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means they r about done raising capital. = selling
!!!!!!!!!!!!!!
Recent Positive Changes to Share Structure:
The company has cancelled 24,000,000 shares of common stock.
Outstanding shares, after the cancellation will be 80,634,552
Public Float = 42,296,157
Authorized shares remain 150,000,000 with no changes.
The Company is currently closing on a capital raise of $4,590,000
consisiting of 27,000,000 shares at $0.17 a share.
Outstanding shares, after the issuance of the 27,000,000 shares in
conjunction with the capital raise will be 107,634,552.
PR
ECT Provides Company Update
LONGUEUIL, QC, Dec 21, 2007 (MARKET WIRE via COMTEX) -- Effective Control Transport Inc. (PINKSHEETS: EFFC) (www.econtroltransport.com) Chief Executive Officer, Raphael Huppe, today issued a general business update:
"Over the last six years we have opportunistically invested in our sales and marketing initiatives to expand globally and are enthusiastic about our business strategy. Those investments are just now beginning to show results, and we expect to see the financial contribution from those efforts in future quarters.
"ECT management, in conjunction with its lawyers and accountants, is in the process of completing the necessary auditing of the Company's financial history, and anticipate the audits to be complete within the next 90 days. The audit is integral to the application process to move to the bulletin boards, provide the investment community with transparency, and ultimately visibility as the Company progresses.
"We are pleased with our continued expansion of product lines and new partnerships we recently signed. We expect to see continued growth and further acceptance of our software product lines and the diversification into new markets. Our business plan includes initiatives to expand market presence and penetration. To date, we have hired sales and marketing personnel, expanded our internet presence, and enhanced customer service.
"I am very pleased with our continued progress as we enter the last quarter of our first fiscal year and begin the year 2008. As always, we stay committed to increasing shareholder value by operating our company with long term goals in mind."
Raphael Huppe, Chief Executive Officer
Recent Positive Changes to Share Structure:
The company has cancelled 24,000,000 shares of common stock.
Outstanding shares, after the cancellation will be 80,634,552
Public Float = 42,296,157
Authorized shares remain 150,000,000 with no changes.
The Company is currently closing on a capital raise of $4,590,000
consisiting of 27,000,000 shares at $0.17 a share.
Outstanding shares, after the issuance of the 27,000,000 shares in
conjunction with the capital raise will be 107,634,552.
About US
Effective Control Transport Inc. (ECT) is a subsidiary company of the ECN
Holding. ECN (Effective Control Networks) has been in business for 6 years and
operates a number of divisions in various IT and GPS-Telecommunications fields.
ECT's mission is to provide advanced and innovative solutions and tools to
problems and needs of the transport industry resulting in significant efficiency
and security gain for that industry. The implementation of that mission has all
potential to bring about a greater economic efficiency and exchange for all, as
we should experiment in the next years to come.
The main product line for ECT is the FOLO CRAM(TM) (Cognitive Resources
Availability Manager) which offers effective real time monitoring of a driver's
state of awareness, including fatigue levels. ECT currently has 9
product/service lines that will not only help improve safety but also cut down
on operating and insurance costs for the commercial trucking industry. ECT's
products, services and application are flexible, easy to install and deploy, and
work seamlessly with legacy applications and communications systems.
Forward-Looking Statements:
The information in this press release includes certain "forward-looking"
statements within the meaning of the Safe Harbor provisions of Federal
Securities Laws. Investors are cautioned that such statements are based upon
assumptions that in the future may prove not to have been accurate and are
subject to significant risks and uncertainties, including the future financial
performance of the Company. Although the Company believes that the expectations
reflected in its forward-looking statements are reasonable, it can give no
assurance that such expectations or any of its forward-looking statements will
prove to be correct. Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date of this release, and
the Company undertakes no obligation to update publicly any forward-looking
statements to reflect new information, events, or circumstances after the date
of this release except as required by law.
Investor Relations:
Andrew Barwicki
516-662-9461
investor@ecnholding.com
SOURCE: Effective Control Transport Inc.
CONTACT: mailto:investor@ecnholding.com
Copyright 2007 Market Wire, All rights reserved.
