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

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To: Stuart Carmichael who wrote (839)8/26/1999 11:10:00 PM
From: keith massey  Read Replies (1) of 5053
 
Stuart...

You are correct that $50 million would equal $1.50 per share.

Although a $25-50 million profit would be great I try and keep my head out of the clouds and would be more than happy with a $7-10 million dollar return on this investment which gives JDX a $1/share. However the medsite.com deal is just a bonus for this stock. The real pay off will come when they finally make the tech. deal and take the stock to the big top (NASDAQ). I will make a guess right now that the public will overreact to the medsite.com IPO and run JDX's stock up to very profitable levels for all of us. I can only guess or dream what that price will be at that time...however I normally don't like to make grandiose statements about where the price will be X number of weeks or months from now and will let the market decide on that. The "deal" will just take us to the next level...or if the "deal" comes first the Medsite.com IPO will give that little added boost.

Best Regards
KEITH
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