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Saturday, January 06, 2024 1:07:44 PM
INTV's market cap at the peak of 2017 and 2021 was 45MM and 115MM respectively.
INTV's 2017 reverse split was a smart move because 1. It was well-timed before the 20k run-up 2. Shares were not diluted.
INTV's 2023 reverse split is a terrible move because it is not well-timed and shares are being diluted.
For comparison, below are numbers of INTV that were to reach its previous peak market cap with OS as an anchor.
04/21/2023 with OS 2,860,596: $15.73 and $40.2
08/30/2023 with OS 4,000,000: $11.25 and $28.75
01/05/2024 with OS 5,064,492: $8.88 and $22.7
The effect of split and dilution so far is that the target of $40.2 was reduced to $22.7.
AND DILUTION IS NOT STOPPING. Assuming 10MM OS at the rate INTV is expanding "restricted shares", these numbers will be $4.5 and $11.5.
Of course, there are other variables as well. Dilution can have a positive effect if a company expands the business and increases revenue -- this is what most miners are doing.
CEO thinks that NASDAQ equals easy access to money and hence more revenue. Well, you also need successful execution and management of OPEX.
Recent INTV News
- Integrated Ventures Files Q3/2024 With Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share • InvestorsHub NewsWire • 05/15/2024 02:30:00 PM
- Integrated Ventures Delivers 376% Q2-to-Q1 Growth With Revenues Of $1,728,108 vs $1,059,064. • InvestorsHub NewsWire • 02/08/2024 01:30:00 PM
- Integrated Ventures Reports Preliminary Q1/2024 Revenue Results Of $1,059,064 vs $555,365 for Q1/2022 • InvestorsHub NewsWire • 11/10/2023 01:30:00 PM
- Integrated Ventures Buys Additional Miners With Focus On $7 Million In Yearly Revenues • InvestorsHub NewsWire • 11/08/2023 01:30:00 PM
- Integrated Ventures Reports $3,862,849 In Yearly Mining Revenues With 162 Bitcoins Produced • InvestorsHub NewsWire • 09/29/2023 02:00:00 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM