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


To: keith massey who wrote (3167)12/16/1999 7:20:00 PM
From: CF Rebel  Read Replies (1) | Respond to of 5053
 
Keith,

Regarding the new funds being raised by medsite:

Haven't you said before that Jordex' investment in medsite would be fixed as a percentage of medsite equity?

If so, as I see it, the latest two rounds of financing would be non-dilutive...which means that the ratio at which Jordex converts it's 200,000 shares to common will increase to retain it's percentage equity stake. And that might explain why Jordex cannot release it's conversion ratio.

Do you agree?

CF Rebel