It’s interesting to see the dark horse or maybe that should be the dark lord’s name mentioned in this race for ITE ie UXC; According to their web site UXC operates through three business groups;
‘The Intellectual Property Ventures Group identifies, develops and commercialises intellectual property to realise associated capital gains. The one (AND ONLY) operating business unit in this group, ILID (pronounced eye-lid) The other 2 sections in the IPV group are ENERGY and RISK MANAGEMENT. If you go here http://www.uxc.com.au/portfolio.htm astute readers will notice that the box labeled Risk Management has err nothing in it!!! Seeing they went to so much trouble and made a box for risk management and all............. it makes you wonder. For those who don’t know UXC has had an investment in ITE off and on over the last few years (currently on). We can probably find out if Mr Lord is still interested in ITE by contacting the director of Merger and Acquisitions ………… err………….. you there Ralph? Maybe they’ve lost interest in ITE (oink flap) and they’ve forgotten to fix up their website since Ralph left ??? Anyone seen Ralph??
ITE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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