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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino -- Ignore unavailable to you. Want to Upgrade?

To: arsene_lupin who wrote (865)	3/18/1999 9:56:00 AM
From: DaveAu	Read Replies (2) \| Respond to of 2782

arsene_lupin, The number of licensees is indeed a concern. SNMM is also showing a higher growth rate (in percentage terms) than CRY for the moment. IMO, those 2 things are what is driving SNMM more than IR. Also, SNMM seems to have a wider array of gambling vehicles such as sports book and racing which bode well for future growth although CRY seems to be the leader in Casino features. I don't know who the ultimate winner is going to be so I purchased both companies. For now, the gambling market seems to be big enough for both of them. As far as Nasdaq, SNMM has applied for a listing but right now both companies are on the BB. I would be happy if CRY listed on Nasdaq as well but it doesn't seem to be in the cards for now and I don't think we should become obsessed with it. If CRY keeps growing, I expect that at some point the share price will start to catch up very quickly. Probably not as explosive as SNMM but a quick double from here wouldn't surprise me. I think its fairer to judge management based on earnings and revenues than on the share price. I find that IR has been helpful whenever I've asked for information. OTOH, I won't object if they hire Mark Dohlen away from SNMM. A low share price isn't all bad. I bought more shares yesterday at 13.70. I'll be happy to buy more at this price if I can free up some more money in the next few months. BJ