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


To: scoobypax who wrote (10208)5/30/2000 3:20:00 PM
From: scoobypax  Respond to of 18222
 
LOL.. Found this part funny..
ECNC loaning Tom and his other "company" ET&T
close to $4mill.. This is the funny part:

"IN WITNESS WHEREOF, this Security Agreement is executed on March 31, 2000 at San Pedro, California.

Debtor:

Electronic Transactions & Technologies

By: /s/ Thomas S. Hughes
Thomas S. Hughes, President

/s/ Thomas S. Hughes
Thomas S. Hughes, an individual

Secured Party:

eConnect

By: /s/ Thomas S. Hughes
Thomas S. Hughes, President"

Nice little concept.. I suppose this is one way to
circumvent the "insider trading" filings..
Tom gets $4MILL without having to show himself as
having sold a single share..

Anyone wanna bet whether or not this loan will be repaid?