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Gold/Mining/Energy : Eco Logic Company ( ELI ECO ) Update
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To: J. Kerr who wrote (263)4/27/1999 2:25:00 PM
From: Ichy Smith  Read Replies (1) of 340
 
"Thanks Peter. I haven't yet received the rights offering circular so I thought you were initially referring to a press release or something like that. What are your impressions of ELI after reviewing the circular?"

Joe:

I can't understand why Eco Logic isn't pushing the product. I don't understand why they seem so inept at completing a Contract, (I am thinking of the GE deal that they lost, and the Toronto Hydro Deal that seems to have disappeared)and I don't understand why they aren't screaming bloody murder at the idea of shipping PCB's that started in Japan are now in the United States, and are going to be Trucked up to Northern Ontario for processing and then shipped to Swan Hills, Alberta to be burned. Swan Hills Record, is something to behold, or at least it was the last time I yahooed it.

IMHO our only hope is for someone to force the management to lock their salaries on to performance. Then we wouldn't need a rights offering because they would owe us money. Unfortunately with the number of shares that I own, I couldn't sell them, and pay the broker and end up with enough to make a downpayment on a Cappucino,
although I believe that the process is viable, and the product an important one, they just don't seem to be able to sell the thing. I am keeping the stock mostly because I may need a capital loss at some point. Depending on what they tell me in the next couple of days, I may pick up the stock offer. But not based on what information I presently hold.

Peter
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