Interactive Games (IGAM.OB) Jumps Up on “Spin-Off” News
Shares of Interactive Games Inc. (OTCBB: IGAM) ballooned up 33 percent today after news of the "spin-off" of its subsidiary surfaced. In mid-day trading, the stock was up 2 cents (33 percent) to 8 cents per share on volume of 313,370 shares.IGAM announced that its board of directors have established July 10, 2007 as the "record date" for determining the record holders of company common stock for purposes of receiving a pro rata spin-off distribution of the shares of capital stock of the company's wholly-owned operating subsidiary, to all of the company's shareholders. This spin-off of the company's current business…