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Bullboard - Stock Discussion Forum Creator Capital Ltd Ord CTORF

"Creator Capital Ltd operates in the electronic gaming and multimedia industry. The company offers in-flight gaming software systems and services by developing, implementing, and operating computer based gaming softwares."

GREY:CTORF - Post Discussion

Creator Capital Ltd Ord > Why the deal?
View:
Post by planefly on Sep 26, 2001 8:59pm

Why the deal?

First of all, in a country like China, gambling has to be in the trillions, and it has been underground to now. I would guess the gov't wants a cut of the action. Why they are giving up 80% for $200k plus stock is in my mind, also. Maybe the company already owns stock in Creator. Maybe they will make a killing if the stock goes to $10 or so. Their 1.5 million shares will be worth $15 mill. On the other hand, if they kept all of the profits, they would have more in hand. Maybe the $200k cash has something to do with it. Maybe it'll take some money to get things set up there. Remember, also, that Creator is a Bermuda company. No Canadian (or US) taxes. More profits for the company. Higher earnings for us. Pure profits, no real overhead. Probably a good deal if it works!
Comment by monsterkill3 on Sep 26, 2001 10:14pm
Your point about the government wanting some action is reasonable. From my take gambling isnt allowed in communism is it. If not they are doing it on the side with bookies I suppose. Legalizing it would bring in huge money just like legalizing pot in north america. Also who knows what kind of stock deals really go on. the stock may also be a quicker payday tham riding it out. Who knows. We ...more  
Comment by XOXOXOXOXOXO on Sep 26, 2001 10:25pm
The reason is very simple: TO MAKE MONEY $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Comment by monsterkill3 on Sep 26, 2001 10:51pm
there is definitely some truth in that. MK3
Comment by warrenbuffet99 on Sep 27, 2001 12:40am
This deal is almost too good to be true. Creator has definitely cut a great deal and we will benefit as the word continues to spread.
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