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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?

To: Matt Brown who wrote (2731)	8/1/1999 11:20:00 PM
From: Jorjenzak	Respond to of 5041

he he he...oops sorry! In response to Matt's post about ECNC potential: Gotcha...this has been observed on the thread as well. It is one of the reasons I am bonkers about ECNC. May sound like hype but this is a leader caliber company with its vision and technology...and you can come up with the tech. companies I am thinking of as comparison. Not only will this be useful if credit cards quit letting people use them for wagering, or the gov't does, but unlike credit cards...once the transaction goes through you ARE DONE! No charge backs like a credit card. They got your money and its over. Vendors LIKE this. They don't have to submit to the card company for their payment less the card companies cut. My vague recollection is ECNC makes 2% off a transaction, unless its on a proprietary/subsidiary site then they can make as much as 7%...I think. It has been laid out in detail on the thread and IS contained somewhere in the 200+ posts on the DD site. There IS risk here should gov't regulation upset the apple cart for this type of transaction, if the test of PERFECT fails for some unknown reason, if the economy tanks, if cash flow chokes the company, if competition ramps up and out competes us, if lots of things happen. BUT...if it goes then it WILL GO BIG! JMHO LOTS of upside and not much down from .40 and below. I am sitting on a 40%+ loss right now and got now worries. I am holding for mid double digits and beyond. That is no BS.