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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (3941)	7/28/1999 12:02:00 AM
From: Lonnie	Respond to of 8858

Some excerpts from one of 3 of David Baines articles in July 24th edition of the Vancouver Sun about Starnet. They don't have archives so I retyped some of the paragraphs that show character of some of Starnet's licencees. Verify with the Vancouver Sun if you care to do your own DD on any of this. Only about 6 are public companies that trade on the VSE or the loosely-regulated OTC BB in the US. "these bulletin board guys, or those guys on the VSE, we don't know what to expect of them," said Dohlen. One of Starnet's licensees is Bronx Minerals Inc. a VSE-listed company that was an exploration company until 2 weeks ago, when they announced its entry into the gaming world. Bronx plans to obtain a gaming licence from Antigua, which has been a favourite offshore jurisdiction for gaming licences, for $100,000.00 The licence has already paid big dividends in the market place. After the announcement, Bronx's share price quadrupled to 80 cents. But Bronx has a dismal track record. Under the control of Bedo and Jacob Kalpakian of Vancouver, it has gone through 4 name changes-Armenian Express, Armenex Resources,Ecuadorian Copperfields and Bronx Minerals. It has also raised and lost $6 million of shareholders' money. The Kalpakian's other public company, AG Armeno Mines has also been a financial shipwreck. It raised and lost $20 million of shareholders' money, much of it through a hugely-unprofitable silver mine in Ecuador. The Kalpakians are now asking Bronx shareholders to approve a name change to Las Vegas from Home.Com Entertainment Inc. One of the licencees that is actively issuing sub-licences is Global Interactive Ltd. It is registered in St. Kitts, but maintains an office in Vancouver. Neither Dohlen or Global's Vancouver representative,Duane Mills, would divulge who is behind the company. In May, a bulletin board company called First American Scientific announced it would licence Starnet's gaming technology from Global. First American's president is Gary Burnie, a former broker with Wolverton Securities who had his licence revoked for 7 years for his role in a VSE stock scandal called Bu-Max Gold. In charge of investor relations is another former broker, Ron Henrickson, who left Union Securities in April after he came under investigation for his dealings with promoter Nik Markovina, who helped dupe a Kamploops couple out of $450,000.00 US. In June, VSE-listed GNI Petroleum, an unseccessful oil and gas company, announced it would merge with Universe Holdings Ltd. of St. Kitts, which obtained a Starnet licence through Global. GNI shares, which had been trading at 60 cents Cdn, spiked up to $1.04, providing a huge paper profit for GNI investors who privately bought several hundred thousand shares from the company several months earlier at 15 cents each. Among those investors was Curt Lehner, a former vice-president of Eron Mortgage Corp. and former right-hand man of Frank Biller, of of 2 men at the centre of the $200 million Eron scandal. (Biller was also a director of GNI's predecessor company, Garrison Resources until October 1997 when regulators suspended Eron's licence.)