SBET Online Sports! Message Board

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Non-Tech : SBET Online Sports!

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To: Paul Schmidt who wrote (13)	1/28/1997 4:02:00 PM
From: Bernard I. Gentile	of 37

Paul, There is no exact date with SBET. They have been late at any occasion, but everytime they brought what they promised a few weeks later. I would agree with you about the irrational reaction of people looking at this $400 billion or more recently $550 billion US legal market for gambling. And their Global Casino will be the first worldwide casino. The whole world is ready to play, it's really a $1 trillion market. There will be some competitors of course, but no doubt they are ahead of the competition and are ready to rent their know-how and technology. But there is a problem. SBET is not IDID with billion of shares. From the 12M shares only 3M to 3.5M are public shares traded on the market. And a lot of trading today at this low price are just trading between the market makers, just to show that the stock is not dead and to push people to sell. So if their earning is quickly going up (with $10-40 million earning ; $1-3/share), the stock could jump easily to $20-60/share at the end of this year ... and they'll need to split their stock every month to make it more liquid. Regards Bernard I. Gentile

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