As I am trying to do more DD on NBET, does anyone know anything about this. This company supposively own 30%+ of NBET, but their stock is bidding .15 cents. Also headquarters offshore?
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(PR NEWSWIRE) DJ: United Casino Corp. is the Controlling Shareholder of Tw
DJ: United Casino Corp. is the Controlling Shareholder of Two Internet Casino
Consulting Companies
LAS VEGAS--(BUSINESS WIRE)--Nov. 12, 1997--United Casino Corp. (OTCBB:UCNO)
is the controlling shareholder of two Internet casino consulting companies.
Management provides, through NETBET Inc. (OTCBB:NBET) and through Torrey
Pines Nevada Inc. (OTCBB:TPNN), technical consulting in the areas of casino
gaming, sports book activities and credit card facilities for the industry.
Financing of equipment and software acquisition is also provided. TPNN and
NBET each have headquarters offshore and operate primarily in the Pacific
Rim region.
Through these operating subsidiaries, UCNO consulted on the establishment of
Casinos of the South Pacific Ltd. of Roratonga, Cook Islands, as a
pioneering Internet casino. with direct technical and financial assistance
from NBET and TPNN, Casinos of the South Pacific boasts the latest gaming
software and operates the most advanced credit card processing system
available.
The casino offers complete insurance protection to its players, reducing
risks of fraudulent use of credit card information provided by users.
hn: prev: 0007
(PR NEWSWIRE) DJ: United Casino Corp. Announces Shareholder Approval of Me
DJ: United Casino Corp. Announces Shareholder Approval of Merger
LAS VEGAS--(BUSINESS WIRE)--Dec. 26, 1997--United Casino Corp. (OTC BB:UCNO)
Friday announced that a majority of the shareholders of Netbet Inc. (OTC
BB:NBET) and Torrey Pines Nevada Inc. (OTC BB:TPNN) have approved the merger
of Netbet and Torrey Pines Nevada in accordance with the Nevada Revised
Statutes (NRS) with Netbet Inc. being the surviving corporation.
United Casino will own approximately 32% of the outstanding shares of the
combined merged companies which will trade under the symbol OTC BB:NBET.
Netbet and Torrey Pines both provide marketing, financial and technical
consulting services to Casinos of the South Pacific (COSP), a Cook Islands
company and Internet casino operator. COSP (URL address: COSP.COM) is a
pioneer in the Internet casino industry and has been operating Internet
casino sites for approximately two years, and for the past seven months has
been accepting for-money bets, including major credit cards.
Combined assets of the consolidated company will exceed $3 million with
approximately 600 shareholders. The combined company plans to proceed with
an equity offering of up to $10 million during the first half of 1998, at
which time it is planned to register the Netbet shares issued to Torrey
Pines shareholders.
UCNO L: .156 T: 0:00 Cls: .156 Yld .00 Div: .00 Vol: 1
0 B: .156 H: .000 Chg: +.000 AH: .813 Ex : 00/00 Opn: .000
8 A: .531 L: .000 Vlm: 0 AL: .150 EPS: .00 PE : .00
UNITED CASINO CORP Size: 0x0
We need to look at these things to see who might be dumping shares in our faces or MM's boldness to sell stock at will. Anybody have any answers? I have tried to call IR, but they were busy and said they will call me back.
Robert
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