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


To: Ken O'Connor who wrote (6956)3/14/2000 11:58:00 AM
From: Craig Bartels  Respond to of 18222
 
Let me remind you of another "notch" to put in your belt:

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.