EyeCashNetworks Inc. (fka ECNI)

[jmhollen]

That may be an issue to take over to the QBID board...!!!

Tee hee.

John

[jmhollen]

You tell me ( and/or the Board ), scion.

I recall that you fancy yourself a "..master of DD and things SEC.."; which is what was so unusual about your concerns over minor spelling issues. When I go to secinfo.com, I find lots of people's names listed 2 or 3 ways all the time. Hence, your 'surprise and apparent confusion' is certainly curious.

Fire away, tell us all you know about St. Clair.

John

[lucky, mydog]

Why does Ron St. Clair use the same address as Frank Golab in Cape Coral?

[jmhollen]

You really need to polish up your Perry Mason act, applying feigned indignation and using odd logic doesn't score any points.

Many ideas and possibilities are sold to Venture Capitalists ( formal or private ), corporations, etc., to get money or help to develop and complete a BizPlan. The SegWay scooter was no doubt a sketch the first time Bill Gates saw it.

The utilization was patented, the softheads that developed the technique had performed some basic communications as I recall, and CheckFree was hammering on the clients' doors with a higher cost wire-based tranaction system. Some of the early cashpads were in production or on the street, although I never saw one personally. And, there was a working model on a laptop PC that was used at a business/product show in Chicago.

Condominium apartments and houses in developments are pre-sold from models and a floor plan or site plan. Process systems are sold from plans, specifications, detailed drawings and photos in my business. Nothing surprising in that. Client technology officers were going to assist in the implementation - and probably some funding.

I greatly suspect that there were people working in the background to discourage eConnect's CEO from presenting at the opportunities that were made available, because they had other agendas on their plates - having nothing to do with achieving successful results with the technology.

John

[midas98]

Hmmmmm....

Hughes Net Income Charitable Remainder Unitrust, BO

I wonder what happened to that "kings and queens charitable trust"???

[scion]

No help here....MANAGEMENT & INSIDERS:

Richard Epstein, BO
Alliance Equities Inc, BO
Hughes Net Income Charitable Remainder Unitrust, BO
Electronic Transactions & Technology, BO
Alpha Venture Capital, Inc., BO
Gilbert Serrano, COO
Chris Jensen, CEO
Don Yarter, VP
Griselle Colon, VP

http://www.knobias.com/individual/public/quote.htm?aff=IHUB&ticker=ECNI

CONTACT: Christopher A. Jenson (CB/CEO)

http://www.knobias.com/individual/public/quote.htm?aff=IHUB&ticker=ECNI

[midas98]

Maybe it's Jenseon?

[midas98]

Scion,

I believe that it is the same. I researched the St.Clair's a long time ago.

[scion]

Is this the same person as the signatory shown in the ECNI 8-K?

National Equipment Services Inc · DEF 14A · For 5/29/3

Ronald St. Clair Age: 65

Mr. St. Clair has served as a director of the Company since October 1997. Mr. St. Clair founded High Reach Equipment, an aerial platform rental company headquartered in Baton Rouge, Louisiana. In 1993, Mr. St. Clair sold High Reach Equipment to Brambles Equipment Services, Inc. In 1994, Mr. St. Clair retired from High Reach Equipment. Subsequent to his retirement from High Reach Equipment, Mr. St. Clair has served in an advisory role for St. Clair Equipment Company, a family-owned and -operated rental equipment company, founded in 1960. In 2000, Mr. St. Clair sold St. Clair Equipment Company to the Company.

http://www.secinfo.com/dVut2.2et6.htm?Find=St+Clair&Line=522#Line522

[midas98]

BS..... Now Hughes is the fall guy? What has happened in the past 1.5 years? Nothing. Don't play me for a fool. The reason Hughes didn't show, is because there was NO PRODUCT. Even if, if you were out there courting "big business", how could you sell something that wasn't there?

[scion]

SO...what's the CORRECT spelling, Hollen?

[jmhollen]

Considering that PRs, etc., are typed by different people every time, the minor changes in spelling or use of a full name in lieu of conversational name would be gavelled off as irrelevant in any proceeding or courtroom.

