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Gold/Mining/Energy : Eco Logic Company ( ELI ECO ) Update
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To: Ichy Smith who wrote (249)3/29/1999 7:55:00 PM
From: Steve Johnston  Read Replies (1) of 340
 
The next quarter is critical. Eco Logic's loss in the last quarter dropped to $.5 million, which is approximately equal to their remaining cash reserves. If they can come close to breaking even in Q1, then we might have turned the corner. At that stage they need to barnstorm the investment community to generate some interest in what is truly leading edge technology in a growing market. Just look at Ballard Fuel Cells. They are losing tons of money but have maintained a very high share price on the promise of a bright future, way down the road. They seem to always be able to attract new capital infusion by maintaining the hype. IMHO, it wouldn't take much to get ELI moving up dramatically. To retreat to Australia would eliminate any chance of this happening. It would simply represent a strategy of cutting it's losses and slowly disappearing into obscurity. Regards.
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