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

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To: DaiTN who wrote (2669)6/15/1999 11:26:00 PM
From: Ronald P. Margraf Sr.  Read Replies (2) of 2909
 
Hi Dai & All,

Been reveiwing this last NR. and something has been disturbing me. Couldn't
quite put a fingure on it and got caught up in all the comotion.

Now let me ask you this question, my understanding is that you hold
approx. 10%+ of the company stock. That makes you a major shareholder.
I own approx. 1 tenth of what you own. Now I take my share as serious as
you take yours. You got in at 09 and I am in at a premium which means that
if I got in where you did and spent the same amount of monies, then I would
be sitting on a very large amount of share. So can you see where I am
coming from.

Now ALL, I've read and re-read this last NR. Now my understanding is that
BETT isn't buying back company stock but ET&T is. IS that correct????

Now if ET&T is buying back 2mil share of BETT, there not buying it back.
There buying it up. PLEASE CORRECT ME IF I AM WRONG!!!!!!! ET&T is taking
2mil. share of BETT off the market. If ET&T owns 52% of BETT now, 2 mil.
more shares will mean that they/he will own better then 60% of the company.

I'm having a hard time digesting this. The way I see it, Tom might be entitled
to his share of the profits and do his just rewards, but it sounds like to me
that too much is not good for the rest of us. I like Tom but we are about to see
another Ross Peroit. If he gets the next 2mil. on the profits he makes on the
52% he already owns, as shareholders, we are left out in the cold.

The way I see it, Tom is trying to control the stock. That can cause
serious ethical problems with the SEC. Any price movements could be contributed
to insider trading and the stock could be suspended. Been there folks and it is
not a pleasant scene. I still own stock that was over controled and doesn't trade
anymore.

I THINK THAT WE ALL NEED TO LOOK AT ET&Ts INTENTIONS HERE. IF THEY/HE IS TRYING TO
CONTROL THE STOCK, THEN WE ALL NEED TO ASK QUESTIONS.???????? BIG QUESTIONS.

Myself, I want answers. Real answers. Whats Toms intentions????? I think I know, but
this is the wrong solution. Not a good idea if Tom is thinking about moving the stock
because he owns it an then throw it out there for more then what it is worth.

There is something here to inquire about and Tom needs to give answers. From ET&Ts point
& BETTS.

Food for thought. Not going to let this rest.

Later,

Ron

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