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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.8000.0%Dec 19 3:59 PM EST
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To: WhySoSoon who wrote (466)9/5/1997 8:54:00 AM
From: Robert K. Schott   of 2841
 
To all:

I'm just looking at this issue, considering a buy. obviously it looks real cheap considering estimates. I have a few questions, though.

someone here mentioned that a reason for why it is so cheap might be because it is a Canadian concern, as signified by the 'f' at the end of its NASDQ symbol. I'm somewhat confused. according to report I have, it is headquartered in Houston, although it has a Vancouver subsidiary. does an "f' at the end of a symbol connote a Canadian concern? (I know that Corel's symbol ends in an 'f'). if so why does American Eco have this if it is based in Houston?

according to this report I have there was lopsided outflows from institutions last quarter--1,711,000 sold as opposed to 101,100 bought. does anyone know if this is accurate? if so does anyone have any idea as to why such heavy outflows from funds occurred in a stock that looks so promising?

finally, does anyone know if there is any reason why this stock would not be marginable at major US brokers? I don't have any information that it isn't, but should I buy I don't want any nasty surprises the next morning as I have had happened in the past.

thanks much for any input offered. regardless of whether I decide to invest or not, I wish you all the best with it.

best regards.
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