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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF
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To: TERRY McCartan who wrote (618)5/18/1999 9:25:00 PM
From: Syncrude  Read Replies (2) of 776
 
Terry,

Difficult to say where this is going and over which period of time. Clearly the speculators' expectations were much too high. Even at this price, the market cap is close to $100mm CDN. For a small e-commerce/conventional company with only $1mm of profits, this is very high.

I DON'T think that there was a concerted effort to get people to sell, as all of these shares could very easily have been accumulated just a few short weeks ago at these prices. The SBX shares are now day trading material. When the details of the release became public, many realized that this would not fly and dumped. I am surprised that not more shares were dumped.
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