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

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

ECX 1.775

0.0%

Dec 10 3:59 PM EST

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To: Eric O. who wrote (2689)	7/15/1998 10:54:00 PM
From: david james	Read Replies (1) of 2841

Eric, It sounds like they will still have 1 mill shares of EIFH after the deal, so even with the present price of around $4/share, it sounds like the USIS stock would need to be under $2.80 for Eco to show a loss. Selling their interest at levels above that should result in earnings. Its also not clear to me that they loaned EIFH/USIS the entire $20 mill - I thought it was closer to $19 mill and change. Sounds like it will add $5 mill to cash flow this quarter - with the rest added to cash flow in the first quarter 99. David

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