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

To: MARK BARGER who wrote (438)	2/17/1998 8:48:00 PM
From: KZAP	Respond to of 535

IMO, They will get the money. Its not over yet! KZAP

To: MARK BARGER who wrote (438)	2/17/1998 8:49:00 PM
From: Peter H. Mack	Respond to of 535

Mark... Wouldn't the Sanda situation change as time goes by? The original deal was valued at $2.63 per share (if I remember correctly), but now with the situation tightening for DBCO, wouldn't Sanda have the option to reconsider? Again if I remember the original announcement...It was a DBCO board decision to offer approximately 6.1 million units at $2.63 each. What is Sandas commitment? regards phm

To: MARK BARGER who wrote (438)	2/17/1998 9:18:00 PM
From: Chien Li	Read Replies (1) \| Respond to of 535

Mark, You stated that they have a negative cash flow of $32 mil in 1997. That is not correct. Their 1997 operating cash flow is $3.9 mil POSITIVE, see page F10 of their 10K. They took a big hit in writing down one-time charges to clean up the balance sheet to prepare for the acquisition. Comparing their 1997 third quarter (6/31) 10Q with the 10 K, you would see that the total current assets increased from $168 mil to $170 mil. It is the increase of total current liability, from $140 mil to $167 mil, that created the big loss. In that, the increase of account payable and accrued expenses by $28 mil was the major cause. To my understanding, that is one time charge. I am as frustrated as other shareholders, but I still want to keep the record straight. Chien Li