To: nokomis who wrote (88125 ) 3/13/2000 11:49:00 AM From: vagabond Respond to of 120523
Just FYI: ECNC trading has been halted by the SEC -- not just for the day, but for two weeks (from last Friday, so trading resumes March 24-th -- IF the SEC says okay)... ============================= Los Angeles, California, March 13 (Bloomberg) -- Trading in eConnect Inc. was halted for two weeks by the Securities and Exchange Commission, citing questions raised about the accuracy of the company's press releases. Shares of the Los Angeles company, which owns Internet auction sites, soared from 45 cents this year to last week's high of 21 7/8. It fell 4 1/2 Friday to 10, on trading of 18.9 million shares. The SEC is looking into eConnect's claims to have a license with hand-held computer maker Palm Inc. and an alliance with a Florida brokerage for electronic transfers of cash into trading accounts. The SEC also is examining the amount of revenue the company claims one of its Web sites generated. The halt took effect at 9:30 a.m. and will continue until 11:59 p.m. on March 24. ------------------ Monday March 13, 11:36 am Eastern Time SEC suspends trading in UN Dollars, eConnect WASHINGTON, March 13 (Reuters) - The Securities and Exchange Commission on Monday suspended trading in UN Dollars Corp. (OTC BB:UNDR.OB - news) and eConnect (OTC BB:ECNC.OB - news) through March 24 citing questions about the accuracy of publicly released information. UN Dollars, a Jacksonville, Fla., company, closed on Friday at $1 a share while eConnect, of San Pedro, Calif., finished at $10 per share. They both trade on the Bulletin Board. There have been questions about contracts entered into by UN Dollars as well as funding sources claimed by the company, and possible artificial manipulation of the market for its stock, the SEC said in announcing the suspension. UN Dollars could not immediately be reached for comment. The SEC halted trading in eConnect because of a purported PalmPilot license arrangement, a strategic alliance with a brokerage firm to distribute one of eConnect's products, and the amount of revenue reportedly generated by one of the company's Web sites. eConnect, located at econnectholdings.com , did not immediately return a telephone call seeking comment.