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

To: LORD ERNIE who wrote (1638)	8/22/1999 6:35:00 PM
From: Matt Brown	Read Replies (1) \| Respond to of 18222

GOtta give Tom credit for one thing.... He's a smart cookie...I was reading through the filing and saw that he (ETT) has the option to buy approx 14 million shares of ECNC @ .30 IF! ECNC trades at $3 for 20 days straight..interesting. Wonder who wrote that! <G> Calculated in accordance with Rule 457(c): The average of the bid and asked price as of August 18, 1999.PART I. INFORMATION REQUIRED IN PROSPCTUS PROSPECTUS eConnect 61,000,000 Shares * Common Stock Offering Price $0.19 per Share eConnect, a Nevada corporation ("Company"), is hereby offering up to 61,000,000 shares of its $0.001 par value common stock ("Shares") at an offering price of $0.19 per Share on a delayed basis under Rule 415 pursuant to the terms of this Prospectus for the purpose of providing working capital for the Company. I thought they were a Missouri company? (sorry, I may have missed something..been slogging thorugh this thousand page filing and saw so many dang name changes...) Don't like this deal. They have lowered the PAR value... What is Ian Grey doing? I thought he was supplying finances...Why do they need to issue 61 million shares here? If ECNC issues all these shares, we'll be WAY! over 100 million outstanding with ZERO revenues. That will make the stock look like a scam and it will immediately dive. You all know the story (if this is all true) and new investors (the guys that will pay more for the stock than you did) don't want to read 3000 posts on the story of ECNC..They'll look at the rumor and numbers.... So! How many shares are going to be issued here? What is Ian Grey doing for the financial side? FM