SI
SI
discoversearch

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 : eLottery.com (ELOT) / (NASDAQ NM:XTON)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gabe Heti who wrote (1076)4/4/2000 9:11:00 PM
From: Herc  Read Replies (1) of 1266
 
The management of ELOT said unequivocably at the March 7 conference call that they see no obstacles to their business model from current proposed legislation. Also I don't see how internet lottos can be banned in the ten states that allow internet horserace wagering. LA. just approved this. Also the Supreme Court has been handing down rulings favoring state sovereignty. Also the states have been denied internet retailers sales taxes. Also there is some legal precedent that internet business activities are permissible if the same activity is legal in brick & mortar form.

And even in the worse case scenario of internet wagering in "public places", ELOT has a contingency plan to profit from that.

I just wonder if investors are out there looking for the next hot sector now that B to B, B to C, and even the internet backbone equipment makers have cooled off a bit. And more importantly, many of these have a little maturity, and reality is setting in. ELOT just has to announce a state contract, and we could be off to the races. And internet gambling is totally new. So there is no reality yet! So we can still get the wretched excesses in valuations like the B to B's. Plus ELOT's business model is a lot different from the B to B's or B to C's that only required the software and venture capital funding. ELOT is having to gain state contracts which will make their franchise harder to duplicate and more valuable.

I suspect one of the reason ELOT hasn't caught fire is that there are no venture capitalist backers waiting to cash out and pulling strings with their broker buddies to tout the stock. I know of no broker recommendation despite a dynamite business model.

Plus, gambling is just too perfect for the net.

I've only sold 1000 shares in the past week. I still have 43000!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News