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: Maurice Siu who wrote (34)	6/13/1998 3:05:00 PM
From: Scott Mc	Read Replies (1) of 38

Maurice, I believe the history has been posted here, however briefly they spun off their holdings in Baton (EBI.X,Y)in Mar98 1 share= 7/8 of a Baton share. The ELL.X,Y shares are the rest of their business which is basically just the projection display business and now a visualization business(see URL below).. They have recently made a strategic acquisition which may or may not work out, although seems like a good fit. At $2 a share the company is valued at approx $16mill which seems low based on potential and current revenues, I would value it closer to $5. Irwin Michael(ABC Fund Value) has an over 10% position bought at $3.50 or so... I hold fairly large positions in both ELL and EBI..Scott newswire.ca

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