TSXV:BER.H - Post by User
Comment by
knowsnothing613on Jul 25, 2011 10:06pm
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Post# 18871682
RE: RE: Be greatful
RE: RE: Be greatfulINT is another pump n dump. you're luck you got out at all. It generates revenue and income, but management give themselves very nice stock based compensation. Selling & administrative expenses seem very high.
INT has 3.8M in cash, but the operating costs have been increasing substantially YoY (even adjusting for the stock compensation to management).
INT burn rate is horrible. They'll have to go back to the market for financing in 2 quarters. Or be bankrupt in a year.
It got pumped. Globe and mail picked up the story. Lured ma & pa. Pumpers got to exit, while ma & pa hold the bag. God bless free markets.