Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WhatsUpWithThat who wrote (4877)	11/25/2000 11:14:26 PM
From: marcos	Read Replies (2) \| Respond to of 5053

Yes you're nit-picking, but there's no law against that -g- ... sure there must be formalised ways of moving cash [revenue = cash, far as i'm concerned] from one corporate entity to another, but it's not at all difficult when one operation controls another 100%, you can call it a dividend or capital withdrawal or whatever [you just call the accountant and he puts the appropriate name on it] and you can do it any day of the week you like ... it's theirs lock stock and barrel, they could skim the cash and auction off the assets and turn it all into a fleet of Dickie Dee ice-cream carts any time they like. However, as my friend on a water board points out, every single house and apartment and office building etc on this continent is served by some sort of water supply system, and the water authorities which run them are a motley bunch, they run from six-house systems to huge city operations, and much of the infrastructure is of a certain age, ripe for replacement and renewal and reorganisation ... Control systems will figure huge in that renewal, and that's what Enviromation produces and services ... it is a massive industry and not about to get smaller, maybe not sexy like the dot.bombs but on the other hand people don't get upset when they turn on the tap and a limp B2B fails to dribble out, where with a lack of water they do, they want it day and night ... and cheap too, like all rate-supported services water boards are looking to cut costs ... and if E can perform competitively, they can help cut those costs while building a healthy business. Which takes capital, to build a business ... just a guess, but i expect they can use capital more effectively within E than outside it over the next few years ... hiring and training new people, developing new systems, marketing strategies ... i dunno, but i doubt a net withdrawal from E in the near future ... they could whiz some bucks out temporarily for a higher return and then shovel them right back in when useful, too, no problem ... or it could go the other way, ite could loan E funds for some project ... any of this could already have happened. Jordex paid per share of jdx eight cents canadian for E, right? [~30m jdx outstanding at the time, 1.6mUS purchase price] ... considering the revenue and net '99 profit, not a bad deal imho ... added to which, they get to keep the TSE listing -g-