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


To: Gator who wrote (5259)8/20/1999 10:31:00 PM
From: Wayne Rumball  Read Replies (1) | Respond to of 8858
 
here it is for anyone too lazy to click on the link. Sounds a bit like what I've been saying all night;


By: chesterinvestor
Reply To: 108354 by tryoty
Friday, 20 Aug 1999 at 10:06 PM
EDT
Post # of 108634

Hello Ladies and Gentlemen.

What a day. I'm pooped. Feel like I've been in another car wreck.
Oh well. Still got my health. And my shares. Looks to me like this
little derailment will sort itself out eventually. Couple of points to
make.

1. Starnet sites are still up and running and continuing to generate
revenue.

B. In a worst case scenario, Starnet can leave Canada amd
continue business. They have more than enough cash to do that.

3. Starnet will continue operations Monday. They will continue to
sign licensees. They will continue to develope their business plan.

With that being said, I have a few more comments. As difficult as
this has been for all of us, I still see a bright future. I was thinking 3-5
years when I bought this stock, and I'm still thinking along those
lines.

Big setback?? Yes. Absolutely. Will this kill the company?
Absolutely not. There is a lot more to this raid than anyone could
possibly fathom at this point in time.

Why hasn't CRY or GGNC been raided? There are politics involved
here. It will take a while to pan out.

What does really disturb me is how many of you seem to think that
the story is over. It's not. We are not halfway though the book yet.
This will be one of the memorable chapters, but it's not over.

The fundamentals remain the same. Nothing has changed. This
business is a cash cow, and cash cows have a knack at surviving.
We will survive. We will prosper.

My heart goes out to all of you who have experinced real losses. It's
a shame. Really.

Does anyone think that this will effect the people who gamble on
Starnet sites?? Of course it won't! Revenues will continue to grow.
The market will eventually catch up.

I've gotten to be friends with several of you outside of this board
and I feel as though I know most of the rest of you. It's like family.
But some of you act like we're at a friggin' funeral! It's like a family
member was seriously injured. AND WILL RECOVER!! Days like
this are tough to say the least, however, in my opinion, WE SHALL
OVERCOME!

I'm either a visionary or an idiot. Time will tell.

P.S. To the bashers: Don't bother rubbing it in. The story ain't over
and you are all on ignore anyhow.

Cheers!

Chester
HOS BOB!!!!!



To: Gator who wrote (5259)8/20/1999 11:03:00 PM
From: Techplayer  Respond to of 8858
 
Gator, That hits very close to home. Those guys should have gotten their butts out of Canada if they were in fact doing anything besides building the business. what the hell were they working so hard for? they had the industry by the nuts (so to speak). Perhaps this thing with Ng and the premier are behind this, but only time will tell. at this point, there is no choice to relo once criminal charges are avoided (if...), dismissed or simply never made. brian