asx query yesterday

Hi Guys

What was everybody’s opinion on the response to the ASX Query yesterday. Could ITE have handled it all differently..imo..you bet they could have.

Three very important snippets of info delivered to the marked a on a share price enquiry

1 New contract
2 Partnership or Merger
3 Loss 4.5-5mill

What if they had just mentioned point 1 the new contract?? the market would have reacted quite differently
What if just points 1 and 2 where mentioned……WOW……

They did not have to nor where they obliged to, at this point of time announce point 3 nor for that matter point 2

But they did why????

Maybe to offset point 3 and go into damage control
Maybe because they are just open and honest with investors and BOM have integrity

And anyway if it were me as far as point 3 goes I would certainly slightly exaggerate the loss (remember this 4.5-5mill is olnly and estimate). Because if in 2-3 weeks time when the official loss comes out I would, if I were ITE, want it to be less than estimated. Wouldn’t you??

The money has not been Lost, it has just been slipped into a different time zone.

The more I digest and the more I think about yesterdays announcements--- THE MORE I LIKE THEM AND THE WAY IN WHICH THEY WERE HANDLED.

Your thoughts please
Regards

UL