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Microcap & Penny Stocks : Go Call (GOCA) -- Ignore unavailable to you. Want to Upgrade?

To: gizmo&jack who wrote (124)	5/29/1999 12:52:00 AM
From: Ted M	Read Replies (1) \| Respond to of 192

I follow your computations, but have a couple of questions. First and foremost, aren't these revenues really wagering revenues--ie amounts wagered? If so, I would think that they need to be thought of by investors in that context. It may not take a lot of players to wager 11 million in a 90 day period. I could start off with 20$ but wager it over and over in a couple of hours--perhaps as much as $2/minute on a slot machine. In two hours that $20 dollars could produce $240 in wager revenues if I'm thinking correctly. And $20 isn't all that much. So, how impressive is $11 million really? Just asking because I don't know but have wondered if this isn't as impressive as it sounds. A couple points about the comparison to SNMN. It may not be the best comparison because SNMN I think is more than one online casino. It also licenses out its software. And it makes money in adult online products/services. Are you sure your comparison is apples to apples? Also, are the SNMN revenues you use wagering revenues or some other measure? I'm not trying to be negative, just cautious. I happen to own GOCA although I originally got in because they seemed to have a possible in with setting up 30,000 kiosks in Korean convenient stores throughout North America. Does anyone know what the story currently is on that? Their advertising business sounds very positive also. Ted