ebet signs up several new cashless gaming clients, page-3

Hello Techguy.

Perhaps the best way to answer your question is to repeat the following to you, in order to explain eBet's recent price decline.

1. A bunch of EBT shareholders obviously have decided that enough is enough. The latest negative report by eBet was the last straw for them.

2. In one way, I don't blame these people. As a long term EBT shareholder, I've seen more than my fair share of broken promises & projections by the company.

3. Having said this though, I agree with Betman & others who've asserted that henceforth, the blue sky promises made by eBet management will finally come to fruition, at least to a degree. My ear to the ground tells me that eBet's current sales and overall business performance is really starting to pick up, with net corporate turnover at last being decidedly positive.

4. One mustn't ignore the overall geopolitical situation either. The sooner the Iraqi war's resolved in America's favour, the better for global sharemarkets. This'll have a trickle effect all the way down to small Aussie enterprises such as eBet or eGlobal.

5. But the bottom line remains - eBet must soon start showing some clear profit in its quarterly reports, as opposed to endlessly forecasting it. I'm confident this will occur, as evidenced by the recent signing up of several major new cashless gaming clients. As its current low shareprice attests to however, the market is rapidly losing patience with the company. I expect that until an unambiguously positive report is finally released by eBet, its shareprice will remain beleaguered, battered and belittled.

6. Watch carefully the figures in eBet's upcoming Jan - Mar quarterly report. I think these will point toward an increasingly bright future for the company, now that the Turbo acquisition & EPS (cashless) teething problems have been rectified. It's been a long road, but 2003 will finally mark the start of profitability for the company. This of course means that EBT's current depressed shareprice represents extraordinarily good value for those smart enough to appreciate the Big Picture.