It's obviously the same person - to the average layman.

John

[scion]

SO...who is running things at ECNI these days? I see the most recent filing was not signed by Jensen/Jenson...

10.10 This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective successors and assigns, but shall not be
assignable by any party other than a Person acquiring substantially all of its
business and assuming all of its obligation and liabilities, except with the
written consent of the other party. In the event of any such assignment the
transferor or assignor shall remain obligated to perform its own obligations and
in addition shall be jointly and severally liable for the proper performance of
the obligations of the transferee or assignee pursuant to this Agreement.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day 
 and year first above set forth.                                                  
  
 EYECASHNETWORKS, INC.                        FLUID CASH PA LLC.                  
  
 /s/  Gilbert Serrano                         /s/  Ronald St. Clair               
 -----------------------------------          ----------------------------------- 
 Gilbert Serrano, September 20, 2003          Ronald St. Clair September 20, 2003 
                          Managing Member 
 http://www.secinfo.com/dUgwf.2Dc.d.htm 
  
 

[jmhollen]

midas,

You can imagine the frustration on the part of Manny and others, when hundreds of hours of bizdev efforts to contact, educate, court, and be given positive responses and confirmed invitations to present to Decision Makers - only to have the HQ '..fail to buy airline tickets, and-or show up..'.

The old addage about 'horses and water' definitely applies.

Perhaps ECNI can avoid those problems by focusing on applications and sales, and not on the daily p-p-s.

John

[scion]

I agree - it was not bound for glory. BTW...just what is the spelling of the CEO's name?

8/4/1 Chris Jensen
4/1/3 Chris Jenson
1/16/3 Chris Jenson, Acting CEO
4/15/3 Chris Jenson, Director and Chief Executive Officer
1/23/3 Christopher A. Jensen
1/23/3 Christopher A. Jenson
9/22/3 Christopher Jensen

http://www.secinfo.com/$/SEC/Registrant.asp?CIK=911934&View=Names

[midas98]

Scion, what econnect / eyecash could never get through their head, would have been to set up a processor first, start doing transactions MAKE MONEY, then if they found a need for it in the market place, use their profits to develope it. Instead, the prefer to fleece unsuspecting investors and dine on their dollar.

[scion]

Jeez...the design is way out of date now, and by modern standards it's HUGE...

[Mattu]

kkgd:

The majority of the posts today were you having a tantrum because you got a post deleted. Yes, it should not have been. It has been restored. In the future, please direct your deletion issues directly to me. It's not acceptable to go on and on about it on the board. It results in what you saw today.

John: that post should not have been deleted. Would have saved yourself a lot of time if you had just left it. It was related to ECNC/ECNI. Also, do not discpline people on the board. Not your job. It's mine.

Any replies to this, use the PM function.

MB

[midas98]

Scion, I received one. I opened it. ( Even though Don McCurdy claimed there was some sort of acid that melted everything if it was tampered with ). It was pathetic. None of the solders were done well, etc.... But, it had a nice box

[lucky, mydog]

scion, yes, some were sold and many were given away. however, they did not work (route) as touted.

[scion]

Has anyone EVER bought one of the "eCashPads"? I seem to remember it never got beyond the prototype stage.

[lucky, mydog]

Now you can order GOLD STAKE products with your eCashPad
on our new e-commerce website. The eCashPad retails for $59.95."

Chris Jensen quote from the most current Goldstake news letter.

How can this be possible when it doesn't work?

[lucky, mydog]

By: itliansilk
03 Mar 2004, 02:57 PM EST
Msg. 31690 of 31692
Jump to msg. #
Anyone know why Jensen, the current CEO of Eyecashnetworks, a company with no product or customers, would say that BEO was working when actually it never did? Then when he became the ceo of ecni, all of the ecni merchants just dissapeared. No word from the new ceo in his monthly news letter about why they lost 100% of their merchants. Maybe one of the DD giants like Gata, Negger, or Kitty can post the reason why they lost all their merchants when Jensen came on board.

