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: MARK BARGER who wrote (2466)	5/14/1998 5:31:00 PM
From: Hawkmoon	Read Replies (1) of 2841

Hopefully the buyer of the 20,000 shares at the close is a sign of more buying to come. Of course it is!!!! Why else do you think I bought???!!!! I'm in here buying someone else's fears and doubts. We have a company that just announced a $65 million JV, has a P/E of 7 (far below its growth rate), a BB-(positive) $100 million bond issue that will both erase all existing debts and end the dilution factor, as well as providing more than enough working capital to finance some BIG projects. (It also doesn't hurt that the IB's doing the bond offering have it in their best interest to make the company's stock look appealing... ie: stock support) in order to attract buyers of the bonds. It may take a little time but we're heading through the $15 level and beyond. We're about to take the training wheels off and play with the big boys. Regards, Ron

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