Forum Archive Index - July 2001

["charlie brown" <gordy_gecko@hotmail.com>]

Has anyone considered ITC's position in relation to having to provide 
further funding in respect of its current ventures ie did they purchase 
their holdings at first round funding with second round and/or third round 
still due.

With only $8m in the bank and with little ability to leverage they risk 
being diluted in the future (with varying ramifications) if their 
investments require further funding to get them to the next level(as they 
all do!!).

One gets the feeling that Jeff and crew are under a little pressure!!




>From: "greg" <gregoire@paradise.net.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] ITC
>Date: Fri, 20 Jul 2001 10:23:09 +1200
>
>Nick,
>         the current price of ITC allows you to buy a speculative stock for 
>a lot less than the stock's investments are worth.  It seems outrageous to 
>me that 18 months ago ITC was trading at 90c with all the tech hype, and 
>yet now that the company is performing well it is trading under 20c.  It 
>just goes to show that you can agonize over the fundamentals of a company, 
>but it's predicting where the flock will go next that's the key.
>
>Disc:  Hold ITC.
>
>PS.  I would say that Mr Dittus' post is genuine.  Fraudulent rampers don't 
>generally leave their telephone number.


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