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

To: Rob Bowerman, Jr. who wrote (6171)	8/10/1998 11:06:00 AM
From: Scoobs	Read Replies (4) \| Respond to of 8879

Glow is very risky. Too much speculation and variables involved. I would put my money elsewhere.

To: Rob Bowerman, Jr. who wrote (6171)	8/10/1998 2:01:00 PM
From: Tony	Read Replies (1) \| Respond to of 8879

T-bills are short term debt instruments, therefore proceeds from T-bill auctions do not constitute revenue from commercial operations, nor income. (Increase in cash due to an increase in liability does not show as income on a balance sheet.) I have little doubt that the Dominican government will fufill it's contracts with GLOW, but the not for the reason stated by bodie. That's all I was trying to say. -Tony

To: Rob Bowerman, Jr. who wrote (6171)	8/11/1998 1:52:00 PM
From: Rob Bowerman, Jr.	Respond to of 8879

Darn this three message per day limit.... Tony, I just wanted to make a couple of points about what you were saying.... In a previous note, I mentioned T-bills but I was intending for it to be as a generic term for T-bonds, T-notes as well as T-bills. The US government is replacing the older, much higher rate of interest debt instruments offered in the past with the currently much lower yielding instruments. This reduces the debt payment that must be made to investors (T-bonds/notes/bills holders) each month. This freed up money can then be used for other purposes such as actual debt retirement like what has already happened twice this year, so far. Now the reason I'm pointing this out is to compare it with the situation in Dominica. You stated: <<...but I just don't see any reason to assume that the Gov't of Dominica is desperate for this project to go forward.>> I do see a reason why Dominica might be anxious to see this project succeed. Dominica has a very small population on which to draw income (taxes) from. They do not have the kind of (relative) political and economic stability that the US has enjoyed for quite some time. They cannot offer T-bonds/notes/bills like the US can. They cannot offer debt instruments at the favorable (to Dominica) interest rates like the US currently can. They do not have the foreign investor interest that the US enjoys (US foreign investors own over 1 Trillion dollars in T-bonds/notes/bills). However, they do have very pressing needs for decent state-run hospitals/schools/parks and they need to expand their main airport to be able to bring in more tourists to support their economy. Income from internet gaming is almost free money to them, with no long-term strings attached (such as 30 year interest payments). The money, for the most part, would be coming from foreign sources for a net gain to their economy instead of shuffling the existing money supply (taxes). You might call it growing the business. I would think a smart Minister of Finance would much prefer growing the economy rather than taking away from his/her already desperately poor countrymen (countrypeople?). Anyway, these were a couple of thoughts I had. --Rob