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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook
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To: haler who wrote (1835)2/6/1999 7:40:00 PM
From: Andrew H  Read Replies (2) of 8858
 
Actually, UBET has closer to 1/3 the shares OS of SNMM, but compared to SNMM it is a piece of crap, IMO. However, any buying makes the samll float a lot more scarce, driving the stock price higher. UBET's market cap is about 220M, whereas SNMM's is roughly about 120M is you figure 30M shares, fully diluted.

As far as I am concerned, SNMM should be worth at leas 3 times UBET, which would give it a market cap of about 660M or a price of 22/share. Of course, UBET is terrible overvalues. Once the revenue projections we are hearing about from SNMM are confirmed in an SEC filing, I would not be surprised to see 10-20/share in short order.
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