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

To: SCOOBEY-DO who wrote (876)	8/5/1999 11:02:00 AM
From: Mr Metals	Read Replies (1) \| Respond to of 18222

What seems to be this stocks problem?..Great story yet she keeps tanking:-( MM

To: SCOOBEY-DO who wrote (876)	8/5/1999 11:11:00 AM
From: M Vavolizza	Read Replies (2) \| Respond to of 18222

Hey Scoobey, Yes, the darkest hour is just before dawn. There will no doubt be a residual reverberation today unfortunately, and FRIDAY E watchers will wait till tomorrow to verify that the E is not there. Since Friday is usually such a "boring" day in the summer market, we might have to wait till Monday to see the first bounce back. Manny :-)

To: SCOOBEY-DO who wrote (876)	8/5/1999 2:24:00 PM
From: Jorjenzak	Read Replies (1) \| Respond to of 18222

MUCHO RELIEFO...man. Got a voice mail phone message from Tom, details are as suspected...NASD has its head firmly inserted and missed out on the fact ECNC changed from fiscal to calender year. Last 8K was timely, next filing not due until 8/15 but he plans to file by 8/9...they are advising NASD that if the E goes on Friday they will sue. ECNC Attorney's are on it. We can't stop the NASD but we can sure get their attention soooooo...if you hear a big, wet stinky POP you will know NASD has removed its head from its ###...Friday will be interesting. Will keep everyone posted as I am....trying to get in touch with Hackman's office for details per Tom's permission.

To: SCOOBEY-DO who wrote (876)	8/5/1999 3:06:00 PM
From: Jorjenzak	Read Replies (1) \| Respond to of 18222

Spoke to ECNC's lawyer, he confirmed full compliance per rules and that the glitch is due to NASD's failure to understand Rule 13(a)(10) regarding the election to change from fiscal to calendar year before the May filing was due. The rule basically says you instead file during the next filing period...which is why it is not due yet. The next filing will be through June 1999 not May. He has explained this to NASD and bounced through several people. Working with the ombudsman now. I RETRACT all prior statements about a lawsuit to be filed if not fixed b/f Friday. sorry.....attorney advised upon my questioning that he thinks NASD is immune....have to follow other grievance procedures. Tom is just so PISSED that he wants to sue. I don't blame him. May know more before tonight. The attorney promised to advise when he spoke to the ombudsman again today...was getting ready to call her. Bottom line is they are going to kick, scream and fight NASD to fix it and if NASD refuses to understand and follow their own rules the accountant can back up the report to be for May and get it filed long before the 30 days runs for delisting. It WILL be fixed soon one way or another. This is public information the company wants the shareholders to have a soon as possible. FYI