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

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To: Chien Li who wrote (507)3/21/1998 1:53:00 PM
From: Baoho Chang  Read Replies (1) of 535
 
Hello, Chien. It looks like we are the only two left following DBCO. One thing that I am concerned about is the financial strength of ECGOF. It is already heavily leveraged. However, in order to avoid earnings dilution, ECGOF will further leverage itself by using debt to finance its DBCO acquisition. To me, it is dangerous. I saw some messages from the Yahoo board saying that the management of DBCO continues to shop the company around in hope for a better deal despite the fact they have signed exclusive agreement with ECGOF. While I think the DBCO shareholders can be dealt with a better deal, the amount of uncertainty caused by that seems to be taking a huge toll on DBCO stock price.

Holding DBCO is perhaps a most treacherous experience to me as far as investment is concerned. I have not sold any of my shares and hopefully, things will turn out all right at the end. In any event, the end is getting close.

Regards,
Baoho
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