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

To: steveK. who wrote (1665)	4/2/1999 1:49:00 PM
From: SCOOBEY-DO	Read Replies (3) \| Respond to of 2909

Balance Sheet from the 10-QSB February 28, August 31, 1998 (Unaudited) 1997 (Audited) ASSETS Total Assets $1611 $45 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Due to stockholder $0 $35,135 Accounts payable 270,178 283,178 Due to related party 15,694 0 Commissions payable 21,400 18,399 Total current liabilities 307,272 336,712 Commitments and Contingencies Stockholders' Equity: Common stock, $.01 par value, authorized 10,000,000 shares; issued and 114,122 78,432 outstanding,11,412,234 and 7,843,234 Preferred stock, $.01 par value, authorized - - 5,000,000 shares; issued and outstanding - none Additional paid-in capital 4,994,319 4,855,535 Accumulated deficit (5,414,102) (5,270,634) Total stockholders' equity (305,661) (336,667) $1,611 $45

To: steveK. who wrote (1665)	4/6/1999 9:59:00 PM
From: Gutterball	Read Replies (1) \| Respond to of 2909

Actually, Number of shares of common stock outstanding as of May 31, 1998 is 11,412,234 sec.gov It goes on to state... Common stock, $.01 par value,authorized 10,000,000 shares; issued and outstanding,11,412,234 and 7,843,234. The excess shares are explained... During the nine months ended May 31, 1998, the Company issued 3,569,000 common shares. This has resulted in the total issued common shares exceeding the 10,000,000 common shares authorized by 1,412,234 common shares. Management of the Company intends to increase the number of authorized shares or to convert the common shares issued in excess of 10,000,000 to preferred stock. In the Statement of Operations... there is confusion with the dates and colums, ie, 11,412,234 shrs occurs under the May 31,1997 heading.