Integrated Ventures Inc (INTV)

[sundownsam]

A letter of intent (“LOI”) is a written document that outlines the intentions of the buyer and the seller during a transaction. Simply put, the LOI is the roadmap to the transaction, in other words letters of intent aren't legally binding. There's nothing legally wrong with signing a letter of intent and then trying to negotiate the items in it, but it makes you look like you're not negotiating in good faith. A letter of intent is generally not binding since it's basically a description of the deal process. It is, in effect, an agreement to agree. Thus, either party can cancel the letter at any time. A party that has signed a letter of intent (LOI) may be legally bound to honor it depending on how the letter is drafted. In a business-to-business transaction, a letter of intent normally contains a provision stating that the letter is non-binding. With the exception of "in other words letters of intent aren't legally binding" I copied and pasted the rest.

In short, a letter of intent will not move the price of the stock upward, pumping will. So here is the pumping phrase in this letter of intent... "The Company has over (1) 50 active corporate clients, including Eli Lilly, Purdue University, Indiana University and major local hospitals, (2) operations in Indiana, Ohio, Michigan and Kentucky and (3) an extensive experience, servicing many business sectors, including healthcare, utilities, government, financial and telecommunications".

By the way, I am a shareholder and under no circumstances am I bashing INTV, but facts are facts. By the way, many small companies appear to always release news on signed letter of intent.