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.

Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (3089)	9/23/2002 2:37:06 PM
From: ralfph	Read Replies (1) \| Respond to of 8273

Heres a funny and biased announcement.Who scripted this piece of drool? TORONTO, Sept 11 (Reuters) -Shares of Itech Capital Corp. (Toronto:ITE.TO - News), jumped more than 40 percent in heavy volume on Wednesday after the business development company said it would buy Sirit Technologies Inc. in a stock and debt deal. Itech, a development company that specializes in tech firms, jumped 5 Canadian cents, or 41.7 percent, to 17 Canadian cents to lead percentage gainers on the Toronto Stock Exchange. Volume was 110,510 shares. The Vancouver-based company said late Tuesday that it would buy Sirit, a designer and manufacturer of radio frequency identification technology, in a stock deal in which Itech would offer 0.11326 of a common share for each Sirit share. Itech is expected to issue about 15 million shares. The company said holders of Sirit debt, valued at C$3.7 million, have agreed to accept 91.4 million shares of Sirit shares, at a conversion rate of 4 Canadian cents a share, in exchange for the debt. Both boards have approved the transaction. ($1=$1.57 Canadian) HEAVY TRADING INDEED. give me a break. regards ralfph