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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino -- Ignore unavailable to you. Want to Upgrade?


To: Mephistopheles who wrote (451)3/12/1998 10:04:00 AM
From: Kwan Yin  Read Replies (1) | Respond to of 2782
 
I doubled my position on Crypto last week. My original purchase was under $5 and I hung on even when it went to $ 39. This is an amazing company with great people and huge potential. I also own FDCD. Internet gambling has a terrific future; hang in there!



To: Mephistopheles who wrote (451)3/12/1998 11:08:00 PM
From: T.J.D.J..  Read Replies (1) | Respond to of 2782
 
Thanks for the response....always nice to get thought out feedback.
Have you checked out CRYP'S web page recently. They are looking for lots of professional people to fill positions. Very good sign....Company is growing and continues to succeed..You are right Mephistopheles time does seem to be the factor here. The pieces will continue to fall in place.
Best regards
T.J.



To: Mephistopheles who wrote (451)3/13/1998 1:37:00 PM
From: Yardbird  Respond to of 2782
 
$3.5 million write-down in Q4. Any idea what that was for? Could they be having trouble collecting players' losses via credit cards? From what I know of gambling law, a gambling debt may not be recoverable in court. Also, from looking at the recent financial highlights, the growth of revenue has slowed as follows:

1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
Revenue $1.74M $3.58M $5.92M $6.61M
Qtr to Qtr growth 105% 65% 11.7%

I bought Cryp at $18 last August and sold it when the latest financial results were finally released. I wouldn't mind a good reason to get back in - what budding industry could have the potential of "Internet + gambling"? But I was disappointed to see that growth had slowed so much. I'd still take 10% per quarter any day but if we're seeing a trend, will the growth this quarter be flat or negative?