Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Erik Lundby who wrote (8204)	3/26/2000 8:03:00 PM
From: buffaloha	Read Replies (1) \| Respond to of 18222

Actually, I would hope the company or someone sold something so they could raise the funds necessary to develop this project. Where else are the funds required to enhance the shareholder value supposed to come from? Isn't that what the stock is all about? I haven't seen any filings yet, but you could be right, I don't know. How would you know unless you get information from anthonypacific.com? All I know is I expect the technology to get going somehow. The pieces are all now in place. I don't doubt the company was promoting itself. What new company doesn't or can't? Seems they are bringing in better management to make themselves more impervious to attack by anyone on anything. I know that is a struggle for many companies. Seems ECNC is doing the right thing. Hughes needs to concentrate on the technology and getting it to market. So they hired a new COO. Good move. I don't see him running for the hills because of unsubstantiated, unproven allegations of civil fraud. As for your claim that the company should ahve released something on Empire deciding not to carry forward, I mean when did they do that? It seems the Agreement was effective on January 21, 2000 and about 6-7 weeks later, some guy calls up Empire and asks him whats the deal and he then says they had a confidentiality agreement to pursue business interests which Empire decided not to pursue. How do you even know Empire told ECNC this? And wouldn't the Empire news release require ECNC's ok? Maybe they gave Empire the OK to announce it was no longer ok. The real point is this Empire thing had virtually nothing to do with the stock runup anyway. It had to do with the IFR report, the technology passing alpha and beta testing and the projections for future revenues to help fund operations. Those are the things that made this run up in my view. So, I like you really have no information to make any assessment about whether anyone breached a fiduciary duty to anyone much less the procedures required to deal with another party to a confidentiality agreement that one side decided "somewhere along the way" not to pursue. Perhaps they decided to adopt Schwab's policy of not accepting credit card payments for accounts. You know, margin on margin? Further did you know that Empire was still "waiting for SEC approval to become a "clearing firm/house"? Gee, how big could that point really play here? Empire wants SEC approval so who's side do you think they are on to support that purpose? How could Empire itself even enter into this arrangement without such approval. See, there is a whole lot more to this story than meets the eye. Nothing has been proven a fraud. Nothing. Have a good evening!