Valid point ocker. They are astute, and highly regarded and respected and are not in the business of investing in companies that will not provide a return on their investment. They would of done their due diligence and clearly believe in the long term sustainability and success of ITE's business model.
It is hard to fathom how far ITE has fallen. Last year regular announcements confirmed new contracts being signed, and multiple deals in the pipeline at various stages of success. Also, back in January 2007, they released communications about being approached by another entity concerning partnering or merger opportunities, and that they had engaged Origin Capital Group to explore the proposal. Well, it's all gone very quiet.
I would hold, as I believe the upside potential is still significantly stronger than the potential downside.
ITE
i.t.& e limited
