RE: RE: RE: Midnight owls - Open predictionsI predict the share price falls to below .80 by the close of trading next Tuesday becasue of the 35 million or so sharespurchased @ .10 becoming available in the public market on Monday June 6th. I hope the best for INT long term. Can't fight the market. Its like swimming against the current. Pump all you want but I don't think any material news is going to hold it up. I took a $2500 loss yesterday just to preserve capital.
TORONTO, CANADA--(Marketwire - Feb. 4, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT-News) is pleased to announce that it has completed the second tranche of its previously announced non-brokered private placement of units ("Units"). Intertainment issued 17,529,325 Units at a price of
.10 per Unit for gross proceeds of $1,752,932.50 in this second closing. Each Unit issued pursuant to the private placement is comprised of one common share of Intertainment ("Common Share") and one common share purchase warrant ("Warrant"). Each Warrant issued pursuant to this second tranche of the private placement entitles the holder to acquire one Common Share until February 3, 2013. All securities issued in connection with this second tranche of the private placement are subject to a four-month hold period, which expires on June 4, 2011