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: Real_Gator who wrote (392)	7/9/1998 4:26:00 PM
From: M_Power	Read Replies (1) of 8858

IMHO, Starnet's 10K this month will show - on an overall year basis - that SNMM finished off still very much in the red. I'm starting to realize that it all boils down to timing - how much revenue can be allocated within each period. Hopefully the 10K will also show that a lot of catching up was done specifically in the Fourth Quarter 1998. As Jason King mentioned, a lot of work being done/charged to all those previously announced licensees is being done in THIS quarter...and hopefully a good whack of work will also be done/charged on any NEWLY announced licensees before July 31, the end of Quarter One 1999. Not even mentioning the lag time of the licensees' revenues kicking in... My "wager" is that Starnet won't display profitability until the end of the Second Fiscal Quarter, whose results should be posted 45 days after October 31 -- that's mid-December 1998. This is why I'm now ending each of my postings with... 1999, ///M ;0)

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