Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rick f who wrote (3650)	11/16/1999 11:39:00 AM
From: jmhollen	Read Replies (2) \| Respond to of 18222

ECONNECT Form: 8-K Filing Date: 11/16/99 TYPE: 8-K SEQUENCE: 1 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 31, 1999 eConnect (Exact name of registrant as specified in its charter) Nevada (State or jurisdiction of incorporation or organization) 33-68570 (Commission File Number 43-1239043 (I.R.S. Employer Identification Number 2500 Via Cabrillo Marina, Suite 112, San Pedro, California 90731 (Address of principal executive offices) (Zip Code) Registrant's telephone number: (310) 514-9482 (Former name or former address, if changed since last report) ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. The Registrant has acquired a significant amount of assets, other than in the ordinary course of business, as follows: (a) Stock Exchange Agreement. La Empresa Ranco Plasticos Limitada, a Costa Rica corporation ("Holder"), was the owner of record of 58.33% of the issued and outstanding stock of Isla Escondida, S.A., a Costa Rica Corporation ("IE") ("Stock"). Nevertheless, pursuant to an agreement between Holder, Jamie Ligator and Michael Lanes, one- half (1/2) of the Stock is actually being held in the name of Holder for the benefit of Lanes and the other one-half (1/2) of the Stock is actually being held in the name of Holder for the benefit of Ligator. Effective on August 31, 1999, the Registrant purchased the Stock under a Stock Exchange Agreement. Under this agreement the Registrant agreed to the pay the following for the Stock: Seven Million 7,000,000 shares of free trading common stock of the Registrant, to be deposited into an escrow account with Bank One, N.A. or such other independent third party FDIC insured institution as mutually agreed to by the parties in writing. The Stock is to be held in the escrow account until released as set forth under the provisions of the Stock Exchange Agreement. Subsequently, the Registrant acquired the remaining 41.67% of the stock of IE directly from the shareholders of that company in a straight stock swap. This entire acquisition was made in connection with the transfer of ownership of the 777WINS.com gaming website to the Registrant. (b) Acquisition Agreement. Effective on September 7, 1999, the Registrant acquired the website known as "artauction.com" from PowerClick, a Nevada corporation, through an Acquisition Agreement. Under this agreement, Registrant paid the following: (a) 1,000,000 shares of free trading common stock of the Registrant; (b) 1,000,000 shares of restricted common stock of the Registrant; and (c) all of the issued and outstanding common stock of eBet.com, Inc., a Nevada corporation, which is owned by the Registrant. SIGNATURE Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. eConnect Dated: November 12, 1999 By: /s/ Thomas S. Hughes Thomas S. Hughes, President EXHIBIT INDEX Exhibit No. Description 2.1 Stock Exchange Agreement between the Company, La Empresa Ranco Plasticos Limitada, Michael Lanes, and Jamie Ligator, dated August 31, 1999 (see below). 2.2 Acquisition Agreement between the Company and PowerClick, dated September 7, 1999 (see below). Legal \| Privacy Copyright ¸1999 EDGAR Online, Inc.

To: rick f who wrote (3650)	11/16/1999 11:50:00 AM
From: M Vavolizza	Read Replies (1) \| Respond to of 18222

Rick, your question mirrors many from th eRB. Here is what I posted to Trustworthy. Also I will ask Mike R and Marc R to comment on 777WINS and the ArtAuction in addition to my bon mots: "Manny, Manny-give us something" - Well, I said to Tom this morning exactly what you said to me, Trusty. He is probably more frustrated than all of us in this QUIET PERIOD. Tom will be meeting today with Rogel to facilitate, update, etc. Of course, what they talk about falls within the "gag rule," so we won't get any info there! BTW, I guess I am allowed to convey "tone of voice," Tom sounded very, very upbeat. And, there are also some ancillary things that I can tell you about: 1. 777WINS now has its new server; Mike Reamer is the guardian of that server and checks it daily, and revenue is coming in. 2. Mike and Tom have not forgotten about Ireland. In fact, in a few months, Tom will be in Ireland...this opens up tremendous possibilities for Tom's vision of State Taxation of Lottery and Winning Wagers. 3. TheArtAuction has a new person redoing the clerical tasks; she is excellent! Her name is Angela and if you need to contact the auction, please ask for her. BTW, we still expect the floodgates to be opened to the art auction in terms of hits per day. The concept of what we have is going to be greatly expanded. This side of ECNC might surprise a lot of people...the sleeping giant. 4. VC people have contacted me as recently as yesterday, and Tom is in contact with them today.It seems people are beginning to show interest in us. 5. This week the Chicago, Philadelphia and New York presentations should wow them from the mid-West to the Big Apple. Well, Trust, That's the best I can do, But that's not so bad. In fact, I'd say it's pretty good! IMHO - manny vavolizza Director of Wall Street and Investor Relations ECNC