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i3 Interactive Inc C.BETS

Alternate Symbol(s):  BLITF

i3 Interactive Inc. is engaged in the business of providing customers with an online and mobile gaming platform, which provides sports fans worldwide with an engaging social gaming product, and sports betting and casino product offering. The Company operates in three geographical jurisdictions: India, Canada, and the United States. The Company operates through brands and platforms, including Blitzbet, Blitzpoker, and Blitzpools. Blitzbet is an online sports book and casino brand operated by the Company’s subsidiary, Deluxe Crown B.V., under a master license granted by Curacao. The Company operates Blitzpoker through its subsidiaries in India, Redrush Online Private Limited and Esperanza Gaming Private Limited. Blitzpoker is an online poker platform, which provides residents of certain Indian states with free to play poker games, as well as pay to play poker games. Blitzpools is an online fantasy platform available on Android, iOS, and desktop.


CSE:BETS - Post by User

Post by gamer101on May 03, 2021 5:19pm
312 Views
Post# 33119853

meh- Financials posted

meh- Financials postedAudited Financials ( December) posted, Lumping social media support, marketing, corporate development and consulting, spend of $4,668,379  on promotion, but wait for it -----------gross profit on sales of $308,238. Even more interesting, Chris (x-president) never mentioned a $29 million dollar claim against the company in all his on-line promotional claims before he was ousted. 

 Subsequent to December 31, 2020, a claim was made against the Company by an unrelated party seeking damages for breach of contract and unlawful use the individual’s name and image. The plaintiff is seeking compensation of up to $29 million in cash or a combination of cash and common shares of the Company. The outcome of this claim cannot be determined and no provision has been made in these consolidated financial statements. 
Subsequent to December 31, 2020, the Company received legal correspondence related to a potential claim for wrongful dismissal from a former officer of the Company. The outcome of this potential claim cannot be determined and no provision has been made in these consolidated financial statements

USD$5 million due today on the secret/nameless on-line gaming company in India according to the company's release.

lmao,meh
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