Dear Thread,
I have spent over 7 hours today trying to find out what happened to our stock - Let me again summarize what seems to be the repetitive pattern:
Everyone is eyeing revenue. Brokers, posters, lurkers all seem to agree that revenue must be shown this quarter! Now, let's add to this, an element of confusion that occurred Monday and Tuesday with the Press Releases. Many people assumed we has abandoned all sources of revenue from gaming. THIS IS NOT TRUE. I had to point out to brokers and investors alike (and this may be redundant) what is the true situation.
1. We still have a betting portal, 777WINS, and an e-Safe alliance ready to be implemented. The first two are producing revenue now. What we have given up is the phone operation ( a wise - very wise - decision hailed by every broker I spoke to today).
2. We have an auction site that is in its infancy. eBay may have been made in a day, but other auctions show that it takes some time. However, with the present work of mr. Einhorn and Mr. Wexler, the funneling has begun. They are trying to double the 12,000 hits of the past few days. Their goal is not to do this within months - but within weeks!!!
Now, fear of the above can keep the stock down, obviously.
However, if the revenue comes in, the price will rise. By opening the back door of the auction by the two above mentioned gentlemen is expressing good confidence. Auction studies show that if you can get the people to the site, they not only will buy, they will also want to sell their own "stuff."
The last point of obfuscation seems to be that many of you are questioning where Tom is going. I have already urged Mr, Hughes to post a "State of ECNC" address.
In summary, revenue and a statement of clarification from our C E O IMHO will put us on the right track.
Manny Vavolizza
I R Wall Street
ECNC
|
