Lynn,
Geesh, your SNMM took a butt whooping of a hit today....I did a little research and found something that could be very critical to SNMM...
stockhouse.com
The discovery portion of the proceedings is set to begin next week, and Starnet will be forced to open its books. Deedee Molnick, president of Home Gambling, says that Starnet will have to reveal a number of pieces of information, such as a complete list of its licensees, where wagering is taking place and where its gamblers are located. (There is US legislation that makes online gambling illegal in its borders.)
They haven't ever opened their books, and if something bad shows up, they could be up the creek without a paddle. In other words, if bad stuff shows up, could result in delisting, halt, or out-right shut down of the company, depending on how the Canada gov't reacts to it.
A 1 Billion$ lawsuit on a company that does less than $10 million in sales, is pretty steep..........
Be careful
FM
Edit - I have another post in a minute..That PR looks like pure BS if you read into it... |
