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

To: dainy who wrote (388)	1/23/1998 10:30:00 AM
From: Harry_Behemoth	Respond to of 535

No need to worry about convertible debentures. ECGOF used them to purchase ChemPower and suffered greatly just like DBCO. The CEO has learned his lesson and will not use that method of financing. ECGOF will probably finance the purchase with bonds. I think the financing has been arranged with some major brokers. Others on the ECGOF thread know the purported details better than I, so you may want to inquire there.

To: dainy who wrote (388)	1/23/1998 11:01:00 AM
From: Baoho Chang	Respond to of 535

Hello, dainy. I think that ECGOF's balance sheet is already heaviely leveraged and am not sure it can be leveraged further. Frankly, I think that the best way for ECGOF to acquire DBCO is to issue more common shares. Overleverage is really bad for the stock of a company too, just like issuing more stocks, because it increases liquidity and solvency risks. The DBCO board meeting is taking place today. Are we supposed to find out the results of the meeting at the end of day or next week? Regards, Baoho

To: dainy who wrote (388)	1/23/1998 11:25:00 AM
From: david james	Read Replies (1) \| Respond to of 535

As far as Eco and using convertible debentures to buy DBCO - Absolutely no chance, no way, no how! McGinnis is now well aware of the problems this will cause. Also think it is unlikely Eco will use any financing involving significant share dilution. As mentioned in their press releases, Eco recently arranged financing with a number of major firms including Banker's Trust to consolidate their existing debt and to provide some capital for acquisitions. The last 10q also mentions extending their financing for larger acquisitions - presumably through a bond deal or some such. David