Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook Message Board

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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook

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To: Roofman who wrote (2947)	5/30/1999 4:30:00 PM
From: Gator	Read Replies (1) of 8858

Roofman, Some really good stuff!!! I guess a lot of folks have been itchy lately, but with Starnet there is no need to panic :> I'd Like to share IG's post from Stockhouse with everyone: >>> Posted By Subject PostTime (EST) internetgambler NERVOUS ABOUT SNMM - DON'T BE!! 5/27/99 1:18:12 PM Here is why: SNMM is becoming one of the leaders in this fledging industry. Their goal is to capture as much market share as possible by: · Developing a superior product to the competition · Adding sport celebrities to their sites to attract customers that follow these people · Signing up new licensees - Every time that SNMM announces a new licensee don't look for or expect the stock to react positively. Each licensee takes up to four months to get established and begin to generate revenue. So when SNMM announces a new license THINK long term (6 months out to impact SNMM's bottom line). RISK vs. REWARD factor Starnet is for all purposes a start up company (with all the knock of the adult sites just remember this - without that steady stream of revenue this company would be no better than TTLN or GGNC). The adult sites allow Starnet to use its resources to develop and market their I-gaming software and to promote itself as a front runner. The risk to invest in Starnet is HIGH. Hell besides being a startup company they trade as a BB stock. If this isn't risky I don't know what is? However, Starnet has minimized that risk substantial by having a sound business plan (expanding its operations to other countries, signing deals with the horse and greyhound racing industry) and being up front about it. Nevertheless the risk is still high but the rewards more than offset it. Several independent publications (some have been posted on this board and on RagingBull) indicate that the I-gambling industry will be a multi billion dollar business inside of four years. As long as the big casinos stay out (and thanks to the Kyl bill this will happen) Starnet and a few others will enjoy tremendous good fortune and market share. NASDAQ listing and Adult Sites With the listing comes more exposure both good and bad. In fact it is a safe bet to post that we will see more bashers as this company becomes more successful. Lets face it, besides these message board (i.e.Stockhouse, RB,SI, etc.,) a few friends and family members, the rest of the world doesn't even know about Starnet or this industry. Will that change with a listing? You bet. Will it change to the degree many of you hope maybe not? The only thing that will attract the masses is MONEY. When this industry starts to generate the volume that is predicted we will then see this stock truly take off. Adult Sites - While just about everyone is hoping for the sale of this asset YESTERDAY, why should Starnet sell it for less than what it is worth? As a shareholder, I would be more mad if Starnet discounted this valuable asset 'just to unload it". I'm sure any astute investor in SNMM would feel the same way. When the right price comes along I'm sure Starnet management will sell it immediately. Until then just set back and relax. We all know that Starnet is aware that the majority of its stockholders want this division off the company's books. Lack of PR or other news Unless Starnet has something worth wild to announce why (as stockholders) do we want them to waste financial resources just to pacify shareholders or prop the stock up? I hope this helps some of you that get nervous when the stock is not moving or going down. If you bought the stock for the long term 12+ months you will be happy. If you bought the stock for a quick play on your margin account or through credit cards then you may take it in the shorts. There are no GUARANTYS either way but Starnet is a better gamble than most. Good luck to all IG >>> IG, excellent post, and right on the money!!! Later...Gator

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