T.ITE: iTech Capital (TSE) Message Board

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

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To: gg cox who wrote (1060)	10/4/1999 9:19:00 AM
From: keith massey	Read Replies (1) of 5053

This company with all their cash, and the investment in medsite and other investment looks attractive but suppose they can't or don't find a deal and the company breaks up. Companies like this never break up. In fact I can't think of a single example in the past 5 years of a company on the TSE with cash that broke up its assets because they couldn't find a deal. Technically speaking the break up value of JDX is around .72-.73/share so each shareholder would get a pay out for the number of shares that they owned. The insiders hold several million options that are out of the money....it would be in their worst interest to break up the company because they could never make any money on all the options they have collected. Is there a time limit on finding a deal? No time time limit except that the shareholders will have their heads if they don't get something done very soon. Are there any outlandish insurance premiums as in the RYO case? No outlandish insurance premiums...burn rate is only $~85K/Month Best Regards KEITH

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