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

-8.0%

Dec 9 3:59 PM EST

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To: david james who wrote (2707)	8/15/1998 7:02:00 AM
From: Skeet Shipman	of 2841

David, I can't understand how you still believe anything this company or it's accountants release - even SEC filings. It appears to have been an accounting pyramid acquisition scam, depending on acquisition stock and debt issuances to cover compounding negative cash flows. Kiss your stock ownership goodbye. They will be filling bankruptcy within a year with the debt holders getting anything of value. Who are the debt holders? - ??? the originators of the scam??? ( If not, they would have been offering their stock holders the right to buy bonds. ) Skeet

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