INT is deadIMO INT has proven out to be no different than other stocks on Venture. It is dead money and SP seems to have only one direction and that is south. Nothing changes the direction.We have seen in the past that there have been very impressive news eg. Ortsbo user number, KNCTR user number etc. But what kind of impact they had on SP. Only helped SP to go down.Even with Ortsbo evaluation of 210 MM INT could not support 0.5 level.
No doubt mgmt has done a great work but if the work is not reflected in SP then what an investor has to do with that great work.
The question is what will move the SP? If 40mil user numbers could not do good how 80mil will do? If 210MM evaluation could not give INT a market cap of 210 MM(current 125) then how come higher evaluation would do that.
IMO mgmt has done good job in promoting their brands but totally failed to protect investors investment. Why would someone invest when he knows that there is no SP support and is sinking day by day. IMO it has nothing to do with tax loss.
As far as Revenue is concerned I don’t see any major revenue from Ortsbo.That is another point if 40 mil user cannot generate revenue what is the assurity that 80 mil or 100 mil would do.
I have been long but totally disappointed by the SP.Nothing is working out for INT. Whatever they do is going against SP at the moment. The above is only my opinion govern yourself according to your DD.