Eco Logic Company ( ELI ECO ) Update Message Board

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Gold/Mining/Energy : Eco Logic Company ( ELI ECO ) Update

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To: Praxis who wrote (233)	12/27/1998 12:47:00 AM
From: Ichy Smith	Read Replies (1) of 340

Definitely think its going to be a better time for ELI in next few months. JMO Praxis: I think there are only a couple of options for this company. In the latest company mailing dated November 27th, Fred Arnold admits that they are getting short of money again..... or at least that is how I read it, and that they need more cash soon.......So they will either need to raise more money, or be taken over or go broke...... Since I got in at $6.95, I wish I was more optimistic. With luck the Japanese contract will come in, and the Japanese will simply buy controlling interest. Personally the thought of the Canadian Government having to pay the Japanese to use a Canadian technology that has been basically ignored in Canada, gives me enormous pleasure. Of course, the thought of ANYBODY paying to use this technology would be a radical improvement..........

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