Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?

To: Matt Brown who wrote (1450)	5/28/1999 10:26:00 PM
From: Matt Brown	Read Replies (1) \| Respond to of 5041

Do a full search on GOCA on SI...People are buzzing about it everywhere.. Remember me telling you all that if it was good, good things would eventually happen? Here is an excellent post: To: Kimberly Lee (6584 ) From: gizmo&jack Friday, May 28 1999 5:34PM ET Reply # of 6593 GOCA seems to be the most "real" sure thing out there. The amount of companies that decide to become an ISP service is becoming ridiculous and their stock prices skyrocket for no other reason. I think it is just plain dangerous and many of these stocks will be totally unsuccessful. I really don't get the mentality here. And one day the shoe will drop. A company like GOCA is a no brainer though. Revenues of $11MM in one quarter for a company that has a market cap of $18MM. If you annualize today's # (which is probably extremely conservative given the growth it is experiencing), you're talking about a forerunner internet casino company operating in one of the largest potential markets there is trading at 1/2 its revenue. FYI: SNMM trades at a multiple of 53X revenue. It's trailing 12 month sales were $9MM and it's market cap is $250MM. It's totally absurd. The $8 these analysts were saying GOCA should trade at was based on $2.5MM for the entire year of 1998. $2.5 X 50 = $125MM. $8*8.5MM shares=$68MM so so they were actually being conservative as analysts often are and using a multiple of about 27X. Now we are talking about year over year revenues going up about 18 times to $45 million. $45 X 27 = $1.2 billion / 8.5 MM = $140. $140 dollar price and I am dead serious. I don't think people realize how huge this number today really was. Read the release closely. It wasn't a quarter by quarter comparison. It was 1Q1999 all of 1999. And this quarter's revenue beat Starnet's revenue for its entire last year. So while everyone keeps betting upon unknow ISP services, watch GOCA hit the NASDAQ and become the first huge internet casino company, get analyst recommendations from BankAmerica, Morgan Stanley, Hambrecht & Quist, etc. and hit triple digits within a year. It does happen (NSOL and GNET are perfect examples) when companies are this severely undervalued. G&J

To: Matt Brown who wrote (1450)	5/29/1999 8:23:00 AM
From: Susan Hickman	Read Replies (2) \| Respond to of 5041

Don't you think this statement is rather shallow? The question to ask Mark/GOCA is do they have bettors who reside in the US, using US communications facilities to engage in gambling? Does GOCA use US communication facilities in any way in the gambling aspect of their business? If so what percentage of their business is from such betting ? It is pretty obvious from the provisions of The Internet Gambling Prohibition Act that such activity will be illegal.