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


To: Techplayer who wrote (6586)8/27/1999 10:57:00 AM
From: pavlov 1  Read Replies (1) | Respond to of 8858
 
1 Bil lawsuit coming today!!!



To: Techplayer who wrote (6586)8/27/1999 11:01:00 AM
From: pavlov 1  Read Replies (2) | Respond to of 8858
 
Starnet will get hit any moment with the summons for the lawsuit for
$ 1 billion! Their case is looking worse and bigger by the minute. We are expecting to get a copy of the statement of claims today, and will be the first to publish it!

Starnet's stockholders will file a class action suit against Starnet!

Starnet's NASDAQ application will end up in the rubbish bin!

Starnet's private placement for $ 30 million is dead! No money for the crooks!

Starnet's auditors will probably get sued by the stockholders and drop them. Who needs this kind of client?

The sale of the pornographic business will further reduce earnings, and so the loss of business from Las Vegas Casino, Starnet's biggest licensee for the casino games. Starnet is heading straight back into the red. Any profits, if any, will not be enough to cover the huge legal costs and the moving to Antigua, trying to stay out of jail and just survive!

Starnet will then get hit with the judgements, and they sure don't have enough money to pay for these, so bankruptcy is next!

Starnet is sinking very fast, but at least Jack Carley is laughing all the way to the bank, with the others! Starnet's licensees told Gambling Magazine that he never understood a thing about the operations of the company. At least he knew the rats always leave the ship before it sinks:

Look here:
biz.yahoo.com

And read the:

SPECIAL COVERAGE OF
STARNET'S HUGE PROBLEMS

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