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

To: Bert Klimer who wrote (512)12/22/1998 1:31:00 AM
From: Andrew Martin  Read Replies (1) | Respond to of 623
 
Itex does not maintain the value of members' goods traded within it's network as "assets". Itex's brokers assign value to goods by their approx. equivalency in USD. Itex trading revenue is derived as 5-7.5% of a network transaction. Their assets are only what the company wholly owns which are exclusive to the assets of it's members.



To: Bert Klimer who wrote (512)12/22/1998 2:28:00 AM
From: JD  Respond to of 623
 
Bert I think your point is correct, barter transactions are usually based on Retail rates. In terms of rooms, Rack rate. It would be easy to inflate the value of the company in order to obtain minimum asset requirements by NASDAQ, ITEX does hold a substantial amount of inventories at times some of which is somewhat subjective in value. However this really does have little affect on the operations and income unless converting such inventories to cash.


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