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Eco Resources International Inc. has been generating substantial trading volume since I bought this to the attention of the investors on Saturday the 15 th. Message 5501594
zdii.com
My sources tell me the short interest is as high as 2 mm. This stock has been beaten (shorted) down from a recent $ 6 down to $ 0.03 due to total collapse in the mining industry. It has been trading relative quietly until recently. The 12 month projected income is about 23.9 mm and even at a modest P/E of 10 this stock is worth atleast 8 dollars.
Here is what I have gathered from my conversation with the management and a review of their business plan.
The company was formed as a Nevada Corporation in August 1990 to primarily acquire desirable companies. Eco Resources International Inc. has been exclusively a gold mining company up until recently with the operations located in the republic of Kyrgyzstan. The gold reserves that were acquired in that country exceed $ 100 million U.S Dollars..
Currently outstanding are 30,153,958 common shares with about 5,153,958 in the float. I was told a closed end fund and an insider has locked up about 4 mm of the float recently.
ECOI has recently embarked on an ambitious program to acquire several travelling shows with performance records and become a player in the entertainment sector. Towards this end they have recently purchased in July 1998 Le Cirque Imperial Inc for 12 mm common shares. biz.yahoo.com
This is a spectacular show performed on the ICE by the Russian performers and is bound to be a huge hit in the U.S.A
In August 1998 ECOI purchased Pyramid Free standing Structures, Inc.
Pyramid has the technology for "The Pyramid" A portable venue that can be erected in 5 days. This is fantastic stuff and has several applications including sports arena, concerts etc.
biz.yahoo.com
I was also told that ECOI is in the process of acquiring the intellectual performance rights for the international performance of a renowned group of performers. The current showing for this package has received excellent reviews and has demonstrated a high profit profile. The performance is a lively blend of circus style performances.
ECOI 12 month Revenue Projections
....................... Revenues, Income, Capital requirements
Parent Company &
Gold Mining Operations 8,000,000 2,000,000 1,600,000
Le Cirque Imperial 36,000,000 11,000,000 1,800,000
The Pyramid 15,000,000 4,200,000 1,500,000
Acquisition #1 14,000,000 4,500,000 200,000
Acquisition #2 7,000,000 2,200,000 500,000
Totals 76,000,000 23,900,000 5,000,000
Le Cirque Imperial is the imminent forerunner to the cash flow projections attainable from it's anticipated opening date in the US in October 1998. I was also informed ECOI would distribute income quarterly to its shareholders.
ECOI will submit audited financials to SEC in 30 days and a web site will be up and running in 2 weeks
Bruce Glatman is the driving force of this company. He has extensive entertainment industry experience and will use his industry relationship to provide a viable entity and meet the objective of this company. He is considered to be one of the most knowledgeable and experienced executives in the international entertainment scenes and has a degree in industrial Engineering from UC and also a law degree.
Charles J. Weber - for the past 20 years he has been a successful key executive in the entertainment/communication Industry. Mr Weber has been responsible for securing public and private corporate financing, domestic and international distribution, mergers and acquisitions and the production and financing of motion pictures.
Phone Contacts
Investment Relations : Michael Selsman/Devon Blaine
The Blaine Group
310-360-1499 blaine@pacificnet.net
Charles Weber - 310-476-8537 or 310-702-2802
Folks please do your own DD |
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