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

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To: Ritch D who wrote (493)5/27/1999 12:08:00 AM
From: keith massey  Read Replies (2) of 5053
 
Ritch

market was concerned that they would "p---" it away on an acquisition ... which they eventually did!!

Are you trying to say that JDX is going to blow their money on a worthless acquisition?? When was VO selling at $40US in the past (or is this pre-split?

JDX is presently selling at cash (~.74-.77/share) so the deal would need to be very bad and high priced to hurt this stock. With the insiders putting over $2.2 million of their own money on the line in the past 4 months by buying shares on the open market and have options that are mostly out of the money I find it hard to believe they would get into any deal that would hurt the stock since they would be hurting themselves more.

Best Regards
KEITH
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