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

To: buffaloha who wrote (6995)	3/14/2000 10:45:00 PM
From: Fundamentls	Read Replies (1) \| Respond to of 18222

Clearly we have a difference of terminology, although to my knowledge "float" is not a legal term but a stock analysis term, and its definition is quite different than you seem to believe -- hence my misinterpretation of your intent. Float has various definitions I have found but most of them relate to freely trading shares, roughly defined as total shares issued/outstanding, less those held by insiders (the latter concept defined in various ways). You seem to be defining it as simply shares issued/outstanding, something I have never seen before. In any case, I stand by my belief that ECNC management seems to have played it fast and loose in terms of telling shareholders what they actually issued or intended to issue (I am not referring to what they were authorized to issue). To do so is not permitted of a publicly reporting company; any material changes must be reported promptly (as well as in quarterly reports). 40 million shares is material in a company that has only told us about 129 million. You may play with semantics if you wish, I am focusing on an issue that has the appearances, in my experience, of fraud. Fund