They sound like pretty bitter words Cloaka. Foresight is indeed valuable, but only when it is based on reasonable assumptions - not wild and fanciful wishes. Surely you would have to agree that some of the posts back in March time (or thereabouts) were indeed dribble – speculation of Citibank signing up for Razor is one that springs to mind. Equally some of the financial forecasts were totally unrealistic – profits of $30mio this year? Indeed, the blind chooks may well get their revenge, but not for the reasons that have been argued in the past.. I still maintain the ITE business model is unsustainable; they simply do not have the critic mass, and cash flows are unlikely to be to enable them to continue until such time as they are. Rather a buy-out is my best guess. (Citibank could probably afford to buy ITE for what they spend in 1 week on IT R&D, lol) If you still hold then I wish you well and with HH on your side a takeover price of around 20c-25c must be a possibility.
ITE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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