Michael, I am in the same position as you. An investment in DBCO does look like a sure way to lock in a 50% return, but you are right in that the restrictions are kind of limiting. How can you turn down a sure 50% return, though. Only because ECGOf could be primed for big time rally. If indeed they hit the $1.20, with improving margins, impressive conf. call, new coverage, with new institutional interest,
ECGOF could be headed for 20 in the next couple of months. Or course, they have had impressive earnings in the past only to be ignored by the market. But, I'm not sure how much longer they will be overlooked
with all that is going in their favor at this time.
I think the stock swap deal is very favorable for ECGOF, and not a bad deal for DBCO shareholders. AT any rate, this is a very exciting time to be an ECGOF shareholder. I will wait to see how ECGOF opens up tomorrow. I tried to get some at 11 3/8 today, but didn't get filled.
The more I think about it, I will try to buy more ECGOF instead of DBCO. Let's for all involved that the DBCO management shenanigans are thru and we can get this deal thru.
Mark |
