T.ITE: iTech Capital (TSE) Message Board

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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Condor who wrote (5035)	5/4/2002 4:16:06 PM
From: ralfph	Read Replies (1) of 5053

Heh Condor Yes I saw the announcement. And I like what I see .Until I do some math. The return on the money invested does not equal the money that ITE started with.Now I know this is a tough market and the company has managed to remain solvent. I know that the investments could dramaticaly go up in value in 2 years or so when the second tech wave hits. But will ITE continue with its negative cash flow in the interm? Will it burn through the cash until a million is left then do a rollback and financing to insiders ? At some point the cash flow needs to start comming in. I do not see that happening soon. I am now getting uncomfortable with the cash flow situation. The bosses pay seems out of line. So I make a bit of noise hoping someone will wake up. gotta run ralfph

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