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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (258)	4/20/1999 11:11:00 PM
From: Mr. Oil	Read Replies (3) \| Respond to of 776

To answer yours and others question!!! I decided to call Mr. James Fisher today and see what things I could gleam. He seems very straight forward and took the time to answer my questions. The following is a summary of the points we discussed. 1. Things are progressing nicely with the reverse take over deal being worked out between CD plus.com. Lawyers are drafting and redrafting the agreement in hopes of getting something worked out which is acceptable to both parties with in the next two weeks if all goes well...maybe even earlier. 2. Once this is done they will apply to the TSE for the exchange approval. One of the TSE requirements for a company to be listed with them is that they must initially be a profitable company. SBX management look long and diligently to find the appropriate company to do the deal with before choosing CD Plus.com. James words about CD Plus management were complimentary and positive. My sense was that he was pleased to be doing a deal with them and they had a bright future. 3. The company, SBX will hold approximately 10% of CD Plus.com after the reverse takeover. The basis for the ratio was upon the respective cash positions of both companies. Future profits and growth would be shared in proportion to the cash investment of both entities. In my view...this does seem rather positive for SBX. CD plus.com has stores, equipment inventory, staff, an existing profitable business and an internet site which is being developed and expanded upon to increase sales and product awareness. 4. Shares outstanding are 22.6 million with approximately 6 to 7 million warrants issued in place of the preferred shares bought back at value of 55 cents by issuing warrants at a value of 17.5 cents. I think that is how it went. 5. Once TSE approval has been received then a prospectus will be sent to shareholders to give them the details of the deal. This should be received so that a special meeting should be scheduled for late June 1999 at which a vote will be taken by the shareholders to approve the deal. 6. He did confirm the cash in the company to be $2,000,000. I have given you the main points we discussed and after speaking with him I felt that we should see some news coming from management within the next couple of weeks. If you have any other questions you would like answered feel free to call him at 416-869-4004. Hope this helps all. I am confident that it is just a matter of time and we will see a positive conclusion to the negotiations. Take Care all! Ray