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Microcap & Penny Stocks : Bingo.com Ticker BIGR (formerly BIGG) -- Ignore unavailable to you. Want to Upgrade?

To: hammer who wrote (288)	2/8/1999 11:07:00 PM
From: jhild	Read Replies (1) \| Respond to of 1119

Hey hammer, if he said 25M shares authorized, that is wrong. The Florida Amendment to the corporate charter of Bingo.com clearly makes this number at 50M. I provided a link to the fax image of this document early on. Not an encouraging start, when the PR guy is concealing something so easily verified as wrong.

To: hammer who wrote (288)	2/9/1999 10:28:00 AM
From: Baz Luhrman	Respond to of 1119

Great Post Hammer!!

To: hammer who wrote (288)	2/10/1999 1:51:00 AM
From: jhild	Read Replies (1) \| Respond to of 1119

hammer, I have been looking at the numbers that you have related from Bingo.com and I really don't see that they hold together very well. Now, I haven't seen exactly how it will work, this playing bingo on line thing. And maybe you could describe in more detail how an actual player will go about playing this fast paced sport of kings. But looking at the numbers - $67,500,000 gross revenue from playing Bingo comes to $185,000 per day. Now this money has got to come from some place. And where does it come from? Does it come from these 100 players that will be playing 24 hours a day? $1,850/player/day? Or is it that there will be multiple games throughout the day so there will be lots of people in and out of these games? So that means that they will be generating $7,700/hour off of these games. So with 100 players playing as the model, a player that stops to play for one hour is expected to drop $77 into the Bingo hole? And only get back $39 on average an hour? This isn't your grandmother in tennis shoes crowd, clutching a couple of daubing markers. These guys are going to run up serious losses. Of the 100 mythical players working year round each will be slated to wager $675K per year, losing by Chris Sargent's figures $337K a year. Using his estimate that there would be 100,000 signed up, this number drops to just each one losing $337 per year. But still that is a rather stiff yearly indulgence for all 100,000 players to absorb. There is no way that I can massage these numbers to ever be reasonable over a population of just 100 simultaneous players. So that means that to achieve these numbers they must have more than 100 players playing simultaneously. Looks like this revenue model needs 1000 or more players at once. That is a lot of Bingo. And those games will be quick with 1000 cards out there if they are in the usual 5x5 format, if that's how they play their version. Looks to me like you got a shine right there in those seventh floor offices of theirs. These numbers just don't seem well thought out. The Blue Sky laws notwithstanding, these guys are looking more like they better watch out for the Deep Blue Sea laws.