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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (699)	7/16/1999 12:17:00 PM
From: keith massey	Read Replies (1) \| Respond to of 5053

Claude As part of the deal with the convertible note they have to keep information confidential until after the IPO. JDX stated that the conversion price will be far below the initial IPO price. Most of the similar pre-IPO deals I have seen similar on the internet stocks have a conversion price of $2 or less. I am going to estimate that the conversion will be at $1-2 but will we not no the exact number until after the IPO is done. If everything stays relatively the same for the next 6-8 weeks Medsite.Com could be a good hot one. HealthGates IPO happens on the July 19th. If this one is hot than it will be the third medical IPO to rocket and will pave a nice road for the Medsite.com IPO. HealthGate IPO joins booming online health market Jump to first matched term By Monica Summers NEW YORK, July 12 (Reuters) - HealthGate Data Corp., an online healthcare information provider, may enjoy the same success that other health-related Internet companies have in the IPO market, analysts said, based on the flood of people who now seek health information online. Analyst John Fitzgibbon of Redherring.com, said he expects HealthGate may also do well in the aftermarket. "(HealthGate) is on everyone's want list," Fitzgibbon said. "The stock is hot. It has two magic words: healthcare and Internet." The company, set to hold its initial public offering this week, said it plans to provide physicians, healthcare professionals, patients and consumers with better information for more informed decisions regarding their health. The Burlington, Mass.-based company is offering 4.6 million shares at a price range of $10 to $12 a shares. The underwriters are SG Cowen, NationsBanc Montgomery Securities and Volpe Brown Whelan. The company has applied to trade on the Nasdaq under the stock symbol . Millions of people now surf the Web for health information, searching for everything from cures for the common cold to discount prescription drugs. Cyber Dialogue Inc., an industry research firm, said in 1998 more than 17 million Americans searched online for health and medical information, a number which it estimates will grow to about 33 million. Healtheon Corp. and drkoop.com have played a major part in the allure of Internet healthcare companies and have set the standard for the sector. Both companies debuted in the market with remarkable success. Fitzgibbon said drkoop.com and HealthGate are among an emerging classification in the Internet IPO market called e-medical, referring to companies that are providing healthcar emerging classification in the Internet IPO market called e-medical, referring to companies that are providing healthcar e information over the Internet. Best Regards KEITH

To: Claude Cormier who wrote (699)	7/16/1999 5:44:00 PM
From: marcos	Read Replies (2) \| Respond to of 5053

"...with 0.67 in cash ..." - it was ~.77/sh in cash before the 1milUS went into medsite.com, so 1.5milCdn over 30mil shares would be ~.05/sh, so i figure there's .72/sh in the kitty. Could be wrong, though - that's just from dim memory. The big thing imho about the medsite.com deal is not just that jdx stands an excellent chance of making a good buck - it is that it is a demonstration of the fact that management is both connected and astute. That'll make us a lot more in the end than they take in on the medsite deal. Have you ever looked at dmw, Claude? ... i'm quite fascinated with what's happening there lately ... don't know what's up with it exactly but i do suspect positioning by somebody for something major. I'd like to see the details on the medsite convertible note too ... it's not on edgar, since the prospectus isn't out yet ... haven't checked jdx's sedars for it yet though .... cheers ps - nope, nothing yet, just the 21June news release - sedar.com pps - 'nothing found' - sec.gov .. 3 false [i think] hits - sec.gov