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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: Tony MacLeod who started this subject4/16/2001 6:21:26 PM
From: Condor   of 5053
 
Somebodys gotta post it....wish it wasn't me.
iTech's PinPoint files for bankruptcy protection

iTech Capital Corp ITE
Shares issued 30,374,357 Apr 11 close $0.21
Thu 12 Apr 2001 News Release
Mr. Jim Graham reports
PinPoint has notified all of its shareholders that it has been unsuccessful
in its attempt to raise additional capital required to continue operations.
The company attributes its failure to raise capital to the "state of the
current private equity market." As such, PinPoint has ceased operations and
has filed for protection under the bankruptcy laws.
iTech Capital noted that while PinPoint had been building its customer base
and apparently had a business model that would have been successful, such
success was dependent upon access to the capital markets.
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com
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