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

To: dainy who wrote (383)	1/22/1998 11:47:00 AM
From: Baoho Chang	Read Replies (1) \| Respond to of 535

Hello, dainy. I was very excited when the buyout news just came out, thinking that DBCO would move above $3 and a final purchase price of $4 is possible. The fact that the DBCO stock is even having trouble to reach $2 now, however, caused me to trim my expection significantly. I now think that a buyout will eventually take place but the final price will be only between $2.5 and $3. It appears to me the problem is that the management of DBCO is carrying too much liability. I could not think any other cases in which management of a company is damaging its company so badly. Personally I'd like to see DBCO to be sold for $4-$5. But the movement of DBCO stock simply does not suggest so. Regards, Baoho

To: dainy who wrote (383)	1/22/1998 11:55:00 AM
From: MARK BARGER	Read Replies (1) \| Respond to of 535

I may be wrong, but in my humble opinion the market is trying to tell us something about the DBCO buyout deal. For the last 2 weeks, try as it may, the stock simply cannot get over $2. Apparently DBCO management has not been persuasive enough to potential suitors to push the asking price significantly above this range. A shame this sleeping giant is wallowing in this price range. I think a buyout price above $4 is a pipedream. How often do you see stocks bought out at a 100% premium to the current stock price. I feel any buy out will be for less than $3. We shall know soon enough. Mark