T.ITE: iTech Capital (TSE) Message Board

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

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To: Ritch D who wrote (505)	5/29/1999 1:37:00 PM
From: keith massey	Read Replies (1) of 5053

It is not my job to convince anyone to buy/sell this stock. I find that writing about a company helps me clarify my thoughts and provides a means to get feedback from other investors. 1.) Usually it's the acquiree's stock price that benefits the most from any deal...unless of course the acquiror (JDX) gets a big multiple expansion for doing a great deal. Not when the company acquires a private company. From all the talks I have had with JDX and the past deals Mr. Staubt has been involved with I am "guessing" JDX acquires a private tech/internet company for cash/stock and warrents. This type of deal has run a large number of the other past mining juniors up in the past 6 month. In 95% of the cases it was the acquior's stock who benefited. Just look at all of the recent mining companies that switched into the tech/internet sector and ran up...almost all of them acquired private companies for stock and cash. JDX will want the most bang for the buck and I think they already know that merging with a public company just won't do that. If the insiders didn't hold so many shares and have a track record for running up stocks after they have bought in I would be worried about them merging with another company and the stock price not moving (or heaven forbide..falling). However the nice thing about history is....it usually repeats itself. I am gunning that Mr. Civelli and Mr. Staubt pull off another big one. From Kaiser's report Bill Staudt and Carlo Civelli own 4,565,937 share between them, and he thinks that a good many more are in friendly hands. Haywood Securities has been a large buyer.....The company did not need more money; the buyers needed paper The only reason insiders (and friendly hands) buy up paper is so they can dump it to the sucker public at a far higher price. According to Carlson online insider trading reports the insider didn't sell a single share when the stock ran to $1.12...if they didn't dump there it is because they know the stock will run far higher than this in the future. 2.) Management...I haven't been able to find out much about Mr. Staudt The only things I know Mr. Staudt is a graduate of Yale University and the University of Michigan Law School. Earlier in his career, Mr. Staudt worked for A.G. Becker Inc., a merchant banking firm, which was later taken over by Merrill Lynch. He formed his own partnership shortly afterwards. He has been in the stock business for at least 10 years since he was involved in making deals for companies since the early 90's. Canaccord mentioned in a recent write up on JDX that Mr. Staubt was a power player (whatever that means?). Although I couldn't find much on past stock deals done by Mr. Staubt I was made aware of at least one big deal. techstocks.com This information came directly from JDX so it should be true. If JDX lied on the phone to an investor about past deals made by a director they would be liable for fraud. How do they know I wasn't taping the calls? I think the track record of Mr. Civelli already speaks for itself. techstocks.com Pumping up the stock on this thread is not going to affect the price since you may be one of the few people reading that doesn't own the stock. I always open to any postive/negative statements. Best Regards KEITH (lots of cash still waiting in case it drops more<gggg>)

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