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

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

ECX 1.670

-1.8%

Dec 12 9:30 AM EST

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To: MARK BARGER who wrote (2657)	7/8/1998 1:44:00 PM
From: Peter H. Mack	of 2841

Mark... Excellent review.. When I first got into this sometime back, Mcginnis could do no wrong. He was touted as the genius behind the company. At that time the goals were to get the revenues up through acquisitions. If I remember right, they were talking billion dollar company. Obviously Dominion was key to this plan, but we didn't know it then. They have been fairly successful getting the revenues up, but the expense was dilution of the company. Going hell bent to grow it, has cost us a bunch. Going into Dominion via the back door looks a little risky to me. They have promises of revenue and also losses. Dominion's finances were bad enough to make a real opportunity for ECO,...(maybe). I suspect that ECO's need for cash is still pretty heavy and now their opportunities for financing are becoming poorer. I am not that optimistic about their prospects at this time either. regards pete

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