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


To: Jorjenzak who wrote (2699)6/16/1999 12:13:00 PM
From: SCOOBEY-DO  Read Replies (1) | Respond to of 2909
 
IMO
Tom has no reason to keep the price down. In fact, that is why ET&T is buying BETT stock, to increase the share price.
I think Tom may know who is trying to keep the price down, but what good would it do to say anything. Tom is going up against the seller by buying BETT stock and taking it out of the float.
Tom wants us to ask for our certs to take them out of circulation. That would also lower the float and increase the price.
In order to buy BETT shares at $0.30, Tom needs to get the BETT stock price above $3 by Sept. What reason would he have to hold the price down.
ET&T is smart by not putting in an open order for all the stock it can buy as quickly as it can. ET&T is working like a MM and buying cheap shares. We don't need the BETT stock price artificially inflated with ET&T purchases.
These are my thought on the current discussion FWIW.
Ron, DaiTN and Jorj.
We need your type of discussion on this thread. Thank you for your thoughts.
Scoobey



To: Jorjenzak who wrote (2699)6/17/1999 1:36:00 AM
From: Ronald P. Margraf Sr.  Read Replies (1) | Respond to of 2909
 
Hi Jorj.,

As the previous post to you. It is probably my fault that you and some
others might misunderstand my post.

I'm not implying or even accusing Tom of anything. In fact I don't beleive
he is responsible for the share price being batted around. I think Tom
has too much integrity for that.

The issue is the removal of another 2 mil. shares from the market. Drying
up liquidity. In turn controls the price of the stock. Folks buy stocks
for many reasons. Some for the company itself and what its represents
some for investment purposes and the beat goes on but everyone wants their
stock to be liquid enough to be able to sell in time of need and liquidity
is the key. There is no guarenttee that that other 9mil share will hit
the street.

So do you see where I am coming from?;-)

Later,

Ron

ps.
don't think of yourself as being dumb or stupid. I think you have a
pretty good head on your shoulders.

r