Hello Guys-
I need to get my 2 cents in, odds of this going to 6 cents in the next 2-3 weeks, 80% IMHO(We have broken thru the 12 cents mark, the only people green on the long, longs) The odds of this falling below 6 cents, 50%, once we hit 6, people will start the " I'll take what I have and move on", or the "well atleast I have $$$$ dollars left". The odds of this moving up 100% or higher again, 80%, but eventually the investment community will catch on, and people will be less likley to buy into it.
The company is burning through shares like there is no tommorow(Is there?). The recient 100 million shares will be gone before the next shareholders meeting(IMHO) and they will need more. The more shares they issue, the farther below 6 cents this will drop, another 100 million wont get them through 6 months next year. What really bothers me is there failure to get this thing to work, ,meaning ATM aproval, and a definate "This thing works" from the company, not the "We wont put it out untill all the bugs are worked out" answer.
Like I have said in earlier post, people are getting used to using there credit cards on the internet, and the fear of security is getting put aside(IMHO). When this thing finally gets rolling (if it ever does) there wont be such a need for it (once again IMHO). Do I think that it is a good ideal, yes, do I think that another company will bundle a swiper with a keyboard or another device, yes, do I think that ECNC will be the one, NO.
Well that felt good, I havnt posted in so long, I almost forgot what it was like to type, back to lurking, and wishing I would have sold more of my stocks last year, and regreting alot of trades, the 5-6% for my money market is looking to bad right now........
Happy Trading,
Chris B
Market Data 
Markets 
AI
