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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF
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To: Ed Pakstas who wrote (567)5/17/1999 8:24:00 PM
From: Syncrude  Read Replies (1) of 776
 
Ed,

Yes pretty ridiculous what people are willing to fork over for close-to-empty shells. But I guess these mining-exploration-companies have been able to put an internet-mask over it, add their experience as promoters and voila, you get suckers to buy the stuff.

As SBX is not an Internet stock, limited e-commerce only, I doubt that the rise will be prolonged nor will it last. Look at the assets, look at the margins in a declining market arena, look at the very HUGE number of shares (PS. Your shares won't be restricted), and then try to compare with other e-commerce stock with a straight face (LOL).

I hope it does go up enough to let us out with a fair profit. But I don't agree with the posts here that suggest that anything remotely close to a BILLION market cap is realistic.

For those holding a longer term view, at least CDPlus operates a real business, has income and profits. Does this support several hundred million dollars of market cap is something else. With more and more competitors every week, it will be a big task. How successfully they will be able to grow revenues through diversification and keep making profits, remains to be seen. I have no reason to doubt that they won't succeed, only that market expectations may be at variance to posters heres when it comes time to price the shares.
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