forecasted profit to drop 20 to 50pc

Bluff?

(ASX:DBS) today warned that its operating profit for the
2007/08 year would be between 20pc and 50pc below the 2006/07 year.
"Dark Blue Sea's reported earnings are very sensitive to three
key drivers - advertising revenue from the company's domain name
portfolio, revenue for the secondary market sale of the company's domain
names, and the $A/$US exchange rate," directors said.
The profit warning was based on unaudited management accounts to
the end of April, the current levels of the above key drivers and their
possible outcomes for May and June, and the unaudited accounting
treatment of the option agreement with domain name registrar GoDaddy.
DBS had a "disappointing" trading performance in the March
quarter, primarily reflecting a poor performance in the traffic and
advertising side of the business.