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To: Scott Mc who wrote (1106)	6/14/2001 12:31:17 AM
From: whitepine	Read Replies (1) \| Respond to of 11633

Scott, I don't believe we have reduced discussion to name-calling. My focus is Primewest and their recent dilution. I am less familiar with other examples. I can't comment about AY.UN. Decent dividends mean nothing if capital losses from dilution negate earnings. whitepine

To: Scott Mc who wrote (1106)	6/14/2001 3:38:57 AM
From: Peter W. Panchyshyn	Respond to of 11633

I think I can simplify this discussion to 1."Is someone taking advantage of inside information to profit from the share dilution" 2."Is this a wise way to raise funds" We seem to be getting personal, nevertheless some good discussion. Re #1 If someone is, it is on a pretty small scale, lets face it AY.uN is selling 2million+ units, volume was up at most 10K shares per day, so I would say maybe someone's aunt or friend. Short History for AY.UN Symbol Exch Report Date Volume Change AY.UN T 2001-05-31 48,887 20,000 AY.UN T 2001-05-15 28,887 -32,300 --------------------------------- As I expected. On a pretty small scale. Hardly what one would expect if it were a major instituion. As some here would have liked us all to believe. ------------------------------------------------------------------------------------ Re #2, I guess the jury is still out as opinion seems divided, it is certainly the quickest and easiest. ------------------------------- As you may recall I had said easiest - no cost to the trust ----------------------------------------------- Peter

To: Scott Mc who wrote (1106)	6/14/2001 9:30:30 AM
From: stan_hughes	Read Replies (2) \| Respond to of 11633

Scott - I appreciate you trying to put some sense of scale on the issue, but those short position figures only cover the mandatory reporting requirements for a specified date. They do not reflect the short position on a continuous basis. The swine who profit from frontrunning would have sold the issue for a few days ahead, especially on Monday, June 11, and then covered at their first opportunity. Consequently, their temporary short position will never be reported. While we're on the topic, those reports also do not take into account any undisclosed shorts. You will never hear about those, even if the TSE does catch the firms with their books offside, because they don't publicly admonish brokers on such matters. When they do it at all, they do it in the smoke-filled back room where the public can't see.