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$CMGO racketeering lawsuit involving NBC had settlement conference moved up to 5/31. Punitive claims are $200Mil.
Basically some of the old management resigned from CMG back in 2009 and approached all the clients fraudulently claiming CMG changed the name so they could siphon off the business which included multiple deals and fraudulently diverted a several million dollar payment owed to CMG from NBCU (nbc news parent company). NBC denies responsibility but still doing business with plaintiffs so may assume liability.
"Based on CMG’s allegations, this case may present a rare occasion where punitive damages may potentially be justified." - Judge Oetken
https://docs.justia.com/cases/federal/district-courts/new-york/nysdce/1:2015cv05814/445249/42
After that R/S I'm on the fence with it.
$RNVA private placement news WEST PALM BEACH, FL -- (Marketwired) -- 03/05/18 -- Rennova Health, Inc. (OTCQB: RNVA) (OTCQB: RNVAW), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers, that opened its first rural hospital in Oneida, Tenn. in August 2017, announced today that it has entered into an additional issuance agreement (the "Agreement") with certain existing institutional investors of the Company. Pursuant to the Agreement, the Company has agreed to issue a further $2,480,000 aggregate principal amount of the September 1, 2017 Senior Secured Original Issue Discount Convertible Debentures due September 19, 2019. Gross proceeds from the Agreement are expected to be $2,000,000. The closing of the offering is expected to occur on or before March 5, 2018 and is subject to, among other things, receiving certain consents and other customary closing conditions.
Haha thank you I liked it too but I thought it was time for a change
I happened to like StockWhale....LOL But change is always good!!
Weeeeeeeeeee!!!!
Weeeeeeeeeeeeeeer
Start calling you rocketman. Trump phrase
New iHub name changed from StockWhale to RocketInFlight
$RNVA 0088 shorts about to lose they're ass if noteholders arent willing to lose money covering them. heres why: rnva par value .01
The par value mandate creates a subsequent legal liability that the shareholders of this stock contribute, at a minimum, this face value of the stock in order to fund the company. If the shareholders don't do so and the corporation requires the funds, these shareholders would be liable for the difference between the actual issue price and the face value, if the issue price is less than the face value, essentially “under par.”
roughly 40m+ short under 01 in the last few days, noteholders arent in the business of losing 30-40% on theyre investment. you do the math
$RNVA bottom in ? 011
Woahhhh nice find Secret Society unite!!!
just say the word General. $SSOF cold hard numbers.. cleaning the books! expecting audits filed early February in preparation for registration statement..
As of September 2017:
475m outstanding, 500m authorized
$6.5m shareholder equity
$477 total liabilities, of which $399 convertible debt agreed to suspend convertibility for cash repayments of $56k per quarter. This convertible debt orginated in transactions before the 66 Oil Reverse Merger.
https://www.sixtysixoilfield.com/pdf/PR%2017%2008-07.pdf
https://www.otcmarkets.com/stock/SSOF/profile
#CO2 #Emissions $GEVO #Fuels #CleanEnergy #Power
IFAN you and MM did it big here before, 739m OS break 0005 runs it, bitcoin related micro
(INMG) Innovativ Media Group - World Wide Launch of CANNANET.TV
Market Value $3,098,971 a/o Nov 17, 2017
Authorized Shares 500,000,000 a/o Jun 28, 2017
Outstanding Shares 281,724,670 a/o Nov 10, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 172,611,602 a/o Nov 10, 2017
https://www.otcmarkets.com/stock/INMG/profile
INMG from the latest Quarterly: (Q3)
Total Assets: $2,700,000
Total Current Liabilities: $90,000
Q3 Revenue: $58,000
Total Operating Expenses: $70,000
Net Loss for the Q3: $12,000
C.E.O. TOM COLEMAN OWNS 92 MILLION SHARES - See link Page 6
https://www.otcmarkets.com/financialReportViewer?symbol=INMG&id=182194
LOS ANGELES, CA--(Marketwired - Nov 28, 2017) - Innovativ Media Group, Inc. (OTC PINK: INMG) ("Company") today announced that CannaNet.TV http://www.cannanet.tv/, its online, ad supported channel, streaming entertainment, informational and educational content related to the cannabis and CBD culture and industry, will be 'live' as of 8:30 am EST this morning.
