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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino
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To: DaveAu who wrote (1841)10/22/1999 7:53:00 PM
From: THOMAS GOODRICH  Read Replies (1) of 2782
 
Bluejay, Upon researching the matter I came to the same conclusion that the Levy affair was blown out of proportion with respect to revenue because there actually was none. Starnet lost on uncollected licensing fees and further, lost nearly $50K additional by reimbursing Mr. Levy's customers. Web sites are not transferrable and in this case customers would be negligible.

Investors tend to get fixated on licensing fees and these are minuscule to vendors in comparison to potential short and long term revenues derived from operations.

With approximately 250 web sites and with only a small percentage to date that have matured, Starnet could very conservatively grow in excess of 10 times over the next year. There are other initiatives and revenue streams in place that could propel revenues well in excess of 1000%. Unless you're betting on Starnet folding operations or an unforeseen catastrophic circumstance, SNMM is a dirt cheap stock with a risk/reward ratio practically nil!
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