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

To: gerard van de brug who wrote (3464)	11/8/1999 4:14:00 PM
From: dkgross	Respond to of 18222

excellent jer...

To: gerard van de brug who wrote (3464)	11/8/1999 4:40:00 PM
From: SCOOBEY-DO	Read Replies (3) \| Respond to of 18222

The Inc. Magazine November 1999 issue gave a list regarding a board of directors as follows: The ABCs of building a great board The legal side is simple ECNC already has a board set up. Scheduling rules are flexible If a company is growing fast or facing a range of complex business issues, the company may want to meet as often as every four to six weeks. For very young or mature companies, quarterly meetings will probably be adequate. Size can kill. Don't load up the board with so many people that nothing ever gets done. A good rule of thumb: Five to seven well-qualified members is all you'll need. Compensation really matters. To attract the best team to the company, be prepared to pay for travel expenses (so that the company won't be tied only to local talent), a token stipend (up to $1,000 per meeting), and a small stock-option package, it that's appropriate to the companies industry and growth plans. Professionalism is essential Once the company sets up a top-quality board, treat its members accordingly. That means holding meetings as scheduled, promptly reimbursing them for expenses, keeping accurate minutes of meetings, and otherwise doing everything the company can to help the board work well for the company. IMO, A good board of directors is critical to ECNC's success. We need to be heard regarding the selection of the next eConnect board or directors. I am interested in everyone's thoughts. Scoob

To: gerard van de brug who wrote (3464)	11/8/1999 10:16:00 PM
From: Ronald P. Margraf Sr.	Read Replies (1) \| Respond to of 18222

Evening Jerry, First of all let me point out that I raised the question months ago about a board of directors. Sometimes to much power in one persons hands can be overwhelming. I think that there is a definite need for a board. If we had one earlier we might not of gotten ourselves into that mess with the Canadians. But that is all history. The company is embarking into new ventures, exciting stuff. Potential is enormous. Decisions are going to have to be made and they have to be done without personal emotions. Just like buying into a company. I like to consider myself a partner to Tom, not an investor. Anytime I sink money into anything, I am a partner wether I want to be or not. I have a personal interest in this company and what the out comes are. When denied that, I go somewhere else and pull my monies out. Now I'm not saying I want input in the day to day running, I just want to be heard when I'm troubled by the actions of the company. The directions that it may or may not go. We all buy into something for many reasons. Some for profit, others for the business side of it. I'm here for both. Being an investor in a company is a tricky business. Especially when they are small like ECNC, Getting off the ground. I've been in business and I know what trials and tribulations there are. It easy to sit back and be a back seat driver, telling and saying what the company can and should do, but unless you are on the inside, knowing what is going on, day in and day out. It is really tough to make a good judgement call. We as investors make that decision when we buy stock. Wether it be for the long haul or the short term. We put that trust in the officers of the company. Unfortunately we don't have any officers. Just Tom. So we have to do with what we have. Not saying that there is anything wrong with Tom, all I'm saying is that he needs help. Help in running the business. If this road show is half of what is expected, 17mil. shares will be a drop in the bucket. Folks are worried about the amount of shares out there. That's nothing if this show is a success. You won't be able to hang onto your shares. We got this bagged in the short term. Long therm, it won't belong before the powerhouses get into it. Like TRW, ect. Tom's looking to capture 40% of the market. The potential is there. When this comes out of Beta testing and if it is a success, you won't be able to place the devices fast enough let along handle the business. Everyone is looking for simplicity and efficiency. We got it and Tom knows it. Otherwise he wouldn't be out there promoting it. But Tom needs help. The company needs a BOARD OF DIRECTORS, to help him out. To spread the work load out. That I will agree with everyone on this thread that has mentioned it. This has far reaching applications then Tom can/could imagine.;-)))) I can see just myself where this could go. So Jerry, I have given this much thought. I'm in this deep, from the .11 to the .55 range and I could of sold out my lower shares and made a handsome profit. But I'm not. I see this from a personal view and not the technical side, this at 1 or 2 by Christmas if everything goes right. And remember, 17mil. share will just be a drop in the bucket.;-)))) All this nonsence about pulling in the shares. If you got the product, 17mil. share won't be enough to satisfy the demand. Well now that I've beaten your ear. I'll say ado.;-))))) Catcha on the upside, Ron

To: gerard van de brug who wrote (3464)	11/9/1999 8:41:00 AM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 18222

Hi Jer, Also, it would/could steer the shareholders to lend their vote of support to the individual(s) who might vie for a position on the board. I for one could readily support an individual who has a proven, empirical comprehension of market mechanics since this would be an asset to the board. I don't think that we should have a person that understands the stock market on the ECNC board. IMO, we should have a seasoned banker and broker on the board since we are going for the banking and brokerage business. Even someone from a utility company would be good. They would have to be at the top of management in their industry, with high grades from their college. Also, someone that has moved up by moving to different companies, where they gained more knowledge. Interest in your thoughts. Scoob