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Non-Tech : Loewen Group -- Ignore unavailable to you. Want to Upgrade?

To: Steve Johnston who wrote (201)	6/15/1999 9:28:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 277

Traded well on New York to-day as well.172 trades for 2,906,500 shares and $931,000 in volume.The 60 million they are getting may help them with the re-organization while under protection.To-morrow will tell the tale IMHO... The Osprey

To: Steve Johnston who wrote (201)	6/15/1999 9:50:00 PM
From: Daniel Chisholm	Read Replies (1) \| Respond to of 277

Dunno. Trading on the NYSE did resume today, the first day since 20 May. Volume was unusually high, 4.1M on New York, 6.9M on Toronto. I did notice an SC-13 filed by on behalf of Ontario Teachers, they sold over a million shares today, finally exiting their position. Anyhow, I don't see how either one of the foregoing facts would have a material bearing (one way or the other) on the stock price. I don't see why any shareholder could possibly think that they will get anything for their shares following the reorganization, especially since Loewen issued a CYA-type press release to that effect. - Daniel

To: Steve Johnston who wrote (201)	6/16/1999 9:01:00 AM
From: Dennis Lefebvre	Read Replies (1) \| Respond to of 277

Steve Johnston, This may be why it stop falling and now climbing a bit. Globe says Taylor dumps Loewen stock for pennies a share Loewen Group Inc (The) LWN Shares issued 74,056,090 Jun 15 close $0.455 Wed 16 Jun 99 In the News Also Canadian Imperial Bank of Commerce (CM) The Globe and Mail reports in its Wednesday, June 16, edition that an investment fund run by Thomas Taylor has sold off its holdings in Loewen Group for pennies a share. The Globe's Paul Waldie writes that the shares were held by Mr. Taylor's company, TWI-FM of Fort Worth, Tex., on behalf of the Ontario Teachers Pension Plan fund. Mr. Taylor controlled nearly 10 per cent of Loewen's shares on behalf of Teachers before Loewen filed for bankruptcy protection in Canada and the United States on June 1. In a securities filing yesterday, TWI said it sold nearly five million Loewen shares between June 6 and June 15. The price ranged from 25 cents to 33 cents a share. The filings indicate that Teachers paid $140.6-million for its Loewen holding. Based on yesterday's information, Teachers' shares sold for about $1.5-million in total. According to the filing, TWI no longer has any shares in Loewen. Loewen's largest shareholder is the Canadian Imperial Bank of Commerce which owns about 10 million shares, or 13.6 per cent, says The Globe. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com