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

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

ECX 1.690

0.0%

Dec 17 3:59 PM EST

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To: JimieA who wrote (2534)	6/12/1998 12:09:00 AM
From: david james	Read Replies (1) of 2841

Jim, To understand the two press releases, you've got to understand that at one time this contract was to be entirely completed by DBCO's Davie Industries. However, DBCO did not have the financing and may have had insufficient facilities to finish the project - so was seriously in jeopardy of losing the contract. The needed Eco, but it looks like Eco required 51% of the contract and will probably provide most of the specialty fabrication through MM Industra. Anyway, DBCO wasn't likely to announce that the contract that they once had is now only 49% theirs. 49% is a lot better than none though. David

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