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correct.see my post below & rule 144 which is on this post. what is key with this rule is the following and what the company eluded to in their email. so, if the worst case scenario happened and some preferred shares planned on being converted to commons the below scenario would have to take place- it would be year(s) and subject to several regulations and only 1% measurements of the outstanding measurement in a three month period. so os is 200m than 2m shares per 3 month period can be converted and that is not even a factor in trading inmg.
the imaginary mass dilution is just - imaginary and fear provoking. it cannot happen and wont happen. additionally, inmg has no convertible debt either and $0 liability debt on the books. hard to find anything close to these financials on any otc stock. if so, show me on.
1- restrictions and subject to affiliate rules - non reporting companies at least 1 year along holding period with other covenant restrictions before being liquidated.
2- Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html
the correct answer and only viable answer is- what are the current outstanding shares? what is the float? what is the authorized? thats all that matters when measuring the stocks current dilutionary prospects. the preferred stock series cannot be considered issued stock like common stock until that even happens and when that event takes place it is subject to rule 144 with heavy restrictions and % based on volume. now based on the projection and assumption of converting the whole series entity of preferred to common shares would be against every accounting rule and protocol because no book entry, filing, or transaction can wave a magic wand and convert all the preferred shares out to the present. practically speaking it never happens and cannot happen subject to rule 144. preferred series stock is usually included for directors and or insiders, etc voting power and for extraordinary events. additionally we have correspondence directly from inmg and it was pointed out by the company in emails(copied below) that any preferred shares come with restrictions attached to them, which is another set of rigid standards set by regulators. - interpretation one cannot just wave a magic wand and issue them.
https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html
now, here are some things that should be focused on instead of the imaginary dilution of preferred shares. i will continue to point to the current os and float which was just updated and certified. its pretty low for an otc stock. right? i mean 81m shares is nothing. right? there are stocks trading with 500m-1b floats that trade higher than inmg. and the company has virtually 0 debt as stated in their last filing and confirmed in the email below is a golden bonus. i dont know of any other stock on the otc market with no debt. right? and no convertible debt on the books is platinum bonus. again almost perhaps 95% of otc stocks have an abundance of convertible debt. right?
so, discussing this topic is not difficult. its not confusing. its simple. in parting i will leave below the current security details. this is what will affect 99.9% of the shareholders holding time of the stock not the preferred series that may be year(s) out before any are issued if ever. (subject to rule 144)
INMG Security Details
Share Structure
Market Value1 $2,935,490 a/o Apr 27, 2017
Authorized Shares 250,000,000 a/o Apr 19, 2017
Outstanding Shares 206,724,670 a/o Apr 19, 2017
Float 81,412,015 a/o Apr 19, 2017
YESTERDAY'S EMAIL RESPONSE FROM INMG
With regard to the series B stock and the accusation to dilute shares.
RESPONSE: Preferred shares are restricted and would in any event be limited to conversions subject to affiliate status rules. A far better indicator of prospective dilution is a Company’s debt and INMG has none.
With regard to the company not being a legal entity.
RESPONSE: INMG is a Washington State Company in good standing. There is a Wyoming private corporation in the same name that holds the stock of the controlling shareholder. The Company’s FS addresses all issues with respect to P&L.
With regard to the attorney supposedly lying about the uplisting.
RESPONSE: INMG filings including its annual required “Attorney Letter” is in complete compliance with all SEC and OTC rules
im a practicing attorney and had no issues comprehending them.
addrionally $0 debt. it was explained in dirtyrat's and several other posters that and preferred shares are restricted and subject to affiliate rules. preferred shares are a meaningless instrument here now and for at least a year.they may never be issued. those are the facts presented.
it was explained in several emails. i"ll believe the company and lawyers.
sure is. back over 1.00 soon.
still have my shares here. seems everything down as of late.
slow day all over. will be ok.
it will, but need ask smacking. will join in when i see it. in the meantime took a few on the bid and ask today. slow all over.
if you watch l2 carefully, without question someone is manipulating this stock to load cheaper after flipping. gee i wonder who and if thats legal? this is all done in low volume and very easy to do if you have the capital and use several accounts to trade with. and vmdm is a trader here. you saw him hit and ran. he was a top bidder all last week and when on ask ran away when hit. plus there is no convertible debt. all us longs need to use the ask if we want to add shares to our portfolio. this stock is oversold down here.
as we all seen vndm is trader in inmg. right before the initial run that loaded many shares by top bidding and scaring people. they always moved when hit with any reasonable size. there is no debt or convertibles here or dilution.
its actually comical if anyone is selling on the bid/spread at these prices in low volume. not sure if its mms trading back and forth attempting to cover or just pure liquidation of whatever a clown(s) has for agenda purposes. but i will continue to bid. fill me. i have the utter most confidence in inmg rising sharply very soon and the ridiculously oversold techs and chart will lead the way. the problem is atm now ask slapping and low volume manipulation. good day.
