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Gold/Mining/Energy : MedcomSoft Inc. (MDCM) -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (132)	12/20/1999 9:48:00 PM
From: AriKirA	Respond to of 140

Who needs live chat sessions when you have SI... Always sure to find Keith, the DD machine, on SI doing some extra digging. One day, it's ABC the other it's XYZ. Can't even keep up with you! [ggg] Hopefully, our favorite stock will have an up day tomorrow. If the Canaccord's buying stops, I might think about selling some to lock in some profits. Let's hope it doesn't! Kind Regards AK

To: keith massey who wrote (132)	12/21/1999 7:17:00 PM
From: AriKirA	Respond to of 140

MedcomSoft $2.3-million special warrant financing MedcomSoft Inc MDCM Shares issued 17,884,883 Dec 20 close $1.55 Tue 21 Dec 99 News Release Mr. Sami Aita reports MedcomSoft has completed the sale of a total of 2,875,000 special warrants at a price of 80 cents per special warrant for gross proceeds of $2.3-million. The lead investor in this financing was 2FundEcom Inc., which acquired 1.25 million special warrants for gross proceeds of $1-million. 2FundEcom Inc. is a Canadian venture capital company formed to provide capital and management expertise to early stage technology, Internet and electronic commerce companies. 2FundEcom's founding directors are Aubrey Baillie, Robert McLeish and Peter Wallace. Dominick and Dominick Securities Inc. sold 625,000 special warrants as agent of MedcomSoft for gross proceeds of $500,000. A director of MedcomSoft also acquired 800,000 special warrants for gross proceeds of $640,000. In conjunction the sale of special warrants, the agents used by MedcomSoft received broker's special warrants exercisable into compensation options to acquire a total of 82,500 common shares at 80 cents per share and total cash commissions of approximately $36,000. The sale of the special warrants took place over four closings, the last of which took place on Dec. 21, 1999. The 2,875,000 special warrants issued in these financings are exercisable, for no additional consideration, as follows: 1,850,000 special warrants each exercisable into one common share and 0.12 of one non-transferable purchase warrant; 200,000 special warrants each exercisable into one common share and 0.10 of one non-transferable purchase warrant; and 825,000 special warrants each exercisable into one common share. Each whole purchase warrant is exercisable into one common share upon the payment of either 80 cents or $1.03 per share. In connection with this financing, MedcomSoft has undertaken to file a prospectus within 120 days of the closing dates to qualify the common shares and the purchase warrants to be issued on the exercise of the special warrants, the purchase warrants and the compensation options, as applicable. In the event that a receipt for a final prospectus is not received within this time frame, the 2,875,000 special warrants sold will be exercisable into a maximum of 3,162,500 common shares and 242,000 purchase warrants for no additional consideration. The proceeds of these financings will be used to finance working capital needs and to continue expansion into the U.S. market. "These financings will assist MedcomSoft in our penetration initiative in the U.S.," said Sami Aita, MedcomSoft's chief executive officer. "I am pleased to be working with organizations of the calibre of 2FundEcom and Dominick and Dominick Securities. By combining our expertise and resources we have taken one further step in our efforts to maximize shareholder value." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: keith massey who wrote (132)	12/21/1999 7:27:00 PM
From: AriKirA	Read Replies (1) \| Respond to of 140

I guess they are in a giving mood! It must be the holidays... Here are the closing prices for the month of December: Date Ex Open Hi Lo Close Chg Vol #Tr Dec 21 1999 C 1.500 1.750 1.500 1.750 +.200 94700 20 Dec 20 1999 C 1.550 1.600 1.500 1.550 +.000 61600 14 Dec 17 1999 C 1.450 1.550 1.450 1.550 +.150 76352 15 Dec 16 1999 C 1.500 1.600 1.400 1.400 -.200 54935 17 Dec 15 1999 C 1.900 1.900 1.550 1.600 -.350 143989 46 Dec 14 1999 C 2.150 2.150 1.850 1.950 -.200 147150 37 Dec 13 1999 C 2.100 2.200 2.050 2.150 +.150 243735 45 Dec 10 1999 C 2.450 2.650 1.900 2.000 -.250 422555 94 Dec 9 1999 C 1.650 2.500 1.600 2.250 +.700 128430 44 Dec 8 1999 C 1.500 1.750 1.400 1.550 +.100 153766 35 Dec 7 1999 C 1.400 1.500 1.350 1.450 +.150 62500 18 Dec 6 1999 C 1.100 1.600 1.100 1.300 +.200 126500 31 Dec 3 1999 C 1.050 1.150 1.050 1.100 +.000 120200 25 Dec 2 1999 C 1.200 1.200 1.100 1.100 +.050 153950 26 Dec 1 1999 C .900 1.150 .850 1.050 +.200 246600 31 The last closing took place today... I wonder when the offering began. I don't really agree with giving out special warrants at 0.80! If you read this post Message 8711747 you will notice the following excerpt: I was told that they would be willing to proceed with a second offering if the shares are issued at a reasonable level. Asked on what he considered to be a reasonable level, he replied $3-$4. Therefore, I personally think that such an offering will take place in a few months. I presume it will be for 2,000,000 - 3,000,000 shares. Heck, they were pretty much off on everything else so no surprise here. Dilution at ridiculous prices pretty much sums up what I think of this offering. Kind Regards AJ