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

To: CF Rebel who wrote (4696)	5/25/2000 9:26:00 PM
From: Condor	Respond to of 5053

Thanks CF, that is an interesting compilation of info on the VC industry, well worth the read. "but you might be just a bit humbled" I think the share price movement of these last weeks has done that sufficiently well. However, I don't feel the baby needs to be thrown out with the bath water. This is still a sound little company with some valuable investments that I believe are going to do well. Even CMGI has been beaten up horribly lately. siliconinvestor.com I wouldn't want to consider the ITE performance in isolation of all other VC efforts. If I did I would abandon it now and I feel I would be doing myself a substantial disservice at this price level. Just my perspective. Thanks again for the link. Regards C

To: CF Rebel who wrote (4696)	5/26/2000 8:10:00 PM
From: Condor	Respond to of 5053

Kaiser says cooler IPO market serves iTech better iTech Capital Corp ITE Shares issued 30,374,357 May 26 close $0.80 Fri 26 May 2000 In the News John Kaiser, writing in a May 9 Bottom-Fish Tracker, says iTech Capital -- the former Jordex Resources -- was treated harshly when the technology bull market ran out of steam. Indeed, the stock peaked at $4.40 in March and was $1.01 at the time of his report. Mr. Kaiser recommended Jordex in December, 1997, at 87 cents, again in December, 1998, at 50 cents, and in February, 1999, at 59 cents. In March, just as it changed its name to iTech, Mr. Kaiser recommended selling 25 per cent of the stock at $3.74, noting that it had gapped up on no apparent news. In the current report, Mr. Kaiser says he has never been comfortable with iTech's strategy because he views all initial public offering manias as unpredictable phenomena that generally signal a bull-market peak. Mr. Kaiser says the irony is that while iTech is wounded now, it is probably in a much better position to make good decisions than during the past eight months when capital was chasing practically anything. He adds that the $4.40 run was market driven; when the company's story gets going, it will do a lot better than $5. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com