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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY
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To: ocmayor who wrote (851)1/11/1999 4:48:00 AM
From: SCOOBEY-DO   of 2909
 
ocmayor,
These are very good questions for Tom to answer. Tom has been up front with us so far.
Until Tom sends his answer, this is my thoughts:
eConnect needs ready cash and wants to give investors an edge by buying directly from the company. Our exposure is limited since the time limit was very short, just until 5:PM today. The investors that will probably take advantage of this offer would be large investors known to Tom and/or Jim Wexler. I hope that the second offering will have a much higher strike price.
It will be interesting in see how many options will be issued and at what price they will start trading. I don't think that an investor can buy 144 shares through an IRA, but they could buy free trading options. Will eConnect report publicly the number of shares that were issued through the offering?
GC, I was surprised that the market cap take into account only the public float; since the total shares issued can be verified, while public float can change more easily.
Go BETT!! Scoobey

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