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

To: keith massey who wrote (3089)	12/11/1999 1:13:00 PM
From: Shack	Read Replies (1) \| Respond to of 5053

Is my math right here? If Medsite goes to $200 US, Jordex would theoretically be worth (200,000 shares x $200)+(current cash $13 million US)=$52 million US or $78 million CDN. That alone is a break-up value of $2/share

To: keith massey who wrote (3089)	12/11/1999 8:34:00 PM
From: Riverlightning	Read Replies (1) \| Respond to of 5053

You are right as usual. And as Shack said now is the time. Get that IPO rolling!

To: keith massey who wrote (3089)	12/11/1999 9:15:00 PM
From: Kevin Hamlin	Respond to of 5053

I still can't believe the staggering prices the market is running up these ipo's up to, and lately it seems that the internet/ipo fever is strengthening...not weakening. Personally I think it's crazy but as they say, "never argue with the market". If Medsite has the same incredible response, JDX will move very nicely from these levels. I would guess that given that the Medsite IPO is reasonably imminent, they may in fact catch the height of the market's amazing appetite for these new issues. Regards, Kevin