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   Microcap & Penny StocksDD Central on ECNC (formerly BETT)


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To: Jorjenzak who wrote ()8/16/1999 6:32:00 PM
From: Jorjenzak
   of 266
 
To: SCOOBEY-DO (872 )
From: Jorjenzak Thursday, Aug 5 1999 8:44AM ET
Reply # of 1380

**********************************************************************
Please post the following on the threads. Thanks. Tom
**********************************************************************

To All eConnect shareholders:

Today we were hit by two storm elements:

1. The bogus E scare which was fanned to the nth. degree by interested shorts.
2. By the overall pounding that NASDAQ took.

Those panicked investors who sold today will seriously regret their move and will
encounter the Pillow Factor. This refers to the need for a pillow due to the kicking of themselves at cocktail parties whenever the subject of eConnect is discussed.

eConnect stock holders should hug themselves every morning that they discovered eConnect in our very early stage of development.

1. Jim Wexler is traveling to Costa Rica on Friday and is confident that the eSportsbet.com
site will be up and running next week. They are pros and will set new standards for
Internet sports gaming.

2. The eGaming division is generating revenues today and we expect substantial revenues
in the near term.

3. The eGate division is actively launching EzyShop (see www.ezyshop.cc) and we expect
to report beginning revenues for the third quarter and solid revenues for the fourth quarter.

4. PERFECT testing is moving forward and will implement a service to be offered to
Internet merchants who wish to receive Same-as-Cash from Internet consumers. This
service is scheduled for marketing in October as eConnect continues to make progress
in "taking Internet commerce from credit to cash."

We are not concerned by the flashing tails of the flying fish as they swarm in a panic past our
eConnect ship. We've set full sail, charted the course, and we are only interested in the wind that drives our vessel which is the elemental of sales, revenues and profits.

Beyond the horizon is new land that eConnect shall stake a claim on.

GO ECNC!

Tom


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To: Jorjenzak who wrote ()8/16/1999 6:34:00 PM
From: Jorjenzak
   of 266
 
MUCHO RELIEFO...man. Got a voice mail phone message from Tom, details are as suspected...NASD has its head firmly inserted and missed out on the fact ECNC changed from fiscal to calender year. Last 8K was timely, next filing not due until 8/15 but he plans to file by 8/9...they are advising NASD that if the E goes on Friday they will sue.

ECNC Attorney's are on it. We can't stop the NASD but we can sure get their attention soooooo...if you hear a big, wet stinky POP you will know NASD has removed its head from its ###...Friday will be interesting.

Will keep everyone posted as I am....trying to get in touch with Hackman's office for details per Tom's permission.

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To: Jorjenzak who wrote ()8/16/1999 6:34:00 PM
From: Jorjenzak
   of 266
 
Spoke to ECNC's lawyer, he confirmed full compliance per rules and that the glitch is due to NASD's failure to understand Rule 13(a)(10) regarding the election to change from fiscal to calendar year before the May filing was due. The rule basically says you instead file during the next filing period...which is why it is not due yet. The next filing will be through June 1999 not May.

He has explained this to NASD and bounced through several people. Working with the ombudsman now. I RETRACT all prior statements about a lawsuit to be filed if not fixed b/f Friday. sorry.....attorney advised upon my questioning that he thinks NASD is immune....have to follow other grievance procedures. Tom is just so PISSED that he wants to sue. I don't blame him.

May know more before tonight. The attorney promised to advise when he spoke to the ombudsman again today...was getting ready to call her.

Bottom line is they are going to kick, scream and fight NASD to fix it and if NASD refuses to understand and follow their own rules the accountant can back up the report to be for May and get it filed long before the 30 days runs for delisting. It WILL be fixed soon one way or another. This is public information the company wants the shareholders to have a soon as possible.

FYI

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To: Jorjenzak who wrote ()8/16/1999 6:41:00 PM
From: Jorjenzak
   of 266
 
Talks with Tom and Manny -

First this afternoon, I talked with Manny. I was talking on AOL, then got tired of typing, so we hopped on the phone. Great guy and you can tell in his voice, he is out to do the right thing. He is very new at the company and was unsure on a few things, but that is ok, because he is the new dude in town. He just quit his school job to work full-time for ECNC. He is on salary. He is basically the IR guy and the connection to brokers and important people. He doesn't get paid in stock...So, he doesn't have to disclose anything. He is just like the rest of his..He gets his monthly check and the gov't takes their cut..Nothing shady..So I'm cool with it..He just needs to diclose he is an employee of ECNC on his profile. Or put at the bottom of Posts - Manny, IR ECNC

-----
On to Tommy boy :-)

Tom is a pretty pumped up guy. Tons of enthusiasm.. I am sure he won't like me saying this, but I have something good to say in a few seconds :-) He lacks one thing..Keeping stuff to himself. I think he is so excited about everything that is going on, that he can't contain himself! I understand, because I have been through it before. But this is something he has to learn and will be a costly lesson, as it already has been. He lets info out of the "cage" sometimes too early, if you know what I mean. He was trying to tell me something, but I didn't want it. I don't want that info....This is something he must learn and keep to himself. He has never run a public company, but many private companies. I trust the guy, because he wasn't bsing me. He was straight up about everything and knew his stuff.

