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

To: gordant who wrote (3737)	1/14/2000 7:34:00 PM
From: Hudson	Read Replies (1) \| Respond to of 5053

Kaiser says hold Jordex for post-IPO move by Medsite Jordex Resources Inc JDX Shares issued 30,374,357 Jan 14 close $1.43 Fri 14 Jan 2000 In the News John Kaiser, writing in the Jan. 3-7 Bottom-Fish Review dated Jan. 10, says Jordex Resources is a hold at $1.41. Mr. Kaiser recommended Jordex in December, 1998, at 50 cents; other buy tips were December, 1997, at 85 cents, and February, 1999, at 59 cents. He commented on the newly minted technology company's affairs six times last year. In the current report, Mr. Kaiser says Jordex received good mileage out of its investment in Medsite.com, a business-to-business site for physicians that has apparently raised $75-million to $80-million (U.S.). Jordex has invested $1-million (U.S.) in convertible preferred Medsite stock plus an undisclosed additional amount more recently. What percentage of Medsite this represents is unknown, but Jordex has bought into other companies, making it something of a seed-stock holding company. He cautions, however, that "the more diversified Jordex's portfolio becomes, the more indifferent the market will become until eventually Jordex will trade at a deep discount to its breakup value." He advises watching for an initial public offering by Medsite to trigger a stock move.

To: gordant who wrote (3737)	1/15/2000 1:22:00 AM
From: Keith Minler	Read Replies (1) \| Respond to of 5053

HI Gordo; your post brings up an interesting question that I have been puzzling over with respect to IPO's. In the NEOF example they will sell 7 million shares for say top price of $10.00, and raise 70 million. There will be 57 million shares post offering, does this imply that the market cap is now 57,000,000 * $10.00 equals 570 million? Seems logical but a little like voodoo!!! I have been noodling around trying to guess at what Medsite might be worth and want to make sure my assumptions are correct. Later Keith