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

To: Stuart Carmichael who wrote (957)	9/21/1999 4:10:00 PM
From: Lola	Read Replies (1) \| Respond to of 5053

Because it takes time to build real businesses as opposed to the fictitious ones in the minds of some VSE shell company management. Three months is nothing in the life of a REAL business. Lola:)

To: Stuart Carmichael who wrote (957)	9/21/1999 5:46:00 PM
From: keith massey	Read Replies (1) \| Respond to of 5053

$113,000 per month expenses for the last six months Need to correct you again Stuart.... For the past 6 months these are the total expenses according to the latest report on Sedar dated August 10/99 Deprecitatin (and last years exploration) = $15,000 General Administration = $200,000 Investor Relations = $60,000 Professional Fees = $55,000 Project Evaluation = $200,000 Or $88,000/month burn rate. The general administration cost include the salaries of the people looking for the deal along with the project evaluation costs. In other words, of the money they are burning almost all of it has been spent trying to find the best deal for shareholders. During that time period the interest on their holdings was approximately $90-95,000/month which more than offsets their burn rate. If it wouldn't have been for the foreign exchange loss they would have had more money now then they did 6 months ago. There have been 100's of VSE internet/technology deals done in the past year that have caused temporary spikes in the stock. However go back and look where those companies are now or where they will be in 6 months. You will find that the large majority of them will have fallen back to their previous single digit penny status or low. Like I said several months ago, I would rather JDX do the DD and get the best deal(s) instead of rushing in to some scam shell just to run the stock up for a few days and weeks followed by a plunge. I think the amount of time and money that JDX has spent on find a new deal is more than reasonable at this point. How many of the VSE companies pulled down a deal like Medsite.com? If the Medsite.com deal is any indicator of what type of DD the company is doing I am more than happy. Best Regards KEITH