It&e. (ITE)....Hi Everyone,Been assessing and thinking, re....

It&e. (ITE)....

Hi Everyone,

Been assessing and thinking, re. (ITE)- about:

" ....Proof, Proof, more Proof & ..... ‘Tipping Points’...."

Been thinking, that with many micro caps—like it&e....(ITE) ...and other potentially high growth micro cap stocks-- it is really simply a case of, various sub sets of investors, requiring various levels and depths of empirical proof—in which to assess and value the forward likely earnings....discounted for risk..... of the firm....

At present.... the “proof” ....as for ITE providing the Banks with a Sustainable Competitive Advantage Value adding solution-- and becoming a “franchise” –as accepted by the “market”-- for it&e (ITE).... to be able to provide leading edge Risk Management Software –through..... Monarque, PTX, and Razor—is as follows;

..... as adjudged.... to various degrees, ....by the following it&e (ITE) clients:

(1) HSBC Bank
(2) KBC Bank
(3) Timbercorp
(4) LLBW Bank
(5) Bear Sterns
(6) Fortis Bank
(7) Commonwealth Bank of Australia (CBA)
(8) National Australia Bank (NAB)
(9) Westpac Bank.
(10). Tier One Asian Bank. (Application disclosed—‘Monarque’—but name of bank, undisclosed, presumably for confidentiality reasons.)
(11). Bankers Trust
(12) Macquarie Bank.
(13). Qld Treasury Department.
(14). Suncorp Bank
(15). Zivnostekska
(16). Brown Bros Harriman Bank
(17) Penison France
(18) Post Bank
(19) Australian Stock Exchange (ASX)
(20) ANZ Bank (ANZ)
(21). Chicago Mercantile Exchange.
(23) Danske Bank . (Germany).
(24) Federal Home Loans Bank of Pittsburgh.

And as of: either 20/10/06 and /or... 29/11/06... the following was the Sales Pipeline and Merger & Partnership Commercial Developments, and ....what was described by it&e (ITE)-- as:-- “Other Strategic Opportunities”-- status.... as per the numbered list, set out, chronologically below:


(25) (i) Selected but pending, contractual finalizations & “test run of software ” status with Bank or other (European / USA).... Financial Institution.

(26) (ii) Selected but pending, contractual finalizations & “test run of software ” status with Bank or other (European / USA).... Financial Institution.

(27) (iii) Selected but pending, contractual finalizations & “test run of software ” status with Bank or other (European / USA).... Financial Institution.

(28). .... and.... A further ....five ...(5) .....Qualified Bank or Financial Institutional Contractual Opportunities ... “over and above”... the ‘above counted’-- further three in contract negotiations...—equaling 8 more on the it&e (ITE) sales short list, ....plus + .....whatever has been added to the (ITE) Sales pipe-line in December, January and early February.... before this sales pipeline was made public, on 29/11/06.

(29). Publicly announced ... That it&e (ITE) have been approached regarding: -- .... “Partnering and/or merger opportunities” with another entity—which it&e(ITE)-- is being advised by the Origin Group....

(30). In addition to this.... 'approach'.... as per: point- (29) above-- -- it&e (ITE) is considering also: ... >>-- “Other Strategic Opportunities” also with Origin Group advising—that, are now becoming available ....to the it&e (ITE) group. .....

Above.... is ---on one reading-- "the current status", as of 29/11/06... and 30/1/07—regarding most ....of the known (ITE) contracts and progress status....

As I said before; that with micro-caps--- there is, imo, a situation where you have, or can develop.... a series of.... iterations and a...... 'evolving hypothesis' ....based on ....certain levels of: Proof, Proof, and more Proof & ..... until the proof reaches a:-- ‘Tipping Point’.... and the greater weight of potential it&e (ITE) Larger Buyers and Share Holders-- comes into to form a consensus—one way or the other — about the veracity and liklihood ..... of that Hypothesis becoming accepting prevailing wisdom....

-To illustrate:--

.... Imagine a basic simple Weighing Scale ....–like a children’s see-saw...-- at your Butcher, or Fruit Store....for weighing on that Scale-- your meat or your grapes—and what that is worth per metric unit....

Then, imagine.... on one side of the Weighing Scale is the weight..... given to the points.... by various market participants—as to the value that ought to be attributed to: points ..... 1-30 ...as....documented above....

Imagine on the other end of the Weighing Scale is today’s (ITE) Share Price....

At some point—there is—or is not-- more weight—more proof, and more proof and more proof –in the form... of more Banks & Financial coming online with it&e (ITE) —as Contracted it&e (ITE) ....Clients....


...and now...on the On the matter of short term horizon-- and/or Current predicions as regards... Timing...

Within the Pharmaceutical industry, Large Scale Engineering Industry, Medical Equipment, Airline industries, Defense Force Industries, and ....Bank Industries...—to name but a few, for Mission Critical ..... new introductions... of new Software and related Applications...—often what is signed is a order subject to a one month --- “trial period” –or “bedding down” period of approx one (1) month.....

Without knowing exactly ... ..the particular exact circumstances--.... I personally .....would not be suprised-- .... that .... imo—(ITE)—it&e-- are most probably; somewhere ... (...3/4’s...??-- )..—...in and through-- that one (1) month..... “trial & bedding down-- period”-- With some or all-- of these contractually ready to finalize Bank deals ....That were recently mentioned.... at the AGM presentations-- by it&e (ITE). ....on 29/11/06...atthe AGM....

To put it bluntly...it.... could be only ... one(1) more day —...could be 12 more days— at the outside is my guess.... ...but not too much longer ....is my own appraisal ... within the context of this... “trial period” .... proposition....

And then ....something else tangible.... to muse on....

Every one (1) additional more Bank Contracts from here on in... (such as for example the recent wining of the.... Tier One Asian Bank, .....or.....the Qld Treasury Department, ....or ....the recent ....very successful contractual win ....with the Federal Home Loans Bank of Pittsburgh...in the ....USA ..against USA based competitors,.).......means ... that.... the next two, three and four New..... future Bank Globalized Risk Mgt Contracts, ...to come .....from the same Banking Geographic area or Sub-Sector.....of Banking // Finance--of the one's where they ahve now been so successful; .Becomes that much, and so much more exponentially easier....ie: much, much -- easier to get ....for it&e (ITE).... from here on in ..... moving immediately forward.....

Maybe anyway--some "food for thought".....

Kindest Regards,
Robbo.

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Kindest Regards,
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