I believe BETT may be the ultimate Roach Motel for investors. You check in but you don't check out. I'm waiting to learn more about BETT. I guess Anita's claim that BETT is undervalued (but what does she know?) keeps me hoping but the more you post, the greater my doubts become.
You virtually indicated Hughes is a one man show. I'm wondering how is he going to get anything meaningful deployed, especially if we are looking for big bucks.
I was not impressed with how the bet in London was pulled off. In short, BETT still doesn't have a doable solution. But at least Hughes was honest about the situation and maybe we can use this event to measure progress towaards a goal of sports betting.
And I'm also confused about the relationship between ET&T and BETT. Put frankly, I just don't see how it all comes together, but I'm willing to give Hughes a little time to do his thing. Put another way, ET&T can do its own IPO, net $10/shr, etc, But I don't see how that helps BETT's bottom line, so I can't get excited about ET&T. And I caution anybody looking to invest in ET&T if it remains a non-trading company -- liquidy (not getting your money back) will be the major problem, you see how it is with BETT!
The contrast between the "shop while you wait" and sports betting is as clear as night and day. One, simply put, is to spend money, the other is to make money. If the economy turns down, I submit you will see a preference for the latter. Given a couple of beers and a home town team, I believe sports betting will have the greater pay off. And using a cell phone and a ATM card reduces instalation costs and maintenance to practically nil compared to deploying shop while you wait terminals. See what I mean.
For a company that doesn't have any money, the PERFECT betting solution is the best solution, etc. I'd like to see more thrust in this direction.
Volume isn't going to pick up until we get some excitement about BETTING Inc. |
