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

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To: Drake who wrote (141)3/7/1998 8:06:00 AM
From: Mephistopheles  Read Replies (2) of 8858
 
Well... "Maybe".
I'm not sure about SNMM. I heard stories about the way they attracted web operators to help promote their Casino web site in exchange of % of their revenue. And they got all upset since they made no money.

2 things, or SNMM makes no money (compare to other solid ones) or they fool the web operators they made the promise to. It is not clear. Also, they take no US or Canadian customers. What's currently going on in the US should not affect them being a Canadian company. Or do SNMM has any interest/asset in the US??? That, I'll like to know. because this would be a potential danger.

BTW, the new results from CRYP indicates earnings per share are about $1.5 fully diluted. At 20 times, the stock price should be 30 right now and more with the next quarter. We should be expecting at least 30 times the earnings for a company growing so fast, so the stock should be at $45. Still very good time to buy. In fact, the Press Release was posted on www.stockhouse.com only yesterday after the market closed.

Also, the already approved stock split 4:1 will help make it more liquid. That's also a good sign. Listing on the TSE in a few months.. Now we're talking good trading.

Also, from the Financing Post of last week, listing the Top 200 Canadian Software, CRYP, with results from only 3 quarters was ranked in the top 50. With this last Q4, I'll have to check but their actual ranking will be improved. These are all signs!

I wish the best to SNMM. When is their results expected?
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