Manny...some legitimate concerns and questions for answers, please.
I have hit the wall on what I can idependently confirm about ECNC and its announced plans and deals of the past several months. It appears many have fallen by the wayside with little or no comment from the company. While I am very long and trust the company...I am not the type to put on blinders (despite what some may think of me....I do not hesitate to ask hard questions or be critical when I see trouble or issues of concern).
1) No one seems to be able to put their finger on the current O/S and Float...in light of recent drop in price on otherwise good news it is an important issue for evaluation of the stock to know these figures as accurately as possible. In addition, the figures mean NOTHING unless the method and source of calculation is disclosed. Soooo, I ask that you try to find these numbers out from the transfer agent or Tom or both for us and post them with an explaination of where the numbers come from and how the calculation was done. I think it will help us all.
2) Are we receiving revenues to date or not? eSportsbet is gone....not sure whether or what will show on our books from that....777WINS was not closed until first of this month.....alot of expectation out here in investor land of revenues being reported finally on the Q3 filing. If we are to be disappointed...tell us now, explain why and tell us when and why we can expect the much desired revenues in the future. I believe it is best to nip issues like this in the bud to diffuse their potential negative effect, eh?
3) What has our gorilla done for us so far....if it can be discussed publicly? Any deals or developments directly attributable to his affiliation you can identify? ALOT was promised with Iain's involvement...alot has been aluded to but NOTHING has been available for independent confirmation as of yet. Another big expectation area for investors that needs to be dealt with if we are in line to be disappointed by having to wait that would be best dealt with now, imho.
4) What is the status of the Canadian debacle and when and how can we anticipate it to be resolved, if ever. Has the SEC been involved if we think we can document manipulation? I know you can not get into much detail as it is a sensitive area and not much of it is public but we deserve reasonable updates and projections for when the short effect will finally be removed from our stock.
5) Do we have active lines of credit now? If so, where and what is the money being used for in general? Are we living on credit or do we have some revenues to help pay our own way yet?
6) What is the burn rate of the company and what is lending to that? Also...how are we financing it?
7) What are our assets specifically. Please provide a list and breakdown of valuation and % of ownership.
8) It is my understanding that the company staff is scattered to the four winds operating out of their homes at this point with Tom and Rex manning a small base office out of Los Angelos, CA. Is that accurate? I don't oppose it...makes us cheap to run and flexible. If so, what are our plans for eventually consolidating operations, if ever, and having a central office where we can impress clients with deal signing and conferences...also...how often does the staff get together face to face to plan and discuss company issues??
9) Can you disclose details on the PERFECT testing? It has been asked many times if we are still affiliated with FTET for the testing...the answers have been that we are testing but have not specifically confirmed any continued affiliation with FTET...please advise. Also...can we get some names and numbers to independently verify the testing is going on, get impressions initially from beta testers and otherwise confirm to ourselves how this VITAL part of our business (and primary reason I invested here) is doing other than having to operate on faith and what we are told? If not, please explain the reasons as I suspect there may be some good ones as to why we can't delve too deep in this direction at this time and just have to trust the company for information.
I DO understand we are an incredibly small operation with HUGE dreams at this point...we ARE a startup. I expect us to be operating on a shoe string and with little physical resources. But I do expect us to have a plan for improving our lot in life and getting more consistent and organized in our operation. I think we shareholders deserve answers to these questions to shed some light in these regards.
Thanks in advance.
I believe in the vision and just have to be able to independently confirm my belief. I do it with my other investments. When JCI says it has a deal with Ford to manufacture their new dash systems, or has a strategic alliance to come up with a new way to lay out an interior...I can call Ford and confirm it. I expect the same here but have not been able to in many cases. The PR's just don't have enough basic info, imho.
Boy am I a pain in the A$$!!!! hehehehehe |
