The trading of the common shares of Intertainment Media Inc. (TSX-V: INT; OTCQX: ITMFT; FRANKFURT: IT4) has been halted whole day today at “At the Request of the Company Pending News.”
The trading was halted at 8:00AM and no news was forthcoming from Intertainment Media up until to 6:30 PM (ET).
Meanwhile, Intertainment Media possible partner, Synchronica plc (LSE-AIM: SYNC; TSX-V: SYN)’s CEO, Angus Dent, may be in hot water in a case of “insider trading” in connection with the take-over bid from Myriad Group formally announced on January 31, 2012.
To fend off Myriad’s take-over, on February 8, 2012, Synchronica entered into a partnership and investment letter of intent (LOI) with Intertainment Media under which Intertainment Media would acquire over 18% of holding in Synchronica for an investment of CDN $10 million.