Ok, here is the official announcement from Itex, entitled "Itex Common Stock Delisted". It is dated December 23, so they probably plan on putting it out on the wires tomorrow morning (today is the 22nd)so it should show up on the internet.
An excerpt states: "Graham Norris, CEO and President, reported that the Company and its auditors are continuing to work closely with the SEC to bring about satisfactory resolution of this long-standing investigation. 'it now appears,' said Mr. Norris, 'that this may take some significant additional time to resolve. We will apply for listing, just as soon as we qualify.'"
In the mean time, the outlook for Itex is very good, from my point of view. I think this will enable Itex to make a clean, fresh start, at some point, in terms of developing its investor market. For for the present, I think the Itex Group can "re-tool" and upgrade its product, member support, and broker development. I would like to see this company re-qualify for Nasdaq with $10,000,000 cash in the bank. I know it can be done.
Take care for now,
Les |
