Play of hte day is INT (Intertainment Media) on TSX venture. Nice company with a great product ORTSBO.
At current level it is a good deal as ORTSBO spin off details are expected very soon and shareholders on date of record will be entitled to received 33% of the spin off and that amounts to close to 70M$.
With around 350M shares outstanding that will mean a special dividend of about 0,20 per share (will be paid in the form of shares of ORTSBO) and this will increase the ask most probably up to 1,00$ rapidly.
As usual do not invest more than you can afford to lose and always do your due diligence.
At current level it is a good deal as ORTSBO spin off details are expected very soon and shareholders on date of record will be entitled to received 33% of the spin off and that amounts to close to 70M$.
With around 350M shares outstanding that will mean a special dividend of about 0,20 per share (will be paid in the form of shares of ORTSBO) and this will increase the ask most probably up to 1,00$ rapidly.
As usual do not invest more than you can afford to lose and always do your due diligence.
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