SI
SI
discoversearch

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 : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: allii who wrote (36163)3/13/2000 12:15:00 PM
From: allii  Read Replies (1) | Respond to of 150070
 
ECNC...halted trading.

03/13 09:45 SEC SUSPENDS TRADING IN UN DOLLARS <UNDR.OB>, ECONNECT <ECNC.OB>
THROUGH MAR 24

WASHINGTON, March 13 (Reuters) - The Securities and Exchange Commission on Monday suspended trading in UN Dollars Corp. <UNDR.OB> and eConnect <ECNC.OB> 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.

((Peter Ramjug, 202-898-8399))

COPYRIGHT ¸ 1999 REUTERS LIMITED. ALL RIGHTS RESERVED.