Dominion Bridge Corp. (DBCO) Message Board

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Microcap & Penny Stocks : Dominion Bridge Corp. (DBCO)

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To: david james who wrote (378)	1/19/1998 6:23:00 PM
From: Chien Li	Read Replies (1) of 535

David, The oil drilling platform "contracts" have never been formally announced by DBCO yet, although Michel (CEO) alluded about this potential business a year ago. I agree that the company must have adequate working capital to work on contracts worth $200-400 millions. I heard that DBCO teams with a company called AIG in dealing with financing. From a net search, I see that AIG is no small fish. In the 10 K, it says: "....These contracts contemplate scope of work for Davie of approximately $200 million, but are subject to financing and other conditions which are beyond the control of the Company...." So it doesn't sound like that cash flow is the problem here for the holdback of the oil drilling platform contracts. Chien-Wei

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