desperate for cash, page-3

Yes buried in the notes. The Halcyon business looks like a little blinder for ITE. Actually generated a profit for ITE, and if it had been consolidated in for the full period would have been 500k profit.

People should recall that when ITE announced ANZ for a PTX contract the share price spiked to 35c or so. So with ITE we have strong chance that 2 tier-1 contracts will be announced at any time in the next 3 months. Plus the others, however we dont know the size of these other deals.

This is the key to a re-rate, when it happens I would think that the previous high of 35c would be very conservative.

cheers.