T.ITE: iTech Capital (TSE) Message Board

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

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To: knight who wrote (755)	8/1/1999 5:12:00 PM
From: keith massey	Read Replies (2) of 5053

Knight JDX's burn rate is next to nothing right now.. Average for the past 6 months. General and Administration = $29,000/month Investor Relations = $10,000/month Professional fees = $10,000/month Project Evaluation = $30,000/month Total = $80,000/month. This is cost is more than offset by the interest income on their holdings. I was told that project evaluation cost have gone up substantially in the past few months since they have ramped up the effort on finding a new business. The low investor relation cost could help explain the .80 share price. Penny stocks usually stay dead in the water without promotion. I would expect that JDX is holding off on the big promotion campaign until just before the new business is announced. I still have my bets placed on the starting of Sept. for the big promotional push along with a series of announcements. Best Regards KEITH

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