Itech Minerals Ltd V.ITM.H

RE: iSolutions Revenue Only in First Q?

[RJ4]

I have listened to the CC a second time,,and as far as I can make out,,the 2.8 million is organic growth..It seems to me that JT expected 1 million a month,,or 3 million per quarter,,but to come in at 2.8 really isn`t too bad in this economic enviroment.. I was not too happy to hear that more money will be needed to complete the year,,but from the CC ,,I got the impression that a partner may come through with some cash,,ie Seibel..I am hoping that ITM will not take the rest of the Canaccord financing plan that was drawn up quite some time ago( the line of credit}..For a new company like ITM there is bound to be some bumps in the road the first year.. JT assured us again that ITM is still on track to make the 50 million for 2001,,and become profitable in the latter part of the year.. I think if Q2 can produce the 10 million in revenues,,investors will feel a lot more comfortable..JT must have a very good idea by now about Q2 rev. so it comes down to the patience thing again!! RJ