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

To: keith massey who wrote (1997)	11/17/1999 10:14:00 AM
From: SwampDogg	Read Replies (1) \| Respond to of 5053

<<200,000 shares...I can live with that. Medsite.com goes to $40-50 and we end up with $12-15 mill Can>> 2 things... #1)I do not think that this sets the % of the Medsite deal. Who knows what will be the ratio between "Preferred B" shares and the commons sold at the IPO? #2)I am sure that there will be a halt and a NR to this effect.

To: keith massey who wrote (1997)	11/17/1999 10:26:00 AM
From: Crazy Canuck	Respond to of 5053

>>200,000 shares...I can live with that. Medsite.com goes to $40-50 and we end up with $12-15 mill Can... not to shabby for a first investment. Now we need 14 more and a financing at $5 <gg><< Keith, I think it is important to mention that Healtheon (HLTN) did their IPO at $30 and then ran to $126 within three months. I believe that Medsite.com is extremely well positioned, and they have a very strong base of support. So, I would not be surprised in the least if Medsite.com equaled, or bettered this performance. But what the heck, let's take 1/2 that performance and see what that will do for the JDX treasury. $126 divided by 2 = $63 share 200,000 shares X $63 share = 12,600,000 (US) 12,600,000 X 1.47 (CDN conversion) = $18,522,000 18,522,000 + 20,000,000 (existing cash) = 38,522,000 total Now this $18 1/2 million would represent over a 90% return to their total holdings. But what is most compelling is that this would have been accomplished on only an investment of $1.5 million (CDN). If this is the type of deal that is in their future, then I think that we will have one hell of an interesting (and profitable) ride over the next while. I am really, really interested in seeing what these folks have been working on this past year. Crazy Canuk