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

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To: Jay Arkay who wrote (459)2/25/1998 1:45:00 PM
From: Baoho Chang  Read Replies (1) of 535
 
Hello, Jay. Good point on the relationship between DBCO and ECGOF shares. Buying DBCO at this point is equivalent to buying ECGOF at roughly 20% discount. A very good deal.

One thing that I am not very clear is the nature of the promissory note to be used to acquire DBCO shares. Specifically, what is the term of the note?. Is it interest bearing? If the promissory note offer decent terms, the way I see the deal is that DBCO would be worth $3 if ECGOF is at or below $15 and more if ECGOF is above $15. Any comments?

Regards,
Baoho
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