DD Central on ECNC (formerly BETT) Message Board

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Microcap & Penny Stocks : DD Central on ECNC (formerly BETT)

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To: Jorjenzak who wrote ()	6/16/1999 6:57:00 PM
From: Jorjenzak	of 266

To: Ronald P. Margraf Sr. (2691 ) From: Jorjenzak Wednesday, Jun 16 1999 12:05AM ET Reply # of 2717 You might recall a prior post of mine following the news raised similar concerns, only I thought Tom was buying up the stock to help boost the price up over $3 per share before Sept. so he can buy a bunch at .30. I agree...not sure a good thing for us little guys but what is the big difference between Tom owning 52% and 60% of BETT through his private company ET&T. The fact is he is in control. This is not new information. Maybe he wants more BETT stock cheap so that when the new authorized shares hit the market he can retain his percentage of control. I do not understand the dilution discussion Scoob posted about only new shares getting diluted?? Unless they are a new class, more shares means each share gets diluted some in value unless the value of the company increases at the same time proportionately. Either way...you either trust Tom to take this company to the top and take care of the shareholders or you don't. Tom stated here that his intention in "buying back" the BETT stock into ET&T was strategic for the company as part of its plans for future deals and to increase the value of ET&T so it can continue to loan funds for capital to BETT. This sounds nice but does not make much sense to me since I am stupid. But is does sound like spin since how this all works is not readily apparent. I am long and strong because I like this company and the vision it has. It has been said and I will echo those who have posted before...how the company is set up and controlled needs to be reevaluated if the company and stock is ever going to make it to the next level and beyond as Tom has stated is his goal. If he wants to be the next BIG THING his company has got to become more stockholder oriented and less like a dictatorship. I think he will see this in time. JMHO HERE IS THE BIG QUESTION AND FLASHPOINT OF CONFLICT OR CONTENTION between Tom and us: Why is it in the best interests of BETT and its stockholders for the good stuff, the proprietary licenses, etc. to be in the hands of privately held ET&T which is the majority shareholder in BETT and whose majority shareholder and head honcho is also the head honcho for BETT???? I think the answer is that it is not in the best interests of BETT and the MINORITY shareholders but it is in the best interests of TOM and ET&T and that is just TS for us. That does not make me happy and is the only thing that could shake my shares loose eventually if other red flags arise. And they why of it has been pointed out here before...Tom can simply funnel everything back to ET&T and leave nothing for BETT out of all of this, particularly if things don't go well for BETT at some point. He has an escape hatch and WE do not. He has all the control and we are merely along for the ride so long as it pleases him. This is my own cold, hard analysis of the situation, even though I still like BETT and I do like Tom. FWIW...SSL

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