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

To: dainy who wrote (494)	3/4/1998 7:08:00 PM
From: david james	Respond to of 535

It would be interesting to know how common these large Golden Parachutes are. In a way, they serve as a form of poison pill to block a hostile takeover. I couldn't find that in the recent filings. Do either of you have a sources for your info? The salary and the loan to McGinnis (mostly to buy Eco shares, I believe) are public. But I have not seen the golden parachute details, which I assume only take effect if Eco was bought out and McGinnis replaced. Yes, both companies are late with earnings. But we will soon see whether if that is where the similarity ends. I suspect DBCO shareholders would have been quite happy to have earnings late if they had been able to post a profit and growth each year. This is news from the Royal Millenia Group. They seem to have a very odd way of announcing news. Also suggests that their interest in a company like Davie, was not from a serious interest in entering the Oil services and fabrication industry. Company Press Release Telepresence Comments on RMGL Release BURNABY, B.C.--(BUSINESS WIRE)--March 3, 1998--On Thursday, February 26, 1998, Royal Millennia Group Ltd. (OTC BB:RMGL - news; ''RMGL'') issued a news release indicating that it has acquired 19.9% of the issued and outstanding common shares of International Telepresence(R) (Canada) Inc. (''ITLP''). RMGL also stated that it will appoint two additional directors to the board of ITLP and that RMGL intends to provide ''the necessary capital and proven management techniques for business development.'' ITLP wishes to announce at this time that it has not appointed two additional directors to the board nor has it agreed to do so. Further, ITLP has not engaged in any detailed discussions with RMGL regarding financing or the provision of management services. ITLP does confirm, however, that it has been contacted by RMGL on a very preliminary basis regarding the development and exploitation of its core technology. The common shares of the company are quoted on the Canadian Dealing Network Inc. (CDN) under the symbol ''ITLP''. The current number of issued and outstanding common shares is 28,235,777. For further information, please contact Nigel Horsley, Corporate Communications, at (604 444-4222).

To: dainy who wrote (494)	3/4/1998 7:12:00 PM
From: Chien Li	Read Replies (1) \| Respond to of 535

Dainy, Since you are intelligent enough to read the 10K, then you should find what I posted was from the latest SEC SC13D filing by DBCO and ECGOF. You claim to know about the golden parachutes and want to defend the management of DBCO. Why don't you explain to us what those terms mean: -------- (3) Cause the Dominion Bridge Corporation to: (i) Write-off or cancel the US $1,850,000 subscription receivable. (ii) Cancel the Roger Miller/Fidutech International guaranty for Edinov Corporation transaction. The total amount was written off as of September 30, 1997 fiscal year end. ---- (5) Satisfactory release of Michel L. Marengere, Nicholas Matossian and Rene Amyot from personal liabilities relating to Dominion Bridge's outstanding fiduciary deductions of approximately Can $14,500,000.