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

To: John S who wrote (473)	5/9/1999 6:35:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 776

John... House positions should be used only as a guideline and/or an indicator as to which brokerage firms are selling shares on behalf of large/mutliple shareholders and which firms are accumulating shares on behalf of a multitude of clients, several insiders or institutions .... A primary indication of firms selling on behalf of large shareholders is the indication that they purchase a lot less than than they sell... For instance... This month Thompson Kernaghan sold 609,075 shares while they only purchased 14,000 on behalf of clients...Obviously the rest of the TK brokers don't want to place their clients into this play as they know that one or more of it's brokers have a large amount of shares to sell... An indication of when TK may be finished unloading is, if and when, other broker's in that firm begin to purchase... The same applies to Global Securities... They have sold 439,683 while the firm has only purchased 15,000 on behalf of clients... Now on the other hand, it's obvious that brokers working for Dominion Securities like this play, as they have purchased 1,331,668 shares and only sold 478,383 for a positive net House Position of 853,285 shares...Now that can be on behalf of a multiple of clients, single clients, insider's and or institutions... There is no way, we as the general public/investor can determine who is buying.... A clearer picture is obtained when one takes two or three months of House Positions into consideration... >>>Brokers do trade for their own profit ? Yes they do, but 99% of the time not on behalf of the firm...It's more for their personal accounts... Sometimes brokerage firms will finance company's on behalf of institutions and insiders and they will be paid in the form of shares rather than cash, rarely do they get into it themselves unless it's an exceptional situation... These outfits don't like to tie up large sums of capital for long periods of time... Keep in mind these companies get paid a commission for the purchase and or sale of shares... If they aren't buying or selling on behalf of clients they aren't generating any cash flow...No cash flow, no pay cheques, no brokers, no entry into office.... But then again, what the 'ell do I know... ...ed

To: John S who wrote (473)	5/9/1999 7:56:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 776

John S, You can't really rely 100% on such statistics, as securities can be purchased and delivered from one brokerage firm and then sold through another. As well, for the same reasons, it is difficult if not impossible to know what the starting position may have been. In addition, transactions can also be made for the benefit of the brokerage firm's own trading account.

To: John S who wrote (473)	5/9/1999 11:10:00 PM
From: PROBABILITE	Respond to of 776

John S. , I see that others have responded to you. It is wonderful the work of team. They have well responded. In my analysis of volume (post #425), Brokers don't trade for their own profit. I make (or guess) a link with the warrants and TK + Global. Those two house have sold 8.8 million since April 8 1999. That make 39% of outstanding share. They owe to be near of the company (39% it is much). If you believe that the deal is done and that those two house are near of the company, they can't to be seller. It stay one explanation. They sell a lot of share that they don't have. It is the new shares with the exercise of warrant at 0.175 and 0.50. The pattern of price of SBX since April 8 1999 match with exercise price of warrant and date of sale of their shares. The maximum of new shares is about 12 million. If my guess is correct, this wall of seller will fall soon. My analysis explain the price of share and seller. The most important for us is that the deal will be done or not. Good luck at all. PROBABILITE.