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

To: Bruce Morgan who wrote (1065)	10/4/1999 8:12:00 PM
From: Condor	Respond to of 5053

more at .68

To: Bruce Morgan who wrote (1065)	10/4/1999 8:18:00 PM
From: keith massey	Read Replies (4) \| Respond to of 5053

Here is a little food for thought... Was anyone wondering where they the 6 million shares presently being held by several large European investors came from. Here is a story I think you will like. ---Back in 1991 Yorkton placed a total of US$5.75 million of 7.5% three year convertible debentures in the company with European investors. The debenture was first priced at $3.15. In 1994 it was renegotiation for .92U.S with a longer maturity date. In June 1997 this debenture was converted into 6,414,651 shares of JDX at ~$1.30 a share. I'll give you a few guess who was working with JDX at the time and is famous for setting up private placements with large European investors........CARLO CIVELLI When the shares where converted in June 1997 the price of JDX was $1.20. Since that time the shares have not trade above $1.20. JDX has already confirmed that the boys in Europe are still holding their shares. So we have several very large shareholders connected to Carlo Civelli that have been holding a ton of shares for almost 9 years at a very big loss. When large shareholders hold shares for this many years they are going to expect a very large return on their investment. Now out of the blue and after 7 years Carlo Civelli comes back on board JDX and buys a bunch of shares himself. Can anyone make the connection!!! Best Regards KEITH P.S I like to keep you guys informed <gggg>