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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 (2096)5/14/1999 8:06:00 PM
From: DaiTN  Read Replies (2) | Respond to of 2909
 
SteveK. Thanks for the respond. Perhaps, you misunderstand my question because you did not receive a Proxy Statement.

BETT 10Q report for 1st fiscal quarter clearly stated that BETT had 10 millions authorized common stocks, and 5 millions authorized preferred stocks. The company had issued 14.4 millions shares of common stocks, which is 4.4 millions shares over the authorized amount.To repair the error, BETT had to convert the extra 4.4 million shares into preferred stocks to comply with SEC. It means that BETT had max-out its common stocks of 10 millions and should have 4.4 million shares of preferred stocks outstanding. (These are facts filing with SEC as of November 30, 1998).

Here is my question: The Preliminary Proxy Statement I just received from BETT indicated that as of March 25,1999, BETT only has one class of voting stock, with a total of 7,843,234 shares outstanding. Why there is a discrepancy in the number of the outstanding shares? What happened to the other 6.6 millions shares of stocks issued?

By the way, I already booked my trip to Vegas for the meeting, should you guys plan a get together for a drink on Friday night, please count me in. Go BETT!!!!!!

DaiTN



To: steveK. who wrote (2096)5/15/1999 1:04:00 PM
From: Jorjenzak  Respond to of 2909
 
Spoke to Tom this morning. He called me after we had played phone tag all day Fri. He has financing coming to help expand the business which should help the stock price. Maybe will know something this week or next! Also some great deals about to close or more than 1/2 way to closing.

He making deals in Britain, Australia, US and now Mexico. Has a great deal with a major airline to place SWYW ( or now they are called Easy Shop) terminals in their boarding areas. His "gorilla" news is still coming, more than 1/2 way to making the deal but too soon to give any details. It sounds like he really has high hopes for it and what it will do for BETT. His vision is to be the AOL of same as cash transactions, and he has the plan and technology to just do it! IMHO His goal is to be NASDAQ listed by year end and have a stock with a mid-double digit price shortly thereafter!

As for proxy statements, I haven't gotten mine either. If you notify the company of your address he will see that you get one. If you attend the shareholder's meeting he will have lots of demo going on aimed at bolstering your confidence and convincing you to go out and pick up more shares b/f they fli up! :) Now is a great time to buy, need to find some cash.

GO BETT!!!! Thanks Tom.