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

To: Jason King who wrote (165)	3/24/1998 6:38:00 PM
From: Drake	Read Replies (1) \| Respond to of 8858

I guess some of that is non-trading. I read in the Starnet 10-SB that 10 million shares are in escrow (frozen or non-trading) until 1999. So that would mean 30,350,000 - 10,000,000 = 20,350,000 And since the warrants have not been exercised we can subtract a further 4,900,000 20,350,000 - 4,900,000 = 15,450,000 It looks like they will have roughly $3 to $3.5 mil in revenue for 1997 alone and if you project the rate of growth for the earnings into 1998 with the added revenue of their licensees (granted this could be a wild card but if the other operators are any indication I think we can only expect a dramatic increase in revenues) we are looking at a $3 to $4 stock at 5 to 10 times earnings. Even as the warrants may be exercised we would see millions of dollars added to the treasury. Wild speculation? I think as far as industries go it is not too often that a person gets a chance to get in on something that has the proven potential that Online Gaming has.