My Casino ergänzt auf Anforderung der ASX partiell Quartalsergebnis - 500 Beiträge pro Seite
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Beiträge: 6
ID: 206.465
ID: 206.465
Aufrufe heute: 0
Gesamt: 653
Gesamt: 653
Aktive User: 0
ISIN: SG1I69883698 · WKN: 590383
0,0000
EUR
0,00 %
0,0000 EUR
Letzter Kurs Stuttgart
Werte aus der Branche Dienstleistungen
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 23,550 | +13,06 | |
| 21,000 | +10,53 | |
| 16.600,00 | +9,93 | |
| 15,470 | +9,72 | |
| 26,41 | +9,54 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 18.000,00 | -10,00 | |
| 3,4400 | -10,53 | |
| 41,65 | -14,88 | |
| 2,45 | -18,50 | |
| 0,6300 | -30,00 |
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Nachdem die ASX am 2.8.2000 MYC darauf hingewiesen hatte, dass der vorgelegte Quartalsbericht von MYC in einigen Punkten nicht den Anforderungen der ASX entspricht, wurde jetzt seitens MYC zwei Entgegnungen publiziert (1.Teil). Diese widersprechen dem von Dr.Dr.Reitmeier gemachten Ausführungen und hier im Board wiedergegebenen Ausführungen teils erheblich. Der Kurs konnte darauf hin erst einmal kräftig um über 11% zulegen (5:10 GMT):
"MY CASINO LIMITED 2000-08-07 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
RESPONSE TO ASX QUERY
We refer to the ASX`s letter dated 2 August 2000 in which ASX
requested the company to respond to a number of questions dealing
with the matters contained in our Appendix 4C report for the quarter
ended 30 June 2000 which was filed with ASX on 31 July 2000.
By way of overall comment, the level of activity of gaming operations
undertaken by My Casino since acquiring the internet casino business
on 5 April 2000 have exceeded the expectations of directors. While
this has led to levels of turnover being greater than expected, the
general level of operating costs, capital development and investment
in working capital have followed closely the estimates included in
the company`s prospectus. The only area of exception lies in the
value of funds tied up in the uncleared credit card system, largely
created by the much higher than anticipated levels of turnover.
The questions raised by ASX and our responses are:
1. To what extent has the Company carried out its expenditure
program, as described in the prospectus, in accordance with the
timetable for the expenditure envisaged by the prospectus?
The uses of funds by My Casino to date have generally followed the
estimates of expenditure over twelve months as included in the
prospectus.
Initial working capital requirements were higher than estimated due
to the very rapid growth and the timing of receipts from credit card
transactions. However at this stage the requirement for security
deposits by banks has been lower than estimated.
With the spin-off of mineral assets into Rox Limited it is likely
that the amounts estimated for mineral exploration will not be fully
required. The company is continuing to evaluate further investment
opportunities and has fully met the costs of the share issue.
2. To what extent have the Company`s actual expenses to the end of the
last quarter matched the estimated expenses?
Based on preliminary financial statements to 30 June 2000, actual
overhead expenditures are generally in line with the estimated
expenses at this stage of development of the business except for
those expenses which are closely linked to the volume of gaining
turnover. We have received notifications of rejected credit card
claims totalling $2.0 million forming part of the current total
amount of uncleared credit card transactions of $A7.8 million.
3. What steps has the Company taken, or does it propose to take, to
enable it to continue to meet its business objectives as set out in
its prospectus?
The company`s principal business objective is to develop internet
gaming businesses. In this regard during the period the company:
* Maintained and enhanced its management team of industry
specialists.
* Pursued an aggressive marketing strategy in selected Asian
countries leading to a high level of acceptance of the gaming
facilities.
* Commenced major upgrades of the credit card processing software
* Continued to seek out new opportunities in internet gaming
and associated businesses.
* Operated a live gaming website with very high levels of
transactions.
4. With reference to the Company`s business objectives, please
comment if the business objectives and strategies have changed since
the date of the Prospectus.
The business objectives and strategies of My Casino have not changed
since the date of the prospectus.
