Canadian Technology Stocks and Startups
Before bad became worse for beleaguered Calgary-based company Poynt, it borrowed $1.5-million at an 8% interest rate and issued six million non-transferable bonus warrants to Intertainment Media (TSXV:INT) at a price of 11.5 cents per share. The move was largely overshadowed by the hope, not to say expectation, that Poynt would somehow recover. As late [...]
Intertainment Media (TSXV:INT) today announced that it has increased the size of its previously announced private placement. The company says it will place up to $2,500,000 additional units at a price of $0.20 per each. Intertainment closed the first tranche of the placement of 6,875,986 Units for proceeds of $1,375,197.20 on October 4th. Management says [...]
Intertainment Media (TSXV:INT) CEO David Lucatch was the first to present at the M Partners Tech 12 Conference today. Lucatch opened by reiterating the company’s plan to spin off Ortsbo, the notable translation platform which has topped the 100-million user mark. Ortsbo translates, in real time, more than fifty different languages across a dozen social [...]
The worst news for Poynt (TSX:PYN) shareholders today. This morning, after its stock was halted late yesterday, the company announced it had filed notice of intention to file a proposal under Canada’s Bankruptcy and Insolvency Act. The company said it is not currently in a position to meet its obligations to secured and unsecured creditors. [...]
When Intertainment Media (TSXV:INT) received final approval from the TSX Venture Exchange last summer for a private placement of nearly $24-million, it was one of the largest non-brokered financings of the year. The cash-injection instantly installed a base value to high-flying Toronto-based social media junior, whose Ortsbo translation software has since passed the 162-million unique [...]
The pop group Maroon 5, which was formed a decade ago in Los Angeles, has achieved the kind of success most acts only dream of. The Grammy winning group has sold more than ten-million records in the United States. 2012, the band’s biggest year ever, has seen their success go international. The song “Payphone” released [...]
Just a few years ago, the average person’s interaction with celebrities was similar to their parents. Maybe you were in a fan club or attended the odd charity golf tournament, the way your dad once met Steve Gutenberg and got that picture that sits on the mantle to this day. These days, Twitter, Facebook, even [...]
Last week, Intertainment Media (TSXV:INT) completed a deal that will see it acquire 25% of Israel-based voice translation innovator Lexifone. Lexifone’s technology, which is currently in beta testing and will be released soon, allows a user to speak normally into a phone and have their speech translated into the language of their choice within seconds. [...]
In a move that had both Silicon Valley and Wall Street buzzing, founder and CEO Mark Zuckerberg this morning announced that Facebook would acquire photo sharing app Instagram for approximately $1-billion in cash and stock. According to the LA Times’ Jessica Guynn, Instagram had turned down a previous offer from Facebook and was rumoured to [...]
On February 28th, Intertainment Media (TSXV:INT) announced its Ortsbo translation software recorded more than 107 million unique users for the thirty-day period between January 25th and February 23rd. The usage, says the company, is increasing dramatically in Asia and sparked by the company’s “live and global” promotional events with Disney, Dreamworks, Variety, and the Sundance [...]