[jmhollen]

I am not in the habit of having to split hairs in conversations regarding generalities, midas.

My Dad, who was 90 (RIP), had the capability to start my PC, open the MS Explorer, find the Favorite file for his stock watch info (..that I set up for him..), and get quotes, etc. He also was failry handy with his ATM debit card, after I walked him through the procedure a couple of times a few years ago.

Dad was one hell of a saavy and successful investor, but he still did all his banking and financial business by hand (ATM cash excepted), in longhand - old habits don't change.

Many peope are like that. Their kids/grandkids may set a PC up for them, and they may make good use of it - but they couldn't find Google by themselves without help.

I have some other things to do; later...........

John

[midas98]

PC Savvy? They aren't savvy enough to use online banking, yet they are savvy enough to hook up a peripheral? Install the software etc...???? Piffle. Johnny, that just isn't flying.

[jmhollen]

Many of us have that capability, midas.

There are still lots of people who do not make use of online banking, in which case a service such as EyeCash would serve nicely. There are still great numbers of people out there who are no where near as PC-saavy or financially sophisticated as the average folks you would find on iHub.

Heck, it still amazaes me when I see (..have to wait for..) a check-writer in the check-out line at the store; considering that I haven't carried a checkbook in 5+ years.

Time being of the essence, it may well be that ENCI can never catch up or capture any part of the market once available when moving money online was a serious security concern.

John

[midas98]

I do an Electronic Transfer straight from one of my accounts. No time at all, and I don't need one of those cash pad thingies.

[midas98]

Here is a handy dandy list of Pr's with their dates
Courtesy of econnectholdings.com

Wed Mar 19
EyeCashNetworks Announces Contract with Jenco Healthcare, Inc.-Business Wire didn't come to fruition

Thu Mar 13
EyeCashNetworks Announces Contract with Golf Source, Inc.- Business Wire didn't come to fruition

Mon Mar 10
EyeCashNetowrks Announces Marketing and Sales Agreement with Call Access, LLC - Business Wire didn't come to fruition

Wed Mar 5
EyeCashNetworks Announces Corporate Update - Business Wire

Fri Jan 24
eConnect Holdings, Inc. Announces Name Change to EyeCashNetworks, Inc. - Business Wire

Thu Jan 16
eConnect Relocates Corporate Headquarters - Business Wire

Mon Jan 13
ECONNECT-Quarterly Report (SEC form 10QSB) - EDGAR Online

Tue Nov 12
eConnect Elects to Proceed with Shareholder Dividend - Business Wire didn't come to fruition

Tue Nov 5
eConnect Retains KCSA Public Relations Worldwide as Public and Investor Relations Counsel - Business Wire

Wed Oct 16
eConnect Rescinds Contracts with Pacific Nakon and Vick Wholesale Leasing - Business Wire

Tue Oct 15
eConnect Expands Management Team - Business Wire

Thu Oct 10
eConnect Announces Restructuring of Senior Management Team - Business Wire

[lucky, mydog]

"2/6/04 33 AFFIDAVIT of David R. Weiler in support of plaintiffs'
motions for default judgment. (gma) [Entry date 02/10/04]

2/6/04 34 AFFIDAVIT of David R. Weiler in support of plaintiffs'
motions for default judgment (Attachments). (gma)
[Entry date 02/10/04]

2/6/04 35 MINUTE ORDER of 2/6/04 by Hon. Elaine E. Bucklo : Prove-up
hearing held. Judgment is entered in favor of plaintiff
and against defendants, Pacific Nakon International, Inc.
Pacific Nakon International Company, Lamar Jensen and
EyeCashNetworks as set forth in the judgment orders
attached hereto. (Entered Judgment Orders on Count II of
the amended complaint, Judgment Order on Count X of the
amended complaint in favor of David R. Weiler, an
individual, Judgment Order on Count X of the amended
complaint in favor of Weiler Limited Partnership, and
Judgment Order on Count XII of the amended complaint. These
judgment orders are entered pursuant to Rule 54(b) and
there is no just reason for delay.) Mailed notice (jmp)
[Entry date 02/10/04]" ... eom

- -

[lucky, mydog]

dave, what was the amount of the summary judgement awarded to weiler against ECNI?

