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Technology Stocks : Covad Communications - COVD -- Ignore unavailable to you. Want to Upgrade?

To: Harold S. who wrote (9997)	2/15/2006 10:12:28 PM
From: rrufff	Read Replies (1) \| Respond to of 10485

Covad is a real company and operates under differnt rules from penny stocks. Nothing wrong with pennies. I own many. But EFCR falls into the category of promise and nothing else. You have nothing there, other than toxic funding and dilution. Shall we explore it. You call this a real company? "prepare to negotiate". shall we prepare to negotiate? all sing, "Prepare to negotiate." What kind of fool are you? First a pumper of PLNI and then a a basher? ITEM 8.01 OTHER EVENTS As of September 23, 2005 the Registrant reports that negotiations in the former Russian Republic of Kazakhstan to purchase a controlling interest in the Oil and Gas Joint Stock Company TransNafta Center are on hold pending status and clarification of the Kamenkovsky block exploration license. Registrant’s overseas legal counsel discovered the license to be in suspension. Additional documentation and assurances are required to complete the due diligence processes mandated by the Registrant and its projected financial partners to continue its negotiations to finalize the transaction. The Registrant will amend this Form 8-K/A in the event that a definitive agreement is reached, however, no assurances can be given that this will occur.

To: Harold S. who wrote (9997)	2/15/2006 10:15:23 PM
From: rrufff	Read Replies (1) \| Respond to of 10485

Here are the risks in penny stocks. Nothing wrong with it in theory but just don't try to say that it's better than a real company like COVAD. EFCR filings - a story of dilution. How the frick do you think you're ever going to get a sustained rise on this POS if you have this as an overhang? MANY OF OUR SHARES OF COMMON STOCK WILL IN THE FUTURE BE AVAILABLE FOR RESALE. ANY SALES OF OUR COMMON STOCK, IF IN SIGNIFICANT AMOUNTS, ARE LIKELY TO DEPRESS THE MARKET PRICE OF OUR SHARES . Assuming all of the 649,890,789 shares of common stock we are offering under this prospectus are sold in our offering, and all of the shares of common stock issued and issuable to the selling security holders are sold, we would have 108,040,816 shares that are freely tradable without the requirement of registration under the Securities Act of 1933. 56,055,189 shares of our common stock are “restricted securities” as defined under Rule 144 of the Securities Act of 1933 and 61,054,214 remaining shares are a part of the public float for a total of 116,769,403 shares. Of these shares, approximately 55.33% of our shares are owned by our officers, directors or other “affiliates.” These individuals may only sell their shares, absent registration, in accordance with the provisions of Rule 144.

To: Harold S. who wrote (9997)	2/15/2006 10:17:51 PM
From: rrufff	Read Replies (1) \| Respond to of 10485

Just giving it in little pieces for you so even you understand what you have fallen in love with. EFCR is a diluter's dream. You'll never get a sustained rally with this EXISTING STOCKHOLDERS MAY EXPERIENCE SIGNIFICANT DILUTION FROM THE SALE OF OUR COMMON STOCK PURSUANT TO THE INVESTMENT AGREEMENT. The sale of our common stock to Dutchess Private Equities Fund, II, LP in accordance with the Investment Agreement may have a dilutive impact on our shareholders. As a result, our net income per share could decrease in future periods and the market price of our common stock could decline. In addition, the lower our stock price is at the time we exercise our put option, the more shares of our common stock we will have to issue to Dutchess Private Equities Fund, II, LP in order to drawdown on the Equity Line. If our stock price decreases, then our existing shareholders would experience greater dilution. At a stock price of $0.05 or less, we would have to issue all 526,315,789 shares registered under this prospectus in order to drawdown on the full Equity Line. The perceived risk of dilution may cause our stockholders to sell their shares, which would contribute to a decline in the price of our common stock. Moreover, the perceived risk of dilution and the resulting downward pressure on our stock price could encourage investors to engage in short sales of our common stock. By increasing the number of shares offered for sale, material amounts of short selling could further contribute to progressive price declines in our common stock.

To: Harold S. who wrote (9997)	2/15/2006 10:19:00 PM
From: rrufff	Read Replies (1) \| Respond to of 10485

Damn - EFCR is a basher's dream. I really hate doing this, but since you have decided to squat here and bash a real company like COVAD, here goes ====================================== THERE ARE A LARGE NUMBER OF SHARES UNDERLYING OUR CALLABLE SECURED CONVERTIBLE NOTES, AND WARRANTS THAT MAY BE AVAILABLE FOR FUTURE SALE AND THE SALE OF THESE SHARES MAY DEPRESS THE MARKET PRICE OF OUR COMMON STOCK . As of May 2005, we had callable secured convertible notes outstanding or an obligation to issue callable secured convertible notes that may be converted into an estimated 100,000,000 shares of our Common Stock at current market prices, and outstanding warrants or an obligation to issue warrants to purchase 2,000,000 shares of our Common Stock. In addition, the number of shares of our Common Stock issuable upon conversion of the outstanding callable secured convertible notes may increase if there is an event of default. All of the shares, including all warrants, may be sold without restriction. The sale of these shares may adversely affect the market price of our Common Stock. THE ISSUANCE OF SHARES UPON CONVERSION OF THE CALLABLE SECURED CONVERTIBLE NOTES AND EXERCISE OF OUTSTANDING WARRANTS MAY CAUSE IMMEDIATE AND SUBSTANTIAL DILUTION TO OUR EXISTING STOCKHOLDERS . The issuance of shares upon conversion of the callable secured convertible notes and exercise of warrants may result in substantial dilution to the interests of other stockholders since the selling securityholders may ultimately convert and sell the full amount issuable on conversion. Although the selling securityholders may not convert their callable secured convertible notes and/or exercise their warrants if such conversion or exercise would cause them to own more than 4.99% of our outstanding common stock, this restriction does not prevent the selling securityholders from converting and/or exercising some of their holdings and then subsequently converting the remainder of their holdings. In this way, the selling securityholders may sell more than 4.99% while never holding more than the foregoing limit at any one time. There is no upper limit on the