To: Dan Meckenstock (269 ) |
From: SCOOBEY-DO Wednesday, Jul 8 1998 12:44PM ET
Reply # of 2319
Dan, this is a response to you from Tom Hughes as follows:
"1. The Patented Pocket Pay (5,754,655) will be both an ATM card with PIN DES encrypted, stores value card and credit card phone and modem.
The consumer loads the cards with a reader, detaches the reader, and slips the Pocket Pay into their pocket.
We would love to have Motorola make the Pocket Pay and take a cut per transaction. Anyone who can get up to a decision maker at any company and not mid level management non decision makers...we can offer you a very attractive deal.
Keep in mind the basic premise: We are in the processing business...not the equipment business. Other than to jump start the PERFECT industry.
2. ET&T is privately held. No trading symbol. But the 504 D is not restricted according to our attorney. Betting Inc. 144 stock is restricted from sale for one year. ET&T will purchase Betting Inc. 144 stock from anyone on the thread who wants to sell at 20% over the days BID on October 1, 1998 and December 1, 1998.
The ET&T 504 D is for $1,000,000. It has not been shopped and we just had Alexander Securities, a respected brokerage house in LA, agree to represent it. Call me at (310) 377-2803 for details. 2,000,000 shares at $0.50 per share."