5. Can the Company confirm that it is in compliance with the listing
rules, and in particular, listing rule 3.1. Please also provide
information as to how ASX may be satisfied that the Company currently
complies, and will continue to comply, with listing rule 12.2. In
particular, please provide details of the Company`s budgeted cashflow
and expenditure programme per month over the forthcoming 12 months
ending 30 June 2001, including expected expenditure on the
development of its business, inventory requirements, payments or
loans to related parties and payments for capital expenditure.
My Casino confirms it is in compliance with the listing rules and in
particular listing rule 3.1.
My Casino currently has available cash funds of $A5.50 million plus
substantial uncleared credit card deposits.
The company`s budgeted expenditure programme remains consistent with
the prospectus and the company`s available cash reserves (excluding
the uncleared credit card funds) are more than sufficient to meet the
needs of ongoing activities.
Accordingly, My Casino currently complies with Listing rule 12.2 and
will continue to do so.
Budget projections of gaming revenues and expenditures were made for
internal management purposes and approved by directors at the time of
the prospectus preparation. As was the position at the time of
publishing of the prospectus, the directors do not consider that
there exists a sufficiently reasonable basis for a reliable forecast
including these gaming revenues that would warrant the publication
of projected amounts. No revised budgets or projections have been
approved by the Board of Directors subsequent to the prospectus.
Furthermore we consider that the budgeted cashflows, which were
generated for internal management purposes, should remain
confidential to the company. We also consider that this is not
information that a reasonable person would expect to be disclosed
given the business of the company and the stage of its business
development.
P Baird
COMPANY SECRETARY
MORE TO FOLLOW"
"MY CASINO LIMITED 2000-08-07 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
RESPONSE TO ASX QUERY
We refer to the ASX`s letter dated 2 August 2000 in which ASX
requested the company to respond to a number of questions dealing
with the matters contained in our Appendix 4C report for the quarter
ended 30 June 2000 which was filed with ASX on 31 July 2000.
By way of overall comment, the level of activity of gaming operations
undertaken by My Casino since acquiring the internet casino business
on 5 April 2000 have exceeded the expectations of directors. While
this has led to levels of turnover being greater than expected, the
general level of operating costs, capital development and investment
in working capital have followed closely the estimates included in
the company`s prospectus. The only area of exception lies in the
value of funds tied up in the uncleared credit card system, largely
created by the much higher than anticipated levels of turnover.
The questions raised by ASX and our responses are:
1. To what extent has the Company carried out its expenditure
program, as described in the prospectus, in accordance with the
timetable for the expenditure envisaged by the prospectus?
The uses of funds by My Casino to date have generally followed the
estimates of expenditure over twelve months as included in the
prospectus.
Initial working capital requirements were higher than estimated due
to the very rapid growth and the timing of receipts from credit card
transactions. However at this stage the requirement for security
deposits by banks has been lower than estimated.
With the spin-off of mineral assets into Rox Limited it is likely
that the amounts estimated for mineral exploration will not be fully
required. The company is continuing to evaluate further investment
opportunities and has fully met the costs of the share issue.
2. To what extent have the Company`s actual expenses to the end of the
last quarter matched the estimated expenses?
Based on preliminary financial statements to 30 June 2000, actual
overhead expenditures are generally in line with the estimated
expenses at this stage of development of the business except for
those expenses which are closely linked to the volume of gaining
turnover. We have received notifications of rejected credit card
claims totalling $2.0 million forming part of the current total
amount of uncleared credit card transactions of $A7.8 million.
3. What steps has the Company taken, or does it propose to take, to
enable it to continue to meet its business objectives as set out in
its prospectus?
The company`s principal business objective is to develop internet
gaming businesses. In this regard during the period the company:
* Maintained and enhanced its management team of industry
specialists.
* Pursued an aggressive marketing strategy in selected Asian
countries leading to a high level of acceptance of the gaming
facilities.
* Commenced major upgrades of the credit card processing software
* Continued to seek out new opportunities in internet gaming
and associated businesses.
* Operated a live gaming website with very high levels of
transactions.
4. With reference to the Company`s business objectives, please
comment if the business objectives and strategies have changed since
the date of the Prospectus.
The business objectives and strategies of My Casino have not changed
since the date of the prospectus.
