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

To: Michael Graham who wrote (6253)	8/11/1998 8:35:00 PM
From: bodie	Read Replies (1) \| Respond to of 8879

Part of a story I found in the Independent Offshore services Dominica offers include: the Economic Citizenship Programme, Offshore Banking, domicile for International Business Companies (IBC's), International Exempt Trust, Exempt Insurance and Internet Gaming. As far as the Internet Gaming Service is concerned, 19 companies have been licenced to operate here, the Finance Minister said. He asked the private sector to support Government and get involved in the provision of legal advice, banking and other management services to make the industry a success. delphis.dm

To: Michael Graham who wrote (6253)	8/11/1998 10:43:00 PM
From: Bob Davis	Read Replies (3) \| Respond to of 8879

Mike, I do of course agree that GLOW does have an agreement with "Island Sports Book and Casino of Dominica". I have not felt otherwise since the initial press reports, with their HTML link to the July 30th GLOW press release, were corrected, and I clearly stated this in my post #5696, which I posted at 12:00 PM on August 2, 1998. And I also agree with you that what GLOW stated in its July 7th press release and what actually has occurred are quite different. The July 7th press release was headlined "Global Games Corp. Signs Preliminary Agreement With Commonwealth of Dominica, West Indies", when in fact, no such agreement had been reached. To date, GLOW is yet to correct this "mis-statement", which they are certainly legally obliged to do. In fact, I suspect that anyone who purchased stock in GLOW subsequent to the July 7th press release, and has subsequently incurred a loss on their "investment", will have a legal claim against GLOW. However, since I did not make such an investment and have not incurred such a loss, I have no interest in exploring this matter further. See your own attorney for further information.... However, I cannot see any evidence whatsoever that the Government of the Commonwealth of Dominica has taken any role in this venture, however passive, other than to license it to operate in the country in the same manner that it has licensed the other six virtual casinos which are domaciled there. I also do not agree that a relationship with Island Sports Book "still performs the same function" as a relationship with a governmental entity, such as the "Government-Sponsored Casino Gaming Site" described in GLOW's July 7th and July 15th press releases. Such a relationship, if it existed, would provide a very strong competitive advantage. In Atlantic City, Las Vegas, or the local bingo hall in the firehouse, a gambler is placing his bet with a known entity, and can reasonably expect to receive his payoff if he wins. However, on the Internet, a gambler is generally placing his bet with an unknown entity...unless that entity is "The Government of Dominica". As a result the "GLOW" casino will merely be one of seven virtual casinos operated out of Dominica, and will compete directly with a unknown number of other virtual casinos run from nearly two dozen countries around the world. Since it is apparently very easy to open a virtual casino, I would imagine that this market will become very competitive in the near future. Bob Davis The Napeague Letter napeague.com