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

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

ECX 1.690

0.0%

Dec 17 3:59 PM EST

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To: david james who wrote (239)	7/20/1997 10:32:00 PM
From: VALUESPEC	of 2841

David, thanks for the industry info. However, ECGOF's current ratio is not 2:1 now. It may have been when the numbers were made, but they are different. Look at the recent 10Q. Current assests are listed as $ 83 mil and current liabilities are listed as $ 76 mil. Current ratio= current assets / current liabilities 1.1= $ 83 mil / $ 76 mil The return on equity is also, wrong, etc. I find that the reporting agencies are often wrong, epecially with EPS. And again, as of what date are the numbers for?

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