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

To: Matt Brown who wrote (136)	5/30/1999 8:01:00 PM
From: Ted M	Read Replies (2) \| Respond to of 192

Thanks. The clearly trending smaller negative EPS does look very encouraging. It looks as though my concern maybe was justified with regard to revenues. It sounds like the amounts they refer to as wagering revenues only in small part (3-4% according to your post) go to GOCA. I wish they would explain the 3-4% to us. Comparing the revenues to how we normally think of them, GOCA really is 'taking in' revenues of only 3-4% of $11 million, or roughly $330,000-$440,000, close to the profit they reported. Something doesn't seem quite right yet here. I haven't tried out their site but if the average player wagers over and over totaling say $200 a night, that totals to $18,000 in 90 days. It would take around 700 players per day to bring in $11 million of wagering revenues. Using this example, that sounds pretty good. Now if the average person accounts for wagering revenues of $2000 per night they would be averaging only about 70 players a day, not as good. In any case, the growth is terrific and the important issue for is just what you raised--the EPS. The dramatic reduction in loss which is trending quickly toward profitability looks very promising. The next 3 months bear close watching. Thanks again for your post. Ted