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Gold/Mining/Energy : SMM on TSE - Simmonds Capital
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To: Ed Pakstas who wrote (348)1/23/2000 11:01:00 PM
From: Buckey  Read Replies (1) of 372
 
ED - 2 hours of DD - I am so F**en confused now.

anyway I have the folder on the special meeting and basically the claim their sole assets are as follows

basically 16% of TPWR - I am thinking they have a small amount of shares as I thought they had 2.5MM shares of TPWR trades at 1.60 US
WHOA - 32 million shares ou with 18mM float - I awould assume that the SMM holdings are part of the non-float so let me get this straight

16MM shares times 1.50 say = $23MM US so on the low side lets say $30MM CDN

48% of HYCP - now HYCPE until they get all the SEC filings in order but for some reason I get no quote on SW for HYCPE but am for HYCP but it looks unquoted or maybe its the pink sheets HYCP has no Raging Bull board either. ( edit it is the pinkies) I got 18MM shares of HYCP out per am OCT 15 nr - THAT WAS UPON THE COMPLETEION OF THE sIMMONDS DEAL. So if its trading at 1.50 and I cannot verify that as the last HYPCE price is 7/8 but it shows Dec 14 as the last trade - Per Yahoo. so say a buck to be aafe - that makes that investent worth $15MM CDN maybe

Possibly because MCTL owned 88% of it at one time. so of course they get added to the DD trail

Of particular note is the return graph they put in the report - really SAD - basically say a $100 invested in 1995 is now wortth 2.90 while that same $100 on the TSE would be worth $180. whay that is in there is a mystery unless it is law.

BTW as at jan 7 23,382,291 shares out and 5,906,250 preferred shares
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