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

To: Rob Davis who wrote (4236)	2/25/2000 7:21:00 AM
From: Rob Davis	Read Replies (2) \| Respond to of 5053

I believe Keith has already calculated that iTech will own approximately 0.7% of Medsite. So $5 or $50 millions will depend on what the market values Medsite at. If the market values Medsite at $714 million, then we should end up with $5 million. If the market values Medsite at $7 billion, we will end up with $50 million. Is my math/assumption's wrong here. I've been thinking about it and we probably won't have 0.7% after the IPO, will we? Will some new shares be issued that will be sold to the public? Thus some dilution to our 0.7%? If that is the case, then you have to do the math simply with number of shares owned. IE. For every ~$5 that Medsite goes up, iTech pockets $1 million. Cheers, Rob