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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: kenc who wrote (678)7/12/1999 1:44:00 PM
From: keith massey  Read Replies (2) of 5053
 
Ken C..

Just a guess. JDX has $1 million U.S note for Medsite.com that will be converted into shares at $1-2/share (guess) meaning they will have 500,000 to 1 million shares of Medsite.com (if they convert). If Medsite.com ends up being one of the hot IPO's and does the standard jump to $40-$60 on the first day then JDX will have a "paper" profit of $20-60 million which would hopefully cause a very nice boost to the share price.

Of course JDX hasn't released the conversion price for the Medsite.com note and I am just guessing $1-2/share based on other deals I have observed and comments from JDX that the conversion price will be far below the IPO price. As for Medsite.com doing a big jump on the first day....I have no evidence that this will happen and am just speculating. However the company has already had positive coverage by several groups (e.g CNBC), has been growing fast with a series of very positive news releases and is also in a hot internet area. In my opinion Medsite.com has a very really chance of doing a big jump on the first day as long as the market doesn't tank.

However all that being said...the Medsite.com is just the cream and cherry on the top of JDX...don't forget, they still have $21 million to do a deal.

Best Regards
KEITH
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