RE: the only truth hereWhere'd you learn to do math?
100 million market cap?
"Following the completion of this second tranche of the private placement, the Corporation has 164,884,813 Common shares issues and outstanding." - from the last NR
Of which 18 million are subject to a hold period till June 4, 2011.
So right now we're at 147 million shares outstanding X 0.53 cents or a 78 million dollar market cap.
+
NEW YORK / TORONTO, November 9, 2010 – Intertainment Media Inc. (TSXV:INT) (“Intertainment”), a leading provider of white label social media and engagement technologies, is pleased to announce that its wholly owned division, Itibiti Systems Inc. (“itiBiti”), has entered into a strategic relationship with US National multi-platform media firm Cross MediaWorks ("CMW"). CMW will provide sales support and services for itiBiti through its extensive roster of networks, clients, agencies and programming platforms. itiBiti and CMW will work together to develop itiBiti programs and other Intertainment Media applications for CMW and its clients.The relationship will allow Cross Mediaworks and its divisions to bring the itiBiti platform to a wide range of
business verticals including local television station groups allowing them to increase their local share of voice as well as aggregate social media tools, while providing them opportunities to capture incremental local market digital revenues. As part of the strategic relationship and achievement of business milestones, the Company has issued itiBiti common share purchase options to CMW at $2.70 per common share giving itiBiti an effective pre-exercised value of $27 M USD.
So with 5 million in cash currently and itiBiti being valued at close to $30 million we're getting a valuation of about $45 million on Ortsbo which rivals Facebook's growth and has doubled month by month in almost all metrics over the past 3 months. Facebook - 50 billion, Twitter - 10 billion valuations