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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.685+5.3%10:54 AM EST

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To: B Pos who wrote (2630)7/7/1998 1:28:00 PM
From: Hawkmoon   of 2841
 
And as an addendum, I spoke with one of the IR types and she confirmed that knew of several other individuals at the company that were buying stock. She would not confirm that officers were buying stock, but neither was she doubtful this this was probably going on.

Look for Form 4's to be filed in the near future.

One issue speculatively on the table seems to be bringing in an outside management consultant, such as an Arthur Andersen, to assist.

But that is only speculation. But if I have my say, it had better happen in order to restore confidence that action is being taken. (PR folks said that Mr. McGinnis is VERY SERIOUS about cleaning up this issue, and is open to all suggestions.)

Conference call can be heard at 1800-377-4865.

Regards,

Ron
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