RE: RE: RE: Insider sellingHi Sheppy,
Here is the relevant quote:
"To support the acceleration of Intertainment's programs, itiBiti, Ad Taffy and Ortsbo, insiders have sold shares in the context of the market and provided all the funds, $259,000 CDN, net of trading commissions, to the Company
by way of purchase of stock options, common shares and short term loans. The funds will be used to enhance the Company's products, market execution and general working capital purposes. Subject to approval by the board of directors, the Company will issue 1.475 Million options to insiders for the purchase of common shares at
.13 CDN."
https://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DV%2EINT%26newsid%3D7891678%26apFlag%3D
Not sure how they can purchase "common shares" unless it was through a private placement which i don't recall. If it was buying common shares in the open market, then what was the purpose of selling in the first place?
Also, unsure how you can buy "options" in a stock that doesn't have any options listed? Again, you could get a warrant as part of a private placement, but again, I don't recall a private placement.
As always, the above is my humble opinion. I would welcome anyone to respond that can shed some light on the cash infusion.
The 300