To: Forest Gump who wrote (25845 ) 6/16/1998 9:07:00 PM From: NASDBULL Respond to of 34592
Beware of stocks like NBET!! They are funny to watch, but be cautious. Found this old release on while doing some research, it made me laugh! NASDBULL <<<<<<<<<<HOLLY HOLDINGS (OTCBB: HOPR) was delisted from the Nasdaq small-cap market this week. The stock, which has had a split adjusted price as high as $7 11/16 this year, closed at $0.16 on Friday. The company expects the stock to begin trading on the "bulletin boards" later this week. The lesson here, as it was two weeks ago when looking at the internet gaming companies that have imploded, is to be extremely careful in this sector -- especially with small-caps. And finally, for our laughable press release of the week, I highly encourage you to read this press release from BETTING INC. (OTCBB: BETT). I know twelve year-olds who have better grammar than what was put on the wire by this company. As regular gaming board contributor Mary Ann Snyder said of the release, "What also struck me is a phenomenon that I have noticed in the Hallowed Halls of Microsoft, namely, that people are under such stress that their speech becomes curiously truncated. Things like adverbs, adjectives, pronouns, and other nonessential speech pacing devices get dumped." Could we have "The next Microsoft" on our hands with Betting Inc? (That was a joke, and a bad one at that.) Not only did the grammar have me on the floor laughing, but the company also said that the company expects to see "2% to 6% of 500 Billion Dollars Plus of Gaming Industries" (exact quote). Let's see -- 5% of $500 billion is $25 billion, which is greater than the annual gaming revenues of all of Nevada and Atlantic City as well as the gross revenues of Microsoft combined. I guess if you are going to blow some hot air, you might as well blow it in style. Winners and Losers AMERICAN BINGO (Nasdaq: BNGO) (N) (S) was the most notable winner after the company pre-announced their quarterly numbers and said they expect to have second quarter revenues of roughly $1.3 million with earnings per share of roughly $0.08-$0.10. Top percentage movers (stocks over $1) Winners Closing Price Weekly Move Amer. Bingo (BNGO) $5 1/16 +22.7% Interactive Flight (FLYT) $6 7/8 +19.6% Video Lottery (VLTS) $7 3/4 +14.8% Gaming Venture (GVCU) $2.44 +14.7% Losers Closing Price Weekly Move Colorado Gaming (CGME) $2 1/2 -41.2% NetBet (NBET) $2 1/8 -19.0% Virtual Gaming (VGTI) $3 1/4 -18.8% Kids Quest (KIDQ) $4 1/4 -17.0%