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Microcap & Penny Stocks : Dominion Bridge Corp. (DBCO) -- Ignore unavailable to you. Want to Upgrade?

To: david james who wrote (368)	1/16/1998 9:50:00 PM
From: Harry_Behemoth	Respond to of 535

Million dollar a day loss? Whew! What about the effective tax rate of 44%! Seems the North American losses could not be used to offset earnings from the Aussie company due to tax jurisdiction reasons. Cash flow problems...

To: david james who wrote (368)	1/16/1998 11:32:00 PM
From: Chien Li	Respond to of 535

I guess that this is what we are really looking for: ----------------------------- SUBSEQUENT EVENT -- JANUARY 16, 1998 On January 16, 1998, the Company received two offers from potential investors. One offer calls for the purchase of treasury shares for a minimum of $16 million while the second offer involves a working capital loan combined with the purchase of all outstanding common stock of the Company. These offers are subject to approval by the Board of Directors of the Company and by the shareholders of the Company, as appropriate. A meeting of the Board of Directors will be held no later than January 23, 1998 to review these and any other offers which may be received, and to make recommendations to the shareholders. The proposals are also subject to certain conditions and regulatory approvals. -------------------------------------- So now there are two "offers". The 10K has several hundred pages. Hard to go through all the details. Chien-Wei

To: david james who wrote (368)	1/17/1998 12:02:00 AM
From: Chien Li	Read Replies (1) \| Respond to of 535

With regard to Davie's oil platform business which is probably what American Eco is interetsed in. There "could be" $200-400 million backlog: --------------- As of the date of this report, the Company had confirmed contracts in the shipbuilding and repair segment for approximately $12 million, approximately $7 million of which is to be completed during fiscal 1998. This backlog does not include signed contracts for the significant upgrade of the production platform, Spirit of Columbus, or the new building of two deep-water drilling platforms, Amethyst II and Amethyst III. These contracts contemplate scope of work for Davie of approximately $200 million, but are subject to financing and other conditions which are beyond the control of the Company. Nonetheless, the Spirit of Columbus is in Quebec City and preparatory work is underway. Although the dollar amount of the backlog is not necessarily indicative of the future earnings of the Company related to the erformance of such work,the backlog represents business which is considered to be firm. In light of this statement, there can be no assurance that cancellations or scope adjustments will not occur. and : During fiscal 1997, the Company also successfully negotiated contracts for Davie for the upgrading of the oil production platform Spirit of Columbus and the new building of two deep water semi-submersible drilling platforms, Amethyst II and Amethyst III. Based on their current specifications, these contracts would involve approximately $430 million of procurement and construction business for Davie and DBI to be completed over approximately two years. Furthermore, the Company recently learned that the proposed operator of Amethyst II and Amethyst III is considering upgrading the specifications for these platforms to permit them to operate in even deeper water. These contracts are subject to a number of contingencies and there can be no assurance that the contracts will proceed as currently planned. ------- Are those oilplatforms related to the Sable or Terra Nova projects ? Chien-Wei