Jeffrey, why should investors take CSIN +64% today into consideration...
1) Post by C. Phillips, dated 20th April 99:
Subject 27322
SIMMD has now changed it symbol to CSIN.
Discussion at SIMMD due to symbol change on April 20, 1999. Use link above to get to discussion on Casino Pirata Com Ltd.
Also, for official company news release as to the symbol change you may want to see . . .
Message 9031080
or Yahoo board . . .
biz.yahoo.com;
2) Post by Whisperer, dated 22nd April 99:
Actually the numbers I've been told work out pretty good. Casino Pirata can expect to see gross betting on their site of approximately $5 million USD per month within 12 months of being operational. You are close with your facts, but they will actually earn about 15% of gross bets...or around $750,000 USD per month in income.
What are missing in your statement to Mr. Phillips is that of course you always need good management in any company. So of course buying the franchise is only part of the deal. I'm still waiting to see the CV's on this companies management.
The third part of this equation will be the promotion of the actual site. The company told me they are planning to spend upwards of $1 million USD in advertising their site.
So...unless you have about $1.75 million USD to spend on your own turn key package:
$1 million - Advertising
$250,000 - Shell Company
$150,000 - Casino Franchise
$350,000 - G&A
You might just want to pony up and take a position in Casino Pirata who did just that.
biz.yahoo.com
3) My own views:
I spoke to Jonathan Curshin, a major investor in the stock (not an Officer of the Company), involved in a promotion Company and obviously very bullish on the stock. Here are the salient features:
+ Outstanding: 6.15 Millions + Float: 400,000 (more or less).
+ Market Cap at today's close: $8.8 Millions
+ Multi language versions with thrust on Chinese and Japanese
+ Proprietary horse/dog virtual racing in the process of being acquired and licensable to other gaming sites to provide additional revenue.
+ All the necessary financing is in place and 3 more casinos sites are to be established within 6 months.
+ Estimated EPS, within one year, based on other similar operations: $1.50
Conclusion: CSIN may be another SNMM in the making with the additional virtual racing and the Asian thrust. One thing is for certain, this Company will receive outstanding promotion by professionals in the field. The small cap and tight float should see the share price to $5.00 very soon and $10/15 once the earnings are proven. casinopirata.com
Disclaimer: I am long on this stock and therefore this report should be construed as my biased opinion only.
Regards, F. Goelo + + +
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