Dominion Bridge Corp. (DBCO) Message Board

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

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To: Baoho Chang who wrote (506)	3/21/1998 12:50:00 AM
From: Chien Li	Read Replies (1) of 535

Boaho, ECGOF's 10K says the $25m working capital and management services are to be provided on March 19th. Since nothing was announced, some nervous people thought the deal is dead and started selling. However, as you know, the Letter of Intent says that the date for the loan is March 23rd. I don't know why there is a discrepancy and which date is right. I also think that the initial sell off triggered some stop losses, which further accelerated some panic selling. Of course, it is equally possible that someone(s) knows some bad news, and that was the biggest fear causing today's reaction. If the deal is off, ECGOF would have announced it, and the Financial Post would have reported. The Financial Post has proven to be a very reliable source over the last few months. So, I suppose that no news could be viewed as good news. Chien Li

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