Thursday, November 18, 2010

New developments at ITEX

Here, there is a FAQ from the disident shareholders of ITEX.

Here, a lot of ITEX franchisees are supporting management.

It isn't a good sign for the proxy fighters.

Disclosure: None. This is not advice of any kind. Do your own research before doing anything.

EDIT: Here is a new presentation from the dissident group. It's good, and shows discrepancies in ITEX accounting. I really doubt that the franchisees will care much about it, but rather, the shareholders.

1 comment:

Anonymous said...

I'm not sure if that is a bad sign or not. How many franchisees are also shareholders? I've already returned my gold proxy supporting the enhanceitex nominees. I'm a shareholder, but not a franchisee.