ECNC mumblings and thoughts...
I would recommend that each and every one of you go to this site and read it..read the QandA and read the Products link
e-connect.cc
I was reading it and I totally forgot about the eGaming mess and all that junk that people have claimed (and myself at one time) has made eConnect lose their focus.
ECNC was never focused on eGaming in the first place. I think this was supposed to have been another testing ground for them..but in light of SNMM getting nearly shut down and raided, it was a wise move to get the heck out of this sportsbooking. People that were 'betting' just on the sports book for ECNC had the wrong view....IMO and didn't know their HW. Probaby the biggest reason for getting in the betting end was cash flow. Read the qanda on it. It siad that it was providing good cash flow from the get go. But now they had to let go...They were trying to stop issuing shares...
I was amazed and didn't realize just how many kettles they had in the fire. When whoever said that they were up to their ears in work, I wasn't so sure about it, but now I can understand it. They have so many new technologies and places to implement it, it is amazing. And what is neat is that they have a unique concept of the ATM crards..this has been previously, not available. I think they are targeting the rights areas so far with the market place.
I really like the idea of the Internet ATM division. That is really my 'area' that I understand and like. At first, I was not impressed when I found out the idea about the "hardware" you had to have to use the ATM card via the internet ...but then I decided to kick in my logic mojo. My mother HATES with a passion to put in her CC# over the internet, but doesn't blink twice about giving it to a $5/hr clerk or sliding it through the machine at WalMart. I bet this little device that is simple to attach would increase pepole's confidence, very highlly, because it is something they are familiar and comfortable with. I truly didn't catch that until tonight. But now, the more I think about it, this could be something that the big retailers would support BIG TIME. It would increase their margins big time, let people use ATM cards, and increase confidence in their website. Plus, it all goes through this eSecure stuff with security certificats...bascially, I think it's a major psychological thing that people will love. Key is to get this baby rolling, which I think Tom has going..but right now, he is testing it all out...
I think after this testing and he has a lot behind him as 'proof' and stats, he could just walk up to Walmart CEO or JcPennys or Gap or whatever, throw a presentation up on his little laptop and BAM! he has a new client. It would be that simple, IMO. After a few do it, they will be calling HIM. It will be like a big snowball effect. People will want it, they'll sign up for a box or it will be distributed through the 'distributor' or retail channel...then you will have customers writing companeis requesting that they support ECNC "perfect" system...
Wow...I got into that deep and way way ahead of where we are now....wheww...got carried away! LOL
Bottom line is- at .20, from an investors' view, the stock is well worth it. I plan to get my shars as close to .20 as I or cheaper until the dumb money is done dumping....
The company has a vision, goals, and very dedicated managment..which reminds me. Tom has his whole life invested in this. It's his child, literally. He traded some of his own shares for an acquistion to help the company. When you have managment dedication like that, ther is only one, end result: Success.
FM |
