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

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

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To: Peter Haynes who wrote (2353)	4/9/1998 5:42:00 PM
From: david james	Read Replies (1) of 2841

Well, from what I understand, if some group came in and attempts a hostile takeover, Eco can now provide the current shareholders with the option of purchasing more shares presumably at a relatively low level. This is a sort of poison pill, I suppose, since it allows eco to suddenly increase the number of outstanding shares if necessary. But in theory, if such a takeover proceeded, it would mean that the shareholders of record would be allowed to have a larger number of shares to sell. With the breakup value where it is, and with the float being a fairly large percentage of the outstanding shares, it would be possible to acquire a controlling interest. David

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