ECNC (OTC:BB) - eConnect Message Board

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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect

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To: Jorjenzak who wrote (2766)	10/6/1999 12:52:00 PM
From: DaiTN	Read Replies (3) of 18222

Thank you for your response Jorj; however, I need facts, not opinions. 1) No CEO in their right mind would borrow money to buy back the stocks, especially when ECNC is planning to issue more shares for cash. No one will give Tom the money for free. So, whether Tom get the money in the form of a loan or equity, the dilution is still there. ECNC can only reverse the dilution if it uses the extra cash generated from profit to buy back the stocks (which there are none at this time or the next 3 months). If Tom can get money from the Aussie to buy back the stocks on the open market, he might be able to reduce the float, but not the dilution. 2) If ET&T did buy back shares, it was at chump change. Not the 2M dollars as announced. 3)Regarding the $8M payment to ET&T, it was clearly stated that they were for the PERFECT devices (hardware) at $2M each X 4 devices. Being the host bank, ET&T will make big bucks from the processing, so I have to disagree with your opinion.

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