Forum Archive Index - July 2001

["Wedde, John" <john.wedde@cit.ac.nz>]

Hi Charlie Brown,
What exactly makes you think they are under pressure?
I don't recall any earlier mentions of requirement for 2nd and 3rd round
funding.
Cheers,
John



                -----Original Message-----
                From:   charlie brown [mailto:gordy_gecko@hotmail.com]
                Sent:   Friday, 20 July 2001 12:55
                To:     sharechat@sharechat.co.nz
                Subject:        Re: [sharechat] ITC

                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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