The platform will launch with an eclectic, on-demand mix of movies, videos and music titles, the CannaNet Radio Network, the Cannabis 101 Talk 'potcast,' a selection of cannabis related apps and a wide assortment of news, tutorials, videos and other features in its 'World Wide Weed' section. CannaNet.TV http://www.cannanet.tv/ offers a state of the art video and display ad serving platform powered by Admaximizer. This feature rich, single tag solution consists of a RTB (real-time bidding), fully mobile compatible ad network with hundreds of local, national and international brands.
Tom Coleman, CEO of Innovativ Media, said: "We have built a sophisticated platform and are pleased to now make it available to the community and public. We expect to be continually on boarding new, relevant content to the channel and we will be collecting and analyzing user data in the coming weeks to help us customize and enhance audience experience."
http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Launches-CannaNet-TV?id=176425&b=y
Innovativ Media (INMG) Redeems Series B Preferred Shares
LOS ANGELES, CA--(Marketwired - Oct 11, 2017) - Innovativ Media Group, Inc. (OTC PINK: 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 http://www.cannanet.tv/ rapidly and the funds provided by the Note will help us accelerate growth and capitalize on some developing opportunities."
http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Redeems-Series-B-Preferred-Shares?id=172123&b=y
The PREFERRED B SERIES shares he used on October 18, 2017 were for 25 million shares. The 10 Preferred B shares that were exercised at market caused the dip (10 SERIES B x 2.5 million = 25 million shares).
THAT CANNOT HAPPEN AGAIN BECAUSE THEY ARE NO LONGER AVAILABLE. THEY WERE EXTINGUISHED AS PER PRESS RELEASE DATED OCTOBER 11, 2017.
http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Redeems-Series-B-Preferred-Shares?id=172123&b=y
This has been the dilution component for the owner of those shares since the inception of the ticker.
HE CUT A DEAL with a lender for a restricted note that CANNOT be exercised for 1 year, and it has a strike price of $0.0261. This was done to protect the future prospects of growth for the company, and to protect the shareholders and HIMSELF.
TOM COLEMAN OWNS 92 MILLION COMMON SHARES.
The first potential round of dilution would be June 25th, 2018. That's exactly one year from when the restricted shares used to purchase a minority stake in Night Flight were issued. From the PR:
The Company’s equity interest in Night Flight, Inc. was purchased with a combination of cash and through the issuance of restricted common shares of the Company’s stock and was completed on June 25, 2017.
BECAUSE OF RULE 144, THE NOTE HOLDER CANNOT SELL THEM UNTIL OCTOBER 2018, THEREFORE, WE WILL REMAIN WITH A FLOAT OF 172,611,602 SHARES UNTIL JUNE 25, 2018 AT THE EARLIEST!!!
https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html
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(INMG) ***A FEW FACTS TO KEEP IN MIND***
1. INMG is almost PROFITABLE ALREADY....There was only a $12,000 loss in Q3 (Rev - Operating expenses). HOW MANY OTC COMPANIES ARE PROFITABLE? THE ANSWER: VERY FEW TO NONE!!!
2. INMG has VERY LITTLE DEBT/LIABILITIES and a small locked FLOAT until mid 2018. HOW MANY OTC companies can say that? NONE except for INMG
3. WITH THE LOW OVERHEAD TO MAINTAIN THE NETWORK (meaning most of it is outsourced), it doesn't take much money to operate it. Tom expects the CASH flow alone from advertising to cover it, and I have NO DOUBT that it will quickly. It should take no later than Q1 2018 at the latest become VERY PROFITABLE.
4. They earned $58,000 in revenues last quarter, and Cannanet.Tv wast not even up yet. It was mostly from Live Stream Sales & Lux DIgiital Library.
