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Gold/Mining/Energy : Electrohome (EL.X-T,EL.Y-T)Baton Bcast (BNB-T) CTV Event -- Ignore unavailable to you. Want to Upgrade?

To: Ian A. who wrote (29)	3/13/1998 9:20:00 AM
From: Scott Mc	Respond to of 38

Ian, I would say you are about right, on the other hand holding companies usually trade at a discount to their holdings (10-30%), this may not be the case here since it would be a cheap way to get a good size control of Baton by buying 51% of the spin off. The Visual business could be worth as much as 5-6$ based on P/Sratio's in my opinion. Thanks for the post, I saw it Yday, didn't put here frankly because I didn't think anyone was interested... You can see when I started this thread I was buying in the $11 range based on what I thought was almost a can't lose event. I'm very happy, haven't sold a share and added to my position twice, although I do have outstanding open orders at $20 to start selling. Might be good for $25 in total. Scott

To: Ian A. who wrote (29)	3/25/1998 4:29:00 PM
From: Scott Mc	Read Replies (1) \| Respond to of 38

Ian, in case you are interested, news release, sold 40% of my position today at 19.95. There may be a play after the split on buying the Electrohome stock, should be worth up to $5, will probably trade around $2-3? Scott Split set for April 1 Electrohome Cl Y NV EL.Y Shares issued 6,251,260 Mar 24 close $19.70 Wed 25 Mar 98 News Release Mr John Pollock reports April 1 1998 is the effective date for Electrohome's plan of arrangement reorganization. An application will be made to the Ontario Court on March 27 1998 for the final confirming order contemplated by the conditional approval order which the court made on February 24 1998; as the conditions set out in the earlier order have been met, it is expected that the confirming order will be granted. Shareholders at the close of business on March 31 1998 will become, as from the effective date, holders of the same number of shares and class of shares of two public companies: Electrohome Broadcasting Inc, the only asset of which will be a 16.6% equity investment in Baton Broadcasting Incorporated; and Electrohome Limited, which will carry on the company's visual communications business. Each company will be listed on the TSE. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com