5. Can the Company confirm that it is in compliance with the listing
rules, and in particular, listing rule 3.1. Please also provide
information as to how ASX may be satisfied that the Company currently
complies, and will continue to comply, with listing rule 12.2. In
particular, please provide details of the Company`s budgeted cashflow
and expenditure programme per month over the forthcoming 12 months
ending 30 June 2001, including expected expenditure on the
development of its business, inventory requirements, payments or
loans to related parties and payments for capital expenditure.
My Casino confirms it is in compliance with the listing rules and in
particular listing rule 3.1.
My Casino currently has available cash funds of $A5.50 million plus
substantial uncleared credit card deposits.
The company`s budgeted expenditure programme remains consistent with
the prospectus and the company`s available cash reserves (excluding
the uncleared credit card funds) are more than sufficient to meet the
needs of ongoing activities.
Accordingly, My Casino currently complies with Listing rule 12.2 and
will continue to do so.
Budget projections of gaming revenues and expenditures were made for
internal management purposes and approved by directors at the time of
the prospectus preparation. As was the position at the time of
publishing of the prospectus, the directors do not consider that
there exists a sufficiently reasonable basis for a reliable forecast
including these gaming revenues that would warrant the publication
of projected amounts. No revised budgets or projections have been
approved by the Board of Directors subsequent to the prospectus.
Furthermore we consider that the budgeted cashflows, which were
generated for internal management purposes, should remain
confidential to the company. We also consider that this is not
information that a reasonable person would expect to be disclosed
given the business of the company and the stage of its business
development.
P Baird
COMPANY SECRETARY
MORE TO FOLLOW"
Der 2.Teil der Entgegnung von MYC an der ASX entspricht genau dem 1.Teil!
Hi, nö du !!
der andere Teil ist schon anders.
MY CASINO LIMITED 2000-08-07 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
RESPONSE TO ASX QUERY
We refer to the ASX`s letter dated 2 August 2000 in which ASX
requested the company to respond to a number of questions dealing
with the matters contained in our Appendix 4C report for the quarter
ended 30 June 2000 which was filed with ASX on 31 July 2000.
By way of overall comment, the level of activity of gaming operations
undertaken by My Casino since acquiring the internet casino business
on 5 April 2000 have exceeded the expectations of directors. While
this has led to levels of turnover being greater than expected, the
general level of operating costs, capital development and investment
in working capital have followed closely the estimates included in
the company`s prospectus. The only area of exception lies in the
value of funds tied up in the uncleared credit card system, largely
created by the much higher than anticipated levels of turnover.
The questions raised by ASX and our responses are:
1. To what extent has the Company carried out its expenditure
program, as described in the prospectus, in accordance with the
timetable for the expenditure envisaged by the prospectus?
The uses of funds by My Casino to date have generally followed the
estimates of expenditure over twelve months as included in the
prospectus.
Initial working capital requirements were higher than estimated due
to the very rapid growth and the timing of receipts from credit card
transactions. However at this stage the requirement for security
deposits by banks has been lower than estimated.
With the spin-off of mineral assets into Rox Limited it is likely
that the amounts estimated for mineral exploration will not be fully
required. The company is continuing to evaluate further investment
opportunities and has fully met the costs of the share issue.
2. To what extent have the Company`s actual expenses to the end of the
last quarter matched the estimated expenses?
Based on preliminary financial statements to 30 June 2000, actual
overhead expenditures are generally in line with the estimated
expenses at this stage of development of the business except for
those expenses which are closely linked to the volume of gaining
turnover. We have received notifications of rejected credit card
claims totalling $2.0 million forming part of the current total
amount of uncleared credit card transactions of $A7.8 million.
3. What steps has the Company taken, or does it propose to take, to
enable it to continue to meet its business objectives as set out in
its prospectus?
The company`s principal business objective is to develop internet
gaming businesses. In this regard during the period the company:
* Maintained and enhanced its management team of industry
specialists.
* Pursued an aggressive marketing strategy in selected Asian
countries leading to a high level of acceptance of the gaming
facilities.
* Commenced major upgrades of the credit card processing software
* Continued to seek out new opportunities in internet gaming
and associated businesses.
* Operated a live gaming website with very high levels of
transactions.
4. With reference to the Company`s business objectives, please
comment if the business objectives and strategies have changed since
the date of the Prospectus.