The Operating Expenses were only $70,000 which was mostly due to LIVE STREAM COSTS. Even then, the company was ALREADY ALMOST PROFITABLE.
There was only a $12,000 LOSS for the quarter. COMPARE THAT TO THE MJ STOCKS WITH $50-100M Market caps. They have HUGE LOSSES, and NO REVENUES.
5. The market cap of INMG is $3M which is a JOKE. It should be much higher, and IT WILL GET THERE!
A PPS of 0.40 would support a market cap of 50 Million, which would be in line with the sector.
The stock may not be worth 0.40 currently, but it's surely worth more than 0.011!!
Somebody is after me I’m currently going dark for a few weeks. Will be back shortly. To be Continued...
Looks like good things for FNMA and FMCC....did you see that?
$GEVO expected to help reduce airline industrys carbon footprint
http://www.gevo.com/our-markets/jet-fuel/ $UAL $HA $AAL $VA $LUV $SKYW $ALK
Hey Big Whale...hope you had nice Thanksgiving....latest PAOG news...seems like bottom in with lots of news in pipeline stsrting with 4 Alternative Medicine Clinics of America about to open.
Physicians Against Opiates Group
http://www.otcmarkets.com/stock/PAOG/news/PAO-Group--Inc--Takes-on-Opioid-Crisis-with-Free-Naloxon-Classes-for-the-Public--Announces-Lease-Agreement-LOIs-for-State-Approved-Medical-Cannabis-Dispensaries-alongside-Positive-3rd-Quarter-Financials?id=176043&b=y
Like I’ve been saying my personal price target for $BYOC $1.00-$3.00 $ATPT .50-$1.00 I could give a rats @$$ about the day to day trading #DealWithIt
$HTBX What Lies Ahead Heat Biologics, Inc. (HTBX) https://www.postanalyst.com/2017/09/19/what-lies-ahead-for-akebia-therapeutics-inc-akba-and-heat-biologics-inc-htbx/
$GEVO Buy rating reiterated by stock analysts at HC Wainwright. They presently have a $12.00 price target on the energy companys stock.
https://www.chaffeybreeze.com/2017/10/04/gevos-gevo-buy-rating-reiterated-at-hc-wainwright.html
$GEVO Book Value Per Share $5.11 https://finance.yahoo.com/quote/GEVO/key-statistics?p=GEVO
$GEVO SMART MONEY ACCUMULATING DOWN HERE!
$TEUFF TA update NO change from 10/19 update still 18.9mil
$TEUFF 19.9M outstanding as of 10/19/17... every dog has its day & this pos will soon ;)
Gonna be finishing preparing for the hurricane tomorrow, not sure when I'll have power again. Until I'm back, stay safe my Floridian compadres.
$MFST Breaking News MFST
MEDIFIRST SOLUTIONS ADDS A NEW MODEL TO ITS TIME MACHINE INFRARED LASER SERIES
Yup all Bitcoin plays should fly tomorrow.
Watch them move tomorrow my Friend.
Nice thank you Pete
$GRDO Expecting this to start moving up now. Penny stock season is almost here.....
Hey guys, you should look into new developments IDVC, merge with singleshotbets 7BallRun AND signed big deal with Sportradar 300m float rest in DTC, filing is coming very soon, WHOLE new company looks big going forward guys
Loading $PFWI (OTCQB) VNDM just bounced
**********$VCPS ~ A Great Opportunity For Re-Entry**********
Super Low Price Right Now & still a very relatively low O/S for a sub .001 stock. This likely will be one of my next profitable trades (short term). Alerting this here on an ultra-low opportunity entry basis before a potential move upward.
$VCPS ~ Technical Chart************
My Last trade with $VCPS below (July 26-August 1):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133478605
My Track Record Below on Subpenny Stocks:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133521756
$GRDO Is still the LT Major play but I am going to add $RMRK to that mix as well. Massive DD out today. Both should run nicely into the fall coming up.
PLSB .002 and HUGE updates piling up on Co. http://ir.pulsebeverage.com/press-releases
$PSNX record high volume 0007x0008
It's gonna be good brother $GRDO
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