Tom is not a IR guy. He is a visionary. I noticed one thing about our conversation. He kept drifting off talking about this PERFECT system (the ATM stuff) He is so focused on this whole concept, there is no reason in the world to think it won't succeed. I am convinced and what was amazing, is that I told him my idea I had afew posts back and he was targeting the same thing..He even descirbed it (ATM transactions from online Casinos vs. Credit Cards...the gov't WILL push this in the future..any bets?) This was my exact thoughts, which I posted on a while back regarding ECNC. He kind of reminds me of Steve Jobs. Steve was a visionary and was not concerned about the "stockholders," but rather in creating something that was going to leave a mark. Now, Tom is a visionary, but he obviously cares about the shareholders....The shareholders know too much and are milking him...I don't think he clearly understands the boundaries here, but I'm working on it! :-)

I talked about the Canadian deal. Very shady going ons and NOBODY in their right mind would have signed this deal...I didn't know the specifics of it till I talked to him. Holy cow, they were ripped a fast one and NOBODY could have seen it coming, so I don't blame them for it...

In regards to my concerns on the sportsbetting side, I mentioned it was showing up as being in Boston,MA. He said it all goes on in Costa Rica. So this makes it legal. I have not seen proof of this as of yet, but it makes sense since the 777wins.com is there too :-) I'll check up on this..Not that I don't trust him..but I want to make sure with this Wexler guy...

There are 40 employees, residing on the E.Cost, the W.Coast and in Costa Rica.

There is a great commercial airing on Discovery Channel, AandE and other channels regarding EzyShop.

The share structure is this - O/S Authorized - 100 million
O/S 30 million
Float 15 million (due to recent acquisitions of issuing some restricted and some free=trading stock. It is to beleived that there is really only 5 million (really trading) in the float due to the way it was arranged. They aren't suppost to sell for a year--Confusing I know, but it is simple if explained on the phone..I had him run it by me a few times! )

The "E" thing is a load of crap and the longs knew this. It quickly shook out people that were not so sure about what they got into. The NASD is going to be correcting this.

Basic Thoughts -

I like Tom and Manny. I have a few things that I would like them to stop (posting info not yet public--like the gorilla thing..It has come back to haunt them and they are living and learning) there is a reason this is a penny stock. It is just beginning to develop. This is why I told everybody to be patient, this is an investment, let's wait for just the right price (I am still not in)..I do'nt want to make a quick trade off of this stock. I'm going to wait and watch for the market to whip into shape.

Anyways, back to what I was saying. The people I have dealt with have been great. They are all knowledgeable and visionaries. I like that. THey just need some help on taping their mouth shut. This is all that bugs the heck out of me, obviously. They have such a good thing going, don't screw it up, letting it go prematurely! Letting info out early leads to one thing - sell on news..And it will happen on whatever the heck this Gorilla thing is.

The main reason I like this stock is they are doing one thing. They are being a visionary leader and creating something. They aren't copying and "remaking" something that has already been created....

Cheers!

FM
Very confident group, BTW..I am very impressed.
Bottom line - waiting and watching. In the .25+ range looks like a steal of a deal....I guesstimate in 5 years, the stock will be in the 20s if everything falls through like Tommy boy plans.....Life is a gamble.

P.S. I have more, but this is enough for now! Tom and Manny! TAke a break from the boards..You are killing yourselves...The goods are there, let it go on its own...Just my advice. But who the heck am I?

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To: Jorjenzak who wrote ()8/16/1999 6:43:00 PM
From: Jorjenzak
   of 266
 
To: Evan (943 )
From: M Vavolizza Friday, Aug 6 1999 1:58PM ET
Reply # of 1381

Evan - I have a brochure which encapsulizes our BUSINESS PLAN and our operations, revenues, etc. If you would like it, please eMail me at EVavolizza@aol.com. I've mailed out about 20 and have gotten some nice responses.
Ranger I R ECNC


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To: Jorjenzak who wrote ()8/16/1999 6:44:00 PM
From: Jorjenzak
   of 266
 
OKAY...I am PISSED NOW!!! Just spent TOO much time on the phone with the ###### at OTCBB and the NASD OTCBB Compliance division. UNBELIEVABLE!!!

