In for more JDX at .82
Thought this would be a good time for an overview of JDX for people new to the thread.
Although their name is Jordex Resources (JDX) they have been completely out of the mining industry for over 8 months and will likely change their name to reflect their move into the internet/resource sector.
Shares issued: 30.2 million
After the recent private placement to medsite.com, JDX will have approximately $21 million in cash with no debt. In addition they have an old resource assets, which has a current market value of $1,020,000. They have no plans of returning to the mining industry and will likely sell this asset when commodity prices rebound.
The insiders now own a total of 5.9 million shares and have been accumulating like crazy for the last 8 months. In the last 8 months the insiders have purchased 3.7 million shares (2.4 on the open market) at prices from .45-.70. According to the most recent Sedar reports (Carlson Online) none of the current insiders has sold a single share in the last year.
Carlo Civelli - 1,441,666 shares and 600,000 options for prices .60-.81
William Staudt - 2,165,000 shares and 800,000 options at $0.49.
Brian Hinchcliffe - 2,274,000 and 225,000 option that are out of the money.
Other officers of JDX have a total of 1.2 million options that were out of the money as of April 19, 1999.
Both Mr. Civelli and Mr. Staubt were brought on by JDX 6 months ago to spear head JDX's move into the internet/technology sector.
Mr. Civelli - well know promoter with some serious connections.
techstocks.com
Message 9859145
Message 9859786
Message 9860003
Mr. Staubt
techstocks.com
JDX has the money and the players. Now they have their first deal and it looks great. How is that for hype <ggg>
Best Regards
KEITH
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