*** a closet shareholder ***

ETC has come in for such a lot of abuse lately that I didn't want to admit publically that I thought they had a potential promising business model and that I had recently become a shareholder.

Moreover, I felt that if they could get these acquistions locked down they would finally have achieved a critical mass in terms of rooms and revenue generation to build for the future.

I sent off a couple of emails seeking clarification of some concerns I had and when the answers were favourable, I decided to buy a small (in dollar terms as they are trading at less than a penny a share) parcel at 0.6c and 0.7c.

Well, things are beginning to look more promising so I might just tuck these share certificates away in the bottom draw for the next couple of months.

The upcoming quarterly report should be much better than last quarter which was an improvement on the previous quarter.

AND, the June Quarterly Report should bear little resemblence to any that have gone before.