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

To: keith massey who wrote (3008)	12/7/1999 9:15:00 PM
From: Gary S	Read Replies (1) \| Respond to of 5053

Re: conversion decision From the June 21/99 news: The structure of the private placement is an 8 per cent subordinated exchangeable note due June 30, 2000, that gives Jordex the right to convert the note to either convertible preferred stock or common stock of Medsite.com, Inc. The instrument has an interim maturity date of Nov. 30, 1999, by which date Jordex must announce its conversion decision. My interpretation of this is that JDX had to announce whether they were going to convert into either preferred or common shares, as opposed to the actual conversion ratio. All of us here know that JDX decided to convert the note on Oct. 28/99 into 200,000 preferred shares. See the SEDAR filing. It's a PDF document (i.e. you need Adobe Acrobat reader to view it). sedar.com As far as JDX is concerned, they have "announced their decision". Whether very many people know about it is a completely different matter. :)

To: keith massey who wrote (3008)	12/7/1999 10:59:00 PM
From: AriKirA	Respond to of 5053

Looking at the House positions, it is obvious that most of the selling is coming from the retail houses... House Positions for JDX from 12/07/99 to 12/07/99 Ex House Bought Av/Sh Sold Av/Sh Net $Net T 81 Gordon 27000 1.06 0 0.00 27000 -28680 T 44 Jones Gable 21200 1.11 0 0.00 21200 -23542 T 33 Canaccord 8500 1.15 400 1.18 8100 -9302 T 2 DS 23170 1.15 16530 1.14 6640 -7855 T 41 Standard 6000 1.16 0 0.00 6000 -6960 T 63 Levesque Beaubien 6000 1.15 0 0.00 6000 -6900 T 79 Gundy 6000 1.08 300 1.05 5700 -6165 T 48 48 5500 1.13 0 0.00 5500 -6189 T 88 Versus 3700 1.12 0 0.00 3700 -4135 T 36 Latimer 3000 1.15 0 0.00 3000 -3450 T 59 PI 1800 1.08 0 0.00 1800 -1944 T 22 Thomson Kernaghan 600 1.18 0 0.00 600 -708 T 54 Global 0 0.00 1000 1.15 -1000 1150 T 98 NBC 0 0.00 1650 1.14 -1650 1881 T 11 Yorkton 29880 1.11 31770 1.15 -1890 3370 T 19 Desjardins 10000 1.12 14200 1.10 -4200 4442 T 85 ScotiaMcLeod 3700 1.15 13600 1.14 -9900 11270 T 18 Georgia Pacific 0 0.00 15000 1.12 -15000 16761 T 90 CT Services 2000 1.12 17000 1.04 -15000 15440 T 7 Green Line 45300 1.14 63800 1.12 -18500 19729 T 9 Nesbitt 23900 1.11 52000 1.12 -28100 31787 Total 227250 1.12 227250 1.12 0 0