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

To: Fundamentls who wrote (6991)	3/14/2000 4:25:00 PM
From: buffaloha	Read Replies (1) \| Respond to of 18222

Bowing to the God of Communication and Understanding... I will help you unwind your confusion... First, though, I must comment that it is wholly unfair of you to take my quote out of context. My quote was: "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)." Next, you are apparently a business person. I am legal. When I establish a corporation, I set forth in the registration statement the number of shares the company is authorized to issue, also called available shares of stock for ownership or sale. It sets the outside limit of the number of par value (usually shares). Some people call this initial registration as the authorized total shares or total authorized issuance. When I used it in reference to the total shares available for ECNC of 200 million, it meant, again, the outside number of available shares, out of which the company can again itself authorize or issue a certain number for sale or insider retention. We are talking about the same thing, only the semantics are crossing based on the establishment of the company, which the SEC filings show were increased to 200 million total that the company is authorized or in its corporate creation is issued in order to authorize and issue shares for public sale or retention. So, this may be a bit confusing to you but it explains the crossover in your assumptions. The real issue is OUT OF that 200 million shares that the company can then issue or authorize for release certain shares to the public, or calculated as float. You business people can call it what you want, I don't care, but I do know it can cause confusion that is why float is a better descriptive term for the number of shares available for the public. Stop me if I am getting too elementary here. It seems that a few months ago, the float was somewhere around 77 million shares. When the company announced that it was going to release an additional 61 million (out of the overall 200 million) in order to finance the hiring of consultants and other legitimate business (you know like a secondary offering) then we do not yet know how much of that actually made it to the market. We don't yet know how many of the consultants were in fact paid with the stock as the SEC filings advised. It could be that 158 million is the float. It could be that is the amout of total stock the company ahs issued within the 200 million, but the float is some number within that 158 million. We simply do not know. But that does not mean anything underhanded occurred as some are alleging here. We have always known the outside share limit of 200 million. This did not increase. We know by the SEC filings that within that 200 million, about 61 million were going to be used in various ways which may or may not add to the float. I personally asked Manny to address this and he said Tom will at some point try to figure it out. I am still waiting, but that does not mean at all that the company itself is not viable. It appears to be in flux. It is a new company running headlong into the quagmire of the SEC maze, competition and now shorts bent on destroying the company. I believe the ideas are fantastic. I believe the company needs seed money to get this off the ground right now at this critical point. It is doing this with its stock. This is acceptable. It was reported. People bought this with this news already out and without knowing the real float. They bought it on the great idea it is. If you are still confused about what I said, I cannot help you. Simply two different worlds: legal and business. Good luck.

To: Fundamentls who wrote (6991)	3/14/2000 10:18:00 PM
From: peter michaelson	Read Replies (2) \| Respond to of 18222

Sorry, "sky high" divided by 158 million or 200 million is still less than "sky high" divided by 128 million. I'm not sure that you can prove this Fundamentls. Perhaps sky high is a negative number, or perhaps it is an other-worldly number, or....well, I just couldn't resist lettiing you know I laughed out loud on that one. When are these ECNC guys gonna give it up. It must be very depressing to go home after a hard days work futilely promoting denial with bald-faced lies. I recommend a career change for you P&D'ers. It doesn't look fun. peter