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Gold/Mining/Energy : Eco Logic Company ( ELI ECO ) Update
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To: Mark Duess who wrote (292)2/8/2000 9:20:00 AM
From: Steve Johnston  Read Replies (1) of 340
 
The U.S. military contract is impressive, and indeed demonstrates that what Eco Logic is providing is state of the art, and in potential demand. The problem is that they are cash starved, due to the financial mismanagement of funds by past management, who acted like a bunch of "drunken sailors" spending away reserves. The big questions are; 1.) how much profit will ELI make on this $1.8 million contract and, 2.) will it lead to more sales/contracts, more market exposure, etc? Time will tell. For what its worth, I remain "long". Regards.
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