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

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To: Ronald P. Margraf Sr. who wrote (2720)6/17/1999 10:04:00 AM
From: SCOOBEY-DO  Read Replies (2) of 2909
 
Hey Ron,
I can answer one of your questions.

>>Is it to pump capital into e-connect????<<

ET&T is buying the 2MM shares from current investors of BETT on the open market. The purchase will not "pump capital" into eConnect because ET&T is not buying the shares from the company.

>>Is it to take a bigger control over the company?????<<

That is a bigger question. I do know that it will counter-act too whoever is dumping BETT shares on the open market. If someone is dumping and someone else is buying, it will be a matter of time to see how long the dumper will continue to have shares. I don't think that the dumper will have 2MM shares to dump into Tom's hands. Eventually, the ET&T buying will move the market price of BETT up.

IMO
Scoobey
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