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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 (2480)	5/22/1998 3:35:00 PM
From: Czechsinthemail	Respond to of 2841

David, I think you are correct that one of the benefits of the bond placement will be additional coverage. We should see some additional analyst coverage from Jefferies and perhaps some buying in anticipation of it. Though I have no sense of news waiting in the wings, I wouldn't be surprised if they did drop something on the wires to goose the stock price before the annual meeting. I'm sure they would prefer to see more smiling faces there. Baird

To: david james who wrote (2480)	5/22/1998 5:42:00 PM
From: MARK BARGER	Read Replies (1) \| Respond to of 2841

Hi david. I unloaded the rest of my position in ECGOF yesterday. Just too many other placec I wanted to put my money. I like ECGOF and it's potential, but until management can correct the blunders of the last 12 months, I'm afraid it will be an up hill battle (ex. misleading earnings ests., EIFH investment, profit margin decline, Chempower debenture/debacle dilution, lack of analyst coverage, etc.) IMO Mike didn't do his homework when hiring Mr. Norris last year and took the easy way out, without waiting for a high quality CPA/CFO. I think the new guy (Torbekson sp?)will help tremendously, his credentials were impressive. Does anyone know if Norris even has is CPA certification? Anyhow, last years blunders were caused by lack of financial expertise. I'm still not quite sure what the problem is with the shrinking profit margins. The other thing I've mentioned several times that makes me uncomfortable with ECGOF, is the "good old boy" close ties between ECGOF,DBCO,EIFH,Deere Park. IMO they have made some pretty dumb management decisions to do favors for their various buddies within this group, and as a result ECGOF has suffered. I bought ECGOF on what I thought was the premise that McGinnis would lead us to the promised land. I had unrealistic expectations. ECGOF is in a great industry, is way undervalued by any means, and would have to rated a buy rather than a sell at this time. But, I have seen my investment do nothing but decline for the last 8 months, along with the company fundamentals. I honestly hope ECGOF turns around and hits double digits in the next couple of months. I have learned a lot following ECGOF for the last 18 months. Good luck to all! Mark