SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?


To: Uncle Clive who wrote (6851)8/31/1999 4:55:00 PM
From: Uncle Clive  Read Replies (3) | Respond to of 8858
 
I would like all you bulls out there to explain to us sceptics out here how you can have any faith in a CEO who makes the following blatantly erroneous statement in that really "objective" interview from Internet Stock News carried on PR Newswire this morning.

"... It (the porn sites) has been an asset that has not appeared on our balance sheet, but we have enjoyed the revenues from it." ...

How can it not appear on the balance sheet? Every asset of the company and its subsidiaries is on the balance sheet, even if it is fully depreciated, which in this case I would doubt. At the very least it would now appear as an asset held for sale as a decision has been made to sell the business.

You guys are sure gullible to put your faith in a ceo that makes public statements like that.