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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY
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To: Popiye who wrote (71)5/8/1998 2:07:00 PM
From: Stephen Goldfarb  Read Replies (1) of 2909
 
Popiye: As I understand it, the feature of Betting, Inc. is for a customer to instruct an intermediary (the company) to remove funds from the customer's bank and place the funds with the merchant (e.g, an Internet gaming company). Notification of both parties is done in a matter of seconds or minutes. However, merchants, including Internet gaming companies, can accept cash card (Credit, ATM) deposits directly from customers using secure Internet methods. The question, therefore, is how much incentive is there for merchants to use an intermediary method of receiving payment? Similarly, how much market is there for customers to purchase the company's terminals? Any comment or elaboration on this?

Steve
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