Beside JM, Matt Brown was also fond of ECNC as well as the famous tree trimmer which was the start of the recent Bermuda short sting operation. If not for the ECNC tree trimmer all those recent Indictments of off shore crooks and money lauderers might not have taken place
Club Fatt! OTC BB - Stock Profiled - eConnect (OTCBB: ECNC)http://web.archive.org/web/19991128124842/http://www.clubfatt.com/
INVESTMENT RESEARCH EMAIL REPORT
Stock Profiled - eConnect (OTCBB: ECNC)
Email sent to Members on 8/2/99
Here is the DD that has been supplied by Club Fatt! Research Team Member,
Jorjenzak.
All filings for BETT and ECNC can be found at -
web.archive.org
Here are some excerpts and links on DD on ECNC....formerly known as BETT:
Link to the DD Warehouse on ECNC....200+ DD posts, opinions, PR's, etc.
for a quick intro to the company's past up to present -
web.archive.org.
Link to the current active ECNC SI Thread -
web.archive.org.
The regulars on the thread are ocmayor, scoobey-do, Lord Ernie, Fli-by,
Ron P. Margrapf, Manny the Ranger, Mark Richter, Stevek, DaiTN, scouser,
longtom, myself and a host of others I can't remember off the top of my
head. Sorry if I left anyone out. Also a GALAXY of lurkers who post
occasionally and those who never post but often e-mail me about the
thread....usually to brag on us!
Link to the original BETT (now ECNC) SI Thread...where we all got started!
web.archive.org.
In my own words: ECNC is a same as cash transaction facilitation company,
with its focus on everyday consumer transactions and an eye on also making
money on wagering. It was originally called Bettting, Inc. (BETT) and was
a Missouri corp. that was originally known as Legoons which was a clothing
company. Tom Hughes is the CEO, man with the vision and driving force
behind it all. What a guy! What a worker! He now has a team of
professionals helping diversify and grow the company and it is set to TAKE
OFF! I see this mode of transaction facilItation as having the same impact
on our society as credit cards and more recently ATM's and debit cards. It
WILL be the way we do business in the future.
**Dated 5/2/99 (Author is Sir Lancelot....known as Stevek on SI)
BETT is a company beginning to really come of age and define
itself. Outstanding shares are around 11Mil. Trading float is around
5.5Mil. Those numbers are from the company as recent as last week. They are
a fully reporting company with all their SEC papers filed on time.
Something most BB's rarely do.
BETT is positioning itself to become a big player in the global on-line
gaming industry. They already have revenues from their on-line
casino(777WINS subsidiary)with those revenues projected to triple by the
next QTR. They have also just opened their new esportsbook-for on-line
betting of all major sports(another revenue maker),and their BIG
project-the PERFECT wagering system.
BETT is positioning itself to generate revenues from it's own gaming
company(and others as well)holdings by routing the PERFECT gaming wagers
to their competitors for a small(2-6%)service fee. These service fees will
start adding up quickly as the transactions continue. This is called
TSP(transaction service processing). On-line gaming analysts estimate that
these transactions alone by 2002 will add up to 200 billion.
BETT is designing their TSP business to capture 40% of that exploding
market. That my friend, is a lot of money. Every transaction throughout the
world that uses BETT's PERFECT wagering system of cash/credit will
increase BETT's revenues and profits. The numbers could be staggering from
the TSP revenues, not to mention the casino, and on-line sports book
revenues.
In their last press release, BETT estimated their earnings per share for
next year to be between 10-20 cents-and that is conservative at this point
in time. I believe the management is very sharp and aggressive. They are
shareholder friendly-they keep us updated regularly. And they are very
receptive to questions.
There will be a shareholder's meeting soon in Las Vegas. (May 5, 1999
Alexis Park from 9am to 1pm) They needed to reschedule the last one(in
early April),and they offered to reimburse any shareholders for the
difference in plane fare reservations made earlier. How many companies do
that? Not many my friend.
Read their press releases(on Yahoo or Business Wire),check their trading
charts, and do your research. I don't think you'll be disappointed. If you
are, then don't buy. Look at how BETT is valued compared to GGNC or SNMM. I
hear there will be big news in a few weeks as well. If it's what I believe
it is, the stock price should respond even more than of late. I believe we
could see $3-5 by the Fall(maybe earlier),and next year BETT should really
go places(I believe 10-20 is possible next year). Many investors I know
are and have been taking positions in the stock for the long term. I guess
they agree with me.
If you subscribe to Silicon Investor message boards,then you should really
check out the BETT board there-some very sharp investors that know the
company and are in touch with the CEO on occasion. The Raging Bull message
board is good too. <eom>
**Most recent news post (8/1) from Tom Hughes (CEO of ECNC) by way of the
one and only Scoobey!
Update:
We will be releasing a comprehensive press release on Monday. Check out
web.archive.org. I will be interviewed in mid August and
will show a live demonstration of Same-as-Cash TM payment across the
Internet by ATM card and PIN. Our Same-as-Cash service will then be
marketed to the Internet merchants as a method to receive either Internet
ATM card with PIN payments or far more secure Credit card payments as they
will now be card read by a card reader before being sent as payment.
