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


To: Jorjenzak who wrote (3673)11/18/1999 11:37:00 AM
From: Mac S. Giballa  Respond to of 18222
 
JoJo- Your losses are widening again!!! Everyone else is getting rich on NASDAQ, and you're losing big!!!



To: Jorjenzak who wrote (3673)11/18/1999 3:17:00 PM
From: SCOOBEY-DO  Respond to of 18222
 
Glad that you clarified your reference to a chicken, I wondered what you meant.

Did you read through the 10-Q? The only interesting thing that I was not aware of was the 100% wholly owned name of the ECNC company that owns 777WINS. The following is from the 10Q:

5. Acquisition.

The Company acquired a 100% interest in Rogel Technologies
(May 1999) and Isla Escondida (September 1999), a Costa Rican
corporation doing business as "777WINS"; a 33 1/3% interest in
Cash 2 Trade (September 1999) and the asset "The Art Auction"
(September 1999).

Following are the unaudited pro forma revenues and net
income (loss) fro the above companies and assets:

NINE MONTHS ENDED
September 30 September 30
1999 1998
Net Net
Income Income
Revenue (Loss) Revenue (Loss)

Rogel Technologies $ 370,000 $(112,000) $126,000 $ 4,011
Isla Escondida 900,000 338,000 - -
Cash 2 Trad - - - -
The Art Auction 210,000 45,000 - (24,000)
$1,480,000 $ 271,000 $126,000 $(19,987)


First time I heard of Isla Escondida (IE). Please don't get excited about the 900,000 in revenue. I believe that ECNC said that they will start reporting IE's revenue as of November. Revenue is projected as $100,000 / month.

Everyone, read the 10-Q for your self. Please don't that my word for it.

Scoob