American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 2.120

+9.3%

Dec 5 9:30 AM EST

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To: Daniel who wrote (2830)	10/27/1999 1:22:00 PM
From: JimieA	Read Replies (1) of 2841

Ideas why Eco keeps drifting lower? Why not! Losing money consistently now. Seems always to pull some negative out of the hat each quarter. Like, May quarter - discontinued operations, investors told to forget about projected 30 cents/share income this year. August quarter - more operating losses, 30 cents/share litigation writedown. Nov. Quarter - We might expect write down of notes receivable taken when Eco sold some subsidiaries in past years. For 2000 - expect negative impact of government civil charges for mislabeling steel sold some five years ago. And don?t forget about loan defaults with all these unexpected losses.

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