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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 (2706)	6/16/1999 12:31:00 PM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 2909

>>BUT...won't the new stock represent a new liability that will offset the new value injected into the company from its sale and thereby be a null effect overall??<< No, The offset to equity is cash which will increase the total value of BETT. If BETT would have borrowed money, instead of selling stock, the offset to cash would have been a liability. The investors, who are putting their money into new shares, are holding stock just like you and I. Their investment depends on BETT's welfare just the same as ours. >>Wish I could have at least gotten a proxy on the last vote to give the impression the company gave a damn what I thought.<< I mentioned to Tom that I was surprised that we didn't have a shareholders vote at the stockholders meeting even though our vote would not make any difference. I have a feeling that the next stockholders meeting will be a lot different. Go BETT!! Go Tom!! Scoobey