Replies to post #75 on eConnect Inc. (fka ECNT)

[IrwinMFletcher]

Powerclick and Top Sports SA should absolutely, positively not be called divisions of eConnect if they are not consolidated with eConnect. The Company shouldn't be putting out press releases (ie., Top Sports SA revenue and Powerclick) about Company's that it doesn't consolidate, but picks up using the equity method.

Can someone reconcile shares owned by Tom Hughes. This is my post on raging bull. Am I missing something?

http://www.ragingbull.com/mboard/boards.cgi?board=ECNC&read=133535

More shares have been handed out. I expected to see a huge prepaid asset on balance sheet (prepaid consulting services) for shares issued to Manzanares, Uhler and other people for shares issued to people prior to the services being performed. If the Company has recorded the shares issued to Manazanares and Uhler as an immediate expense (not amortize it over one year or until the agreements expire in February 2001)in the first quarter of 2000, then I think that could be incorrect. I have to think that they are part of the $15.6 million of common shares issued for services on the income statement.

[IrwinMFletcher]

By the way, since ECNC does not consolidate or control Powerclick as indicated by its accounting methods, then I think that the lawyers in any class action lawsuits would go after the people that keep the books of Powerclick (ie. whoever does the accounting for Powerclick, which I don't think is ECNC, but Powerclick). If there was any discrepancy, then there could be a he said/she said in my opinion. eConnect could say "That was the information provided to us by Powerclick. We were only relying on their information that they provided to us. We don't keep the books of Powerclick". This would be the same case for Top Sports SA. I honestly believe that eConnect doesn't keep the books for these companies for if it did, then the enities would probably be consolidated with ECNC.

[lucky, mydog]

jordan, what are you saying? that you didn't get the first unit to beta test? i'm shocked. lol did dai get his? o.k. i'm done being sarcastic for now. i haven't read the filing yet and i probably won't until tomorrow. i didn't expect much though, and i suspected the powerclick revenue p.r.s were bull. but here is what i think. ecnc is not going away. tom hughes always manages to pull one out of his butt. i think if he were going to fold up shop, he would already be gone. and besides, manny just sent me a smiley face.