ITEX is a Great Buy at under $6 Message Board

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Technology Stocks : ITEX is a Great Buy at under $6

ITEX 3.000

0.0%

Jan 30 9:30 AM EST

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To: Abel Vieira who wrote (581)	4/24/1999 1:19:00 AM
From: Les French	Read Replies (2) of 623

Abel, At his deposition, Mr. Cullen acknowledged that he had been duped by Itex, after he was permitted to review Nasdaq delisting documents for the first time. Itex is a company which has never turned a profit since its inclusion on Nasdaq. Instead, Itex insiders promoted its stock by misleading investors and the company survived off the resulting sale of stocks and private placements. Innocent targets like Bruce Cullen were impressed with the concept of an "internet-based" barter company. The profile of Itex was just "too good to be true". Investors wanted to believe the lies. Itex will be restating its financials going back five years, and its audited balance sheet going back two years, as part of its administrative settlement with the SEC. Best, Les

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