Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook Message Board

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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook

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To: David A. Lethe who wrote ()	9/28/1997 1:25:00 AM
From: William Nelson	of 8858

I know somebody who works at this company, and I have a generally positive impression of the people there, but I looked at the latest SEC filing and there is something I don't understand....if they have say 50,000 subscribers paying $20 a month, they should have $1M per month in sales; but, only $700,000 is listed for the whole 2nd quarter. They also lost money 2nd quarter vs. making money last year...although they did have 100% increase in sales, and apparently the loss is due to investement in gambling in Antigua. Still, I would have thought if they were really doing well they wouldn't have to go from profit to loss, even making large investments.

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