Effective Control Transport Inc. (fka EFFC)

[DownWithPumpers]

EcnHolding already owns ArgoNav. From the July 24th PR:
http://biz.yahoo.com/iw/070724/0282016.html

LONGUEUIL, QB--(MARKET WIRE)--Jul 24, 2007 -- Media City Corp. (Other OTC:MCCY.PK - News) (www.ecnholding.com) -- President Raphael Huppe of Effective Control Trucking LLC., a wholly owned subsidiary of Media City Corp., is pleased to announce that Argo Navigation Inc. (www.argonav.com) has been acquired by ECN Holding. ECN Holding is the majority shareholder of Media City Corp.

So this is just one more excuse to pass shares on to Raphael. How long does it take for him to close on a transaction where he's both the buyer and seller?

Is this supposed to be great news for shareholders?