SUBJECT CODE: Aerospace and Defense:Weapons
Telecom:Wireless
Computers and Software:Hardware
Computers and Software:Internet
Computers and Software:Networking
Computers and Software:Peripherals
Computers and Software:Software
Electronics and Semiconductors:Electronic Design Architecture
Electronics and Semiconductors:Electronic Components
Electronics and Semiconductors:Micro-electronics and Nanotechnology
Electronics and Semiconductors:Testing
Electronics and Semiconductors:Semiconductors
Electronics and Semiconductors:RF/Microwave Components
Electronics and Semiconductors:Optical Components
Telecom:Telecommunication Services
Telecom:Telecommunication Equipment
Telecom:Networking
Telecom:Cable and Satellite Services
Aerospace and Defense:Electronics and Communications
LOL i swear that cracked me up big time , i cant stop laffin'!
im not being sarcastic @ all.
p.s. cant stop laffn'
i think u might have to avrg. down @ .065, just saying ya know.
if u dont want to chase the 8's and 10's that is
DELAYED L2
http://66.201.236.134/export/level2.jsp?symbol=effc
u dont have to sell @.061 to make the bid go to .06, u just have to change ur order.
after 200 sares @ .06 10,000 @ .065
p.s. i tip my hat to whoever is flipping this (even though i would want em' gone)
great day to pick up sum i got 25 thou @ .065
i understand if people's entry point was higher why they'd be pissed.
tell me another one ur crack'n me up!!!
ask 1@.065 1@.08 1@.085 3@0.10 cents
http://66.201.236.134/export/level2.jsp?symbol=effc
thats exactly the reason u do this today if u do it on a bullish day u'd be throwing 12 bucks away. it wouldnt work on any other than a slow day.
its not MM manipulation its simply a dude. i mean it doesnt take a pro to let 12 dollars go and sell 200 shares @ .06 ....... what is his goal ? scare someone into selling @ .06 , more than 200 shares . then changing his ask that is @ .065 to .08 were all the oter mm's ask is .
and presto!
p.s. people do this on pinks all the time.
p.s.2 look if u dont believe.
http://66.201.236.134/export/level2.jsp?symbol=effc
p.s.3 do you really think someone closed a position they had for 200 shares!!!! get real
12 dollar trade 200 shares @ .06 just a scare tactic , lets see if it works.
heres a link to a delayed L2 site
http://66.201.236.134/export/level2.jsp?symbol=effc
look @ it and notice SBSH is putting some pressure to shake off some shares
the ask right after him is 8.
12 dollar trade 200 shares @ .06 just a scare tactic , lets see if it works.
share structure
Float = 42,296,157 (November 27, 2007)
A/S = 150 Millions
O/S = 100,527,410 as of Dec 11, 2007
weez gotta get sum share reduction news ya'll
or ima start returning sum of da $h*t under da krymas trwee! LOL
cool. i see =/
25 thousand @ 14 @ 4:01pm, no biggie
we dont hace?
138,000 AH trade $9963.60 trade , this time it was more than the ask price of .07 trade was @0.0722.
thanx, 4 da replyhope its 2morrow though, we willhave sum panic sellers if we dont get it on or b4 the 21st.
im not gunna b 1 of them.
you think we'll get the PR tomorrow bout the share reduction .
i mean it said before DEC 21 that would be tomorrow? u think we'll get it?
you think we'll get the PR tomorrow bout the share reduction .
i mean it said before DEC 21 that would be tomorrow? right?
my lips are sealed......
no clue filled @ 12 6 minutes it took to fill @ market fishy!
NO FILL YET!
i have an order to buy 100,000 @ MARKEY AND IT DOESNT FILL!
fraud bid 15 ask 14 and it doesnt fill!!!!! mm's playing dont let go!
the L2 (ask) is 1mm @ 13 1@14 then 5 @ 21! ? hold on guys this will play weird the first hour and bounce right after...... just sit back and watch da show .......
im gunna kill the ending though it finishes green.
7 million @ .0004 WTF! after hours... wut!!!!
lets start a campaign
mono 2.5 million shares (they cant have them)
add yours and pass it on if ur no willing to get played.
http://66.201.236.134/export/level2.jsp?symbol=mnty
there is a 6 point gap on da ask!!?? wtf!?
i mean WTF?
dont make sense, smells weird, if we hit any price u can name im not getting out theyll just ave to bury me with my shares .
with the 2.4 bill we ran to .0065 now with the o/s @ half .0013 on news ..... no sir they cant have my shares .
WTF!!!! did he retire them or sell them. LOL
aaaahhhhhhh!
18 is the wall there are 21's behind it (thats whut the ddelayed L2 is showing).
my my hotdog . . . . . . snip =(
oh well ican get one at Market99!
bring me one too.
oh... and a soda.
Retiring the 1.21 Billion shares; the total number of outstanding shares of Market 99 is reduced to 1,216,636,000.
what the future brings i dont know but as of now it is good news if they get thrown back in or we have a R/S that would of course be bad. O/S has been reduced big time = good (so there should be a big fat bull wanting to chew this float we have soon).
just my opinion.
GTC orders will make people cry! stay away from them peeps!
fellow MNTY'rs price 2day is irrelivant, we will be back in the 20 25 range by friday. (count on that).
Thanx , i put it up b4 i read it, didnt want anyone letting go @ these prices.
thanx 4 the thanx =)
cut the sharecount in half ....... we should double PPS by friday.