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

To: keith massey who wrote (1564)	11/7/1999 8:44:00 PM
From: bargainman	Read Replies (2) \| Respond to of 5053

Keith -- It sounds like you guys have anticipated most of my issues, so I'll retreat for now. It certainly is possible for one to make money on some of these Canadian hype jobs if one knows when to get out. Not that Jordex is in that category at this time. But my observation is that guys like Civelli are there to look out first for his money, then for the money of the people he is fronting for, and then, if you are lucky, for the small-time shareholder. It also behooves you guys to make it clear when you are posting here and on other threads about this company that you are talking Canadian, not U.S. dollars. So they have a $14 million (US) nest egg, of which $1 million (US) is already committed to Medsite. Explain to me how potential shareholders are supposed to get excited about a one-time mining company that has decided to jump, belatedly, on the internet bandwagon with only $13 million to spend. Whose expertise is this company riding on? Sure, they claim they want to adopt strategies similar to CMGI, ICGE and other internet venture firms, but why should I invest in the thoroughly untested vision of a company led by a "secretive" European whose bankroll comes from Swiss banks? So far, what you've said is that Civelli has a great track record for "promoting" stocks. What's his record in building companies? How many of the companies that he's taken public have shares still priced at the amount HE sold for? Just some thoughts to leave you with.