URGENT INT update

Well, the least we can say is that the financials for INT ending Dec 31^st were far from being stellar…

So, what is to be done on Monday morning?

There are 2 possibilities: you can sell if you think that INT share will be tanking rapidly and that there are simply no possibilities for any come back OR you can look at the storm comes in (if there is any) and hope for better days.

The actual problem is not only revenues but very high expenses that do not seems to stop and the payables that seems to be accumulating at high speed.

Any simple look at the documents filed on sedar shows that INT is in a very difficult situation at this time (based upon Dec 31^st results). Even if I will not go into them all, I would definitely suggest you do so at this time.

Now is there any hope? It might well be some IF contracts really start generating very good income. Based upon the last AGM and some NR, INT was indicating that all new opportunities will be geared toward generating revenues.

Will they be able to sign those deals? Will they be able to spin off Itibiti as they have mentioned?  Will they be able to spin out Ortsbo as everyone is expecting it?

There are actually too many questions unanswered and if I was only looking short term I would say that INT will have major difficulties coming back, from where they are actually, toward profitability.

Is this impossible, no  but odds are now against them and unless something major happen, I do not see share price going back to the level it was 1 year ago and it could even be difficult to get back over 25 cents.

On the other hand and as far as I am concerned, I would not be selling early on Monday because the storm that may start could be simply kind of tree shaking. The reasoning behind that is that normally market knows that kind of bad results and we should have seen already a major sell-off on Thursday or Friday but nothing major happened.

What is still interesting is the private placement of an extra 1M$ that should be closing soon and the 2,5M$ that just closed a couple of weeks ago. It is very difficult for me to imagine that those who subscribed the last one did not know the exact INT financial position and if future was not holding anything positive for INT why in the world would they invest that kind of money in INT?

So, in conclusion, INT was at Dec 31^st in a very bad financial position and I think that contracts signed may have generated some income in Q3 2013. To what extend? Very difficult to know and can only guess at this time.

One thing is sure, if INT does not reduce expenses dramatically and increase revenue rapidly, they will be facing difficult decisions to be taken and their future could be compromised.

So at this time I will recommend HOLDING any position that you are comfortable with still knowing that INT is now HIGH RISK and speculative.

As usual, do not invest more than you can afford to lose in ANY COMPANY and always take some profit when possible.