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Gold/Mining/Energy : CDN. MOMO PUPPIES

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To: Ed Pakstas who wrote (1440)	6/15/1999 12:48:00 PM
From: SwampDogg	Read Replies (1) of 36688

So let me know if these #s sound good to you... Each WSP shareholder was entitled to 0.125 shares of DSP that began trading this morning. DSP is all other assets of WSP except Snap Lake. DSP is now trading at $0.56 which means that each WSP share before the spin-off gives each shareholder $0.07 of value per old WSP share in DSP stock. Meaning... In the view of the market almost all the value is in Snap Lake ie the reason for the spin-off was not to separate all the value into DSP. Does this seem logical?

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