[midas98]

I know, maybe we could post links to the pr's that were issued by Jensen that have not come to fruition? Were they lies???? I'll look in my file for the pr's.

[midas98]

Let's talk current ECNI as per Mr. Hollen's request:

Current customers? Zero
Current in Sec Filings? No
# Outstanding Shares per TA ( 02/02/04 ) 436,915,587
Revenue: Zero
Listed: Pink sheets

Note.... Weiler could force ECNI into involuntary BK at any time.

Mr. Hollen, do you refute any of these findings?

[midas98]

How about this DD for Mr. Hollen:

Courtesy of Jarta:

Looks like Weiler got his judgment. From Pacer:

"2/6/04 33 AFFIDAVIT of David R. Weiler in support of plaintiffs'
motions for default judgment. (gma) [Entry date 02/10/04]

2/6/04 34 AFFIDAVIT of David R. Weiler in support of plaintiffs'
motions for default judgment (Attachments). (gma)
[Entry date 02/10/04]

2/6/04 35 MINUTE ORDER of 2/6/04 by Hon. Elaine E. Bucklo : Prove-up
hearing held. Judgment is entered in favor of plaintiff
and against defendants, Pacific Nakon International, Inc.
Pacific Nakon International Company, Lamar Jensen and
EyeCashNetworks as set forth in the judgment orders
attached hereto. (Entered Judgment Orders on Count II of
the amended complaint, Judgment Order on Count X of the
amended complaint in favor of David R. Weiler, an
individual, Judgment Order on Count X of the amended
complaint in favor of Weiler Limited Partnership, and
Judgment Order on Count XII of the amended complaint. These
judgment orders are entered pursuant to Rule 54(b) and
there is no just reason for delay.) Mailed notice (jmp)
[Entry date 02/10/04]" ... eom

[scion]

10QSB/A related to EYE CASH NETWORKS INC filed on 01/23/2003

ITEM 1. LEGAL PROCEEDINGS

On August 7, 2002, the Securities and Exchange Commission filed a civil
complaint against eConnect, Thomas D. Hughes, Richard Epstein and Alliance
Equities, alleging that false press releases were made, and seeking injunctive
relief and disgorgement. The respondents are vigorously contesting the
allegations.

Halted trading of stock - On July 25, 2002, the SEC suspended trading of the
Company's common stock in connection with an investigation of the Company's
accuracy of several claims, including the claimed value of the bonds PNI
invested into the Company, the stated projected opening date of eConnect
Financial, and the value of a purchase order from another company. The Company's
common stock resumed trading on August 8, 2002; however, from that date to the
date of this report, the Company's common stock has been trading on the National
Quotation Bureau's Pink Sheets, since relisting procedures for the
Over-the-Counter Bulletin Board ("OTCBB") have not yet been completed.

[midas98]

ECNI is NOT a new ball game. If Hollen thinks it is, let's see him post some facts. Hughes still has the patents, although they are worthless. Hughes had an idea, but was not smart enough to implement it. Additionally, if it were such a great plan, why didn't the banking community embrace it? Where was the VC money without the death spiral financing? Jensen is not a businessman. That's quite apparent since he's taken over the reigns.

[lucky, mydog]

DEBRA W. YANG
United States Attorney
Central District of California


--------------------------------------------------------------------------------


Thom Mrozek, Public Affairs Officer
[phone]
[e-mail]



March 2, 2004

eCONNECT CEO SENTENCED TO OVER 8 YEARS

IN FEDERAL PRISON TERM IN SECURITIES FRAUD CASE



The former CEO of eConnect, who orchestrated a scheme in which he distributed false information to boost the stock price of the publicly traded company, has been sentenced to 97 months in federal prison.

