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[sharechat] ITC - sale of exo-net from an Aussie view

From:	"Peter Maiden" <pmaiden@today.com.au>
Date:	Wed, 16 Aug 2000 08:58:37 +1200

Hi 

Those ITC fans thought you might be interested in this story from 
thestandard.com.au

http://www.thestandard.com.au/articles/display/0,1449,10547,00.html?04

Maybe a good time to have a look at Solution 6 again

For those who expected a spike in the ITC price I think you need to assume that 
the price received was already built in to the 37 cents. The last valuation 
(look at the Merrill Lynch report on the ITC website) already had an implied 
$9-$10M value and even then NTA per share was still negative - at least that 
what I got out of it a quick read. 

Have a few thou ITC in the bottom draw for cashing in a few years.

Peter 

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