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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (56010)	5/10/2000 2:44:00 PM
From: vladz	Read Replies (1) \| Respond to of 122087

NZRO looking good for short @9 vlad

To: Anthony@Pacific who wrote (56010)	5/10/2000 2:50:00 PM
From: Tassi	Read Replies (1) \| Respond to of 122087

SCLN...Will add " Avg down" @ 8..very over sold.

To: Anthony@Pacific who wrote (56010)	5/10/2000 4:52:00 PM
From: BigTex	Respond to of 122087

well.... the way things are shaping up for tomorrow.... amat down about 7 in ah's..... throw a dart and ss everything...LOL

To: Anthony@Pacific who wrote (56010)	5/10/2000 6:46:00 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

Econnect Had $23 Million Loss, Negative Net Worth of $5 Million Los Angeles, May 10 (Bloomberg) -- EConnect Inc., a developer of Internet banking equipment whose shares plunged as federal regulators accused it of securities fraud, reported a loss of $23 million on sales of $40,000 in 1999. The Los Angeles company, which has 12 employees, said its liabilities exceeded assets by $5.3 million on Dec. 31. EConnect's outside auditor, L.L. Bradford & Co. of Las Vegas, warned of ``substantial doubt'' about the company's ability to continue as a ``going concern'' in a letter included in its annual report, filed yesterday with the Securities and Exchange Commission. The company had a market value of $3.6 billion as recently as March 9, when its share price touched 21 7/8. The stock had surged from under $1.50 in February. The SEC halted trading March 13, citing questions about the accuracy of the company's press releases. Since trading resumed March 27, shares have been trading between 25 cents and 2 3/8. The stock was recently quoted at 88 cents. On April 6, eConnect settled charges of securities fraud brought by the SEC, which alleged the company artificially inflated the value of its stock by distributing ``false and misleading'' press releases over the Internet. Thomas Hughes, chairman and chief executive, and the company consented to an injunction against committing fraud in the future without admitting or denying wrongdoing. A federal judge has yet to determine penalties and whether the company must repay investors' losses, as sought by the SEC. In March, eConnect said it planned to distribute 100,000 devices by mid-year that could be connected to home computers to allow consumers to make secure financial transactions over the Internet. In its annual report, eConnect said it arranged for an initial production run of only 5,000 of the devices, which it calls eCashPads, to be made in Asia at a cost of $80,000. The company also said its decision to fire President Stephen Pazian on April 17 -- less than a month after hiring him -- could require eConnect to pay him $1.26 million for the balance of his four-year employment contract. Two weeks ago, criminal charges of securities fraud were filed against Stephen Sayre, a Los Angeles tree trimmer, alleging he made $1.4 million selling shares of eConnect as he issued 'buy' recommendations for the stock. His recommendation was posted by eConnect on Ragingbull.com, an Internet investment site that has had more than 120,000 messages about the company. Sayre, who was sued by the SEC in the matter, is being sought by U.S. authorities. May/10/2000 11:46 GMT For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.