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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: keith massey who wrote (1003)9/25/1999 4:31:00 PM
From: knight  Read Replies (2) of 5053
 
Keith, I'll buy the statement that it takes time to build real businesses, when and if you have one. From Jordy's web site:

"Excerpt From The Chairman's Introductory Speech At The Annual Meeting, April 19, 1999

"Last year we announced a change in our business direction. Since that time, we have established a clear criteria or filter to a business selection process weighted toward the field of technology. Without going into specifics, this criteria emphasized a strong business model with fast growth. We have been successful in identifying potential business targets and have engaged in various levels of discussion and negotiation. We are ever mindful of shareholder value and will use this mindset to drive future discussions to a successful conclusion".

Brian A. Hinchcliffe, Chairman "

My question to you is; just how long should it take to get out of sleep mode?
They knew last year about the change in direction. They have the criteria established and filters in place. They have been successful in identifying various potential business targets. So what the hell are we waiting for! Is it really that difficult to identify a prospective venture if the BOD has all expertise like we are led to believe? If someone out there has been involved in large business acquisitions, what is a reasonable time frame for something like this?
Just looking for answers as always,

knight

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