I did speak with Mr. Hicton last week and expressed concerns
regarding the lack of confidence that has been building amoung
certain shareholders. I was very BLUNT and he did receive
my conversation with interest or so it seemed. He then called
me back and said to me that a lot of these concerns I expessed
would be addressed shortly. I am taking him at his WORD and
am waiting for a company reply to questions and information
to help give us all some comfort level or explain in more
detail then before as to an overview of what has transpired
over the past months. He assured me that there would be a
response and let's give the man a chance. I know he had a
conference call with the others involved in the company
regarding this. That is when he called me back and told me that they would address these concerns I have brought to their
attention. If this company is going to be a success, management
has to realize that people put their hard earned money into
this thing not to see it fail but succeed, but when you put
people up against the wall and become adversarial as to
what is or what isn't public information then there is a problem. I do not really think that things they perceive
as being private are. For instance the Regdex that was
filed in Nevada at the beginning of April then followed
by the form D to th SEC later that month. This already is public information for all. Why the mystery is beyond me.
This leads people to express doubt or that they are hiding
something when in fact it is public already. There are many
things but Mr. Hicton indicated to me that this will be
addressed. So now we wait for some answers which I am
under the impression will be forthcoming within the next week.
Look, all of us that invested in this company have been patiently waiting of course for good news. I am not going
to go into what they supposedly have in techncal know how
as we all bought in on this and now it time for SHOW &
TELL on their side or I think the frustration that has been
built for lack of what I call good communication and comfort
level will take on a new dimension.
All of us ( shareholders) have one common purpose and that is
to make money on our investment and every shareholder whether
having one share or millions of shares has the same rights.
A non-reporting company does have to file the necessary
documents to the SEC and has a different standard because
of many reasons, lack of business , costs involved but every
company that is a PUBLIC COMPANY which ECCI is, has a duty to
it's shareholders when MATERIAL CHANGES TAKE PLACE, and the
officers and directors sit at the pleasure of the shareholders
whether the shareholders are in the majority or minority.
So in essense shareholders do have rights under Federal
law and also under Neveada law or for that matter in any state of U.S.A.
I for one am willing to let them respond as they conveyed through Mr. Hicton and then we can all better judge and
understand what has transpired. I think at this point
it is a necessary avenue for the management to take and also
meet their responsibilities to their shareholders.
AI
