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lucky, mydog

03/30/01 6:07 PM

#2432 RE: jarta #2431

jim, sounds like you're on to something. how come everyone hughes deals with end up being "bad guys"? anyone ask ski? she seemed tight with egan.

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lazy_v

03/30/01 8:41 PM

#2434 RE: jarta #2431

Hello Jarta
(JMHO) Sounds like to me everybody wants to run their own company and that they will sublease the licenses on the tec and cut econnect san pedro in on the action/per transaction I don't think its a falling out I think they Smell lots of Money and want a Bigger Piece and More Control.
Maybe Tom is not mentioned because sitrick not around!!@#$^%$#@!

ECNC will eventually just be a paper holding company receiving license fees and royalties, which is not to bad when and if hey ever get started...

Again, JMHO
Take Care and Good Luck!

v_

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Tradewinds

03/31/01 12:53 PM

#2435 RE: jarta #2431

I just had to put my 2 cents in.

"Why are all these things happening? Another Safetypay-Hargens style falling out with Tom? Let's hope it isn't so."

There may be no way to know (yet) what's going on with eConnect Caribbean, but there is a recurring patern regarding Tom's working relations hitting the rocks.

A few examples.

Some of Tom's orginal patents were issued to Tom and Gus Molina, Gus being the young engineer that Tom hired in the early 90's to develop the original "Infinity" terminal (which became the "Paymaster", which became the "EZ Depot", which faded from sight as Tom forgot about kiosks and focused all his energies on the Internet...)

Anyway, as of 2-3 years ago, Gus said that he felt very bitter towards Tom, felt that Tom had never paid Gus money that he was owed for buying lab equipment etc. for the project, and Gus believed that Tom had sold his rights to the patent and had no right to license it to ET&T or eConnect.

In 1997 (?), Tom struck a deal with a fellow named Jim Torres. Jim invested a chunk of money in ET&T, and became active in management (President?). Jim and Tom quickly had a falling out, eventually Jim filed a lawsuit. A quiet out-of-court settlement occured in 2000?

In 1999, the SafeTPay fiasco.

Also in 1999, threats of lawsuits flew back and forth over the "Thundergo" software deal that was announced but led nowhere. That was a falling out between Tom, Paul Egan, and someone in Chicago named Bob Jeddick. I don't recall hearing of any resolution.

Now, it looks like Paul Egan is distancing himself from Tom as fast as possible.

It's the same story over and over. Peple find that they can't work with Tom, and/or they feel that they've been taken advantage of, and they walk away.