The business objectives and strategies of My Casino have not changed
since the date of the prospectus.
5. Can the Company confirm that it is in compliance with the listing
rules, and in particular, listing rule 3.1. Please also provide
information as to how ASX may be satisfied that the Company currently
complies, and will continue to comply, with listing rule 12.2. In
particular, please provide details of the Company`s budgeted cashflow
and expenditure programme per month over the forthcoming 12 months
ending 30 June 2001, including expected expenditure on the
development of its business, inventory requirements, payments or
loans to related parties and payments for capital expenditure.
My Casino confirms it is in compliance with the listing rules and in
particular listing rule 3.1.
My Casino currently has available cash funds of $A5.50 million plus
substantial uncleared credit card deposits.
The company`s budgeted expenditure programme remains consistent with
the prospectus and the company`s available cash reserves (excluding
the uncleared credit card funds) are more than sufficient to meet the
needs of ongoing activities.
Accordingly, My Casino currently complies with Listing rule 12.2 and
will continue to do so.
Budget projections of gaming revenues and expenditures were made for
internal management purposes and approved by directors at the time of
the prospectus preparation. As was the position at the time of
publishing of the prospectus, the directors do not consider that
there exists a sufficiently reasonable basis for a reliable forecast
including these gaming revenues that would warrant the publication
of projected amounts. No revised budgets or projections have been
approved by the Board of Directors subsequent to the prospectus.
Furthermore we consider that the budgeted cashflows, which were
generated for internal management purposes, should remain
confidential to the company. We also consider that this is not
information that a reasonable person would expect to be disclosed
given the business of the company and the stage of its business
development.
P Baird
COMPANY SECRETARY
der andere Teil ist schon anders.
MY CASINO LIMITED 2000-08-07 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
RESPONSE TO ASX QUERY
We refer to the ASX`s letter dated 2 August 2000 in which ASX
requested the company to respond to a number of questions dealing
with the matters contained in our Appendix 4C report for the quarter
ended 30 June 2000 which was filed with ASX on 31 July 2000.
By way of overall comment, the level of activity of gaming operations
undertaken by My Casino since acquiring the internet casino business
on 5 April 2000 have exceeded the expectations of directors. While
this has led to levels of turnover being greater than expected, the
general level of operating costs, capital development and investment
in working capital have followed closely the estimates included in
the company`s prospectus. The only area of exception lies in the
value of funds tied up in the uncleared credit card system, largely
created by the much higher than anticipated levels of turnover.
The questions raised by ASX and our responses are:
1. To what extent has the Company carried out its expenditure
program, as described in the prospectus, in accordance with the
timetable for the expenditure envisaged by the prospectus?
The uses of funds by My Casino to date have generally followed the
estimates of expenditure over twelve months as included in the
prospectus.
Initial working capital requirements were higher than estimated due
to the very rapid growth and the timing of receipts from credit card
transactions. However at this stage the requirement for security
deposits by banks has been lower than estimated.
With the spin-off of mineral assets into Rox Limited it is likely
that the amounts estimated for mineral exploration will not be fully
required. The company is continuing to evaluate further investment
opportunities and has fully met the costs of the share issue.
2. To what extent have the Company`s actual expenses to the end of the
last quarter matched the estimated expenses?
Based on preliminary financial statements to 30 June 2000, actual
overhead expenditures are generally in line with the estimated
expenses at this stage of development of the business except for
those expenses which are closely linked to the volume of gaining
turnover. We have received notifications of rejected credit card
claims totalling $2.0 million forming part of the current total
amount of uncleared credit card transactions of $A7.8 million.
3. What steps has the Company taken, or does it propose to take, to
enable it to continue to meet its business objectives as set out in
its prospectus?
The company`s principal business objective is to develop internet
gaming businesses. In this regard during the period the company:
* Maintained and enhanced its management team of industry
specialists.
* Pursued an aggressive marketing strategy in selected Asian
countries leading to a high level of acceptance of the gaming
facilities.
* Commenced major upgrades of the credit card processing software
* Continued to seek out new opportunities in internet gaming
and associated businesses.
* Operated a live gaming website with very high levels of
transactions.
4. With reference to the Company`s business objectives, please
comment if the business objectives and strategies have changed since
the date of the Prospectus.
