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

To: Gator who wrote (6270)	8/24/1999 6:47:00 PM
From: Hockeyfan	Read Replies (2) \| Respond to of 8858

Interesting post on RB... Buy now- SNMM MAJOR NEWS RELEASE BEFORE WEEKEND ragingbull.com

To: Gator who wrote (6270)	8/24/1999 7:21:00 PM
From: Techplayer	Read Replies (1) \| Respond to of 8858

Gator, i expect that there will be a better price soon. read this from the SEC document. I thought about this and posted a theory this morning. here are actual comments in the document that back it up. all of the garbage that these guys post is really just that. charges out there will probably center around the following, the company will drop, will not close, probably get fined, and ultimately do fantastically. I will probably be on the sidelines...brian The Company and its licensees are subject to applicable laws in the jurisdictions in which they operate. While some jurisdictions have introduced regulations to attempt to restrict or prohibit Internet gaming, other jurisdictions, such as several Caribbean countries and Australia, have taken the position Internet gaming is legal and/or have adopted or are in the process of reviewing legislation to regulate Internet gaming in such jurisdictions. As companies and consumers involved in Internet gaming are located around the globe, including the end-users of the Company's licensees, there is uncertainty regarding exactly which government has jurisdiction or authority to regulate or legislate with respect to various aspects of the industry. Furthermore, it may be difficult to identify or differentiate gaming-related transactions from other Internet activities and link those transmissions to specific users, in turn making enforcement of legislation aimed at restricting Internet gaming activities difficult. The uncertainty surrounding the regulation of Internet gaming could have a material adverse effect on the Company's business, revenues, operating results and financial condition. However, legislation designated to restrict or prohibit Internet gaming may be adopted in the future in the United States or other jurisdictions. After previous similar proposals failed to pass in 1998, on March 23, 1999, Senator Jon Kyl of the United States Senate introduced a revised proposal intended to prohibit and criminalize Internet gambling. There can be no assurance whether any such bill will become law. As well, existing legislation, including United States and federal statutes, could be construed to prohibit or restrict gaming through the use of the Internet and there is a risk governmental authorities may view the Company's licensees or the Company as having violated such statutes. There is a risk that criminal and civil proceedings could be initiated in such jurisdictions against the Company's licensees or the Company and such proceedings could involve substantial litigation expense, penalties, fines, diversion of the attention of key executives, injunctions or other prohibitions being invoked against the Company's licensees or the Company. Such proceedings could have a material adverse effect on the Company's business, revenues, operating results and financial condition. In addition, as electronic commerce further develops, it may generally be the subject of government regulation. As well, current laws which pre-date or are incompatible with Internet electronic commerce may be enforced in a manner that restricts the electronic commerce market. Any such developments could have a material adverse effect on the Company's business, revenues, operating results and financial condition. Starnet is in the process of minimizing the potential risks in this area by putting greater marketing efforts into foreign jurisdictions, and by developing an Internet pari-mutuel system. Starnet has received a legal opinion from a Nevada State Attorney stating that Starnet is conducting its business in accordance with U.S. Federal and State laws.