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Re: [sharechat] ITCOD

From:	"Les" <openmind@paradise.net.nz>
Date:	Wed, 6 Sep 2000 09:32:42 +1200

Bruce, The options price is dictated by the share price at .155c plus 17.5c the amount payable in October they are now = to the share Value (no premium)

I believe that ITC has superior infrastructure too become a world leader in it's field and will be posting a healthy profit this financial year because of the Exo-net sale. The Merrill Lynch report on the company said the management fees for their Chinese venture Capital fund will cover current overheads, meaning Cash Burn Rate is eliminated.

The Head share is in a trading range of 32c to 38c. Down side drift below 32c is most unlikely a breakout above 38c becomes more likely the longer the share stays in this trading range. My pick is a breakout before December 00.

I read somewere that the CEO said a raft of announcements are due before years end and thats exactly what is happening.

What should do? hold and accumulate.

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