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


To: John Powell who wrote (2294)11/22/1999 2:57:00 PM
From: Condor  Read Replies (1) | Respond to of 5053
 
By PM from one of our owners in Alabama, he didn't even know about the second release until I told him. He was getting his from Yahoo alerts. So, what can we conclude? The news is still getting out. :o)



To: John Powell who wrote (2294)11/22/1999 3:14:00 PM
From: Crazy Canuck  Read Replies (1) | Respond to of 5053
 
Here are a few interesting tidbits for the investment community to consider while they rummanate over the potential outcomes of these deals . . .

Who is this first company that they got into bed with?

Manulife Financial Corporation trades under the ticker symbol "MFC" on The Toronto Stock Exchange (TSE), the New York Stock Exchange (NYSE), the Montreal Exchange and the Philippine Stock Exchange (PSE), and under "945" (MANULIFE) on The Stock Exchange of Hong Kong (SEHK).

If you recall, Manulife just recently went public with one of the most successful IPO's in Canada's history.

Obviously, they will now have a whack of cash that they will need to invest. So, who do you think they will turn to to help them invest their money?

Could it be Jordex's new partners - MFPC? What was did it say about them in the Press Release this morning. (He says with a big smile on his face). MF Private Capital Inc. (MFPC), a Boston based investment group that is an investment affiliate of Manulife Capital Corporation - an indirect subsiduary of one of Canada'a leading financial services firms.

Oh, and now that Jordex is sitting in on at the table with their other new best friends - the folks at Argentum (who are the primary backer of the Medsite.com deal among many others). Well good old Jordex now will get to see the deals that are presented to Argentum on the same day that they do. They will now be right at the head of the line when the deals are presented. They won't have to hope to get a crack at a deal after the cream has been skimmed off the top already. No more scrambling for table scraps that fall to the floor for these folks now. Oh yes, they also get to decide which deals they want to go in on. They aren't going to be force fed the good with the bad.

Yup! I can hardly wait until the rest of the investment world sits down and realizes just what happened here today. It should make for some interesting action on the stock. Oh, in case anyone is wondering, I haven't sold any shares yet, and I don't plan to for quite awhile now.

In my opinion, the story just got better than I had hoped for - and I had dreamed big!

Crazy Canuk