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Feedback
... so, als kleines Betthupferl habe ich das in www.stockhouse.com gefunden:
Toronto, ON, July 28 /SHfn/ -- Lately, Starnet Communications [SNMM] has been no stranger to the spotlight. Recent events combined to give the company top billing on the OTC:BB yesterday. It was the most volatile, most active and most watched stock on the board.
Starnet closed with a 30% drop in share value, after a false report of a $1 billion lawsuit was released to PR Newswire. Shares rebounded strongly this morning and, with fourth-quarter earnings expected within the next 24 hours, trading was active throughout the day. At market`s close, shares levelled out at $19-13/16 on heavy volume of 2,680,700.
Las Vegas Casino, Inc. was Starnet`s biggest licensee for its online casino games. In a press release, Las Vegas Casino announced it was suing Starnet for a number of breaches of agreement. In a responding press release put out yesterday afternoon, Starnet reported it had not received formal legal notice of the lawsuit.
The press release detailing the lawsuit was quickly killed after PR Newswire learned from Las Vegas Casino that the suit had not actually been filed. Among market watchers, speculation quickly erupted over who had penned and fired off the report. According to Ken Dowell, VP Media for PR Newswire, Las Vegas Casino management was responsible for sending the press release to the news service.
Last evening, Starnet released a report detailing the story behind the episode. It states that, in fact, Las Vegas Casino was in default of its payment obligations to Softec Systems Caribbean, a Starnet subsidiary. Starnet is a leading developer and provider of Internet technologies for gaming applications. Its income comes from licensing its technology through its five subsidiaries, which then collect monthly licensing fees.
According to Starnet, Las Vegas Casino owes approximately $203,000 in fees since May 23, 1999, and as a result, Softec terminated its agreement with the company on July 23, 1999. Starnet plans to commence collection proceedings to recover the cash.
Investors reacted strongly yesterday morning to the news of a lawsuit, pushing share price down to $10. However, as the truth about the press release trickled in, the stock rallied on heavy volume to close at $14-7/16. Today, investors continued to show their confidence and the stock popped, gaining back much of yesterday`s loss.
The next few pieces of news we`ll be hearing about Starnet will involve its debut on Nasdaq and the company`s fourth-quarter results. According to Jack Rosenberg, Starnet`s investor relations representative, the results will show significant revenue growth. "Revenues will be substantial," he told StockHouse.com earlier today. However, he says earnings will be "a bit more modest."
Gute Nacht
Kip
Toronto, ON, July 28 /SHfn/ -- Lately, Starnet Communications [SNMM] has been no stranger to the spotlight. Recent events combined to give the company top billing on the OTC:BB yesterday. It was the most volatile, most active and most watched stock on the board.
Starnet closed with a 30% drop in share value, after a false report of a $1 billion lawsuit was released to PR Newswire. Shares rebounded strongly this morning and, with fourth-quarter earnings expected within the next 24 hours, trading was active throughout the day. At market`s close, shares levelled out at $19-13/16 on heavy volume of 2,680,700.
Las Vegas Casino, Inc. was Starnet`s biggest licensee for its online casino games. In a press release, Las Vegas Casino announced it was suing Starnet for a number of breaches of agreement. In a responding press release put out yesterday afternoon, Starnet reported it had not received formal legal notice of the lawsuit.
The press release detailing the lawsuit was quickly killed after PR Newswire learned from Las Vegas Casino that the suit had not actually been filed. Among market watchers, speculation quickly erupted over who had penned and fired off the report. According to Ken Dowell, VP Media for PR Newswire, Las Vegas Casino management was responsible for sending the press release to the news service.
Last evening, Starnet released a report detailing the story behind the episode. It states that, in fact, Las Vegas Casino was in default of its payment obligations to Softec Systems Caribbean, a Starnet subsidiary. Starnet is a leading developer and provider of Internet technologies for gaming applications. Its income comes from licensing its technology through its five subsidiaries, which then collect monthly licensing fees.
According to Starnet, Las Vegas Casino owes approximately $203,000 in fees since May 23, 1999, and as a result, Softec terminated its agreement with the company on July 23, 1999. Starnet plans to commence collection proceedings to recover the cash.
Investors reacted strongly yesterday morning to the news of a lawsuit, pushing share price down to $10. However, as the truth about the press release trickled in, the stock rallied on heavy volume to close at $14-7/16. Today, investors continued to show their confidence and the stock popped, gaining back much of yesterday`s loss.
The next few pieces of news we`ll be hearing about Starnet will involve its debut on Nasdaq and the company`s fourth-quarter results. According to Jack Rosenberg, Starnet`s investor relations representative, the results will show significant revenue growth. "Revenues will be substantial," he told StockHouse.com earlier today. However, he says earnings will be "a bit more modest."
Gute Nacht
Kip
Wollte es auch gerade ins Board stellen. 
Und nicht vergessen, Die Umsätze (revenues) sind ausschlaggebend, nicht unbedingt die earnings.
MfG Dauphin
P.S. Glückwunsch an alle Mutigen heute früh!
P.S.S Levi lässt nicht locker, siehe www.gamblingmagazine.com/index.htm
Und nicht vergessen, Die Umsätze (revenues) sind ausschlaggebend, nicht unbedingt die earnings.
MfG Dauphin
P.S. Glückwunsch an alle Mutigen heute früh!
P.S.S Levi lässt nicht locker, siehe www.gamblingmagazine.com/index.htm
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