Dominion Bridge Corp. (DBCO) Message Board

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

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To: Baoho Chang who wrote (384)	1/23/1998 10:01:00 AM
From: dainy	Read Replies (3) of 535

After reading some of the recent pages, I thought of buying American Eco. Yesterday overheard a rumour that Eco cannot finance its proposed takeover of DBCO with its own funds. Eco will go to market to raise a $50 million convertible debenture which will be convertible at a discount to market. Red alert, this is how DBCO got into trouble and had its stock drop from $6 to $2. Basically, the holders of DBCO convertible notes shorted the stock before converting, guaranteeing themselves of a profit no matter how low the stock went, and there was no floor. Are we going to see a report? Can anyone confirm or deny Eco's way of raising the funds it needs? This could be a serious flaw,we better find out now.

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