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

To: keith massey who wrote (814)	8/19/1999 11:13:00 AM
From: AriKirA	Read Replies (1) \| Respond to of 5053

Was yesterday a set-up for a dump by Canaccord? Wow... Time to fish! AK

To: keith massey who wrote (814)	8/20/1999 5:42:00 PM
From: Dave-in-Deep	Respond to of 5053

Yesterday, I increased my JDX holding by about 25%, @ $0.70 - The surge in volume mid-week was interesting, back to about "normal" today. Looking forward to the expected action in the next few months. Regards - Dave

To: keith massey who wrote (814)	8/22/1999 1:17:00 PM
From: keith massey	Read Replies (2) \| Respond to of 5053

I talked an individual remotely associated with JDX last week and found out something very interesting. It turns out that several large European buyers now hold a total of 5.8 million shares in the holding houses of Royter and Cole. Since no one buyer holds more than 10% (3 million shares), JDX has never showed these holding on their proxy reports or inside trading reports so I am just finding out about this now. I was told that these individuals continue to hold their shares. Jim Graham at JDX confirmed that to the best of his knowledge there are approximately 6 million shares still being held by the Europeans. So now we have 6 million in the hands of the documented insiders, 5.8 million in the hands of the Europeans, 2.5-3.5 million in the hands of Haywood (John Tognetti), 1 million at Versus and an unknown amount of shares in the hands of ex-directors. That is 15-17 million shares documented in friendly hands plus whatever the ex-directors are holding. A large percentage of these shares were bought above the current price of .71 and none of the shares are cheap since almost every single one of these shares were bought above .45. Unlike retail players, insider and friends do not buy shares to make only 30-40% on their purchase. If you go over thousands of insider trading reports you start to realize that insiders wait for “the big one” and almost always sell their shares for multiples of what they bought them for. Although Yorkton is still net around 1.5-2 million shares I am not going to consider them friendly for now because they have been on the sell recently and nobody seems to know who the buyer of these shares was. I recently guessed that the buying and selling from Yorkton has come from two different sources, with one group accumulating and one group being retail (flipping shares). It is very possible that the recent sell-off has been retail and not based on “inside” information. Best Regards KEITH