Jor, thanks for the info on that BETT posting.
I think this post should be included even though
this peoson never posts here. Very interesting
on what other people we haven't heard from think
of our little jem!!
Fli(reprinted without permission)
"Just over the RB board and read a great post by Lancelot.
Thought I would post it here for him. --- Good stuff Lance.
Pierre-BETT is a company beginning to really come of age
and define itself.Outstanding shares are around 11Mil.Trading
float is around 5.5Mil.Those numbers are from the company
as recent as last week.They are a fully reporting company
with all their SEC papers filed on time.Something most BB's
rarely do.BETT is positioning itself to become a big player in
the global on-line gaming industry.They already have revenues
from their on-line casino(777WINS subsidiary)with those
revenues projected to triple by the next QTR.They have also
just opened their new esportsbook-for on-line betting of all
major sports(another revenue maker),and their BIG project-the
PERFECT wagering system.BETT is positioning itself to
generate revenues from it's own gaming company(and others
as well)holdings by routing the PERFECT gaming wagers to
their competitors for a small(2-6%)service fee.These service
fees will start adding up quickly as the transactions
continue.This is called TSP(transaction service
processing).On-line gaming analysts estimate that thes
transactions alone by 2002 will add up to 200 billion.BETT is
designing their TSP business to capture 40% of that
exploding market.That my friend,is a lot of money.Every
transaction throughout the world that uses BETT's PERFECT
wagering system of cash/credit will increase BETT's revenues
and profits.The numbers could be staggering from the TSP
revenues,not to mention the casino,and on-line sportsbook
revenues.In their last press release,BETT estimated their
earnings per share for next year to be between 10-20
cents-and that is conservative at this point in time.I believe
the management is very sharp and aggressive.They are
shareholder friendly-they keep us updated regularly.And they
are very receptive to questions.There will be a shareholders
meeting soon in Las Vegas.They needed to reschedule the
last one(in early April),and they offered to reimburse any
shareholders for the difference in plane fare reservations made
earlier.How many companies do that?Not many my friend.I do
not believe this is a fly by night company.I took a serious
position in BETT recently and many of my shares are
restricted for a period of time.Believe me Pierre,I wouldn't have
done that if I wasn't comfortable with the future of BETT.Read
their press releases(on Yahoo or Business Wire),check their
trading charts,and do your research.I don't think you'll be
disapointed.If you are,then don't buy.Look at how BETT is
valued compared to GGNC or SNMM.I hear there will be big
news in a few weeks as well.If it's what I believe it is,the stock
price should respond even more than of late.The price right
now is .70 cents.I believe we could see 3-5 by the Fall(maybe
earlier),and next year BETT should really go places(I believe
10-20 is possible next year).Many investors I know are and
have been taking positions in the stock for the long term.I
guess they agree with me.If you subscribe to Silicon Investor
message boards,then you should really check out the BETT
board there-some very sharp investors that know the
company and are in touch with the CEO on occasion.The
Raging Bull message board is good too.Plus I update people
here on my board as often as I can.Hope I answered some
questions for you Pierre.Remember,always do what is
comfortable for you-and do your research(DD).If you decide to
buy,make sure you spread the word.Go BETT!Take care and
let us know what you do.
Happy Returns-
Lancelot- " |