Thomas S. Hughes, 56, of Rancho Palos Verdes, was sentenced late Monday by United States District Judge Nora M. Manella.

Hughes pleaded guilty in August 2003 to three counts of securities fraud for issuing false press releases and making false statements on the company’s website. Hughes also pleaded guilty to one count of criminal contempt of court for spreading misleading information about eConnect in violation of an injunction obtained by the United States Securities and Exchange Commission in a lawsuit filed against eConnect and Hughes in 2000 for issuing false press releases..

United States Attorney Debra W. Yang said: “After being sued by the SEC, Mr. Hughes continued to engage in deceptive practices that defrauded the investing public. His history, as well as the millions of dollars of losses for which is responsible, led to today’s sentence.

“The lengthy prison term sends a strong message that those who fail to follow and comply with sanctions obtained by the SEC will be punished.”

In July 2002, Hughes oversaw the issuance of false and misleading press releases that claimed:

· eConnect had received a $20 million dollar investment in AA-rated, asset-backed bonds from another issuer;

· eConnect had begun a stock repurchase program; and

· eConnect had received a purchase order to sell $964,000 worth of its key product, the eCashPad.

In fact, the so-called “AA” bonds were not rated and had little value and there was no stock repurchase program. The press release regarding the nearly $1 million sale of eCashPads was misleading because it caused the public to believe the purchase orders came from a company that had no relationship with eConnect.

The SEC suspended trading in eConnect stock on July 25, 2002. At the same time the criminal case was filed on August 7, 2002, the SEC filed a second civil lawsuit charging Hughes, eConnect and others with various federal securities law violations. The SEC obtained summary judgement in the case from Judge Manella.

eConnect is now known as Eye Cash Networks, Inc. (ticker symbol: ECNI).

This case is the product of an investigation by the Federal Bureau of Investigation, which received assistance from the Securities and Exchange Commission and NASD Regulation, Inc.

Release No. 04-027

[lucky, mydog]

Former tech firm CEO sentenced to eight years in prison




ASSOCIATED PRESS
2:38 p.m. March 2, 2004

LOS ANGELES – The former CEO of technology firm eConnect was sentenced to more than eight years in prison for overseeing a scheme that defrauded investors of $4.1 million by artificially inflating the company's stock price, officials said Tuesday.

Thomas Hughes, 56, was sentenced late Monday in federal court, the U.S. attorney's office said in a statement.

Hughes, of Rancho Palos Verdes, pleaded guilty last August to three counts of securities fraud for distributing false press releases and making misleading statements on the company's Web site.

He also pleaded guilty to one count of criminal contempt of court for violating a 2000 federal injunction issued by the Securities and Exchange Commission by spreading misleading information about the company.

Hughes had faced up to 30 years in prison on the securities fraud charges and an indefinite maximum sentence on the contempt count, officials said. He received a sentenced of eight years and one month.

The Los Angeles-based company developed electronic payment software and hardware. Prosecutors say Hughes helped send out press releases claiming that eConnect had obtained a $20 million investment in quality asset-backed bonds and started a stock repurchase program.

In reality, the bonds had little value and no stock buyback program existed, prosecutors said.

eConnect has since come under new management and changed its name to EyeCashNetworks, prosecutors said.

Officials at the firm, which provides services for making payments through the Internet, are not charged with wrongdoing.

[XV19]

rotflmao.

[jmhollen]

That's works. Besides, I want someone to share the bruises with.

John

[XV19]

gee thanks...Ya LIKE pouring salt into old wounds???? I'm sooo long gone out of this thing. But I'll pop in once in a while to visit.

:)

[jmhollen]

OBTW: You've been drafted/promoted.............

[jmhollen]

Hello, and welcome........

Per Dave's note, he and I were just kicking around old subjects. When I looked for an ENCI board there wasn't one. "..Boardz are my t-h-a-n-g.." - so I plunked this one in here.

This will NOT be an extension of the ECNC/ECNT bash-fest elsewhere, as all trash or O/T posts will end up in the crap-can for the writer to sort out with Matt Brown.

