very, very closely you can see that the Glamour Girl herself on this particular poster is cut out and remounted thereby creating a bit of depth on the poster itself.

This is the kind of art we are starting with before being blown up, printed, laminated and mounted.

These fruit crate labels are originals — typically 8 x 11 — and are scanned and converted to digital images.  A very simple process to arrive at a remarkable and memorable piece of artwork to add to the décor in the bingo hall.

Here you can see some fruit crate labels at Main Spot bingo in Sumter, South Carolina.

So that’s how we set the décor in a bingo hall — imaginative and inexpensive.  Call or write with any questions and go play bingo today and tonight.  Bingo!

Charitable bingo — that’s the business we are in.  Serving charities as they go about their noble work.  We help them fund their worthy causes.  It makes me feel good when I remember it.

Sometimes it is easy to forget that there is a center or core to our business that is intended to make our world just a little bit better.  It is easy to forget that when we are all so busy.

The following little video which features one of my favorite people, Jessica Smith, who is engaged in a truly noble cause.  I hope this brings a blush to her face because she is a very good person in addition to being a movie star.  Look at this video.

Thanks for watching this little video and thanks for recognizing that our business is a little different.  While we are in business to turn a profit, we are also repaid in a currency that not every commercial endeavor can recognize.  Good works.

I had a call yesterday from a shareholder who asked some questions about our audit.  It caused me to do some thinking and in the course of answering his questions, I realized that the issue of public company audits is not very well understood.

Let me see if I can demystify the subject just a bit.

First, every public company in America has their financial results — financial statements really — audited annually and then those audited financial results are included in the company’s Form 10K, the annual report filed with the United States Securities and Exchange Commission.

In addition, public companies have their quarterly financial results “reviewed” on a quarterly basis by the same auditors.  This was a change driven by the Sarbanes-Oxley legislation.

An audit is an attempt to provide assurance by an independent auditor that the company’s financial statements — income statement, balance sheet, statement of cash flows — are presented fairly and accurately thereby providing a true and fair view of the company’s performance.  And also that any unusual information is disclosed and discussed.

You could say that the purpose of an audit is to provide an enhanced degree of confidence for shareholders that the financial statements achieve the essential objectives of fairness and accuracy.  An expert opinion from someone whose expertise is exactly that — auditing.

Let’s talk a bit about the mechanics.

An audit, at the end of the day, is essentially a test of the quality of the work done by the company’s Chief Financial Officer as he presents these financial statements.  He is presenting them both to the Chief Executive Officer and the Board’s Audit Committee.

The presentation to the Chief Executive Officer is the basis for the CEO to sign them as required by Sarbanes-Oxley.  The important work is done with the Audit Committee.

The company itself, at the board level, has an Audit Committee composed of only independent directors, one of who is designated as a Financial Expert.  The Financial Expert is usually an experienced Chief Financial Officer, a Certified Public Accountant or someone whose professional experience makes him or her well qualified to undertake this position.

The auditors are retained by the Audit Committee and work for them though that is a bit of a fiction as the company provides the auditors all of the source data and the company contracts to pay the auditors.  But this degree of independence between the auditors and the Audit Committee is real and, in my view, sacred.

I personally never talk to the auditors.  I never communicate with the auditors.  I never attend Audit Committee meetings and I do not initially receive their report.  I am as far removed from their work, deliberations and conclusions as possible.

In preparing for the audit, the auditors typically provide a list of information they would like to review — the Prepared by Client list or PBC list.  I then have the Chief Financial Officer prepare a memorandum for circulation to the Board, the Audit Committee and to me outlining the specifics of the audit — auditors, date and time, PBC list, location and time to render their report.

We also identify any special subjects which are worthy of a bit of additional attention which in our business is not too many.  The Chief Financial Officer and I discuss this prior to his completing his memorandum.  We might pay special attention to goodwill impairment, as an example, if we had a discontinued operation or something else which might impact goodwill accounting.

I think it irritates the Chief Financial Officer that I make him do this because in his world, this is pretty de rigueur and ordinary.  Nonetheless, I like having this done so there are no misunderstandings and everyone knows their role and dates.  There is nothing worse than having the auditors show up and not having the PBC info ready for them.  Their time costs us money.

One of my real purposes is to make the audit as easy as possible to drive the cost to the lowest level possible.  I suspect we are viewed as an “easy” audit because we are well prepared.  I know our audit costs have been pretty reasonable over the last few years.

