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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: Michael Brandon who wrote (4637)4/27/2000 1:16:00 PM
From: mr. campbell  Read Replies (1) of 5053
 
Michael

That number ($6 million) is in US dollars I believe and that is the total cash remaining. Monthly burn rate I would think is around 100k-150k. They did seem quite excited about the up comming 12 months with limited mention of 4 possible IPO's. In a talk with Brian during the reception a mention of the the 4 possibilities are Medsite, Elastic, Bizfone, and Pinpoint. Medisite IPO was mentioned and the feeling was that it would be in the best interest of all involved to await better market conditions. Medsite is almost watching the market daily at this point. Also there was mention of where ITE's goals in terms of return on investment and the their response was about 10X.

Almost every question that could be asked was covered to some degree so feel free to ask. I've taken a lot of DD from everyone it's time I give some back.

rob...
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