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

To: bob lange who wrote (7300)	9/9/1999 10:51:00 AM
From: StockDung	Read Replies (2) \| Respond to of 8858

Starnet loses another blue-chip partner gamblingmagazine.com "WE ARE HIGHLY REGULATED AND YOU GUYS CAN'T HANDLE OUR BUSINESS" Starnet has more troubles as the Toronto-based Ontario Jockey Club has dissolved a 15-month business arrangement with the company and broken off negotiations to develop an Internet parimutuel betting system complete with Internet simulcast from its Woodbine racetrack. The Ontario Jockey Club also dumped Starnet as its supplier of streaming technology that supported on-line broadcasting of its horse races. Starnet had supplied streaming technology to the jockey club's video feed so that punters could watch the races on-line from the OJC's Web site. Starnet made big promises to the investors regarding the revenues they will generate from these arrangements. Once again, Starnet just makes promises after promises but delivered very little, if anything. This major blow to Starnet will most probably send their shares sharply down again. Investors are getting fed up with all the lies and broken promises. Mark Dohlen will be remembered as promising Mark! Starnet was earlier on dumped by their auditors Ernst & Young, then Nesbitt Burns, and more will follow as good companies don't want to be associated with criminals! Starnet will find it very hard to survive in these conditions, no decent auditors will come close to them, the desperately needed $ 30 million loan is in the trash bin, all their partners are pulling out, one after the other, and the company will be left with nothing but huge legal problems. Read the full story at: canada-stockwatch.com A great site really worth joining. Back to the main page for more on Starnet's huge problems article # starnet53