To: Ed Gee who wrote (417 ) 3/6/1998 7:07:00 AM From: Mephistopheles Respond to of 1968
Yesterday most of the market went down (allmost), not only FDCD. I'm sure FDCD is not your only stock. Yes, the business is real, the product as well (you can download it), it is tested and operational (it is Cryptologic products that has been in production for more than a year now). If you start the product and you also see that the "backoffice" system is there (You Can Connect!!!) Now what? Well, yes, I will not put by eggs into an Online Internet Casino company with roots in the US. That's why it is important that the business has NO ROOT in the US! I said that on Cryptologic thread a few months ago. FDCD and CRYP are Canadian companies, operated by Canadians, in Canada. Yes, they have their subsidiaries where the actual Gaming is legal, with valid license. The Canadian govt. as no intention to do anything like in the US to those firms. In fact, they would like to make it legal so they can have them get their operation 100% in Canada and be able to "tax" them. It is "new" money for Canada since the bulk does not come from Canadians. The FBI has been doing that for a while, it is not new. So, for CRYP and FDCD, time to buy some cheap stock, IMHO. (For CRYP shareholders: Cryptologic Barbados subsidiary (Inter.Tain.Net) allows CRYP to leave the bulk of their revenue to be tax in Barbados. Canada has a very solid tax treaty with Barbados, and that's is why, like any Canadian High Tech company, they have such "international" structure. This allows to bring the corporate tax rate down. Like most Canadian High Tech company, they make money from export, where usually the Canadian market itself represents about 5% to 8% of their business.) Mephistopheles