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

To: Eric O. who wrote (2016)	3/5/1998 8:10:00 PM
From: Anthony W	Respond to of 2841

Eric, That was my take as well. That the 1st quarter will be bad..like usual, but then he seemed to suggest that with the taxes this year, it will be worse. I could be wrong in my assessment, but I thought he said that the first quarter is typically slow, and that now they are taxed. Im very disappointed with the company and I called and expressed that disappointment. Im selling tomorrow regardless of the price. Perhaps, long term, this will prove to be the gem I thought it was, but there are too many other stocks out there that will be a better place for my $$. I also have to say that I no longer trust Mike.

To: Eric O. who wrote (2016)	3/5/1998 8:12:00 PM
From: Bruce Rogers	Read Replies (1) \| Respond to of 2841

Nope, you got it right. There was nothing positive about the conference call, and certainly no reasonable/believable explanation as to why up until a couple of weeks ago they were comfortable with .37 for the quarter (to make 1.20 for the year) and missed it by 33%. They clearly knew this last week and word got out to some, and if the delay until today were to try and come up with some plausible excuses, well, they wasted the week because, as you correctly noticed, their answers were doublespeak at it's worst. Don't believe me? Go listen to it--I don't know where but usually the tapes are available for some period of time.