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.

Technology Stocks : ITEX is a Great Buy at under $6 -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Cullen who wrote (459)	11/23/1998 3:24:00 PM
From: Andrew Martin	Read Replies (1) \| Respond to of 623

Bruce, don't forget nearly everything which has affected this stock since this Spring was due to it's acquisition of BXI. The $10.8 mil. used for the purchase is the probable cause for the sale of stock the company mentions in it's last 10Q. Now that it has financed and acquired BXI the additions to revenue and capitalization will take effect. I would suspect the delay in reporting has to do with the likely fact that the old accountants were not up to the task of auditing both Itex's yearly financials and the BXI purchase while preparing the 10K. Unless previous financial statements were corrupted I see a win-win in the upcoming financials from the company. First, the 10K will include the BXI assets and several weeks of revenue from BXI's operations. Secondly, the following 10Q will have a full Qtr. of BXI revenue for a strong yoy growth rate. I believe the stock is currently at the best premium it is going to see for a while. Regards, -Andrew.