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

To: ralfph who wrote (5005)	4/24/2002 10:41:06 AM
From: Pied Piper	Respond to of 5053

Thanks for alerting me to this. I had pretty well forgotten ITE but there is a real buzz around the Stockhouse board today. Holding my breath until the dust settles. Could be a good outcome or a bad one. We'll see. Piper

To: ralfph who wrote (5005)	4/24/2002 6:37:21 PM
From: Michael Brandon	Read Replies (1) \| Respond to of 5053

The Company issues one of its most informative shareholder updates the day after Mr. Graham resigns. The resignation coincides with the rejection of an unsolicited takeover bid from an unnamed shareholder. The proxy vote includes a proposed $19,807,079 increase in shareholder equity through reduction of deficit as reflected on the Consolidated Balance Sheet. It looks like their backs are very close to the wall - very uncomfortable. One thing is for sure, nearly two years of complacency is out the window. I don't know what to make of all this....are we looking at a 50/50% chance of takeover? What happens then? Any words of wisdom from someone who has experienced similar situations? Thanks. -Mike-