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

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

ECX 1.860

-1.3%

3:59 PM EST

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To: Michael Anthony who wrote (1653)	2/9/1998 8:38:00 PM
From: MARK BARGER	Read Replies (1) of 2841

It is my speculation that DBCO is pretty much flat out of working capital. They need some cash quickly to keep their operations running. When your're operating a huge operation as theirs' is and it's been so mismanaged so as to bleed as much cash as they have, they may have some critical short term cash needs. They have had to no-bid several big jobs at Davie because of lack of working capital and other needs at their shipyard. It is my opinion that DBCO needs to cut a deal quickly and is in no position to string things and try to hold out for the absolutely highest buy out share price. I think they want to consumate the buy out as quickly as possible so as to use the cash to build the business back up and limit the loss of business before more damage is done. I may be off base, but how else do you explain the apparent $2 a share sell price? Truly a time for Mr. McGinnis to make a name for himself. He did wonders for MM Industra, I hope he can accomplish the same on a much grander scale. Mark

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