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%

12:55 PM EST

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To: Michael Anthony who wrote (1653)	2/9/1998 9:31:00 PM
From: Duncan	Read Replies (1) of 2841

<<Duncan, what was the reason that this release was made today? Is it standard procedure because of the proximity of the expiration date? Sounds like it's pretty much done if that 5 mill was actually paid. I'm wondering if the 30 mill total would've been less had Sanda not sweetened the pot with that private placement.>> The release had nothing to do with Thursday's expiration date. I'm guessing that under the rules that govern disclosure issues and practices, DBCO's management and Board of Directors treated the reciept of $30 million to be "material" news to the shareholder community and potential investor audience at large. Sanda's departure from the picture was also deemed to be material, hence the discussion of Sanda in the press release. As for the deal pretty much being done...not necessarily. Often the roughest period in deal negotiations comes in the last fews days or 24 hours before the "close". That's when both sides play games and disclose important "do or die" deal points. They wait until you're salivating at the bit...and throw you a curve ball. If this happens, they'll most likely work through the issues...but it can happen...and has happened to me on several occassions. Par for the course I guess. Until the deal closes, ECO will definitely have protection built into their $30 million...and I don't think the size of the $30 million invested/loaned had much to do with Sanda's departure. DBCO simply needed that amount of money to pursue business opportunities...and ECO didn't want DBCO to lose those opportunities...if they're soon to be one and the same entity. Someone else said or implied that the $30 million came from Banker's Trust. I don't believe that's the case. BT was rumored to be involved in ECO's bond deal...but it's my understanding that BT isn't currently involved with this transaction. Must be some other I-Bank. Duncan

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