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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: Kevin Hamlin who wrote (2343)11/22/1999 7:22:00 PM
From: Dav!d  Read Replies (1) of 5053
 
Here is some piece of information:

I believe that this info is correct but do not hold me to it. Call the company (though I expect them not to know about these transactions).

Argentum Group: Were involved in two Nasdaq shells

1. ADVANCED ENVIRONMENTAL SYSTEMS INC
STATUS: Inactive; Acquired by Philip Services Corp., 02/98
10(O)(O) AGREEMENT BETWEEN IST, THE ARGENTUM GROUP AND VARIOUS PURCHASERS DATED 1/11/91 AND 4/8/91, INC BY
REF AS EXHIBIT TO FORM 10-K FOR THE NINE MONTHS ENDED 12/31/93

When the company was bought out, Philip Services was trading at $15.00 stock trading on Toronto (current approx price is now $0.20)

2. DYNAMIC HEALTHCARE TECHNOLOGIES INC
In December 1995, in connection with the private placement of Series B Preferred Stock, The Argentum
Group was paid a financial consulting fee of $175,000 and purchased warrants to purchase 210,000 shares of
Common Stock for $25,000. Mr. Daniel Raynor, a director of the Company, is the President of a general
partner of The Argentum Group.

The stock price at the time of this private placement was less than $1.0 (Dec 1995) and within a year went to a high of $8 (NASDAQ)

NOTE: These were deals that were made many years ago. It appears that these were (at the time) go deals. Take from this what you wish. This is just info I picked up.

I am still a holder and waiting to see what's up. The stock has moved nicely and might test some support levels. That is healthy. The new year is approaching and I believe that this is a stock that will really smoke in the coming months.

david
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