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

To: Duncan who wrote (462)	2/25/1998 9:44:00 PM
From: Michael Anthony	Read Replies (1) \| Respond to of 535

I was considering buying DBCO shares, but the 1/3 every 180 days is a little restrictive for my tastes. Anyone think Eco will get to 15 sooner because of this arrangement? Or will it languish? As DBCO shareholders, I would think you guys would want it solidly ABOVE 15 when 6 months rolls around, correct? We as Eco shareholders want that. Anyone see a reason that Eco should not trade to 15 within several weeks if earnings are good? It looks win-win at 15 or higher, but that's what makes me nervous :)

To: Duncan who wrote (462)	2/26/1998 8:41:00 AM
From: JimieA	Respond to of 535

Why would not the compensation to DBCO shareholders be called "Convertible Debentures"? Based on what I have heard from you and others. They will: bear interest, maybe at 7% convertible into ECGOF common stock at $15 per share callable by ECGOF at par They may have other restrictions such as not being immediately convertible. Which is no big deal, since the note holder will generally hold the note and collect interest. Any appreciation in the underlying stock will be reflected in the price of the notes. In summary: I assume that if I have 1,000 shares of DBCO. ECGOF will issue to me $3,000 of ECGOF convertible notes. Paying about 7%; convertible into ECGOF stock at $15/share (200 shares); callable at par; at maturing in three to five years. How does this look to you?