T.ITE: iTech Capital (TSE) Message Board

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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: marcos who wrote (635)	6/23/1999 5:55:00 PM
From: keith massey	Read Replies (3) of 5053

Just got off the phone with Jim at JDX. Nice guy...he follows the thread so I better watch what I say. I would suggest that anyone thinking of investing in JDX or anyone that has any question give him a call at 1-800-675-1749. I asked him a bunch of questions... 1. Why the investment in medsite other than it was a great deal? Are you thinking of going into the venture capital game or are you still looking for a tech/internet company? Answer: He said they are still looking for that one great company to do a takeover. When Mr. Staubt got the opportunity to get a chunk of the private placement in medsite.com he requested the money for JDX. They saw this deal as a fast way to raise more good cash and couldn't pass it up. He did say that if the right deal with a single company can not be hammered out they would look at becoming a "mini CMGI" but a single new company is their top priority. Personally I would like to see them switch over to a new tech/internet field but I wouldn't argue with CMGI's stock price. 2. Are they going to invest more in medsite.com (PP or IPO). Answer: He said this was a one time deal to raise some more cash. 3. When are they going to change their name from JORDEX RESOURCES. Everyone I first talk to about this company thinks they are still in mining because of the name. Answer: There has already been a lot of discussion about a name change. You need shareholder approval for a name change (NOTE: this is why it usually done around the AGM ...e.g BIT). He said if they takeover a private company they will change their name to this company. 4. What is you strategy to get on NASDAQ. Answer: If we takeover a private U.S company they will want to trade on the NASDAQ. If the deal pushes the stock price higher than $5 U.S then we don't have any problem. These were his only comments. Best Regards KEITH

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