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Gold/Mining/Energy : IMARK Corporation (IAK was Durkin Hayes DHP)
IAK 70.92-0.4%Nov 13 4:00 PM EST

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To: Pierre J. LeBel who wrote (18)3/21/1998 6:17:00 AM
From: Adam  Read Replies (2) of 57
 
Hey Pierre,

It would appear that the Excel Financial Services are the company who bought 50% of Algonquin's shares of DHP. It is an investment group that may buy all of Algonquins outstanding shares.

I fear that Algonquin did not let Excel know about a multi-million dollar law suit that is currently against DHP. If Excel proceeds they might be walking their investors into some bad news.

Excel purchased the stock at CDN$0.67 a share and as you can see they are already taking a one third loss on the current market, more so if you count when they started buying.

I guess we will see what happens
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