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

To: kanda who wrote (2433)	11/23/1999 12:02:00 PM
From: Crazy Canuck	Read Replies (1) \| Respond to of 5053

I want to say that I invested heavily in this company during the period of time when there wasn't anything but speculation, deduction, and rumours to help tell the story. I was always hopeful that the story I felt was taking shape would be a good one. That is why I bought shares. Now, they have come out and given us the news, I have to say that it is infinitely better than I had hoped for. Prior to yesterday's announcement, I was hoping that when they came to the table to tell everyone what they had done, they would tell us that they had been able to pull in some old favours, and piece together a bunch of deals that would make them the money. The success of these deals would attract more money, and they would also raise their profile in the VC community. Hence, a cycle that would continue to drive them higher. That is what I had been hoping for. But after having some time to digest the magnitude of what I read yesterday, I can tell you that I was unequivocally blown away. The partnerships that they have entered into, and the equity stake they have already taken in one of the funds, together with the equity stake that is being taking in them is in my opinion the equivalent of the being touched by a hand of gold. The fact that they could secure partnerships of this caliber still has me speechless. The fact that many of the news services screwed up royally by only reporting on the Water deal (a profitable company that helps them retain their TSE listing) means much of the world still does not know about what they have pulled off. Because we have had the opportunity to dig into the news releases, this period between us knowing something that has not been widely reported on - and the majority of the world does not yet know about it - can only be seen as a opportunity that comes around once in a long, long time. When the company comes out with the story on just what they are into then that is when you will see the rest of the investment community going back to figure out what Jordex just achieved. Then I really believe that we will see fireworks. That is when this stock will really start to move. So, with that I can tell you that a few minutes ago, I just added to portfolio, because I know that this story just got much more attractive than it was to me before. Crazy Canuk

To: kanda who wrote (2433)	11/23/1999 12:27:00 PM
From: keith massey	Read Replies (4) \| Respond to of 5053

Hard to believe we are actually down today...I've already added another 25K to the pile in the last 3 hours and have in my low ball bids. I just want to restate the importance of the Enviromation deal since I have got a ton of private messages, Emails and phone calls from people who think JDX are getting into the water business and just don't understand why they did they deal. I don't think a lot of people have clued into the fact that in the next 4 month an estimated 25-35% of the companies on the TSE will get delisted. In addition, on the NASDAQ if you don't have a core operating company you must pay out 90% of your earnings in the form of dividends which kills and potential for growth of a company. Plus without a core operating company there are several other sticky regulations that you must get around. A company planning to do a ICGE/CMGI model would be crazy to proceed without a core operating company to get around all the regulations. CMGI only bought out Alta Vista so they would have core operating company and not for the investment....Alta Vista was already fully valued when CMGI bought it out. It is going to take a while for people to realize why JDX bought Enviromation. Although Enviromation is a nice little company which will provide some good cash flow to the company and has the potential to go through a good growth phase it is the fact the JDX now has a core operating company and now meet all the new TSE regulations and can get around other tricky regulations that is the most important. Most people would probably ask why the didn't buy a Tech. company if they needed a core operating company. Well to stay on the TSE you need a minimum of $3 million in revenue. Most tech. companies are now selling for 15-25 times revenue even if they are losing tons of money. It would have cost JDX a minimum of $40-50 million to buy 100% of a company this size. They picked up Enviromation cheap and now can get on with the ICGE/CMGI model that they laid out perfect in their second release. The news yesterday put all the pieces of the puzzle together and after taking a look at who they are in bed with now and how these deals are laid out I just bumped up my price objective by 50% and plan on staying on the buy. Here are the TSE regulation released Oct 1/99 newswire.ca Best Regards KEITH