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

To: Baoho Chang who wrote (508)	3/21/1998 5:10:00 PM
From: Chien Li	Read Replies (1) \| Respond to of 535

Hi Baoho, When it was $2/share, the annual return would be 26%/year for three years per ECGOF's offer. Now, the total return would be 40%/year. If the deal is still on, I expect the price to jump right back. It would be good for the new buyers, but many long-time DBCO holders, including me, would get very little out of the ECGOF's deal. If ECGOF does not sweeten its offer, I'll be interested in finding any alternative, especially an immediate cash offer, out there. MDC is trading at US $1.92 per share at the Australian stock exchange as of Friday. I'll be surprised that DBCO can't find a buyer for its 63% MDC stake for $2.5/share. I don't understand why DBCO can't maximize shareholder's value by looking into all alternatives, including selling it by piece. Like you said, ECGOF is heavily leveraging to get this deal done. Why would DBCO shareholders risk waiting three years to get that $3, and why would they belive that ECGOF can pay $100 million then? By the way, don't forget that the DBCO managements do hold 6-7 million shares. Chien Li