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Technology Stocks : medsite.com

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To: marcos who wrote ()	10/2/1999 2:10:00 PM
From: keith massey	Read Replies (3) of 58

Marco Thanks for starting the site. I have done lots of background research into Medsite.com already and think it could be a big one. They are one of the few medical sites that are actually selling a range of products and services instead of just relying on advertising revenues. They project $50 million in revenue next year and should have over $10-15 this year based on the interviews I have read on projections. I guess the S1's will tell us the really numbers when they come out soon. Funny you should mention JDX.. I already have a piece of Medsite.com through Jordex Resources on the Toronto Stock Exchange (TSE). They did a $1.5 million(Cn) private in Medsite.com on July 21/99. This private placement is convertible into shares of Medsite.com at a price significantly below the IPO price (numbers not released) so JDX should get a really nice boost when the IPO comes out. In fact, I expect JDX to run up in the period leading to the Medsite.com IPO date as people realize what that PP could be worth if Medsite.com turns out really hot. JDX has $20 million in cash with no debt and over $22 million in total assets., the insiders have been buying the shares like crazy (4.2 million) for the past year without and single sale and it is now selling below cash value. Add to this that management announced several months ago that they are actively seeking acquisitions in the technology/internet sector in the U.S and are no longer in the mining business and that the management team has a long history of finding and closing big deals and I am very happy with the investment. I will try and get some of the Medsite.com IPO when it comes out but that is often so bloody hard that I thought I would use the back door approach with JDX. Best Regards KEITH

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