Signature Brands Ltd.: (SBX:TSE) SGNTF Message Board

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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF

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To: TERRY McCartan who wrote (506)	5/12/1999 8:14:00 PM
From: PROBABILITE	Read Replies (2) of 776

TERRY McCartan, I go to try to explain to you in English. First, a warrant or right, when it is exercised, give to SBX a cash equal at exercise's price in exchange from a new share. If all warrant are exercised, SBX will receive about $0.98 million (5.6 million of warrant X $0.175) for the warrant with exercise's price at $0.175 and $3.2 million (6.4 million of warrant X $0.50) for the warrant with exercise's price at $0.50. There is also the rights. SBX has now about $2 millions cash + a potential of $4.18 million (0.98 + 3.2) cash from warrant without added rights. It is very much cash for SBX. At your question : how and will this effect the price of SBX once the deal is done? I have two answer. If the deal fail, that increase the real value of shares SBX. If all warrant are exercised, SBX will have $6.18 million cash / about 35 million of share equal $0.18 per share. We will lose less. The other answer is less mathematical. CD Plus will want still more SBX with this cash. This cash go to help us for that the deal will be done. I hope that this help you and give me a feedback. PROBABILITE

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