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

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

ECX 1.735

-2.3%

1:54 PM EST

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To: Serge Collins who wrote (2675)	7/10/1998 11:35:00 AM
From: Carl Santavicca	Read Replies (2) of 2841

In the CC McGinnis states that he was personally going to see that he returns the company to profitability. Well, if they didn't have that 2.4 Million dollar charge, ECO would have posted a profit. Which gave me the impression he thought he still could hit his year end number - which I hope I misunderstood. The question I have for an accounting type person is - When Eurostar and EIFH payoff the monies for there respective companies, is that money considered earnings ? Is this how McGinnis feels ECO can still hit there number for the year ? On another thought, everybody talks stock but back. If McGinnis believes sooooo much in ECO. Instead of taking salary, why doesn't he and his VP's start taking stock as compensation ? I would like to see the big boys have a personal stake in the company other than exercisable options at low prices which they were just given.

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