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

To: buffaloha who wrote (6977)	3/14/2000 3:38:00 PM
From: Fundamentls	Read Replies (2) \| Respond to of 18222

That is the most idiotic post I have seen by someone who almost soundsd intelligent. issued or authorized is essentially the same Not where I went to business school, or in any finance or accounting textbook I've ever seen. Why do you think they always report the two numbers, one authorized, one issued/outstanding, right next to each other, and almost always substantially different? Because they're one and the same? I ignored your point about the float because it wasn't relevant to my point, which is that it looks to me like ECNC is playing fast and loose with reporting. Float is the number of freely trading shares and has nothing to do with issued or authorized (although it cannot of course exceed them). How many shares are authorized is easy to determine whether or not the company is even reporting, you call the secretary of state in the jurisdiction of incorporation and they'll tell you. Knowing how many is issued is much more important in valuing a share -- because the value of the share is the value of the company divided by the number of shares issued (adjusted for shares issuable upon certain dilutive events). It matters not how you establish the company valuation (I agree P/E isn't relevant with startups), but however you do, ya gotta divide by something. The company is required by security laws to keep shareholders up to speed on any material changes in that "something." There is a finite number [of shares]. 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. Sorry, "sky high" divided by 158 million or 200 million is still less than "sky high" divided by 128 million. If you really think otherwise then you deserve whatever you get with ECNC.