The business objectives and strategies of My Casino have not changed
since the date of the prospectus.
5. Can the Company confirm that it is in compliance with the listing
rules, and in particular, listing rule 3.1. Please also provide
information as to how ASX may be satisfied that the Company currently
complies, and will continue to comply, with listing rule 12.2. In
particular, please provide details of the Company`s budgeted cashflow
and expenditure programme per month over the forthcoming 12 months
ending 30 June 2001, including expected expenditure on the
development of its business, inventory requirements, payments or
loans to related parties and payments for capital expenditure.
My Casino confirms it is in compliance with the listing rules and in
particular listing rule 3.1.
My Casino currently has available cash funds of $A5.50 million plus
substantial uncleared credit card deposits.
The company`s budgeted expenditure programme remains consistent with
the prospectus and the company`s available cash reserves (excluding
the uncleared credit card funds) are more than sufficient to meet the
needs of ongoing activities.
Accordingly, My Casino currently complies with Listing rule 12.2 and
will continue to do so.
Budget projections of gaming revenues and expenditures were made for
internal management purposes and approved by directors at the time of
the prospectus preparation. As was the position at the time of
publishing of the prospectus, the directors do not consider that
there exists a sufficiently reasonable basis for a reliable forecast
including these gaming revenues that would warrant the publication
of projected amounts. No revised budgets or projections have been
approved by the Board of Directors subsequent to the prospectus.
Furthermore we consider that the budgeted cashflows, which were
generated for internal management purposes, should remain
confidential to the company. We also consider that this is not
information that a reasonable person would expect to be disclosed
given the business of the company and the stage of its business
development.
P Baird
COMPANY SECRETARY
Könnte einer der Altprofis kurz kommentieren?
Online criminals hit My Casino
Fiona Angus
04/08/2000 04:55 PM
My Casino has been forced to shut down its credit card processing systems to stop criminals using fake credit card numbers.
The company claims the massive popularity of its Vanuatu-based online casino has led a rise in credit card fraud. In late July, My Casino was forced to shut down all credit card processing systems.
In a statement to the Australian Stock Exchange (ASX), My Casino indicated that the fraud is expected to bring down gaming revenue during August. So far, the fraudulent winnings amount to $2 million, from a total of $7.8 million in uncleared credit card payments.
"My Casino`s checking systems have led us to suspect that these rejected credit card claims are the result of deliberate fraud attempted by individuals using stolen credit card numbers," the company stated.
To combat the fraud, My Casino is upgrading its security platform and credit card processing facility with Barclays Bank. The new system will automatically credit any winnings back to the account which puts forward a bet. The system is due to come online in mid-August.
My Casino indicated its original security system could not handle the large sums being processed through the casino. The online casino has consistently exceeded revenue forecasts since it opened three months ago. The company reported a massive $50 million in gaming revenue during July, $36 million in June and $22 million in May.
Quelle: newswire
http://www.wallstreetonline.de/community/board2/reply.php3?t…
metisdo
Fiona Angus
04/08/2000 04:55 PM
My Casino has been forced to shut down its credit card processing systems to stop criminals using fake credit card numbers.
The company claims the massive popularity of its Vanuatu-based online casino has led a rise in credit card fraud. In late July, My Casino was forced to shut down all credit card processing systems.
In a statement to the Australian Stock Exchange (ASX), My Casino indicated that the fraud is expected to bring down gaming revenue during August. So far, the fraudulent winnings amount to $2 million, from a total of $7.8 million in uncleared credit card payments.
"My Casino`s checking systems have led us to suspect that these rejected credit card claims are the result of deliberate fraud attempted by individuals using stolen credit card numbers," the company stated.
To combat the fraud, My Casino is upgrading its security platform and credit card processing facility with Barclays Bank. The new system will automatically credit any winnings back to the account which puts forward a bet. The system is due to come online in mid-August.
My Casino indicated its original security system could not handle the large sums being processed through the casino. The online casino has consistently exceeded revenue forecasts since it opened three months ago. The company reported a massive $50 million in gaming revenue during July, $36 million in June and $22 million in May.
Quelle: newswire
http://www.wallstreetonline.de/community/board2/reply.php3?t…
metisdo
Trading Spotlight
@agent brain
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