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Staples, Inc. Message Board

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  • wodn2f wodn2f Aug 6, 1999 8:02 AM Flag

    IMO stay away

    Next week, NORE is apparently going to announce
    major Internet news! I am hearing that they are going
    to be entering the Internet gaming
    business.

    No one knows about this company set. As the word
    gets out, expect NORE to make a major run. Read the
    news from yesterday...they signed a Keno contract with
    a company who has customers ranging from Mirage and
    Hilton to Circus Circus and Foxwoods.

    If we
    conservatively estimate that NORE makes 20 installs for their
    bingo systems and each system makes an average of
    $500,000 revenues annually, total annual revenues would be
    $10,000,000. With a fair price/sales of ratio of 5, NORE would
    be a $50,000,000 company. With only 16,000,000
    shares outstanding, NORE would be a $3 stock.

    Now
    that NORE is getting involved in even bigger things
    such as Keno and the Internet, I feel that this will
    soon be a $5+ stock. The current price is under 0.30
    which I consider to be the biggest bargain around. I am
    accumulating all the shares I can at these levels.

    Make
    sure that you take the time to research NORE and to do
    everything possible to learn about the company. The
    potential here is HUGE.

 
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