SI vs. iHub - Battle of the Boards Message Board

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Pastimes : SI vs. iHub - Battle of the Boards

INSP 86.70

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To: marcos who wrote (617)	4/15/2001 4:04:09 PM
From: smchan	Read Replies (2) of 1100

Hey, i'm a 'Dude out of Canada' Ever seen the South Park movie? "Blame Canada"... enough said. :-) 'ECNC' - never heard of it .. anybody got details? One of the better scams and better shorts of last year. I was first alerted by my uncle who went long at $10. I did my dd and found their "product" to be a complete joke. Someone started busting Tony's chops over ECNC and he started shorting from 16. The stock peaked at 20 and then news of irregularities started rolling out. The CEO had been in trouble before, their auditors quit, and reports of falsified press releases (partnerships that didn't exist, etc). Bottom line is the SEC halted the stock for a while and it opened many days later around a buck. My uncle was caught in this scam as his broker was going on and on about it being a $100 stock. (I tried to get him out of it before it was halted... he didn't listen.) If Matt of iHub was really involved in hyping ECNC, then I have absolutely no respect for him. It only took me 30 minutes of dd to realize this company was a joke. Sam

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