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Non-Tech : Win $5 million USD with ABET -- Ignore unavailable to you. Want to Upgrade?


To: THOMAS GOODRICH who wrote (17)10/18/1999 10:32:00 PM
From: Dave Gore  Read Replies (1) | Respond to of 61
 
Thanks for your thoughts, but I do not judge CSIN and CAOL the same as ABET. Their situation is very different.
CSIN's stock is down (perhaps unfairly) because of their unfortunate association with their transaction processing company that hopefully will get corrected soon. CAOL is not really in this niche, at least it's not really their major future revenue stream.

Again the key for me is precisely and completely that these guys have the Instant Win lottery which makes them totally unique from any other Lottery on the planet that I know of. I always look for companies that have a unique technology that gives them a competitive advantage. And those that are first usually have a big ongoing advantage.
This isn't just another casino gaming stock with the same ol' casino games.

Their technology changes everything about betting the Lottery. I think it is the big reason that could make lotteries work online....and even if they can capture .001% (1/1000 of 1%) of the Lottery market outside North America, that is still $100 Million dollars a year or so, if my math is right.

Can someone copy them? Sure, but a company who files their patent request first has the inside track and often prevents others from investing time and dollars, since if the patent is granted, the initial filer owns the rights to the Instant Draw methodology and everybody else wasted their time and money.

Thomas, if I were you I would not invest in this stock. I always recommend that people either do very complete DD or trust their gut and move on if it doesn't feel right. I hope some of you watch the volume and the release date of the "real" website. Those will be the next key events I bet.