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

To: rick f who wrote (1807)	4/20/1999 4:28:00 AM
From: SCOOBEY-DO	Respond to of 2909

Hi Rick, The way I see it, BETT needs to increase the authorization of common shares since it currently only has 10 million authorized. By authorizing up to 100 million, BETT will not have to go back to the voters in the near future to ask for additional authorized shares. BETT has used up all of its authorized shares and will have its hands tied unless additional shares are authorized. BETT would need additional shares authorized for the 505 Offering and also for the acquisitions that are planned. BETT does not have the needed cash to acquire acquisitions through the purchasing process. The question would be, how much control does BETT shareholders want to give eConnect in the issuing of common shares? Is it important for the company to request approval of each additional 10 million shares authorized or give the full amount in one lump sum? I trust Tom enough to give eConnect authority to issue up to the 100 million shares. Remember also, that ET&T has controlling interest in eConnect and will cast the deciding vote. Go BETT!! Scoobey