Well it looks as though all the major stake holders and...

Well it looks as though all the major stake holders and directors are prepared to put their money on the line. GBST is climbing the register on the cheap after probably pulling out of negotiations last year. One thing that did come out of the AGM was that they (ITE) had underestimated the red tape and time that the various financial institutions require before payment is received. The more projects they have in the pipeline the more resources the company has tied up. I feel that the lack of announcemnts on new leads is probably due to the extremely long lead time these negotiations go through before any money is seen on the bottom line as we've seen on the Canadian contract which I believe was about 10 million, though how much of that will appear on the bottom line I have no idea. You would expect that it really wouldn't require too many contracts to earn this company a substantial rerating by the market.

cloaka