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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: david james who wrote (1947)	3/5/1998 4:39:00 PM
From: Grommit	Read Replies (2) \| Respond to of 2841

Perhaps part of the plan is to have that CC phone number give busy signals so no explanation is needed. Lying SOBs. In January, I asked Cindy if they made the $1.20 and she said that "I cannot say but management is walking around with big grins and they are very happy".

To: david james who wrote (1947)	3/5/1998 4:42:00 PM
From: Frederick Langford	Respond to of 2841

It came across with them issuing those press releases to suck people in. McGinnis is a fraud, imho. His $1.20 mantra cost his shareholders dearly. Fred

To: david james who wrote (1947)	3/5/1998 4:57:00 PM
From: Zach E.	Respond to of 2841

Seems like there are two possibilities to me: The folks at Eco don't know how to calculate earnings, and thought that they actually were $1.20 (Bad). Or the folks at Eco knew earnings were bad and were dishonest about them to shareholders (Worse). Looks like a choice between incompetence and dishonesty. I could understand someone honestly being comfortable with estimates if they were within a couple pennies, but Eco missed the quarter by $0.12, and no amount of spin is going to make me believe that McGinnis "really meant the FY99 estimates" or some crap like that. Still long but considering leaving, Zach