Zagdad,
I'm well aware of potential. There's always "potential" for any business idea. It comes down to execution. It also goes to feasability.
In my opinion, the reason that ETLC has not been able to launch their system, and why it may face obstacles in running this product successfully, has to do with several issues.
1.Why can a person not get a credit card? Often the answer lies with the inability to get a line of credit. If they cannot pay a credit card bill, phone companies may have a hard time being willing to extend another $60 a month to a customer who may also have trouble paying his/her normal telephone bill.
2.Which phone companies are signed up to handle this feature? As of now, I have not heard of ETLC signing on with either AT&T, Verizon, IDT, or any of the other various phone companies. I think those companies need to be sure their interests are protected. Yes, they can simply shut down the service. But all told, they still have to be paid for what they bill customers.
3.If a customer does not pay, what recourse do the phone companies have to be reimbursed? I know in the filings ETLC states they have a small pool that will handle collections-related issues, but there is no history behind this to support the ability to handle large-scale collections matters, or to show that ETLC can handle large-scale payments back to phone companies who utilize the service and are not paid.
4.What other security measures are there to prevent someone from fraudulently making a purchase using another person's phone number? That is something I don't believe has been discussed. Purchases aren't always made from the home, and I'm sure ETLC wouldn't shut out a customer from using the service if they're on vacation or even at a friend's house.
Zagdad, the idea is a wonderful one. It's one easy way to pay bills, the same way that the credit card has become an easy way for many of us to handle our daily lives. And I think that if ETLC can prove to the public that there are concrete methods in place to overcome these obstacles, it will work in their favor. But right now, there is no merger, they have very limited resources, and as the filings state, are issuing shares to stay in business. That is the fact as of now.
And as for companies getting off the Pinks and going to the BB, yes, those who file their proper forms can get off of the Pinks. But many, just the same, are only current in filings, but never financially viable long-term to survive with any real growth. Others still end up falling back into the pinks, too.
I'm not here to attempt to make anyone "see" anything a certain way. I'm just offering my opinions about things based on the things that have been presented to me, the filings, and the actual actions the company has taken, including signed deals and agreements, not just things that we are told "will" happen in the future.
Futures are always bright, Zagdad. But it is those who actually can realize that future that are rewarded. If ETLC does those things correctly, that will happen. As of now, it has not happened.
That is my opinion.
Happy trading.
News 
Market Data 
Discover 
