T.ITE: iTech Capital (TSE) Message Board

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

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To: mr. campbell who wrote (4189)	2/22/2000 2:14:00 PM
From: Keith Minler	Read Replies (1) of 5053

Good afternooon Mr. Campbell; Haywood have been net sellers big time for about a week, usually near the highs, so far today they have sold 28,400 and bought nil. They might just be liquidating the shares they accumulated last fall,(about 300K I think) supporting the price around $0.70, or they might feel we have topped out or they might be helping to keep the price down. They are of interest since it is felt that they are one of the preferred brokerages for insiders. I cannot see any advantage to keeping price down, not enough shares are trading to make big accumulation possible. If they are working on a financing then I would think the better the price the better the deal. Particularly since we are selling the sizzle, not the steak. Nor do I think we have made a long term top, short term there may not be any news until after the name change, which means we might drift lower. All in all I think that they are just selling the stuff from last fall, short sighted but what bad things can I say about brokers that we all don't already know. Later Keith PS I'll post significant house positions tonight.

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