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

To: marcos who wrote (4938)	4/11/2001 6:59:26 PM
From: teevee	Read Replies (2) \| Respond to of 5053

marcos, Thanks. I added another 2000 ELAS earlier this week at $1.05. Now that many many billions have been spent building the internet highway "putting the cart in front of the horse", it is now time to get the consumer connected to high speed broad band. I am already there with a cable connection, but cable is only somewhere from 6-10% of the market. Everyone else is on twisted pair copper wire so I reckon that ELAS will come into its own this year and next, if ever. ELAS has a little more than US$2.00 cash per share and the burn rate is no more than $US.80 worst case so there is more than 2.5 years for ELAS to grow into profitability. Us consumers always drive the market so either ELAS will succeed if and as consumers buy into high speed broadband or the TSX's, NTs and CSCO's are in big trouble. At this time, ELAS appears to have the best "mouse trap" but technological innovation is always a risk too. I did notice that NT is responsible for 40% of ELAS sales. At a buck and change or less than half the cash/share, I reckon ELAS is a reasonable gamble. Cheers. teevee