Re: Will Intertainment Catch Facebook IPO Wave? RIP
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posted on
Feb 05, 2012 03:03PM
From what I read in the January 20th update from management, shareholders on record (date to be defined) will receive the 30% dividend in the form of Ortsbo common stock. INT will retain interest in Ortsbo and believe that independently Ortsbo can grow faster allowing INT to benefit from this growth moving forward allowing them to invest in other more innovative technologies.
It appears that we are getting closer to an announcement of the date of this distribution and shareholders on record and why volume was up last week in anticipation of same. The market is very efficient and telling us something is about to happen; could it be the distribution annoucement or something bigger. Honestly I do not know, but take your cue from the market and Monday should provide us with some direction.
Also, in case you did not read the Jan 20th NR I did find this paragraph very intriguing to say the least. Link: http://www.intertainmentmedia.com/refresh/wp-content/uploads/2010/11/January-20-12-PR-Intertainment-Ortsbo-Transaction-Update-2012.pdf
"With the guidance and foresight of Intertainment’s strategic investment and incubation program, Ortsbo has quickly grown to over 40 Million Monthly Unique Users and has generated in excess of 1.3 Billion minutes of User Engagement, surpassing growth of Facebook, Gmail, Foursquare and other major social media platforms in its first year. To capitalize on the increasing enterprise valuations in the social media sector, Intertainment feels that the best methodology for continued increased value is to allow Ortsbo to grow as an independent firm."