eConnect Inc. (fka ECNT)

[DCinNY]

Magoo....

In response to...
"We will never know the actual count of votes against the increase. Thats the way it is."

One reason is because the majority of shareholders never got to vote at all. We were told that there wasn't enough time to get a proxy out to everyone. (NDFC deadline was getting close.)

Secondly, we were all under the "assumption" that without the additional shares available, eConnect wouldn't be able to complete the NDFC deal at all.

Many people went to the shareholder meeting that may not have gone otherwise simply because they wanted their votes to count. That was the only way you could vote. You had to be at the meeting (as I understand it). The rest of us (who were unable to attend for one reason or another) watched helplessly as the scenario unfolded.

Just my viewpoint on it.

DCinNY