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Gold/Mining/Energy : Eco Logic Company ( ELI ECO ) Update -- Ignore unavailable to you. Want to Upgrade?

To: Tom Jordan who wrote (285)	10/14/1999 5:22:00 PM
From: Steve Johnston	Read Replies (1) \| Respond to of 340

The problem are that Eco Logic is running out of cash. As well, they have failed miserably in attracting reputable brokerage firm coverage which could have, along the way, helped raise operating cash through private placements. As a result, they are now a penny stock with precious few financial options left, while they wait to become an earnings driven company from future contracts/revenues. So far, the shareholders have bailed them out twice via rights offerings. This time I do not know what will happen. Looks like they might sell blocks of shares to strategic/contract partners. In any case, it means more dilution and the nearing possibility of a reverse split, not too far down the road. It could have been a much prettier picture if they had kicked the founder out sooner. Regards.