The eye-cash technology has it's place. In fact it really has some super opportunities (..previously blown..), so I hope the new crew can execute on them.

John

[XV19]

I think the board was opened because Mr Hollen and I were reminiscing about the old ECNC days..and he found out that ECNI was still alive and well, even with Mr. Hughes in jail.

Hard for me to believe it's still valid...I'm still sad it didn't happen 4 years ago when it would have been revolutionary. Now..I think the cashpad thing is just passe'.

but..ya never know :)

[Eye On ECNI]

d...i think with all the millions of dollars in identity theft that takes place anually, there is still alot of improvement to secure transactions both on the net and otc/swipes.

i hope to see what the "other" technologies are that they are working on soon.

might i ask what has prompted the re-opening of this forum?
glad to see it for whatever reasons you may have though.

here's to a real informational board i hope!

[XV19]

I'm shocked and amazed.

It's too late, I'm afraid. Pretty much all brokers let you fund your account directly via bank to bank payments (just like paying your credit card bill online). Security online is significantly more secure that it was a few years back when ECNC was supposed to ship the cash pads.

nice to see Jensen is still involved :)

[jmhollen]

And.... Believe it or not. The phone number in the previous PR really works.

John

[jmhollen]

EyeCashNetworks Announces Corporate Update and Progress of Payment Solutions Over the Internet

LAS VEGAS, Jan 28, 2004 /PRNewswire-FirstCall via COMTEX/ -- EyeCashNetworks, Inc. (Pink Sheets: ECNI) a leading provider of next generation payment solutions www.EyeCashNetwork.com is pleased to announce that the company is moving forward with its payment solution device the eCashPad for secure payments over the internet.

In September of 2003 the company finalized their joint venture with Fluid Cash LLC, to enhance and develop new technologies for payment solutions. The two companies are working aggressively to bring the eCashPad System online.

Chris Jensen, Chief Executive Officer of EyeCashNetworks stated, "We are pleased with the progress we have made with our technologies and now have a better idea of what is needed to fulfill the needs of our customers. There is so much credit card and debit card fraud over the Internet. The eCashPad swipe device offers a secure payment solution for those who are weary of making purchases of goods and services over the Internet. We are currently working with several customers including our partner, Fluid Cash LLC, to bring this technology along with others to the market place."

The company is also pleased to announce that they have relocated their office to:
EyeCashNetworks
Hughes I Center
3960 Howard Hughes Parkway
5th Floor
Las Vegas, NV 89109
Phone # [phone]

The company has also set up an investor relation's email for investor questions. Please use this service if you have any questions about the company or our partners. [e-mail] .
About EyeCashNetworks

EyeCashNetworks, Inc. is focused on delivering next-generation e-payment solutions. The Company develops proprietary hardware, software and transaction-processing services and believes that hardware-originated transactions are the future of Internet commerce and will benefit both the customer and the merchant. Located in Las Vegas Nevada and established in 1997, EyeCashNetworks is positioned to become a leader in the implementation of technologies, products and services that enhance the manner in which businesses and consumers benefit from various forms of e-commerce.

SOURCE EyeCashNetworks, Inc.
CONTACT: Allen F. Treffry, [phone], for EyeCashNetworks
URL: http://www.eyecashnetwork.com

[jmhollen]

Still puttering along...........:

ECNI - EyeCashNetworks, Inc. Com ($0.001)
Primary Venue: Pink Sheets
Best Bid: Unpriced
Best Ask: 0.005 (1 shares) *
* Quoted on the Pink Sheets
TRADE DATA Last Sale: 0.0050
Change: +0.0006
Percent Change: +13.64
Tick: Down
Daily High: 0.0050 Daily Low: 0.0045
Opening Price: 0.0050 Volume: 3,678,712

This is still a workable technology for eventually being able to directly fund a stock trading account, without the hassles of FedEx or wires. It will certainly be interesting to see if they can ever make it happen.

"...Sweet dreams and flying machines.......". Oh well..........

John