Wednesday, October 25, 2006 8:16:52 AM
I like what I see, in fact, I'm voluntaring the use of my Jetta for their move, the use of my sliderule for their audit, and I'm contacting a friend that works security at night at the NYSE for his input about listing.
Seriously though, the more I see, the more I like.
The $500,00 in financing recieved with the poss. of $5 mil for next year is assuring that they have backers which make dilution and any "death spiral" unlikely. For Patel to seem so concerned about moving to a "more senior exchange" suggests that Taj is serious about being a major online gaming powerhouse. All eyes are on China but what about the money pouring into India waiting to be turned into venture capital. Financing shouldn't be a problem for them. revenue shouldn't be either because the Indian communities worldwide, even a small percentage, should provide the momentum. Advertising in Indian papers should make the cost of acquiring revenue, and players, nill. Subsequently, keeping the share count tight.
The more I see, the more I like.
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