Forum Archive Index - February 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

Yes, the rumour did say it was going to happen this Friday - but, no
announcement - so is the rumour false, or has there just been a delay?

At the IT Investment Forum in Auckland on Monday, ITC were talking of their
expansion plans into Australia and South East Asia.

If they do aim to become a leading venture capital company in South East
Asia they will have to have a lot more money to make major investments.

So the question is, where will they get this money?  NZ Investors? Share
placements with institutions?  Or their US investors?

I certainly think that the latter is plausible -- I was talking to someone
who reminded me that, at its current share price, ITC is classed as a penny
dreadful in the US.  But the US Investors want to see a coy that has a high
share price, and delivers the goods.

So, maybe there will be an announcement shortly, but then again, maybe it
was all just rumours and nothing will happen.  Interesting times
nevertheless.

Ben

(Have holdings in ITC and ITCOD)

----- Original Message -----
From: <kevin.young@gfmb.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, February 18, 2000 4:24 PM
Subject: [sharechat] ITC Rumour


>
>
> What happen to the mother of all rumours that some US company/fund was
going to
> pump in $100 million into ITC.
> It was suppose to happen on Friday. Unless I'm mistaken today is Friday.
Maybe
> after market close.
>
> Kevin
>
>
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