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

To: Stuart Carmichael who wrote (837)	8/26/1999 10:06:00 AM
From: keith massey	Read Replies (1) \| Respond to of 5053

Stuart JDX cannot released the detail of the share conversion as part of the deal with Medsite.com. However they have said that the conversion price is far below the IPO price. I had posted before that I believed that the conversion will be around $1-2 a share based on other similar deals I have observed. This gives JDX 500,000 to 1 million shares on the conversion of the $1.5 million. I usually don't like to make prediction's like "Medsite.com at $50" however if you do a comparison to other similar IPO's you would be surprised if it didn't make it to $50. Of course this is assuming that the market stays hot and in love with IPO's. If Medsite.com went to $50 this could mean $25-$50 million in paper profits for JDX. For comparison, a couple of months ago when OTC investment in mining.com (850,000 shares) IPOed and jumped to $95 the paper profits by OTC where around $65 million but the market capital of OTC jumped by $660 million in one week. I just love when the day traders / momentum traders jump in and the market over-reacts to the high side on good news. Of course I am don't have my head in the clouds and expect JDX to jump to $20 in a week but there is going to be lots of hype and trading surrounding the week of the Medsite.com IPO that could realistically take JDX well over $1.50. This is not even taking any "big deal" or NASDAQ listing into consideration. Best Regards KEITH