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

To: LORD ERNIE who wrote (6921)	3/14/2000 7:02:00 AM
From: Fli-by	Read Replies (2) \| Respond to of 18222

Just what I'm doing. We will prevail. If we don't it won't be because of tony. Fli

To: LORD ERNIE who wrote (6921)	3/14/2000 9:04:00 AM
From: StockDung	Respond to of 18222

Econnect Halted by SEC, Citing Questions About Claims Los Angeles, California, March 13 (Bloomberg) -- Trading in eConnect Inc. was halted for two weeks by the Securities and Exchange Commission, citing questions about the accuracy of the company's press releases. 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 Empire Financial Group Inc., a Florida brokerage, for electronic transfers of cash into trading accounts. A Palm spokeswoman said the company is unaware of any relationship with eConnect beyond a standard developers agreement available to anyone for downloading from Palm's Web site. 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. As of Sept. 30, the date of its most recent financial statement, eConnect had current assets of $44,646, compared to current liabilities of $734,949. EConnect last year said it operated 'the world's largest on- line or off-line exclusive sports memorabilia auction' at www.econnectauction.com. The site, which it said had 15,000 pre- registered users, now has zero items listed for sale. SEC Questions In September, eConnect said it acquired another auction site, called www.theartauction.com, with 14,000 registered customers. The site isn't currently operational. Today's action wasn't the first time the SEC raised questions about the information being disseminated to investors by eConnect. Last March, the SEC sued eConnect for failing to make current and accurate information available to investors. The suit came after the company failed to file annual reports for two years and missed filing four quarterly reports. It settled the case by admitting the reports hadn't been filing, and subsequently filed them. Though eConnect has been popular with small investors, the rise in its share price has fueled more than $1 billion worth of stock transactions in the first eight days this month. The average trade was about 1,000 shares, according to Bloomberg analytics. No Wall Street analysts cover the company and investors turned to the Internet for information. Numerous postings about the company were made on Internet message boards -- more than 50,000 on Ragingbull.com and 10,000 on Techstocks.com. That prompted the SEC's enforcement division to announce the trading halt on those sites. ``We posted the halt there because there's been a lot of discussion about the stock on the boards,' said Lisa Gok, assistant regional director in the SEC's Los Angeles office. Neither Thomas Hughes, eConnect's chief executive, nor Elias Argyropoulos, its corporate publicist, was available for comment on the halt. Argyropoulos is a former stockbroker who was banned from the brokerage industry in 1995 by the National Association of Securities Dealers for stock ``manipulation' and unauthorized trading in customer accounts. Mar/13/2000 18:18 For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: LORD ERNIE who wrote (6921)	3/14/2000 9:07:00 AM
From: StockDung	Read Replies (1) \| Respond to of 18222

Administrative Contact: Dow, John (DE2339) bayagele@YAHOO.COM Stoneybrook Investments18 Mopan StBelize CityBZ 36-24-55-67 Registrant:Unicorn Media (THEARTAUCTION-DOM) 6350 Laurel Canyon Blvd Suite 300 North Hollywod, CA 91606 US Domain Name: THEARTAUCTION.COM Administrative Contact: Dow, John (DE2339) bayagele@YAHOO.COM Stoneybrook Investments18 Mopan StBelize CityBZ 36-24-55-67 Technical Contact, Zone Contact: Gadea, Alex (AG269) alexgadea@VIRTUALSCAPE.COM Virtualscape, Inc. 127 West 26th Street, 3rd FloorNew York, NY 10001 (212) 624-5100 (FAX) (212) 624-5101 Record last updated on 16-Jul-1999. Record created on 27-Apr-1998. Database last updated on 13-Mar-2000 18:25:02 EST. Domain servers in listed order: DS1.VIRTUALSCAPE.COM 209.213.96.2 DS2.VIRTUALSCAPE.COM 209.213.97.214