Hi Gator,
The recent charges against sports-wagering operations have affected our stock and are to blame for the fall that occurred yesterday. As you may have noticed today, the stock has begun to rebound and we are confident that it will continue to rise. Starnet is one of the only gaming companies that I know of that is not accepting wagers from U.S. citizens, and therefore, the only company that will probably prosper from the recent situation. While the charges did scare investors, I would like to point out that the charges were against sports-wagering operations who solicit bettors in the U.S. using conventional phone solicitation. While these companies all had websites, it appears that it was their phone soliciting, and not their Internet sites, that got them into trouble. We are therefore not concerned by the recent charges, nor do we believe it will affect our business, our business plan or our licensees in anyway.
With regards to your comments yesterday Gator, I am a bit confused. First, while our stock has fluctuated recently, our volume has been high and there continue to be investors who believe in our company and buy in whenever it drops. Your comments about me getting off my butt and start paying attention to the investment community confuses even more. My job is not to pay attention to the stock, but rather to ensure that the company stays on course with its business plan, increases its revenues, and continues to sign on new licensees. My responsibility to the investment community is to build a strong, aggressive company that continues to expand into the lucrative gaming market and bring in earnings for its investors. We have a very strong company, and I believe that we will take a sizable share of online gaming revenues over the next year.
Is this the Titanic? If you are referring to the incredibly successful movie that made its investors millions, then Yes, I believe that we are.
Jason King
Chief Operations Officer
Starnet Communications International Inc. |
