ITMTF.pk INT.v Intertainment Media
Have you guys seen the craziness that is INT? The Stockhouse board acts like it's in Guyana. Their Facebook page is also nuts.
The stock has run up 1000% this year on what is basically a public domain translation utility. A Seeking Alpha piece by a shortseller last week put the scent to the mob - they are rabid. Even Janice could not tame this group, I fear.
The company is reporting extraordinary growth in users of their translation utility. I have my doubts, but have no idea how to prove they are exaggerating.
The company has been in business for 5 years, has very low revenues and assets, sold 60 million shares (~25% of total) at a dime in February, and now sports a $300 million market cap.
Apparently it is the next (choose one): Facebook - Google - Yahoo - Bidu - Amazon
Most of the action seems to be occuring in Toronto, which until now I considered a relatively sane place. Apparently not.
