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

To: MARK BARGER who wrote (478)	2/27/1998 10:34:00 AM
From: Chien Li	Read Replies (1) \| Respond to of 535

The AOL ECGOF board just posted that a company called Royal Millennia Group Ltd. (RMGL) intends to buy (all cash) Davie for a total purchase price of US$10 million. Someone please verify the source of that news. Chien Li

To: MARK BARGER who wrote (478)	2/27/1998 11:54:00 AM
From: JimieA	Read Replies (3) \| Respond to of 535

I do not think the upside will be limited to $3 per DBCO share. I read the ECGOF press release that if ECGOF stock trades at above $16 then ECGOF could call the convertible notes. As is standard in convertible notes, if a convertible note is called by the issuer, the holder can convert the note into stock. Therefore the convertible note holder can get the down side protection at $3 with unlimited upside potential plus 7.5% interest. Normally the conversion price is normally higher then the current stock market price, because the note has downside protection and pays interest. Good luck on your choice. It's getting so late for ECGOF earnings they could announce the FY98 1st quarter as well as FY97 4th quarter.