Electrohome (EL.X-T,EL.Y-T)Baton Bcast (BNB-T) CTV Event Message Board

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Gold/Mining/Energy : Electrohome (EL.X-T,EL.Y-T)Baton Bcast (BNB-T) CTV Event

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To: Scott Mc who wrote (5)	11/27/1997 12:51:00 PM
From: csm	Read Replies (1) of 38

Scott, Press Release. Check the last bit. Each share of Electrohome has the equivalent of $19 of BNB. They could hardly say this any clearer. Market reaction - no trades today! I guess EH management is a little miffed at giving up their income stream from the TV stations in return for a bunch of paper that is being discounted heavily in EH's value. I wouldn't totally give up on the idea that they would declare a dividend of .875 (or whatever) BNB shares per share of EH except that that would really tank the share price of EH. It'll be interesting to see what they do, but they seem quite impatient and sound like they will do something sooner rather than later. I guess we'd all like to see the share price at $20 or better, eh <g>? Stu.

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