svfamily...
CEO did not post on any boards. This is an exchange of e-mails between a shareholder and him. Actually, it's someone from ECFL's I-Hub board.Please read it again!
"ECFL Alert. Email from CEO below...
(copied from iHUB ECFL board)...
"Email from the company.
From : Desmond Milligan
Sent : Wed, October 11, 2006 19:42 PM
To : James Robinson
Subject : RE: Shareholder question
| | | Inbox
In regards to the merger. We are in the final stages . The merger should be complete by October 13, 2006 . We are expecting to release a press release regarding the finanlization of the merger and the projected revenues expected sometime next week. I had a look at the huge drop in price and I can assure you there is no dilution going on. As you can see there is a huge short in our stock , so do not worry. The price will adjust itself and will be trading in the .70's range and above within a week. In addition we will be buying back 30% of the o/s in a couple of weeks.In response to your question regarding our float, it is currently 95 million. I hope this answers your questions.
Regards,
Desmond Milligan
From: James Robinson
To: Desmond Milligan
Subject: Shareholder question
Date: October 11, 2006 15:08 PM
Dear Mr. Milligan,
I am a current shareholder in your company ECFL. I am just wondering when the merger is going to be complete. Also wondering about the huge drop in price today . Is there dilution going on ? And finally what is the float on ECFL ?
Thank you
James"
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AI
