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

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To: J. Kerr who wrote (237)3/3/1999 11:29:00 PM
From: Tom Jordan  Read Replies (1) of 340
 
the latest news release went over like a lead balloon. Seems like no one is paying attention. Market cap is under 5 mil; The Auzzie plant alone must be worth that much. (if 2mil is 75% of 7 months, the plant does +/- 5 mil/annum?? ) what are the margins in this biz?

I hope we hear from Japan soon, as regulatory approval means immediate cash payment for more machines.
It's ironic, aside from the cash crunch, the company's financials are the best they have been, (mainly due to cost cutting.)

Apparently Shari has moved on. Not sure if it is downsizing or not, but she still works part time for ELI. Too bad, she was very helpful and a definite asset to the co. Hello Shari and good luck!

regards, tj
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