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

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

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To: Dante Sinferno who wrote (491)	9/11/1997 1:31:00 PM
From: david james	of 2841

Here is the link edgar-online.com Here's an interesting line. "No proceeds of any of the Loans shall be applied to the repayment or prepayment of the 9.5% Cumulative Convertible Debentures issued by the Parent Guarantor." Sounds like Eco thinks they can still make $1.20 despite the added dilution of the conversion of the debs, which saves the cost of the premium for buying them back (which may have been around $2 mill on the remaining debs). It also allowed an institution to get in. Sounds like they have some impressive contracts coming in if they think they can make $1.20 and what may be around 18 mill shares in the 4th quarter. David

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