Thanks for your comments, Techguy. Investing into a small...

Thanks for your comments, Techguy. Investing into a small company in the current depressed economic environment - any small company - at the moment is potentially risky.

With respect to eBet in particular, it's a gamble. But as with any gamble, one must evaluate the odds. In my view, eBet is odds on to win.

Sure, it's made a number of promises in the past that have failed to meet expectations. But the savagery of the current bear market also has been a most unwelcome shock to most pundits, placing immense strain on almost every business in the country. Maybe even the world. Various figures being bandied about at the moment demostrate that in some respects, this is the worst bear market we've seen in over 60 years. Damn.

In any case, back to eBet. The fact that it's been able to survive and grow up to now has been commendable. Despite certain profit forecasts not being met. It's thus in the same boat as other companies, most of whom have similarly had to downgrade their expectations. But with the pending acquisition of its major rival, eBet will at last unequivocably be able to operate profitably. Despite having to meet interest & other payments associated with its convertible notes.

This profit will slowly grow over time, as synergies & various efficiencies kick in. I'm told with the acquisition of Turbo, eBet in fact will become one of the largest cashless gaming enterprises in the world. And cashless gaming represents the future - this fact is undeniable.

I'm particularly encouraged also by the potential of EBT's overseas operations. Its recent deal with Yahoo.com where it collects 3 per cent of all gaming revenue through the site is terrific. Revenues here will undoubtedly escalate over time, with minimal outlays. Then there's the Playboy gaming site deal as well as other activities such as the recent commencement of its online gaming site, sportsacumen.com

All in all, I'm more confident in eBet's success than ever before. Sure, there 've been downgrades & disappointments along the way. Mainly due to the severity of the economic climate which no one could've predicted. But they say slow & steady eventually wins the race & in EBT's case, I think this adage sums things up very well. With the overnight doubling of its customer base, eBet henceforth will now clearly be in profit & there's every reason to believe that its success will steadily increase from here on in.

Good luck to you.