T.ITE: iTech Capital (TSE) Message Board

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

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To: bargainman who wrote (1549)	11/7/1999 12:47:00 PM
From: keith massey	Read Replies (1) of 5053

Bargainman How can you even hint at a comparison between this Canadian shell company and CMGI? I have never said that JDX is CMGI or ICGE. When CMGI was .33 five years ago do you think they had the support staff, deal flow and number of companies they have now - No. I am just doing a comparison to the business model and what type potential may lie in that type of model. In all of the rambling, gushing hype on this board about Jordex there is not one mention of anyone involved in the company that knows a fig about the internet. I would fully expect either support staff or partner companies who have a area of expertise of running specific types of internet and telecommunication companies to be brought on board. This is how companies develop and mature. I believe the current management has the business expertise to find the deals and then bring on board the right people needed to support those deals as the companies grow. They may well have put up a measley $1.5 million in seed money for this medical web site, but that doesn't mean the ordinary shareholder is going to make any money. It might be a flowery comparison but when CMGI bought $2 million in shares of Lycos in 1995 where you on SI board saying the same thing? How many of those insider shares are at .10, .15 and .20 cents per share? And when do they get to dump them? Since you ended that sentence with a question mark I will answer you. None of the insiders or anyone else for that matter (e.g Zurich mailbox) owns really cheap shares, options or warrents. The average price for all insiders shares is ~.65-$1 and none of these shares where purchased below ~.45. Of the ~4 million options outstanding the majority of them are out of the money even at the current price and the cheapest options are ones for .48 (currently owned by Mr. Staudt). In addition, in the history of JDX the management has never repriced options. There are no warrents outstanding. From 1990-1998 the shares never dipped below .55 and JDX has never issued cheap options so nobody accumulated a bunch of cheap shares years ago and is now waiting for a period to dump. From your cynical post I am guessing you have been around the penny game for a while. If so you would know that insiders and connected hands are normally looking for large multiples on their investments and not just 30%. And by the way....they haven't started promoting the company yet. Best Regards KEITH

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