Effective Control Transport Inc. (fka EFFC)

[kennypooh]

Domain311 - I sent the following email to RH and Investor Relations on Nov 11. Have not received a response, and now the share count is reported at 98,595,177 (19,750,000 above what has been "announced")? Until we get a reasonable explanation, this will remain reflected in the share price. BIG RED FLAG to experienced observers! IMHO

On Aug 3, MCCY had an O/S of 50 Million shares (without owning Argo Nav and without owning ECN Holdings (or anything else except for Effective Control Trucking).
This was verified with Stalt after your 8/3 PR.
http://biz.yahoo.com/iw/070803/0286279.htm

The legal opinion dated Sept 13 spelled out (or suggested) a share increase of 60,000,000 restricted shares for the intellectual property of all the entities being consolidated, plus 10,000,000 additional to Argo.

50,000,000 plus 70,000,000 = 120,000,000

However, you announced that the O/S after consolidation would be 125,000,000? (5 mil difference) http://biz.yahoo.com/iw/070914/0302330.html

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

That meant that the total announced increase (since 8/3) in O/S would have been 28,200,000 for a total O/S of 78,200,000 (including Argo).

Then on Oct 26, Stalt, Pinksheets and the ECT website said 85,276,860 (supposedly including Argo). An unannounced 7,076,860 increase?

Now the Nov 8 Stalt number is 96,622,177. An 18,422,177 increase over all the previously "announced" share exchanges.

Can you please explain this recent increase to me as I am a rather large shareholder and the prospect of dilution is quite worrysome?