SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.800-6.7%Jan 30 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gemini who wrote (1648)2/9/1998 9:36:00 PM
From: david james  Read Replies (1) of 2841
 
I had a chance to talk briefly with David Norris (CFO) today. I asked him about the $93 million mentioned in the Financial Post article, and he said that he wasn't sure who was releasing that info, but it wasn't Eco. I got the impression that they have not settled on the official price.

He said that officially they are only announcing an interest in making an investment in DBCO at this time, and that any other information about buyouts etc will only be released via public Eco press releases.

However, he did say that there may be a conference call this friday. And possibly another after earnings next week. But said that there would definitely be at least one.

I also asked about rumors that Eco's position in EIFH would be bought out in the next couple months. He said that there had been discussions regarding that possibility, but again there was no official statement along those lines.

I also asked him about tax rates in 1998 and he said that they are currently basing their projections on a 38% tax rate. However, he did agree that if DBCO was acquired, there would likely be NOLs available from them.

Should definitely be an interesting conference call (or calls).

David
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News