From: Fatt Matt Saturday, Aug 14 1999 9:02PM ET|
Reply # of 3082
I have a lot to say about what this does, but I know you are focusing on why they need $10 million. I see this as management going for the gusto and I like it! They were screwed and blind-sided on the Canadian deal for money..
With this deal, they are going for the big time. With JVC they have proven they will be accepted and the product works and people will use it. Proven is the key word here..Acceptance.
With the $10 million PP they will go GLOBAL, the ECNC dream. Read the part of that PR that CIMA didn't post - ETTA to Implement Same-as-Cash(TM) Internet Service in 100,000 Australian, New Zealand, Hong Kong and United Kingdom Homes in Time for the 2000 Summer Olympics.
--Don't you think it might take a "little" money to implement something like this. This is only the beginning of it all...It's going to be HUGE
eConnect Projects Substantial Revenues in 2000 From JVC Secure eMail Service. This will probably gross them around $20 million...(my estimate based on filings)
Plus, in regards to the PP, I think that the Sydney Fund will be handling this and probably take a huge position in it. (I could be wrong. There will probably be a re-release/re-write to clear this up)
Now, what did you see that you didn't like?