I tried to get them to tell me specifically what the filing problem was, they would bring up an issue and I would show them where they were wrong (we were both looking at the EDGAR filings at the same time): (paraphrased, a work of fiction officially but not far off from reality)

NASD: Lets look at the latest 10QSB-A....do you see any financials there....I can't find them....that is why we gave them an E...they gotta have financials.

Jor: Let me look here....they always put them way at the end....here it is.....Statement of cash flow.....they are all at the end.

NASD: Oh.....okay...well.....they filed an 8K saying their accountant resigned. Now they don't have an accountant. That's a red flag and that is why we put the E on.

Jor: But right here below that in that same 8K is the note that they hired a new accountant effective the very next day. They do have an accountant.

NASD: Yeah...but they got no 10Q on file for the second quarter...just one for the first quarter...they need to get that filed.

Jor: As I understand it they elected to change from fiscal to calendar year in June and pursuant to your own Rule 13(a)10 they don't have to file until August 15.

NASD: But they needed to file an 8K showing that they changed from fiscal to calendar year....where is it....there are only two 8K's here and neither of them show that.

Jor: Oh.....well you are right. I could have sworn I saw it somewhere in the filings. Thank you for your time.

Then DUMBASS me remembered I didn't refer to the filings under BETT...and there was the missing 8K...done at the time of the merger and switch to Nevada. I called the ##### back...

NASD: Hi.....what can I do for you?

Jor: Well I found the missing 8K....it is under Betting, Inc. BETT which is what the company was under prior to June 1999. Take a look, it has the change over info and the change from fiscal to calendar year.

NASD: Well....its 3:40 pm on a Friday...we are not going to get this fixed today....they just need to get their filing in and that will take care of it.....its like a cold...you can't make it go away....it just takes care of itself.

Jor: (Realizing my stupidity for even trying and that I NEVER got a straight answer on what the filing problem was and never would) Okay...well I am sorry to bother you, I just wanted to verify what the company was telling me so I could be sure I was not confused, they were not confused and that I wasn't getting scammed here. Have a nice weekend. (DUMBASS....which I did not say but wanted to)

This is impossible. They are supreme and we can't make them do anything or commit to even what the problem is. Tom has a real battle on his hands....the proverbial tar baby...they more you struggle the more you get stuck.

Let's try this for fun. Take a moment to support your company and to abuse these idiots...Call 301-208-2802 and ask to talk to a compliance officer about what specifically ECNC is lacking in SEC filing that prompted and justifies the E. TIME TO PULL TOGETHER AND ASSERT OURSELVES THREAD. We CAN make them regret this mistake and how they are handling it. GIVE EM HELL!!!! Be polite but assertive.

Report your experiences back here. We will either have some more fun stories....get something done...make them so tired of us they drop the E just to make us go away...or change their number.

Here is the filing showing the change to calendar year....

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 1, 1999

eCONNECT
(Previously known as Betting, Inc.)
(Exact name of registrant as specified in its charter)

Nevada
(State or jurisdiction of incorporation
or organization)

33-68570 .
(Commission File Number

43-1239043 .
(I.R.S. Employer Identification Number

31310 Eaglehaven Center,
Suite 10,
Rancho Palos Verdes, California 90275
(Address of principal executive offices) (Zip Code)

Registrants telephone number: (310) 541-4393

Betting, Inc.
(Former name or former address, if changed since last report)

ITEM 5. OTHER EVENTS.

On May 17, 1999, an Agreement and Plan of Merger between
Betting, Inc., a Missouri corporation, into Betting, Inc., a Nevada
corporation, was executed by an authorized signatory of each
company. At a duly called meeting of shareholders on May 21, 1999,
the merger of the two companies was approved by a majority of the
shareholders appearing in person or by proxy. On June 1, 1999,
Articles of Merger were filed with the Nevada Secretary of State,
which formally resulted in the redomicile of the registrant to the
State of Nevada.

On June 2, 1999, pursuant to a resolution of the Board of
Directors of the registrant, dated May 28, 1999, a Certificate of
Amendment of Amendment to Articles of Incorporation was filed with
the Nevada Secretary of State changing the name of the registrant to
eConnect.

ITEM 8. CHANGE IN FISCAL YEAR.

The fiscal year of the registrant changed upon the redomicile
to the State of Nevada on June 1, 1999. The new fiscal year end will
be December 31. The report covering the transition period (September
1, 1998 to December 31, 1998) will be filed on Form 10-KSB within 90
days from the date of change.

