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To: Claude Cormier who wrote (766)	8/11/1999 4:00:00 PM
From: David Raine	Read Replies (3) \| Respond to of 5053

I wonder what, if anything, this might mean for Medsite.com?? Medscape Postpones Initial Public Offering Due to Market Conditions Story Filed: Wednesday, August 11, 1999 11:43 AM EST NEW YORK, Aug 11, 1999 (BW HealthWire via COMTEX) -- Medscape, Inc., which operates Medscape.com, a provider of authoritative health and medical information on the Internet, said today that it is postponing its planned initial public offering of 5,400,000 shares of Common Stock due to market conditions. Medscape President and CEO Paul Sheils said the company will continue to evaluate market conditions with the possibility of proceeding with the offering at a future date. The decision to postpone the offering was made in conjunction with the managing underwriters: Donaldson, Lufkin & Jenrette; Credit Suisse First Boston; Bear, Stearns & Co. Inc.; Wit Capital Corporation and DLJdirect Inc. ABOUT MEDSCAPE Medscape currently operates Medscape.com, a healthcare Web site that provides comprehensive, authoritative and timely medical information and interactive programs to physicians, allied healthcare professionals, such as pharmacists and nurses, and consumers. Medscape offers a wide range of high-quality medical information, including original authoritative articles written by renowned medical experts. Medscape also offers what is believed to be the Web's largest collection of free, peer-reviewed, full-text medical journal articles and one of the Web's most extensive libraries of continuing medical education accredited programs. Medscape supplements its medical content with a variety of non-medical information, community features and interactive programs that make Medscape.com a full-service healthcare destination Web site. As of June 30, 1999, Medscape.com had more than 1.2 million registered members worldwide, including 210,000 registered as physicians, 600,000 registered as allied health professionals and 400,000 registered as consumers. On July 26, 1999, a revised registration statement relating to the securities proposed to be sold by Medscape, Inc. in an offering was filed with the Securities and Exchange Commission, but has not yet become effective. Note: This release does not constitute an offer to sell or the solicitation of an offer to buy any securities proposed to be sold by Medscape in the offering, which will be made by means of a prospectus relating to those securities. The securities proposed to be sold by Medscape in the offering may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copyright (C) 1999 Business Wire. All rights reserved. CONTACT: Medscape David Fluhrer 212/760-3138 david--fluhrer@mail.medscape.com or Lippert/Heilshorn & Associates John Nesbett or Mary Ellen Adipietro 212/838-3777 jgn@lhai.com/mary@lhai.com

To: Claude Cormier who wrote (766)	8/14/1999 11:59:00 AM
From: keith massey	Respond to of 5053

Claude Well JDX traded at a large discount to cash in 2nd half of 98 and early 99... it could happen again Anything could happen, however the reason JDX was allowed to drift down to last years low levels (large cash discount) was so insiders and "friends" could load up on cheap stock relatively easy. Last year JDX purposely didn't do any promotion and didn't release any positive spin on the stock (e.g. no mention of the new business direction) so it would drop and allow them to load up. With no new spin or news last year disheartened and bored shareholders slowly unloaded until it drops down to ridiculous undervalued levels of .40-.55. This was the level that many of the "friends" of the company started buying. Back in Dec. when the stock was at .45 I wrote How this one ever got to .31 in August I will never know. The thing that still puzzles me is the huge block (100,000+) that keeps showing up at .50-.55. I want to know who is trying to keep this stock down and why??? Message 6906032 Anyone following the stock back then will remember that for a 6 month period last year, any time the stock got near .55-.50, a huge block of 100,000-140,000 would show up on the offer. The retail public would see this block, get scared, and sell their shares to the insiders and "friends". Of course the "friends" probably helped the scare a little by dumping a few shares here and there whenever the stock started to show any strength. They were able to keep the stock in the .40-.55 range for almost 6 months. Looking back now it is easy to see them accumulating shares in this area. Over 8 million shares traded hands in the .40-.55 range during that 6 months period.....most of them probably sold by the retail public at a loss. It is impossible to know how many shares the "friends" accumulated but many of them can be traced back to the source (more later). Of course I was also lucky enough to also be "accumulating" during this period, I don't get scare off by manipulators that easy <ggg> So the reason the stock was able to sell for a prolonged period at a large cash discount was that JDX and stock manipulators held it down there. JDX didn't promote the stock and "friends" sold off shares to initially get the stock down to that low level. Once down there, the "friends" held it down and JDX didn't release any news which allowed them to slow accumulate large amounts of stock. Now the good news is that both the insider and "friends" seem to have had their fill of stock. The insider bought just over 4 million in the .45-.65 level. It appears that the "friends" accumulated at least 3-4 million shares down there. However with the multiple accounts and some of the stealth tactics these guys use it is very hard to trace all the buys and sells and they likely accumulated far more. It is very likely that 11-15 million shares of JDX now sit in the insiders and "friends" of the company hands. We know for sure that the insider hold just over 6 million shares. So far I have seen absoultely no signs of dumping this stock by insiders and "friends". It is just a guess, but the blocks that keep showing up at .80 or .90 but never seem to get bought/sold could by these same manipulators trying to scare the public into giving them a few more shares. Best Regards KEITH