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

To: JIM FEN who wrote (6017)	3/11/2000 2:08:00 AM
From: Bear Down	Respond to of 18222

A few notables from a filing of ECNC's that can be found here tenkwizard.com The Company issued 1,000,000 shares of restricted common stock to Thomas S. Hughes during May 1997 in exchange for service rendered to the Company. The Company did not receive any cash consideration for this common stock issuance (3) On February 18, 1997, Leggoons, Inc. entered into an Agreement to License Assets from Home Point of Sales, Inc.("HPOS") (now know as Electronic Transactions & Technology - ET&T is a privately held corporation 70% owned by Thomas S. Hughes, President of the Company The License Agreement also provides that in the event that the bid price for the common stock of the Company is more than $3.00 per share for any twenty consecutive day period, then HPOS shall have the option to purchase up to 13,822,000 additional shares of the Company common stock at an exercise price of $.30 per share.