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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect -- Ignore unavailable to you. Want to Upgrade?

To: sks1 who wrote (35)	6/28/1999 2:07:00 PM
From: Fli-by	Respond to of 18222

sks1 Why don't you call 310-514-9482. This is the new eConnect # given to me today. Fli PS> Rex from Tom's office called me this morning after my call to them and told me to just e-mail or fax a statement that the transfer was in the works. I am sure if Tom said this; his word is good by me. eom.

To: sks1 who wrote (35)	6/28/1999 2:14:00 PM
From: Jorjenzak	Read Replies (1) \| Respond to 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.

To: sks1 who wrote (35)	6/28/1999 5:26:00 PM
From: SCOOBEY-DO	Read Replies (2) \| Respond to of 18222

Hi sks1, Excellent question. I am waiting for a reply from Tom. Since my ECNC shares are in IRA, I was very happy to hear the offer. You are correct that there may be shareholders with ECNC shares in IRA accounts, that do not use a computer and/or are not aware of the various stock threads. These shareholders may not be aware of the warrant offer to take advantage of it. I will post Tom's reply ASAP. Scoobey