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


To: David Raine who wrote (1145)10/15/1999 9:19:00 PM
From: Condor  Respond to of 5053
 
We are led to believe that "timing is everything" and with todays events and JDX behaviour, I suspect that our timing may be incredible. At least six events may be entering conjunction.
1. Market corrections may be completed in the near future.
2. JDX continues to hold up well without giving up ground ( starting base).
3. JDX acquisition news starts coming out.
4. Medsite.com files their S-1 on the IPO
5. Gold fund selling dries up soon.
6. New "friendly" buying steps up as the insiders buddies realize that .60 is not to be had and events are nearing.
I may be dreaming in technicolor, but I see the above scenario as very possible and very explosive.
P.S. Keith, I'm filled right up now as my ....burp... in my earlier post signified. However, I know I could never resist a .62 <<ggg>>
C



To: David Raine who wrote (1145)10/15/1999 10:08:00 PM
From: keith massey  Read Replies (1) | Respond to of 5053
 
David

I have had the pleasure of talking to Bill Staudt on several occasions. He has always comes across as very intelligent and well-spoken gentlemen. Based on his past business experience and track record he should do very well as Jordex's President and make us all very happy shareholders.

A little background on our new President.

Mr. Staudt has been in the merchant/investing banking and buyout business for over 25 years. He is a graduate of Yale University and the University of Michigan Law School. Earlier in his career, Mr. Staudt worked for A.G. Becker Inc., a merchant banking firm. This firm was very successful and was later taken over by Merrill Lynch. Shortly after the takeover Mr. Staudt formed his own partnership, Hamilton Group LLC (located in White Plains, NY). The Hamilton Partners Group LLC is private group that has been involved with a wide area of investment vehicles since their inception.

From the June 1 Kaiser newsletter:
The new search is being spearheaded by Bill Staudt of Hamilton Group LLC, an investment banker whose track record includes finding a new life for a cash rich NASDAQ shell that eventually turned into a major success story

In following up Kaiser's statement I have been told that Bill Staudt was brought on as a director in a shell company on the NASDAQ with $15 million in cash selling at cash value. He was hired to find a new business for the company. A deal with a private company was made that year and a new business plan was adopted. Two years later the company was takeover by a European company for $240 million or 16 times its initial value.

In the 10 months Mr. Staudt has bought 2,165,000 shares in JDX and has not sold a single share. In addition he also has 800,000 options to purchase JDX shares. This is a lot of motivation to increase the share price of JDX.

I am not sure why Bill Staudt has taken over for Brian Hinchcliff as President. I have talked to Brian Hinchcliff on several occasions and have always been very impressed with his knowledge of the business area and stock market and his enthusiasm towards JDX. I have always believed he would have done a great job as president of JDX. Of course he is still on at JDX and probably will not change what he is presently doing but will just be under a different title (co-chief executive).

One possible explanation for the change is that JDX is getting ready to promote their company and wanted an individual as President with a long and successful background in doing technology related deals. Although Brian Hinchcliff has had a long and successful business career he has almost exclusively been involved with the commodity and mining business. Brian Hinchcliff was a former Vice President of Commodity Trading at Goldman Sachs (J. Arron division) and co-founded American Pacific and Mining Co and has also been with JDX for almost a decade as a mining executive. One of the main thing people look at when investing in a company is the background and experience of the companies president. It might be far easier to promote JDX with Mr. Staudt as President because of his background.

Best Regards
KEITH