SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF -- Ignore unavailable to you. Want to Upgrade?


To: Hart who wrote (116)4/12/1999 5:53:00 PM
From: Mr. Oil  Read Replies (2) | Respond to of 776
 
In case folks didn't see this...

>>SIGNATURE BRANDS LIMITED - ANNOUNCEMENT

TORONTO, ON--

Signature Brands Limited ("Signature") announces that on December
30, 1998 it completed the sale of its operations to Weston Foods
Corp. The acquisition was approved by shareholders at a special
meeting held on December 29, 1998. Signature will now consider
various offers to acquire the company which will remain listed on
the Toronto Stock Exchange.

For further information contact:

James Fisher, Director
(416) 869-4004 <<

Obviously SBX has gotten out of the food business. With cash now in hand, (aproximately $6,000,000)and no debt they are now available to be bought and to make a deal with some other company which will propel them to new heights. It is obvious to most that the future is wide open with internet business opportunities. While the deal with CD Plus.com is not yet a certainty there is a very good indication that the company wants to make a move into a profitable and growing business endeavor. If SBX fails to conclude a deal with CD Plus.com it is only a matter of time and another deal will be considered with another company. The food business is gone...the cash is there and the motivation is high to get this share value cooking.

In light of the obvious interest the announcement on Thursday generated, the company will have received a huge signal that they are on the right track. I am hanging in here till we see what happens. One way or another I am expecting the company to bring in a new opportunity to grow the shareholder value. I have bought again today to reduce my average cost. I don't think folks should be too discouraged yet. The sights of management are pointed to much bigger things. FWIW.

Ray



To: Hart who wrote (116)4/12/1999 5:59:00 PM
From: Fred C. Dobbs  Read Replies (2) | Respond to of 776
 
Okay, something relevant

newsalert.com



To: Hart who wrote (116)4/13/1999 11:34:00 AM
From: keith massey  Read Replies (1) | Respond to of 776
 
Steve's place has probably the biggest double cheeseburger even I can't eat it all ..
but, usually via take-out as, I live right behind there.
small world .. although, speaking of small LOSSES <sbx> perhaps continue as PM .. I'm sure bookmarks are popping up and people saying .. OY YA! SBX .. wasn't that supposed to go up today?


I live on Navy Way...about a 2 minute walk from Steve's (beside the Donald street bridge). One of the sloppiest and best after bar burgers I have ever had. Really is a small world isn't it.

By the way...you can get ADSL in the area. $75/month

Best Regards
KEITH