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Gold/Mining/Energy : ECGOF: Anyone following this company?
ECX 1.765-5.1%2:28 PM EST

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To: Frederick Menslage who wrote (129)2/19/1997 6:52:00 PM
From: Frederick Menslage   of 269
 
Cruttendon Roth Conference Brief

Michael McGinnis was the representive for ECGOF. He is a powerful speaker. You can see he is the force behind company. I am sorry to say i was late. Caught the tail end of his presentation.

CHEM Power deal to close within 7 to 10 days.

If they make no more acquisitions other than CHEM, they will do $250,000,000 in sales in year end November 1997. They will earn $1.20 per share in year end 1997. They will do 1 Billion in sales for the year end November 2000.

The management has backed up and done or bettered their previous projections to date. "We have delivered on every committment we have made" said McGinnus

Their market is 126 Billion and their goal is to get 2%. Today it's 2/10's of 1%.

Nothing new.

FM
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