SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sks1 who wrote (35)6/28/1999 2:14:00 PM
From: Jorjenzak  Read Replies (1) of 18222
 
sks...there is one reason, and one reason only, for this dividend and warrant incentive to be offered. To encourage shareholders who have their shares in street name to request their brokers to register the shares and have them issued in certificate form to the shareholder.

Why? To dry up the available shares which can be borrowed for the purpose of shorting. This is not the classic dividend where the company is paying out a share of profits to shareholders rather than plowing all the profit back into the company.

Tom has assured us that this is perfectly legal and done pursuant to the advice and guidance of their SEC attorneys. If you can produce some documentation that there is illegality involved in this offering, then please produce it. If you are speculating and not convinced of the assurances and explainations we have been given by the company, then please come out and make that clear.

True...this is unique and a strange type of offering. That is not a reason to declare it illegal and questionable based upon pure suspicion and speculation. Get me some facts to rebut the company's statements if you want to attack the offering.

If there is an actual problem, other than uneasiness about the reasons for it and way of doing it despite the explainations, then I am more than open and eager to discuss it here. I believe the rest of the thread feels similarly.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News