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        Hi I'm Ted Dixon with
        your morning report
preview
        for August 23rd.
        We have been keeping a
close eye on in
        Intellabridge Technology
since it first
        appeared in our March
Mining
        and Crypto stock report.
        For those unfamiliar with
the report
        you can find it from
        the INK home page right
under
        the research tab Now,
        it used to be called top
        gold but now it is called
Mining
        and Crypto so when we
        load it you can see that
it
        appears in a list
        of the previous reports
and there it
        is in our March edition.
        Now we've also been
following it
        in our Insights newsletter
which we put
        out every weekend and the
idea of
        the newsletter is to
basically
        highlight what areas in on
        the ink platform have
        really caught our
attention
        over the past week that we
feel could
        continue to provide some
insight
        into in the weeks ahead.
        So we really try and focus
on
        those special areas that
we feel are most
        relevant in the current
market
        environment you know from
        all the data and reports
that
        we've seen in the previous
week.
        So, it is forward looking
even
        though we do look at
        what took place on
        the platform in the
previous 7 days.
        Back on May 30th in
        our Insights newsletter
        basically suggesting that
        crypto would come back
        and at the time bitcoin
was trading under
        $40,000 so it is knocking
on
        the door of $50,000 Monday
        morning in Asia so that
has come our way.
        We also talked in this
report about
        Kash which is
        Intellabridge’s mobile
banking app.
        In the report we did
provide a look at
        the application interface
it was pre-beta.
        They’ve since launched
their beta project
        which I have not been
        able to register for so I
        haven’t had any experience
on that.
        But they did launch it at
        the end of June and the
stock performed
        relatively well into that
launch
        an after the launch and
you can see that
        just by visiting the
company page
        the Intellabridge company
page and there
        is the stock chart right
        in the kind of middle of
the page there
        and let me zoom in on that
        to give you a better look
at the picture.
        Ok, so what happened
        though at the beginning or
in the middle of
        July the company announced
        a financing to beef up its
treasury and
        it closed the deal on
        July 20th which involved
the issuance of just
        over 8,000,000 shares and
        eight million warrants and
        that was essentially free
trading stock
        and I go into the reasons
why
        in the morning report
which you can download
        on increasers com and
        that the financing was
done at dollar 24
        for the shares now
        the financing also
included warrants the
        same number of warrants at
$1.55
        for three years so that
        financing likely explains
some
        of the resistance the
stock has had recently
        but the CEO was buying
        last week as it traded
down towards
        the $1 level Canadian
dollar level
        so that's a positive sign
        and the outlook for the
stock
        continues to be sunny
        so we featured it in our
report this morning
        for the August 23rd in
light
        of the rebound in
        the crypto market and the
fact
        that this stock has
        a a sunny outlook
        and at put it in the top
10% of
        all our stocks ranked on
the basis of
        valuation insider
        commitment at price
momentum
        and I appreciate you
dropping by for
        this ink morning report
        preview and check back
        again tomorrow when we
will
        have another one and you
can also click on
        the notify button under
INK Ultra Money to be
        notified when we have
        our next preview
available.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in any
stock
        mentioned in our videos or
in our reports.