Once the audit is underway, I am subjected to an interrogation by a single auditor as to a number of specific issues — corruption being an example — and that is my only direct role in the audit.  I usually introduce myself to the auditors as they go about their business in a conference room.

When the audit is completed, the auditors render an opinion to the Audit Committee in a face to face meeting.

The best opinion you can get is an “unqualified” opinion and that was the question that was raised in my conversation with a shareholder.  He mistakenly believed that an unqualified opinion was a less than meritorious outcome — “unqualified” means there are no qualifications or limitations to the opinion.  All is good.

An unqualified opinion means that the auditors found nothing which would challenge the truth, accuracy and fairness of the company’s financial statements as submitted.

An unqualified opinion is a clean bill of health and opines that the company’s financial statements do not contain any material misstatements and are represented fairly in accordance with Generally Accepted Accounting Statements.

It would be likely to see the following statements as part of an unqualified opinion:

1. The Financial Statements have been prepared using the Generally Accepted Accounting Principles which have been consistently applied;
2. The Financial Statements comply with relevant statutory requirements and regulations;
3. There is adequate disclosure of all material matters relevant to the proper presentation of the financial information subject to statutory requirements, where applicable; and,
4. Any changes in the accounting principles or in the method of their application and the effects thereof have been properly determined and disclosed in the Financial Statements.

The above is just a general set of statements and is not drawn from our Auditor’s Report.

So, there you have it, the issue of audits demystified.  Please comment below or call with questions.  Thanks.

I had a nice chat with a shareholder the other day about the seasonality of our business, something that we seem to know instinctively but something that can be measured and expressed graphically fairly easily.  Let me take a stab at it.

This is what our revenue curve looks like when you slice and dice it.  The more intense the color, the stronger the revenue.

As you can see, the first four months of the year and the last two are the strongest and the months of July and August are the weakest.  The rest of them are what I would call the “shoulder” months.

The real question is WHY?

Well, we don’t know everything but some things are obvious.

1. The beginning of the years enjoys the advent of tax refund season.  January is usually fairly strong because of this phenomenon but this year February was a bit stronger primarily due to tax refunds being received.
2. The months of July and August suffer from heat, bad weather and a long period of light at the end of every day.This impacts, in particular, the nighttime bingo halls and not as much for the daytime bingo halls.In the months of July and August, folks are out of doors.
3. When we have bad summer weather with thunderstorms rolling in at about 4-5:00 PM, the impact on bingo attendance is direct and extreme.  This happens a lot in Alabama and South Carolina.If the normal time for departure for travel to the bingo hall is rainy, lightening and thundering — most folks are staying home particularly amongst our more seasoned players.
4. A careful note of wintery weather must be made.  This type of bad weather is more focused and shorter but can become prolonged when ice is present.

There are some other discrete impacts that I always enjoy sharing:

1. The military in Charleston get paid at mid month and our deposits show it.
2. When the State Fair is in town, bingo is secondary.
3. Friday night football in Texas is the real deal and sucks the life out of the bingo halls.
4. Recently when President Obama said that Social Security checks might not be sent out — down went revenues by about 40% immediately.  Two days when the “crisis” had been solved, back came the deposits, big time!

Please call or write with questions.  Thanks.

Last week I had a number of questions about what kind of entertainment we offer in the bingo halls.  This was on the heels of the blog post about the Godfather of Soul.

Here are some links to YouTube which show a juggler, some mariachis and a money machine prize award.

Juggler

Mariachi 2

Money Machine

Please look at these short videos, shot by our folks.  You will enjoy them.  I promise.

The juggler is very good.  She apparently works full time for a circus.  I think it is Ringling Brothers Barnum & Bailey.  Did you know that circuses have a “season” and that when the season is over the acts go home to train and practice?  Our juggler lives in Austin and was home training and practicing.  Very talented.

The mariachis are one of my favorites.  They appeared at American Bingo in Austin and were quite a hit.  You will notice they are accompanied by a dancer, the Bingo Gringo.  The Bingo Gringo works sometimes as the greeter at the bingo hall.  He wears a distinctive red vest.

His job title is Bingo Gringo, Guerilla Marketing Savage and Cunning Bingo Jester.  He is a lot of fun and is the person who found the juggler and mariachis.

The money machine is a means of awarding a contingent prize and is used by the bingo halls to inject some creativity and fun into the bingo hall.  When someone wins, they get the right to hop into the money machine and grab as much of the money floating around as they can literally get their hands on.  Sometimes that is $250 in ones and sometimes larger bills are used.

All of these entertainment initiatives inject fun into the bingo hall and why not because as everyone knows, bingo is fun!