RE: RE: Users Oh Teflon by the way there are some missing paragraphs in your pasted article dated may 5th 2011:
Intertainment Media (ITMTF.PK) has been one of the most active stocks on the Venture exchange since the end of January, rising from
.11 on January 25th to a high of $3.35 on April 19th. While the stock has sold off from recent highs, it hasn’t come all the way back to earth yet. The company has smartly decided to raise money while the stock is at this level, and press released on Tuesday morning that it is going to raise up to $48,000,000 at $1.20/share, plus a half warrant exercisable at $2.00 per full warrant. We are short the stock and I will try to explain why.
I do not have all the information I need to make a definitive statement and analysis. Everything in here is pieced together from publicly available information that the company has provided. I requested some information from the company that would have made certain things clear, but I did not hear back from them. If there are any errors or omissions in my analysis I am more than happy to hear about them and fix any mistakes in this commentary.
François