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Gold/Mining/Energy : SMM on TSE - Simmonds Capital -- Ignore unavailable to you. Want to Upgrade?

To: Brad who wrote (189)	4/25/1999 12:46:00 AM
From: Shaw	Read Replies (1) \| Respond to of 372

My thinking as well Brad (good for SMM), Scenario: If SMM owned 8.3M shares of Amer Digital (currently) and it did take off to, say, $2US, SMM would be sitting on ~$24M CDN. This is about double their current market cap. If the mkt. is as confused as I am about what they do own, and SMM's share price does not adjust accordingly, there could be a huge arbitrage opportunity. I've seen some companies trade at 50% of book before, but not for too long. That is why I'm a little obsessed to find out SMM's actual current ownership of AD. Regards, Shaw