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


To: Chien Li who wrote (486)2/28/1998 12:41:00 AM
From: Michael Anthony  Read Replies (2) | Respond to of 535
 
If they offered cash, you guys sure aren't going to get $3/share and 7 1/2%. If it goes south for Eco though, thanks for the 3.5 million breakup fee. Then you can have RMGL as a new parent company. Look at Eco's past 4 years with Mike M. at the helm and compare that to RMGL's balance sheet (if you can find it since they are an OTC stock) and see who you want to buy DBCO. If it was such a great offer in the first place, why didn't DBCO take it? Figure it out.



To: Chien Li who wrote (486)2/28/1998 1:07:00 AM
From: Michael Anthony  Respond to of 535
 
>>......"a complete surprise." He said Dominion will only be sold with all its subsidiaries intact. "If Royal Millennia is serious, its offer should be made to Legg Mason Wood Walker Inc., our U.S. investment advisers." <<

>>But James Carswell, president of Royal Millennia, said his firm, along with Sweden's Sanda Investment Group, tabled a cash offer Feb. 20 for all of Dominion, including the senior management group's 24% holding.<<

So which is it? They made a wonderful cash offer (I thought it was 16 mill for part of DBCO from Sanda only) and management says they have no idea what they are talking about. Hmmm. If I was you guys, I'd be looking to get the Eco deal done and join a winning company. These other 2 look like the gang that couldn't shoot straight.