Emerging Companies reaches over 200 cable stations and has been in
business for over 3 years. You can watch live television programs on the
web site which means that Lord Ernie and his people in Belgium will be
able to see eConnect and our business progress.
The catalog products from a well known catalog whose name still has to be
kept quiet as we work out the press release, is now being loaded into our
Host which will then download the inventory into our EzyShopper units. The
EzyShopper will then be deployed for no cost to high traffic locations
where people are waiting. As stated previously, we are focused on the
SouthBay of LA for the rest of 1999.
Jim Wexler is confident that the eSportsbet.com web site will be ready by
no later than August 14 and as early as August 9. This will substantially
increase our business as we will now have both staff answered over the
phone business plus Internet business.
777WINS will be releasing a new marketing campaign in August and will
aggressively be targeting banner ads on high traffic sites.
GO ECNC
Tom
**ECNC commercial can be viewed here using these instructions:
web.archive.org.
**Link to a post I copied with more current analysis of ECNC (not that I
totally agree with and and don't endorse it but some good info here) and
includes some of my FAVORITE excerpts from the last 10K:
web.archive.org.
**Link to info from Tom on Ezyshop:
web.archive.org.
**Link to another great update from Tom on PERFECT and more:
web.archive.org.
**Link to PR where company announces it is paying off the Canadian
debenture before conversion and sending the shorters packing:
web.archive.org.
**Link to an early post regarding a quick picture of the company at that
time, note the company is now out of Nevada, is no primarily focused on
wagering but has refocused on servicing all kinds of transactions:
web.archive.org.
**Link to early business plan of the company....technology remains the
same and potential is huge but focus has shifted away from concentration
on wagering, and they do have competition now but NO ONE is up to speed
with ECNC!!! web.archive.org.
**Link to page two of that business plan:
web.archive.org.
**Link to the rest of the business plan:
web.archive.org.
**Link to text of speech by Tom Hughes in London, England a year or so
ago: web.archive.org.
**Link to the rest of the speech:
web.archive.org.
**Link to Tom's background from Tom himself:
web.archive.org.
------
That was the research provided by Jorjenzak. Here was the post I made
regarding what could really happen here...
***http://web.archive.org/web/19991128124842/http://www.techsto...
Something that has been bugging me ever since Lynn Goodman mentioned it,
along with Gary Hill, is finding that one leader in an industry that is up
and coming. The one that has the balls to try something.
I think ECNC is one of these type. I was sitting there thinking, how can
ECNC be a leader. I was stuck on this stuff about the sportsbetting, which
is really great, but I know it isn't the core. Basically, I don't care
about it or 777wins.com beyond being cash cows. I think they should sell
eventually. They will not do any good but provide an experiment ground and
provide cash. AFter they get this transation (PERFECT) off the ground,
they will be of no use.
Anyways, back to the leader stuff. Do you recall us being in GOCA? I
remember reading an article about the gov't or industry c racking down on
CHARGE CARDS being maxed out and causing people problems. Sure, VISA makes
money here (well, if they pay), but not always. What if they go bankrupt
from it!! But ECNC might be the key to the gov't cracking down on this
crap. (I hate gambling personally--the slots and cards) What it looks like
is ECNC gets a fee from this PERFECT technology when used. VISA gets 3% of
every sale I beleive by using their cards. This might be what ECNC gets.
But ECNC doesn't use credit. It all links back to an ATM account. It's
like a cash account in the stock market. you can't spend more than you
have. If the gaming industry gets bad enough, this could be the key to
keep it alive. Use only what you got. It would make the die-hard happy
too, because they would be limited!
Now, I know gambling isn't their only industry, but they apparently share
the same vision I do becasue they have acquired the 777wins.com casino. I
bet they use this as a cash cow and a testing ground. Very smart. (I'm
calling them smart, but I don't know for sure! LOL)
This is what gives them the edge and makes them a leader. They have a new
technology that I have never seen before and could DRAMATICALLY help out
an industry. I don't know how the structure works, whether it be % of
sales or an upfront licenssing fee or what...But either way, they can make
it big with it all.
Filings look good. I was just confused on all of the name changing and the
jurisdiction changing and all that BS. It's all good now and going out to
the Club.
FM
-----
I obviously think the stock has a lot of potential. The company is taking
its time to do everything right and getting all of the ducks lined up. I
like that in a company!
There is supposed to be a site launched this week. I doubt people will
really sell into this. If so, it will only allow us to pick up shares
cheaper! Might be smart to wait and see what happens at the bell.
The stock could go wild. It's only a matter of time. I think this is one
of those rare stocks that just might be able to be considered an
investment and not a trade. I could be proven wrong on this. Either way,
I see potential to make money here.
There was only one concern I had about the sports betting side, but it
appears to be a non-event and I am trust my team of researchers on this
one....
This will be the first pick since the cappage of the list...We are now
PRIVATE! Whoo hoo!
Best Regards and Good Luck in whatever you decide!
Fatt Matt
Email - mrfattmatt@hotmail.com web.archive.org. - Club Fatt! Thread web.archive.org
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