World Kinect Corp V.INT

INTERTAINMENT ORTSBO'S SUSPICIOUS VALUE

[Kevin987]

From the last Intertainment news release May 5th, It just looks suspicious and manipulative the company would state that Ortsbo's has a value of 50 million $ because the code was sold to yappn.
Was this an attempt at trying to keep the intertainment share price from falling to half a penny?

Intertainment supposedly owns 70% of yappn.
David L, CEO and director of both Intertainment and yappn has his hand in setting the price just to brag about it in a news release.
Isn't that odd?

Intertainment Media Subsidiary Ortsbo to Receive $2 Million in Equity From Yappn for IP Rights Exercise

V.INT| 13 days ago

TORONTO, CANADA and NEW YORK, NEW YORK--(Marketwired - May 5, 2014) -Intertainment Media Inc. ("Intertainment Media" or "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that Yappn Corp. (OTCQB:YPPN) ("Yappn") has agreed to purchase a copy of the Ortsbo Inc. ("Ortsbo") source code for its language services platform. Yappn provides real-time language services that allows members of the global community to communicate online, conduct eCommerce and facilitate customer services across nearly 70 language

Under the terms of Yappn's licensing agreement with Ortsbo and amendment for Yappn to purchase source code for its specific purposes, Yappn has agreed to pay Ortsbo, USD$2 Million in restricted Yappn common stock at an agreed upon price of USD$0.15 per share, or 13,333,333 restricted common shares of Yappn Corp to exercise the source code purchase option. In addition, Yappn will retain first right to purchase part or all of Ortsbo as per its agreement. As recently announced on February 27, 2014, Ortsbo completed an equity transaction that provided for the conversion of approximately CDN$3.425 Million of unsecured debt into common shares of its subsidiary Ortsbo Inc. priced at an enterprise value of USD$50 Million for Ortsbo Inc.