FROM CANADA STOCKWATCH TODAY.
Jordex Resources Inc -
Kaiser says Jordex charts out U.S. IPO strategy
Jordex Resources Inc
JDX
Shares issued 30,374,357
1999-11-23 close $1.21
Tuesday Nov 23 1999
John Kaiser, writing in a Bottom-Fish Action for the week of Nov. 8-12, says the
previous week's rally to $1.39 may be a mere taste of things to come if all goes
well. Mr. Kaiser recommended the stock in December, 1998, at 50 cents; other
buy tips were December, 1997, at 85 cents, and February, 1999, at 59 cents. In
the current issue, Mr. Kaiser notes that Internet chat has been abuzz with
implications of Jordex's $1-million (U.S.) investment in e-commerce site
Medsite.com, which has an initial public offering in the works. He says Medsite
has received positive media coverage and recently closed a $36-million (U.S.)
institutional financing. Jordex, he contends, is set to become a merchant bank that
invests in high-tech and Internet ventures planning to go public. The problem here
is that it may have to compete with deep-pocket U.S. venture capitalists for
worthy projects. Nevertheless, Mr. Kaiser is supportive of Jordex and its chances
for success, saying it is staring to develop something of a cult following.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com |
