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

To: Jorjenzak who wrote (2155)	9/10/1999 4:16:00 PM
From: M Vavolizza	Respond to of 18222

The following is in response to a question on the R B THREAD regarding 200 mil shares in ECNC. The information has been culled directly from an astute lurker: By: WallStreetRange Reply To: 2824 by rippa2r Friday, 10 Sep 1999 at 4:12 PM EDT Post # of 2833 Authorized Shares: How's this for an answer from a lurker: Authorized shares is simply a housekeeping measure and has no impact on the shareholders (dilution, etc.). The only thing that is significant is shares outstanding. Many explosive growth companies like to keep shares authorized so that they can move more quickly if an opportunity such as an acquisition arises. Remember, with the 60 million plus outstanding and the 61 million shelf registration and only 100 million shares authorized, this housekeeping had to be done now. Having some extra shares authorized is just standard business practice. Mr. Hughes is a big shareholder in the company. I know that he can be trusted not to use shares foolishly, because he would be harmed by that more than anyone. Manny Vavolizza I R Wall Street ECNC (Voluntary Disclosure: Position- Long; ST Rating- Strong