Talks with Tom and Manny -
First this afternoon, I talked with Manny. I was talking on AOL, then got tired of typing, so we hopped on the phone. Great guy and you can tell in his voice, he is out to do the right thing. He is very new at the company and was unsure on a few things, but that is ok, because he is the new dude in town. He just quit his school job to work full-time for ECNC. He is on salary. He is basically the IR guy and the connection to brokers and important people. He doesn't get paid in stock...So, he doesn't have to disclose anything. He is just like the rest of his..He gets his monthly check and the gov't takes their cut..Nothing shady..So I'm cool with it..He just needs to diclose he is an employee of ECNC on his profile. Or put at the bottom of Posts - Manny, IR ECNC
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On to Tommy boy :-)
Tom is a pretty pumped up guy. Tons of enthusiasm.. I am sure he won't like me saying this, but I have something good to say in a few seconds :-) He lacks one thing..Keeping stuff to himself. I think he is so excited about everything that is going on, that he can't contain himself! I understand, because I have been through it before. But this is something he has to learn and will be a costly lesson, as it already has been. He lets info out of the "cage" sometimes too early, if you know what I mean. He was trying to tell me something, but I didn't want it. I don't want that info....This is something he must learn and keep to himself. He has never run a public company, but many private companies. I trust the guy, because he wasn't bsing me. He was straight up about everything and knew his stuff.
Tom is not a IR guy. He is a visionary. I noticed one thing about our conversation. He kept drifting off talking about this PERFECT system (the ATM stuff) He is so focused on this whole concept, there is no reason in the world to think it won't succeed. I am convinced and what was amazing, is that I told him my idea I had afew posts back and he was targeting the same thing..He even descirbed it (ATM transactions from online Casinos vs. Credit Cards...the gov't WILL push this in the future..any bets?) This was my exact thoughts, which I posted on a while back regarding ECNC. He kind of reminds me of Steve Jobs. Steve was a visionary and was not concerned about the "stockholders," but rather in creating something that was going to leave a mark. Now, Tom is a visionary, but he obviously cares about the shareholders....The shareholders know too much and are milking him...I don't think he clearly understands the boundaries here, but I'm working on it! :-)
I talked about the Canadian deal. Very shady going ons and NOBODY in their right mind would have signed this deal...I didn't know the specifics of it till I talked to him. Holy cow, they were ripped a fast one and NOBODY could have seen it coming, so I don't blame them for it...
In regards to my concerns on the sportsbetting side, I mentioned it was showing up as being in Boston,MA. He said it all goes on in Costa Rica. So this makes it legal. I have not seen proof of this as of yet, but it makes sense since the 777wins.com is there too :-) I'll check up on this..Not that I don't trust him..but I want to make sure with this Wexler guy...
There are 40 employees, residing on the E.Cost, the W.Coast and in Costa Rica.
There is a great commercial airing on Discovery Channel, AandE and other channels regarding EzyShop.
The share structure is this - O/S Authorized - 100 million
O/S 30 million
Float 15 million (due to recent acquisitions of issuing some restricted and some free=trading stock. It is to beleived that there is really only 5 million (really trading) in the float due to the way it was arranged. They aren't suppost to sell for a year--Confusing I know, but it is simple if explained on the phone..I had him run it by me a few times! )
The "E" thing is a load of crap and the longs knew this. It quickly shook out people that were not so sure about what they got into. The NASD is going to be correcting this.
Basic Thoughts -
I like Tom and Manny. I have a few things that I would like them to stop (posting info not yet public--like the gorilla thing..It has come back to haunt them and they are living and learning) there is a reason this is a penny stock. It is just beginning to develop. This is why I told everybody to be patient, this is an investment, let's wait for just the right price (I am still not in)..I do'nt want to make a quick trade off of this stock. I'm going to wait and watch for the market to whip into shape.
Anyways, back to what I was saying. The people I have dealt with have been great. They are all knowledgeable and visionaries. I like that. THey just need some help on taping their mouth shut. This is all that bugs the heck out of me, obviously. They have such a good thing going, don't screw it up, letting it go prematurely! Letting info out early leads to one thing - sell on news..And it will happen on whatever the heck this Gorilla thing is.
The main reason I like this stock is they are doing one thing. They are being a visionary leader and creating something. They aren't copying and "remaking" something that has already been created....
Cheers!
FM
Very confident group, BTW..I am very impressed.
Bottom line - waiting and watching. In the .25+ range looks like a steal of a deal....I guesstimate in 5 years, the stock will be in the 20s if everything falls through like Tommy boy plans.....Life is a gamble.
P.S. I have more, but this is enough for now! Tom and Manny! TAke a break from the boards..You are killing yourselves...The goods are there, let it go on its own...Just my advice. But who the heck am I? |
