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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino

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To: Gator who wrote (1183)8/27/1999 11:20:00 AM
From: Mephistopheles  Read Replies (1) of 2782
 
"President of KPMG Investigation and Security Inc."
By: Socramedes
Reply To: 2355 by ichiban Thursday, 26 Aug 1999 at 10:26 PM EDT
Post # of 2386

I've been trying to post for two days, with no luck.

I spoke to CRY yesterday, and wanted to post an update. The most significant point was confirmation of plans to apply for NASDAQ. I am very pleased that it has already happened.

The other interesting thing I learned was that Norman Inkster is still security advisor to the board at CRY. For those who don't know of Mr. Inkster, he was appointed in late 1997 and was at the time (and as far as I know, still is) the president of KPMG Investigation and Security Inc. (a part of KPMG, the firm that later signed on as CRY auditors).

Also, from 1989 to 1994, Mr. Inkster was Commissioner of the RCMP, and from 1992 to 1994 was president of Interpol.

I don't want to read too much into this, but I see it as very positive. It may account in part for CRY's confidence that their business structure is sound.

ragingbull.com
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