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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook
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To: RobbRacer who wrote (6981)9/3/1999 10:43:00 AM
From: Hockeyfan  Read Replies (2) of 8858
 
Tarnished image? Any investor in SNMM who did a little DD knew they were investing in internet gambling with a smidgen of porn, but they went long becuase of the huge potential returns from high gross margins and skyrocketing revenue. The only thing that has changed is that short-term expenses will go up and we may have an earlier than anticipated resolution to legality questions.

When the porn is sold and the charges, if any are filed, I would expect Wall street underwriters to fight over the secondary offering that will propell SNMM to a NASDAQ listing.
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