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Non-Tech : ADVV (Advantage Technologies) - formerly CSIN
ADVV 0.7500.0%Sep 27 5:00 PM EST
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To: Michael Graham who wrote (209)5/23/1999 10:35:00 PM
From: Whisperer!  Read Replies (1) of 483
 
Well put Michael...My understanding was that gross bets were considered gross revenue. Gross profit was the casinos cut of the gross bets. Net profits were gross profit minus expenses. CSIN has just opened. I suspect we will see their numbers in the next month or so.

Either way you slice it up CSIN will keep a very high percentage of gross profit. They do not have the overhead many of the other online gaming people do. Remember they are buying franchises. Those franchises come with all the back up support supplied by the franchisor.

With out an over head like SNMM and a very small capitalization (only 6.143 million shares) CSIN could way outperform them.

When the company stated $1.50 per share they were talking about their first full year of operations. The companies first casino went online in April of 1999.

As far as reporting numbers the company told me they intend to comply with the SEC and become fully reporting as quickly as possible.

I like CSIN here. They have acquired other franchises as they said they would. They have entered into negotiations to acquire proprietary software as they said they would. That to me is a good start. Most of the other things you have discussed need only time. I too am anxious to see some concrete financial results...but we all have to wait.

Check out the companies web site @ casinopirata.com
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