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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY -- Ignore unavailable to you. Want to Upgrade?

To: Ronald P. Margraf Sr. who wrote (2691)	6/16/1999 12:05:00 AM
From: Jorjenzak	Read Replies (4) \| Respond to of 2909

You might recall a prior post of mine following the news raised similar concerns, only I thought Tom was buying up the stock to help boost the price up over $3 per share before Sept. so he can buy a bunch at .30. I agree...not sure a good thing for us little guys but what is the big difference between Tom owning 52% and 60% of BETT through his private company ET&T. The fact is he is in control. This is not new information. Maybe he wants more BETT stock cheap so that when the new authorized shares hit the market he can retain his percentage of control. I do not understand the dilution discussion Scoob posted about only new shares getting diluted?? Unless they are a new class, more shares means each share gets diluted some in value unless the value of the company increases at the same time proportionately. Either way...you either trust Tom to take this company to the top and take care of the shareholders or you don't. Tom stated here that his intention in "buying back" the BETT stock into ET&T was strategic for the company as part of its plans for future deals and to increase the value of ET&T so it can continue to loan funds for capital to BETT. This sounds nice but does not make much sense to me since I am stupid. But is does sound like spin since how this all works is not readily apparent. I am long and strong because I like this company and the vision it has. It has been said and I will echo those who have posted before...how the company is set up and controlled needs to be reevaluated if the company and stock is ever going to make it to the next level and beyond as Tom has stated is his goal. If he wants to be the next BIG THING his company has got to become more stockholder oriented and less like a dictatorship. I think he will see this in time. JMHO HERE IS THE BIG QUESTION AND FLASHPOINT OF CONFLICT OR CONTENTION between Tom and us: Why is it in the best interests of BETT and its stockholders for the good stuff, the proprietary licenses, etc. to be in the hands of privately held ET&T which is the majority shareholder in BETT and whose majority shareholder and head honcho is also the head honcho for BETT???? I think the answer is that it is not in the best interests of BETT and the MINORITY shareholders but it is in the best interests of TOM and ET&T and that is just TS for us. That does not make me happy and is the only thing that could shake my shares loose eventually if other red flags arise. And they why of it has been pointed out here before...Tom can simply funnel everything back to ET&T and leave nothing for BETT out of all of this, particularly if things don't go well for BETT at some point. He has an escape hatch and WE do not. He has all the control and we are merely along for the ride so long as it pleases him. This is my own cold, hard analysis of the situation, even though I still like BETT and I do like Tom. FWIW...SSL

To: Ronald P. Margraf Sr. who wrote (2691)	6/16/1999 9:13:00 AM
From: DaiTN	Read Replies (1) \| Respond to of 2909

Hi Ron, a) You said: <I own 10%+ of BETT stock,......I got in at 9 cents...> I would like to know how you get these numbers as I don't recall disclose my holdings to anyone. Not that I care to prove that you are wrong, but the fact is that I don't hold that many shares and I did not get in at 9 cents. I wish I did :) Now to answer your questions: 1) You are correct. BETT is not buying back the company stock. ET&T is the one who buy the 2 million shares. 2) ET&T is currently holding 7,685,000 shares of BETT, which make ET&T a majority shareholder with approximately 52% ownership in BETT. If ET&T will buy an additional 2 million shares of BETT on the open market, that will increase the total holdings of ET&T to 9,685,000 shares total. Keep in mind that BETT currently has 14,500,000 shares outstanding. With the 10 million shares offering, and 900,000 S-8 shares that will issued to pay for consulting services, the total outstanding will be approximately 25,400,000 shares total. That will bring ET&T ownership in BETT to 38% in the future. To be exact, Tom also has 1,000,000 shares of BETT on his own; therefore, together ET&T and Tom own 42% of BETT (9,685,000+1,000,000 divide by 25,400,000). 3) You said:< adding 2 M shares on top of 52% that ET&T already owns, as shareholders, we are left out in the cold> For every 100 dollars that BETT makes, assuming you own 1% of BETT stock, you will get 1/100 of the profit. Whether ET&T owns 52% or 60% of BETT, your profit is still 1/100 of the total. By buying shares on the open market instead of issuing more shares, ET&T does not dilute your ownership of 1%. No matter who own the shares, your ownership of 1% on BETT does not change. 4) Regarding ET&T being a majority shareholder and trying to control the stock,why would the SEC has a problem with that. Is there a rule saying that no entity or an individual can own more than 50% of a public company? 5) I am not sure if I understand you point about: <Any price movements could be contributed to insider trading and the stock could be suspended.> < Myself, I want answers. Real answers. Whats Toms intentions????? I think I know, but this is the wrong solution. Not a good idea if Tom is thinking about moving the stock because he owns it and then throw it out there for more then what it is worth.> Can you elaborate these issues further!!?? 6) Regarding the "conflict of interest" of Tom who is the majority owner (70%) of ET&T and who also control the Board of Directors of BETT, I have raised this issue on my second report from Las Vegas. Tom has given me a reply stating that we will see the positive interconections between ET&T and BETT over the next 30 days. It has been one week, so we just have to wait for 3 more weeks to see what will happen. 7) Regarding <not going to let it rest>. I like that attitude Ron. I think we have something in common here :) Have a good trading day, DaiTN