Effective Control Transport Inc. (fka EFFC)

[kennypooh]

domain - my numbers show Stalt's figures to be 6,000,000 off? I assumed the plan was to clean a former shell and provide the means for additional purchases. The original deal with Argo was with ECN Holdings. We don't know what ECN Holding agreed to pay for Argo in July? They were the majority shareholder in MCCY and could have offered a large percentage of that ownership?

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.

On Aug 3, MCCY had an O/S of 50 Million shares (without owning Argo Nav and without owning ECN Holdings or anything except for Effective Control Trucking).

LONGUEUIL, QC--(MARKET WIRE)--Aug 3, 2007 -- Media City Corp. (Other OTC:MCCY.PK - News) (www.ecnholding.com) President Raphael Huppe is pleased to announce that Stalt Inc. has been hired as the new Transfer Agent. Currently there are 24 million free trading shares and 26 million restricted shares. Effective Control Trucking LLC. is a wholly owned subsidiary of Media City Corp.

On Sept.14 an intent to "consolidate" was PR'ed on behalf of a new entity "Effective Control Transport".

LONGUEUIL, QC--(MARKET WIRE)--Sep 14, 2007 -- Media City Corp. (Other OTC:MCCY.PK - News) (www.ecnholding.com) President Raphael Huppé of (Effective Control Transport) would like to take this opportunity to clarify and update previous press releases and announce future developments.
We would like to announce that in conjunction with The Financial Industry Regulatory Authority (FINRA) attorney Alain B Houle has begun a full review, verification and audit process of all business matters related to Media City Corporation, GPS Global, ECN Canada, ECN Holding, Effective Control trucking LLC, and Argo Navigation. This "legal opinion" will be found on encholding's website and will be updated as information is added. Mr. Alain Houle will also be taking this opportunity to consolidate all of the above mentioned companies into MCCY except for the technology related to the energy sector. (To see the legal opinion, click here: http://www.ecnholding.com/legal.pdf)

The legal opinion dated Sept 13 spelled out a share increase of 70,000,000 restricted shares for the intellectual property of all the entities.

Media City Corporation shall complete within the upcoming days the issuance of sixty million (60,000,000) restricted shares to be distributed amongst Raphael Huppe and key employees of ECN Holding LLC, ECN Control Canada Inc., Effective Control Trucking LLC, Effective Control Transport, GPS Global and any other related entity to insure the transfer of the intellectual property to Media City Corporation. As this stock is restricted, it is understood that this stock cannot be sold in order to raise funds. It is our recommendation to consolidate all of the above mentioned companies.
Media City shall also complete the acquisition of Argo Navigation within the upcoming days with the issuance of ten million (10,000,000) restricted shares to be distributed amongst Jason Shin and key employees of Argo Navigation. With the above mentioned shares MCCY will have a total of 125,000,000 active shares.

Were the 10,000,000 shares to Argo in addition to previous shares they got from ECN Holdings? Why have they never shown up in the Stalt count?

On Oct 26 it was announced that 41,800,000 shares were being returned in exchange for options.

LONGUEUIL, QC--(MARKET WIRE)--Oct 26, 2007 -- Media City Corp. (Other OTC:MCCY.PK - News) (www.econtroltransport.com) CEO Raphael Huppé today announced that he will be cancelling 40 (forty) million of his personal common stock shares to treasury. In return, he will receive 40 (forty) million options which will have a 5-year term and will become fully vested on November 3rd, 2008. Mr. Huppe would also like to announce that there have been 1.8 million shares recovered from the previous shell owner and that these shares will also be cancelled to treasury.

That means that the O/S increase since 9/3 was 28,200,000 shares or $2.8 mil (@ .10 a share) that we are exchanging for all the intellectual properties of the various entities. My DD indicates that may be a steal at the current share price but why the difference in share counts?

I try to read the PRs and convince myself of the plan. Educate myself and explain (to myself) why the O/S is changing and if it's dilution or a fair asset exchange. In pinky land or any other venue, unless you can do that, you're probably being used as a source of funds and not "investing". JMHO