Envoy Communications Group (TSE : ECG) Message Board

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Gold/Mining/Energy : Envoy Communications Group (TSE : ECG)

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To: Cush who wrote (89)	10/26/1999 10:08:00 AM
From: tony	Read Replies (1) of 274

Hi! while i picked up more shares yesterday... there is to mention few important facts.. 1- ECG market is so illiquid that anything could bring it down fast...( as much as any good news could bring it up higher)while tightly held by funds, I don't see who will supply liquidity to the market in case of a runup. 2- As previously mentioned not too many companies that i follow have positive earnings, or as much growth. 3- Last private placement brought lots of "free shares" @ 5.50$ which was all absorbed by funds.. 4- Look for many news releases as promised by IR regarding acquisitions ( only one that i know of) contracts ( Beer retailer, dot.com co, ) but nothing for immediate release.. It looks like nothing of substance before the earnings early december unless 20F comes along earlier than expected and market condition dictates. If you don't mind waiting ..this is a great opportunity to accumulate ( I for one still have a bit to go )

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