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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
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To: Peter H. Mack who wrote (2256)3/25/1998 7:41:00 PM
From: david james  Read Replies (1) of 2841
 
From what I've heard, Bruce Tobeksen was previously at Chemical Waste Management, which I think was a division of Waste Management (WMX) and I believe he is a CPA. I can't find anything on the web about this though. Hopefully we will see a press release soon if Norris was indeed 'promoted' to COO and Tobeksen to CFO.

I know a number of people that will consider this move to be a big positive if this is the way it goes after the way the last earnings turned out.

I noticed this on the 10k with reference to SRS

At November 30, 1997, the Company's total investment in these joint ventures is approximately $3.7 million and the Company has receivables from the joint ventures of approximately $1.5 million. During 1997, the Company sold and leased certain equipment to the joint ventures in the amount of approximately $5 million. The Company has deferred profit on these transactions to the extent of its ownership interest in the amount of approximately $1.6 million.

That $1.6 mill deferred income would be almost 10 cents. I suspect this is part of the disagreement with Coopers, and would have given us $1.18 if it was allowed. But at least it should appear in the following quarters.

David
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