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

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To: Peter H. Mack who wrote (2363)4/11/1998 8:13:00 PM
From: Duncan   of 2841
 
<<However.... Last years receivables on the balance sheet were $21,098 and this years $50,349. The expansion of receivables was the difference $29,251... What I don't understand is the cash flow section reports $15,932 vs $29,349???? >>

Good question Pete. There are many other discrepancies between the operating section of the cash flows and the 1996-1997 change in current assets/current liabilities on the balance sheet. They have truly buried a lot of information here...so I'll report back after I speak with management.

Duncan
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