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Microcap & Penny Stocks : Dominion Bridge Corp. (DBCO)
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To: Chien Li who wrote (472)2/27/1998 6:34:00 AM
From: JimieA  Read Replies (1) of 535
 
If ECGOF shares do not get to $15 then buying ECGOF may be cheaper but buying DBCO would be the better investment. Since in 3 years you will be getting paid back the debenture at a rate of $3 per DBCO share plus 7.5% interest along the way.

The deal is not contingent upon ECGOF reaching $15. The $15 is the conversion price of the notes. The DBCO stockholder will get $3 per in share in Convertible Notes. These notes will either be repaid by ECGOF on or before the end of a three year period or converted into ECGOF stock.

Assuming ECGOF does not go bankrupt the DBCO shareholders will get a minimum of $3 per share. Pus if ECGOF stock price exceeds $15, the DBCO shareholders will get additional appreciation.

I think DBCO is the better investment, assuming the deal goes thru.
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