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Biotech / Medical : GMED - GenoMed Inc.

GMED 83.90

+36.0%

Nov 7 9:30 AM EST

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To: BiotaBull who wrote (241)	3/6/2005 7:50:40 AM
From: jmhollen	Read Replies (1) of 347

O/T: If I had to synopsize what happened to ECNC (..which still exists as ECNT, or something..), Thomas Hughes unfortunately surrounded himself with a collection of self-serving slugs who milked him like an Wisconsin Holstein. Then, they generally drove him nuts. I only met Tom twice, personally. He seemed like one of those more visionary types - who then gets the crap kicked out of them by the details and/or the sleazy boolschidters. I saw a functional demo of the "Bank Eyes Only" financial transaction technology, so no - it wasn't a scam. It was a visciously engineered, greed-based train wreck, IMHO. PayPal is now basically the same thing - without the little card reader doomajigy. Tom got crosswise with the SEC over an inaccurate PR once, and then apparently pulled the same yayhoo stunt a second time - and got hammered. I'm afraid he may have taken Manny V down with him by default; I haven't been able to contact Manny since the demise. He was one helluva a nice guy - and no way involved in anything funky. It was a real (w)itch to sit out here in the CornPatch, and watch what was a pretty good idea get totally trashed by all the CA whores that were involved. There were meetings scheduled with a major utility company and a major stock brokerage that would have put ECNC on the map. But, that apparently didn't serve the purposes of those milking Hughes; they and Tom never managed to show up. End of story. It's been a while since I talked with Ron. PM him, and see if he responds. John :-) .

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