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Gold/Mining/Energy : Dynamic Digital Depth Inc (DDE was Xenotech)
DDE 2.640+0.8%Mar 28 5:00 PM EST

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To: mike kennedy who wrote (67)7/19/1997 1:17:00 AM
From: David Zabrocki   of 141
 
Mike & Odi,

The house numbers on the ASE are different than those used on the VSE.

Bids
041 Latimer
066 Union
048 Yorkton

Offers
082 RBC Dominion
039 Midland
006 TD Securities
008 Research Capital

Yorkton has been XEN 's agent since the IPO so I would have to consider their bid as an effort to put a floor on the price. XEN issued a lot of shares to Yorkton clients and I believe that Yorkton still holds the majority of these shares in house. It would be in Yorkton's interest to continue to support the company. ( Do either of you know where I can access "Net House Summaries" that cover a period of years?)

I have noticed that Union often parallels Yorkton's positions on companies. These houses could work together to manage the market. Latimer's activity is a mystery to me.

On the offer side, none of these houses play a significant role on the ASE. The holders have likely given up on returns.

Dave
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