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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?


To: Nutty Buddy who wrote (6015)8/6/1998 5:57:00 PM
From: jjbucci  Read Replies (2) | Respond to of 8879
 
Buddy,

Actually, I do think you have most of the picture, There have been cases in the past where winners have not been paid by some of the companies that would be competition to this venture. MSNBC recently had an article on this.

I believe that GLOW in doing this deal, affiliating with the GOVERNMENT of Dominica, eases many of the fears that online gamblers will have about getting paid. The GOVERNMENT entity becomes a trusted party in this.

Just my opinion.

jjbucci



To: Nutty Buddy who wrote (6015)8/6/1998 6:03:00 PM
From: BigRedMan  Read Replies (1) | Respond to of 8879
 
Buddy, You ask excellent questions! Good to get back to rational discourse for a change.

You said...

Who in their right mind would gamble their money on a web site based in another country? What is to guarantee you collect your winnings?

That is exactly why dealing with the Goverment of Dominica is more reassuring than dealing with a private company. A gambling site is going to make one helluva lot more money paying out winnings than stiffing bettors. How often do you think a gambler will return to a site that stiffed him? How often will that SAME gambler return to a site that took all his money but DIDN'T stiff him??

If this is done by credit card, what keeps the foreign based establishment from sucking your card dry with unauthorized drafts?

I just recently got back from China and Hong Kong. I used my credit card all over the place in both countries. What is to guarantee they won't suck my card dry? Why is the internet any different from traveling to these countries? Dominica is really starting to become a force in the tourism industry. How well do you think they'd do if the government starting ripping off people's credit cards??

What is to guarantee GLOW will receive their cut?

GLOW provides the maintenance on the software. I am part owner of a software development company. We finance some of our sales and execute maintenance contracts. Who is to guarantee we'll get paid??? We build traps into the software that require our oversight. If these traps are not tended to, the software shuts down.

What legal recourse would you have in these instances?

Trust me! You have much more than legal recourse working for you. You have reputation! Look how fast internet rumors bring stocks to their knees. When a few on-line gamblers are stiffed, you can bet they won't be silent!

Seems rather risky to me, but maybe I don't get the full picture.

Hopefully you do now.

GO BIG RED!!