Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: keith massey who wrote (1862)	11/15/1999 1:26:00 PM
From: TheBusDriver	Respond to of 5053

Boy Georgia Pacific is really hammering JDX today, we get rid of this seller and I think the story will change. Wayne

To: keith massey who wrote (1862)	11/15/1999 1:36:00 PM
From: Claude Cormier	Respond to of 5053

Keith, Thanks for your evaluation of the situation. It makes perfect sense. And if I had to bet, I would along those lines...in fact I am. OTOH, it is always possible that some unexpected events delay this moment of truth. Time will tell. Claude

To: keith massey who wrote (1862)	11/15/1999 7:45:00 PM
From: Condor	Read Replies (2) \| Respond to of 5053

Re: Jim Graham conversation of today. I spoke with Jim Graham by phone today at the JDX New York office. Some of the items I presented to him for discussion were the Medsite.com IPO timing, single vs. multiple investments, my concern about the lack of announcements and the vulnerability of losing interested investors who appeared to be following the stock now and finally, would the company be taking an active role in the company/companies it involves itself with. He informed me the Medsite.com IPO filing is out of their hands and will be determined by the Medsite people themselves. He felt that it would be coming out soon and was enthusiastic about it particularly in light of the strong $ 36 mm PP reception it had as witnessed by Reuters and Exchange Venture Capital taking positions in it. He pointed out that Wm. Staudts involvement with JDX has brought formidable skill and knowledge, contacts and networking prowess to the undertaking. I got the impression that to even have achieved the medsite.com deal in light of the heavyweights that were involved spoke volumes about Staudts clout. Regarding my queries as to whether they would be going the single investment deal vs. multiple investments he was non committal explaining that he would not like to divulge this information other than in a proper release. However, he turned around and asked me " as a point of interest, as an investor, which option would you have liked to see?" Well, in my books that was "Condors Speech" time. I said hands down I liked the multiple deal approach because it provided diversity ( eggs not all in one basket), it allowed for a dynamic and exciting company with multiple investment activities that would by the nature of the beast require timely and frequent announcements and it also allowed for subsequent investment opportunities that would inevitably present themselves as the company demonstrated and proved its entreprenurial abilities. Without dwelling on it he simply said that those same things had occurred to them. That was the end of that discussion. Moving on to my concerns about loss of momentum because of no news releases Jim had considerable to say. To sum up the conversation (mostly one sided) he explained that as much as I was concerned about the short term need for news, their take on the situation was: it did not serve the long term interests of the company to produce releases that would be lacking in substance and viewed as too promotional. They felt that the proper approach would be to ultimtely deliver the news in a fashion that would WOW the marketplace, please the investors and catch the attention of "institutional investors". This has led me to conclude that you are right Keith and I think they will announce, most everything, all at once. He also commented that I could be assured that behind the scenes there is a flurry of commotion and people working very hard to put the forthcoming event/s in place. He felt that I would be very pleased as a shareholder with the culmination of their business plan. I might mention here that I have spoken on other occaisions with Jim and this time there was an air of excitement in his conversation that can only lead me to conclude that things are going to happen very soon. Finally, I inquired whether it would be the intention of the company to take an active role in the company/ies they were investing in. He explained that yes they would involve themselves with some hands on because it is common that these fledgling companies lack expertise in certain areas as they evolve to the next corporate level. That just about sums up my discussion with him. I hope I've not put words in his mouth and relayed accurately the gist of the call. In reflecting on the call, I would have to say that I came away with the feeling that 1) these guys mean business 2) they have integrity 3) they have a plan 4) Condors going to make some heavy change.:o) What I still don't know is, officially, what day will the buffet be layed out, but I'm positive it is extremely near. (I think) At one point in the conversation I mentioned that I was calling because I wanted to verify the information that I was absorbing through you Keith and I mentioned that I thought you were a pretty sharp fellow. He laughed and replied " He certainly is". So, I've decided, from now on, you call.:o) Long posts like this kill me. Now, big conundrum, do I increase my position (again)? Jeez... I thought I was done buying. Any more shares and I'm going to be invited to sit on the Board. (joke) Take care. Regards C