RE: RE: Put PYN shares in the INT TrophyRoom Bird, don't waste your energy on him. He bought int shares at 18.5 and now he feels special because he belongs to a group of pumpers who are still waiting for obsolete technology which has been "incubating" for years, to be sold for billions.
It looks like the intertainment share price is being artificially kept up so the debenture can be converted to shares in 60 days at a higher price which is supposed to lessen the dilution.
Most probably, INT will not be able to pay back the debenture and they will attempt to convert it to shares. Then 4 months and 1 day later, the lender will dump the shares to more unsuspecting investors who keep buying the fantasy stories of the pumpers
Quote from the NR
"Given the ongoing interest in the US for Intertainment's incubation program and its products and the potential opportunity to spin out Ortsbo to a senior US Exchange, the Company has received interest and has offered to extend its Ortsbo debenture holders which are due on February 28, 2013 for a further 60 day extension. This offer is being made to maintain all the benefits of conversion provisions during this period. The reaction has initially been positive and the Company has begun receiving acceptance forms from debenture holders."
It looks like lots of spin in the quote to say they are in the process of converting it to shares.
This is just my opinion.
The bus guy is losing his money with more dilution coming in the next couple months. Don't need to degrade him even more.
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