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

To: Fundamentls who wrote (6976)	3/14/2000 2:06:00 PM
From: buffaloha	Read Replies (1) \| Respond to of 18222

The devil is in your assumptions... First of all, yes, I clearly know the difference. The company has 200 million shares available (call it issued or authorized, it is essentially the same when you realize that is how many the company has as its outside limit for release assuming proper filings). So, the company does not have 261 million available. See, a stock can be articulated as authorized to sell from the 200 million or it could also be termed issued for available share release. The word semantics are not important. The fact is the outside limit of shares this company has regstered for available release is 200 million. The company itself has not answered to me in the past the actual float (why do you ignore this term as it obviously clarifies your misinterpretation of my post). I assume it is in the point dealing with the 61 million shares and what has actually been released to the newly hired consultants or used for other purposes. I have been reading this board for months. I know there were answers. I know there are answers, but it is simply a function of getting them. There is a lot of misinformation and confusion being caused by the "float" question and the amount actually outstanding. I believe this is in flux, and I know the company has promised to calculate the float and address it. I personally emailed Manny a bit ago and he said he would have Tom check into it and get it clarified. I have no reason to doubt this. In sum, I have no idea how many shares are actually in circulation first as restricted or insider shares and the remainder as public or float. I do get the distinctions. Always have. You are the one making the assumptions about math. Why not get the facts first. There is a finite number. It is out there. It essentially doesn't really matter in my mind because if this technology does what it says it does, then this stock will be sky high, even if it is 158 million shares on the open market. That is my opinion. You are entitled to yours. You can also check P/E on other tech companies and see it means virtually nothing. Try Redhat and tell me if that makes sense to anyone who uses conventional calculations. This is a new generation. Good luck.