Friday, November 17, 2017 4:37:38 PM
INMG Security Details
Share Structure
Market Value1 $2,986,282 a/o Nov 13, 2017
Authorized Shares 500,000,000 a/o Jun 28, 2017
Outstanding Shares 281,724,670 a/o Nov 10, 2017 (*about 75M are restricted for 1yr)
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 172,611,602 a/o Nov 10, 2017
Par Value Not Available
INMG FACTS & EVALUATIONS: PLEASE STICKY: INMG FACTS on SERIES B PREFERRED Shares PR...Important Facts: INMG PR THE FACTS ARE IN THIS POST. READ IT. IF YOU HAVE A QUESTION EMAIL OR PM CANNANET.TV ON SOCIAL MEDIA OR AT IINFO@INNOVATIVMEDIA.COM
Before I get into these comps & info...REMEMBER about 1 Month ago the PPS went from under .009 to almost 2 cents in roughly 15-20 minutes with some buying volume....SHOW ME A STOCK THAT CAN go up over 120% in literally minutes with volume....IT TOOK ALOT OF FLIPPERS OUT OF THE MIX AND NOW THEY ARE BEGGING FOR THEIR SHARES BACK...LONGS ACCUMULATING AND WAITING FOR MUCH HIGHER NUMBERS .10+...WE ALREDY HIT .0425 MONTHS BEFORE LAUNCH...LAUNCH IS DAYS AWAY NOW....NOV. 28TH....TOM IS BUILDING OUT THE FIRST WORLDWIDE CANNABIS NETWORK/CHANNEL ON THE PLANET....AND THIS IS A GROUND FLOOR OPPORTUNITY FOR ALL OF US.
ALL READ: THE FLOAT IS LOCKED AT 172M UNTIL OCT 2018. Yes there was dilution with a 1 to 2,500,000 conversion hence 10 shares being converted to 2,500,000, BUT NO MORE. TOM put an end to ANY of that with series B shares being redeemed as per the PR on October 11... SO NO NEED TO MENTION DILUTION AGAIN SINCE IT WON'T BE HAPPENING....ALL WE NEED IS VOLUME..IT WILL COME....
1- THERE IS NO TOXIC DEBT. IN FACT TO HAVE A CONVERSION STRIKE PRICE MINIUM IS AT .0261 FOR A $52K NOTE WITH 1 YR RESTRICTION TO EVEN HAVING THE OPTION TO CONVERT IS AN INVESTMENT GRADE DEAL. 99.9% OF CONVERTIBLE DEBT ON THE OTC CAN BE CONVERTED AT ANY TIME AT MICRO FRACTIONS OF A PENNY LIKE .000005 ETC....THS IS .0261 MINIMUM THE VERY LEAST, IF THE NOTE HOLDER DECIDES TO EVEN SELL 1YR OUT FROM NOW....THIS IS A FACT, THE SHARES ARE RESTRICTED FOR 1YR...EVEN IF THE PRICE HIT .10+ ...THE INVESTOR CANNOT SELL TILL 1YR. FROM ISSUANCE MEANING SEPT. 2018.
2. READ THIS POST FOR MORE INFORMATION ON THE EXTINGUISHED PREFERRED B & NOTE. ALL FACTS AND A GREAT DEAL FOR COMMON SHAREHOLDERS....IF FACT DEAL IS LIKE A NYSE OR NASDAQ MINI DEAL...NOT A OTC DEAL.
Post # 63350
THIS IS WHY YESTERDAY'S PR WAS THE MOST IMPORTANT PR TO DATE AND WILL SET THE PATH FOR CANNANET.TV OFFICIAL LAUNCH A FEW WEEKS FROM NOW.
1- The extinguishing of the Preferred B Shares was crucial because with the 1-to 2,500,000 Million conversion it would have the potential to dilute BILLIONS OF SHARES...The market makers relied on this in the past because the company has diluted some of these preferred shares in over the last 12 months....WELL GUESS WHAT MM's THEY ARE OFF THE TABLE NOW- SO YOUR SHORT COVERING FUEL is GONE.
2- Tom is now in full control of our destiny and company and his 92M common shares. The preferred shareholder is now eliminated from the picture here which was crucial for Toms plan. The could have literally killed his efforts and common shareholders by converting literally millions of preferred B shares to bililions of common shares. That is what Tom just took care of protect his money and shareholders. Tom owns NO other shares other than common shares here. Common shareholders need to realize how important and strategically imperative of a move this was. Also, all notes and shares are restricted shares meaning the cannot be sold for at least 1 year and subject to rule 144.
3-Tom has made this move to protect the huge prospect of growth for CannaNet.Tv and other TBA businesses under INMG and the worldwide launch for common shareholders... And remember he owns a 92M shares. Tom has cleared the PATH now for real investors and to come in without the FEAR of being diluted to the hills and has SET the PATH ADDITIONALLY for UPLISTING TO HIGHER MARKETS TRADING.
4- The note is is RESTRICTED SHARE DEAL(*See Below)...see below. These shares at .0261 stike price CANNOT be converted if the holder choosed to do SO FOR A MINIIMIUM of 1 YEAR and subject Rule 144. ..
INNOVATIV MEDIA (INMG) REDEEMS SERIES B PREFERRED SHARES
LOS ANGELES, CA October 11, 2017 (InvestorsHub NewsWire), Innovativ Media Group, Inc. (OTCPK:INMG) ("Company"), a multi-media content producer and distributor, today announced that it has redeemed all of the Series B Preferred Stock held by an original Company investor in exchange for a Promissory Note for $110,000. The Company also reported that it had secured an investment from a private equity source for $52,000 in the form of a 6% Note, which is convertible into restricted shares of the Company's common stock at a fixed conversion price of $.0261 per share. The Company has no other debt on its balance sheet and has no obligation to register any of the shares.
Tom Coleman, CEO of Innovativ Media said: "The Company decided it was an appropriate time to exercise the option it had under a lock-up agreement to redeem the shares and remove any uncertainty regarding long term dilution. We are committed to scaling CannaNet.TV www.cannanet.tv/ rapidly and the funds provided by the Note will help us accelerate growth and capitalize on some developing opportunities".
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135335937
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