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To: Uncle Clive who wrote (7456)	9/15/1999 3:26:00 PM
From: Uncle Clive	Read Replies (1) \| Respond to of 8858

That should read Q4 not Q1. This is a sequential comparison and the conclusions are the same. Another interesting note is that cash flow from operations went from a positive $629,000 last year to a negative $1,010,000 this year. This was mainly due to to the never never plan they appear to offering new licensees imo.

To: Uncle Clive who wrote (7456)	9/15/1999 3:54:00 PM
From: Techplayer	Read Replies (2) \| Respond to of 8858

UC, Starnet said that this quarter would yield these results as there was a front loading of fees for several new licensees last quarter yielding higher than normalized numbers. Starnet also said to expect these earnings (flat is what was said). the only thing that was not predicted i believe is the number of overall shares. Starnet said last quarter that it takes 6-9 months to get a licensee up to profitability. the revenues this quarter will show a marked increase, imo. regarding the bank accounts, that is a surprise. There is an ongoing effort to unfreeze these assets. It seems extreme given the data that the RCMP has published in the application for a search warrant. I am more curious right now as to whether the appeal has been heard by the courts to end or alter the restraining order on the accounts. If os, Starnet will operate fine on its remaining assets but will need to postpone some growth plans for several months or until assets are returned. Brian Brian