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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Riverlightning who wrote (4097)	2/17/2000 1:55:00 PM
From: Keith Minler	Read Replies (1) \| Respond to of 5053

Two interesting articles in Globe on incubator companies and neither mentions iTech. Of course with Itemus out of Vengold coming on stream with $125 million, it tends to grab the headlines. I think iTech needs to accelerate their approach, this slow but sure philosophy will leave them in the dust. On the one hand financings are getting larger and larger and on the other we have spent probably half of our cash and likely committed more to some nearly completed deals. While both Medsite and Elastic appear to be great deals we have no idea when they can be converted into more cash . The company will need to raise substantial amounts of money soon. Financing at a higher level has always been the plan and perhaps now is the time to consider methods of maximizing benefits, not only in terms of dollars raised but market awareness and interest as well. Perhaps a riff from the companies mining background might be useful. I would like to suggest that, at the time of the next financing, the company consider issuing rights to existing shareholders, as well as to whomever takes down the PP. This would allow existing shareholders to participate in future gains even if they have already committed all they can to iTech shares, it also allows the same benefit to insiders and would help to increase the total amount of money raised. The rights would be tradable and create a low cost method for more investors to participate, this would in turn generate a lot more interest. Just the announcement of such a strategy would create a tidal wave of interest. Hell, I'm exciting just thinking about it!! How does everyone else feel? If there is a groundswell of support for this approach we can approach the company with the suggestion and the indication that there is support. This post is getting long, I will put some speculative numbers together on the foregoing and post later. Comments? Later Keith