Dominion Bridge Corp. (DBCO) Message Board

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

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To: Chien Li who wrote (503)	3/15/1998 5:39:00 PM
From: clear.thinker	Read Replies (1) of 535

Remember Chien Lee, the deal is only "mediocre" if it is consummated. If it is not consummated, it is a sham. Neither DBCO or ECGOF management has given ANY comfort regarding consummation of the deal. In fact, I believe that their evasivenss, lack of communication, and/or unwillingness to provide any updates regarding the progress of due diligence is (a) unprofessional and indicative of a lack of experience and poor advisors at best and (b) blatant securities fraud at worst. Lets hope for (a). As to the tax question, I believe that the exchange of a share of DBCO into an ECGOF convertible debenture would be a taxable exchange to DBCO shareholders and hence, a realization event for tax payment purposes. Note in the Letter of Intent that the parties reserve the right to recut the deal if they can figure out a better one for DBCO shareholders. As to a possible change of the ratio from 5:1 to 4:1, don't hold your breath, especially since DBCO stock has been free-falling. I'm still thinking clearly, I hope everyone else is too. Good luck. Clear.Thinker

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