Pure speculation here but if it is still halted tomorrow, it could mean that they were awaiting the final setlement date for all of thursday transaction. Surprisingly, the OTC is still allowing trades. (if you want to trade today, you can do it. Just call your broker and ask them to do the transaction on the other platform being otc. They may say no at first, but if they have the proper platform bridge they will assist you in selling or buying on the otc under the ITMTF ticker symbol as it is the same company)
It also could mean a record date of February 23rd (would be surprising) or moving to TSX as of march 1st.
In any case, the news are to be highly important as INT requested the halt, they had to get an extension approved by the exchange and IMHO it has absolutely nothing to do with Synchronica news this morning or Myriad news of last week. This MUST be highly significant and material to the company to get that kind of exception.
My guess: new partner on board that will generate great revenues for ORTSBO and this BEFORE the spin off creating a higher value for ORTSBO and INT.
Based upon social media valuation company value is based upon revenues and number of users. 100M users without any revenues is less interesting than 50M users with 25M$ in revenues ( roughly 0,50 cents per user per year) and again based upon actual valuation it could mean that INT (including Ortsbo) would be easily valued at 1,25B$ or 4$ per share.
Again PURE SPECULATION here but we never know what even a small kick at annual revenues could generate for INT.
It also could mean a record date of February 23rd (would be surprising) or moving to TSX as of march 1st.
In any case, the news are to be highly important as INT requested the halt, they had to get an extension approved by the exchange and IMHO it has absolutely nothing to do with Synchronica news this morning or Myriad news of last week. This MUST be highly significant and material to the company to get that kind of exception.
My guess: new partner on board that will generate great revenues for ORTSBO and this BEFORE the spin off creating a higher value for ORTSBO and INT.
Based upon social media valuation company value is based upon revenues and number of users. 100M users without any revenues is less interesting than 50M users with 25M$ in revenues ( roughly 0,50 cents per user per year) and again based upon actual valuation it could mean that INT (including Ortsbo) would be easily valued at 1,25B$ or 4$ per share.
Again PURE SPECULATION here but we never know what even a small kick at annual revenues could generate for INT.
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