GO THREAD!!!

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To: Jorjenzak who wrote ()8/16/1999 6:45:00 PM
From: Jorjenzak
   of 266
 
NEWS!!!!!!!!!!!!

Friday August 6, 3:30 pm Eastern Time
Company Press Release
eConnect States ''E'' Designation After Symbol is Incorrect
LOS ANGELES--(BUSINESS WIRE)--Aug. 9, 1999--On Aug. 2, 1999, eConnect (OTC BB:ECNC) was notified that it was subject to having an ''E'' placed after its symbol on Aug. 6, 1999, due to an alleged failure to file a Form 10-QSB for the quarterly period ended on May 31, 1999; this has, in fact, occurred Friday.

Such a listing will result in the company's shares being delisted from the National Association of Securities Dealers Inc. Bulletin Board as of Sept. 7, 1999, if the said quarterly report is not filed with the Securities and Exchange Commission prior to that date, as requested by the NASD.

Management believes that it is currently in full compliance with its public company reporting requirements. At a duly called annual meeting of the company held on May 21, 1999, the shareholders approved the merger with a Nevada company of the same name for the purpose of redomiciling the company to that state, which also resulted in a new calendar fiscal year for the company.

This merger became effective on June 1, 1999, upon filing Articles of Merger with the Nevada Secretary of State. A form 8-K reflecting these changes was filed with the Securities and Exchange Commission on June 2, 1999. Shortly thereafter, a copy of this Form 8-K, along with a cover letter, was filed with the NASD Bulletin Board in Trumbull, Conn. (as the rules of the Bulletin Board require).

The NASD Market Qualifications Department in Washington, D.C., is now claiming that it was not notified of the fiscal year change by the Connecticut office.

Rule 13a-10 under the Securities Exchange Act of 1934, which governs such a change in fiscal year, states in part as follows:

''Every issuer required to file quarterly reports on Form 10-Q and Form 10-QSB pursuant to 13a-13 of this chapter that changes its fiscal year end shall:

1. File a quarterly report on Form 10-Q and Form 10-QSB within the
time period specified in General Instructions A.1. to that form
for any quarterly period (except the fourth quarter) of the old
fiscal year that ends before the date on which the issuer
determined to change its fiscal year end, except that the issuer
need not file such quarterly report if the date on which the
quarterly period ends also is the date on which the transition
period ends; ...

3. Commence filing quarterly reports for the quarters of the new
fiscal year no later than the quarterly report for the first
quarter of the new fiscal year that ends after the date on which
the issuer determined to change the fiscal year end; ..."

It is the position of the company that the determination to change the fiscal year was made on May 21, 1999, at the annual meeting. Therefore, under said Rule, the Form 10-QSB for the quarter ended on May 31, 1999, is not to be filed, and the Form 10-QSB for the quarter ended on June 30, 1999, is required to be filed (this report is now being prepared and will be timely filed no later than Aug. 16, 1999).

The company has relayed the above facts to personnel of the NASD Market Qualifications Department. The company has been informed that the SEC is reviewing this matter and should inform the NASD of its decision shortly. The company will file a Form 10-QSB for the quarter ended on May 31, 1999, if required by the SEC, in order to prevent such delisting.

--------------------------------------------------------------------------------
Contact:
Carnegie Cooke
Anita Goldberg, 800/262-2331 (Investor relations)
or
Prima Capital
Elias Argyropoulos, 800/600-8599

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To: Jorjenzak who wrote ()8/16/1999 6:49:00 PM
From: Jorjenzak
   of 266
 
Message 10876209

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To: Jorjenzak who wrote ()8/16/1999 6:50:00 PM
From: Jorjenzak
   of 266
 
URGENT and GOOD

Tom just called - 4:25 pm est - Brian Faulkner, our attorney confirms his conversation with the SEC: The S E C admitted a bureaucratic faux pas, an error. This explication will be found on the otc/bb site with an addendum that the E shall be removed Wednesday or Thursday.

Manny Vavolizza
Director of Wall Street Relations
ECNC

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To: Jorjenzak who wrote ()8/16/1999 6:51:00 PM
From: Jorjenzak
   of 266
 
To: Howard H Bouch (1051 )
From: M Vavolizza Monday, Aug 9 1999 8:46PM ET
Reply # of 1381

Tom feels Rogel will be a very active part of the implementation of the eGate division. Again if you were to ask me how to summarize the entire modus operandi of this company, I would say the goal is the "totally safe (encrypted) transportation of money which we call
P E R F E C T. This is where a Rogel will come in as we expand!


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