being accumulated, page-3

What blew it for ITE in that period was that management badly handled its communication to shareholders. It appears they are not shareholder friendly.

The confusing rights issue announcement was when shareholders lost respect for the management and all momentum in the sp (which was building ) was lost.

They have since announced great contract wins ( which were outside the timeframe announced in NOV last year ) but provided no numbers. Shareholders or prospective shareholders have no indication whatsoever what these numbers are. Are they material or immaterial ?

There is great uncertainty with this share and management have made no effort to clarify. Yet !

I do believe however that with the client list they have and are adding to and considering the status of the opposition that they are beating to win these contracts that we do have a significant company in the making. All this could be unravelled in the next few months.

I do believe that the sp will be significantly higher in the next few months as does the accumulator at 17 cents.