Dominion Bridge Corp. (DBCO) Message Board

STOCKTALK

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.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MARK BARGER who wrote (478)	2/27/1998 11:54:00 AM
From: JimieA	Read Replies (3) of 535

I do not think the upside will be limited to $3 per DBCO share. I read the ECGOF press release that if ECGOF stock trades at above $16 then ECGOF could call the convertible notes. As is standard in convertible notes, if a convertible note is called by the issuer, the holder can convert the note into stock. Therefore the convertible note holder can get the down side protection at $3 with unlimited upside potential plus 7.5% interest. Normally the conversion price is normally higher then the current stock market price, because the note has downside protection and pays interest. Good luck on your choice. It's getting so late for ECGOF earnings they could announce the FY98 1st quarter as well as FY97 4th quarter.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next