ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY Message Board

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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY

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To: steveK. who wrote (2559)	6/11/1999 9:40:00 AM
From: C.Carlos	Read Replies (3) of 2909

I am still wondering why would they announce a buy back of the company's shares when they just announced that they were raising money for operations. Furthermore, they recently announced they were going to sell shares at 62 cents, how can they claim that they are buying back their own shares. At what price will they buy back the shares, at 70 cents? It just doesn't make any sense. You normally buy back shares when you have extra cash that you do not have a better use for than buying back your own shares. I don't mean to bash the company, I'm long, but this type of announcement sounds like hype to me. If someone can give me a reasonable explanation, I would appreciate it. The only thing that would make sense to me is that they are trying to support the price of the stock with words, in order that they may raise some cash by means of the private offering.

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