American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 1.665

-7.5%

Dec 22 3:59 PM EST

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To: Eric O. who wrote (2157)	3/13/1998 9:26:00 AM
From: MARK BARGER	Read Replies (2) of 2841

Eric, I saw that post referring to the fund getting out of ECGOF and DBCO. Probably true. The ask size was huge all day yesterday, with very little bide size to support the price. I'm surprised we didnt' hit the 8's yesterday. We need some farsighted fundmanager to see this stock for what it is; a badly beaten down stock whose company has great earnings. Seems like farsighted fundmanager is an oxymoron. It may get ugly in the next month or so. But there is no way I will sell at these prices. If ECGOF only makes $1.20 in fiscal '98 that puts us at a P/E of less than 7. Mike and co. have really dug a hole for the stock. Hopefully they will let a decent investment bank do the DBCO deal and give us some badly needed respectable Wall Street coverage. Buat, until the institutons feel they can trust the management, we will languish. Mark

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