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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino
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To: pink789 who wrote (1146)8/25/1999 10:36:00 AM
From: Mephistopheles  Read Replies (1) of 2782
 
By: garyb7 (From Ragingbull.com)
Reply To: None Wednesday, 25 Aug 1999 at 9:56 AM EDT
Post # of 2331

I called Harvey Solursh at CRY this morning.

Here is what he had to say (he is the CFO):

1) The SNMM thing does not affect their Nasdaq application at all

2) They are working like crazy to file for the Naz by the end of the month, as promised. "There is alot of work in this process". Note, I sensed they might be a day or two late due to the mountain of work req'd. Let's see if they work the weekend.

3) The SNMM issue is not an i-gaming issue "there are others things involved" (i.e. porn etc.)

4) They plan to be on the Naz by October - that is UNCHANGED.

5) CRY DO NOT operate their own casinos (like SNMM) as posted by Meph. (I just wanted to verify this - that is a KEY piece of info and I thank you Meph).

6) They have had no contact by Canadian authorities. He doesn't see why they would - "there are other things involved at SNMM". He said he has met the SNMM people but does not really know them so can't comment on them.

7) They are not deterred by the SNMM situation and are not slowing down viz-a-viz getting on the Naz.

8) They have no problems or issues with Claude Levy "he is a good casino operator". (ya I know, things can change - but so far so good)

I felt extremely re-assured about CRY - hell they don't even own a casino.

I suggested a conference call to clear the air for other investors.

Gary

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