INT way too oversold
INT is now way too oversold, and at it's 62% retractment expect a change in trend very soon. What a nice opportunity to buy back, to add to a position or to get in for first time it won't be this low for too long and everybody knows that, the turn around will be explosive and fast.
Remember INT is coming now with updates at least twice a week.
INT has cash and has revenue,
This is from February -01-2011
Bigger than Facebook? Maybe not, but in a breathless press release Monday, previously little known Intertainment Media (TSXV:INT) compared the growth of its real time translation platform, Ortsbo, to the trajectory of the world's most popular social network. Intertainment's CEO David Lucatch reported the company was seeing "...almost four million active users on a monthly basis, increasing 83 per cent month over month, and is currently tracking at over 1.2 million per week, well on its way to Facebook's 2005 second year results of 5.5 million active users."
On Tuesday, investors were buying the comparison; Intertainment Media today posted a more than 100% gain as more than 48 million shares changed hands.
Richmond Hill, Ontario's Intertainment listed on the TSXV in 2006 and is divided into four divisions; itiBiti, a social media app that allows company's to change the look and feel of their marketing platform in real time, Adtaffy, a georgaphy based IP engagement tool and Magnum, a traditional print shop. But it's Ortsbo, which was launched last July 22nd and works seamlessly across instant messaging platforms such as AIM, Facebook Yahoo! that has driven the company to a near $50 million market cap in a matter of days.
Intertainment Media reported revenues of $1.37 million in the quarter ended September 30th, 2010, a number that was more than a million dollars higher than the previous year. But investors lapping up the company's shares on Tuesday may be betting it is a buyout target rather than revenue growth play. At the bottom of Monday's press release the company announced it had engaged software M&A firm The Corum Group to "assist with its strategic opportunities"
https://www.cantechletter.com/2011/02/intertainment-medias-upside-not-lost-in-translation/
INT Ortsbo is real time direct and not a copy and paste translator like others and as well It also can handle multiple translations at the same time.
Ortsbo (
www.ortsbo.com) enables real time conversational translation in over 50 languages and dseamlessly integrates with 13 of today’s most popular social media platforms including Windows Live Messenger, Facebook, Google Talk, Tencent QQ, Yahoo! Messenger, iChat, AIM, ICQ, Gadu-Gadu, Lotus Sametime, LiveJournal, Nokia Ovi and others. Ortsbo’s multilingual translation platform will also be available as a private chat network application and as a plug in module for Microsoft Outlook email. Ortsbo is currently being enhanced for desktop, mobile and console applications.Ortsbo began operations July 22, 2010 and since then we’ve seen a significant rise in all areas of our key performance measurements
Management has not sold a single share
Some insider ( not too bright ) sold some ( look at the price they sold ) , you have to understand that an
insider could be anybody not necessary some body from the company
https://canadianinsider.com/coReport/allTransactions.php?ticker=int
Do your dd
SB