more of the same., page-2

ITE operate in a highly specialised area of financial management, as such their potential market is somewhat limited.

All of the major global financial institutions will already have in place their risk management systems and to convert them to the ITE suite of products is a big ask. Arguably impossible.

I have suggested before that ITE will never be able to turn a profit from the sale of their products. Rather they need recurring income from maintenance contracts. Chicken and egg situation, they need sales in order to also have the maintenance income. Limited sales means limited recurring income.

It is very difficult to see ITE surviving in its present form. With a market cap. now of just $10mio perhaps they may appeal as a take-over target for some other outfit?