Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Roofman who wrote (3046)	6/25/1999 10:37:00 AM
From: Top Jim	Read Replies (2) of 8858

Roofman, thanks for your response. The following from their 3/11/99 10QSB caught my eye: The growth is primarily due to additional revenues generated from licensing, gaming operations and financial transactions processing for licensees. Revenue from software licensing, which has become a major income source, accounts for 56.3% and 45.2% of the total revenues for the three months and nine months ended January 31, 1999 respectively. The Company currently has a total of 21 licensees and at January 31, 1999, ten licensees were in operation generating aggregate monthly revenue of around 2 million dollars. The Company expects all licensees signed before January 31, 1999 to be operational within 2 months, which will bring in revenues of approximately 1 million dollars from set up fees. biz.yahoo.com Net: the company expects to collect $1M from 11 projects upon completion, in addition to the substantial revenue flow they have already booked. From this I was able to extrapolate $100K on completion and am guessing that they take 50% up front, thus a $200K set up fee. The 2% I am estimating is from the total gaming revenues, not net. Since most casinos take 5-8%, this amounts to 15-40% of the net take. Again my estimates are extremely rough and because of this I have tilted them very conservatively. Many of you are much more knowledgeable about SNMM than I so I would welcome any comments on valuation or earnings potential. I see SNMM as a winner and intend to hold LT. Still only $375M market cap so plenty of room to go. Loved the ISN report today! Go SNMM! TJ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next