RE: RE: IceAngle Here is what I see here. It looks to me like Dave lucatch runs the same business, over and over, with different products. The 1999 chat was the tip of the iceberg if you want to look for similarities. There were private placements at 1.20, dilutions, big share moves and drops. Always, mr lucatch is front and center and a major shareholder.
It appears that itibiti is moved out of the stable into a private and poynt is into a private as well. Does this hold value for intertainment shareholders.
Does using intertainment shareholders 1.5 million as a "loan" to poynt, and then using that money to bid for poynt and put it in a private holding company add value to intertainment shareholders?
does spending 500 thousand dollars a months to "support" ortsbo user numbers add value to intertainment shareholders (consider the costs were over 12 million cash ++ for this)
what are the user numbers currently for ortsbo? I would think around 50 or 60 thousand a month. Not quite 212 million. Why would the user numbers drop off if the users were on the product the way the company said......
here is the thing. Moving out itibiti makes sense. The debenture is due next month and intertainment doesn't have the cash to pay it. The new debenture will be for approximately the amount of the old debenture, at a similar interest rate.
That new debenture is SECURED AGAINST THE ASSETS of the company. Well, if poynt is out, and itibiti it out, and ortsbo can get spun out (doubtful but .....) then what's really left as security on the debenture and debts? Lexiphone is private, so how bout that. Is it safe?
all these other "investments"? Worth nearly nothing at the moment. Ortsbo is worth money if they can monetize it. There have been no announcements stating that they can. There was to be news over 2 weeks ago about monetization. Poynt went bankrupt for a reason. Can they turn it around? That's your bet here. There will be a years worth of money once all these deals close. Can they monetize poynt, or itibiti or ortsbo in that time frame.
If your answer is yes, are you 100% sure, and why. Because the company said so? Is you faith in mr lucatch's ability to actually generate a PROFIT in the next 12 months unshakable, knowing if he doesn't, the company could become insolvent (it is now anyway)
if you aren't 100% sure that this will generate money, then you are gambling.
If intertainment goes bankrupt, can you afford to lose what you have in it today.
Of course, all IMHO
GLTA