well done dirty rat. thanks for the company email posted. yes and the series b preferred used as fear was just that. holds no water whatsoever. it actually was kind of laughable for that to be used as a tool to covert out all the common with out restrictions and affiliate terms which we know are at least 1 year out and small percentages. i trade a lot of nyse and naz stocks and they all have preferred shares that are prototypically used for voting rights and acquisitions to increase shareholder value. they are a none issue for all of us here. how many will be holding after a year or so at these levels. some maybe, but i think most are looking for .25+ and from these levels would be a fortune indeed. so dont fear the fear, the question was answered by the company directly in the email you provided. whats even better is inmg has no debt. huge.
Dirty Rat Friday, 04/28/17 07:15:59 AM
Re: None
Post # of 42919
YESTERDAY'S EMAIL RESPONSE FROM INMG
With regard to the series B stock and the accusation to dilute shares.
RESPONSE: Preferred shares are restricted and would in any event be limited to conversions subject to affiliate status rules. A far better indicator of prospective dilution is a Company’s debt and INMG has none.
With regard to the company not being a legal entity.
RESPONSE: INMG is a Washington State Company in good standing. There is a Wyoming private corporation in the same name that holds the stock of the controlling shareholder. The Company’s FS addresses all issues with respect to P&L.
With regard to the attorney supposedly lying about the uplisting.
RESPONSE: INMG filings including its annual required “Attorney Letter” is in complete compliance with all SEC and OTC rules
With regard to NOTE 3: UNAMORTIZED FILM COSTS AND SPORTS BUSINESSES WRITE DOWN
RESPONSE: The above is a fairly typical accountant's note regarding amortization which in this case refers to a large content library the Company acquired and is required to write down periodically. Have no idea why they think this is in anyway a negative – it shows proper accounting and a strong balance sheet.
INMG Security Details
Share Structure
Market Value1 $3,038,853 a/o Apr 26, 2017
Authorized Shares 250,000,000 a/o Apr 19, 2017
Outstanding Shares 206,724,670 a/o Apr 19, 2017
Float 81,412,015 a/o Apr 19, 2017
LOS ANGELES, CA -- March 9, 2017 -- InvestorsHub NewsWire -- Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced record results for its fiscal year ended December 31, 2016. Company revenues increased over 88% from $98,792 to $185,995 and EBITDA increased by over 2200% from $1,880 to $43,552, the highest in Company history. The Company has posted 6 Quarters of successive earnings since acquiring the Innovativ Media entertainment assets in mid-2015.
“The INMG media assets provide the Company with a stable and reliable base from which we intend to build upon in the coming months with several new projects we have been developing” said Company CEO Tom Coleman.
INNOVATIV MEDIA GROUP (INMG) ACQUIRES CANNANET.TV
LOS ANGELES, CA -- April 12, 2017 -- InvestorsHub NewsWire -- Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced it has acquired the media assets of Canna TV OÜ and will be launching a new online, ad supported platform and channel CannaNet.TV cannanet.tv/ which will stream curated and original entertainment, informational and educational video content related to the Cannabis and CBD culture and industries.
CannaNet.TV cannanet.tv/ will program a broad mix of live action and animated series, news shows, specials, music videos and tutorials on an independent platform and expects to eventually offer interactive and ecommerce applications.“Successful new video networks require large, organized communities and clearly defined audiences and we believe the burgeoning Cannabis space will enthusiastically respond to and support a professionally programmed and managed channel” said Company CEO Tom Coleman. Coleman continued “When these assets became available we moved fast as they will give us a foundation to jump start and develop the network. We expect the platform will be an attractive advertising medium for a wide range of Cannabis and CBD related businesses, products and services looking to target customers, which to date, have had limited online advertising options”.
-well my thoughts are there will be plenty of excitement, buzz, news converge, media coverage, events, festivals, etc that will attract a lot of investors and cannabis users both rec, medical, industry that will want to invest in inmg well before the launch. so in my mind inmg is a play for the the now because usually on the otc the noise and action is always louder prior to than after the fact. the pr that they are attending the maryjane festival is berlin is a huge deal. there will be 1000's of potential investors alone not to mention industry businesses that will want exposure for their products or services on the channel. im sure there will be plenty more events and festivals they will be attending. great marketing for investors and for the channels success. and remember this is a worldwide launch and many of these countries like german or euro countries do trade usa stocks. this is a ground floor opportunity for possibly the next HGTV, SCI-FI, FX, LOGO, HISTORY type channels. no brainer for me. and remember we have ceo that is very well connected in the media industry, probably more than anyone.
https://en.wikipedia.org/wiki/Tom_Coleman
INNOVATIV MEDIA (INMG) TO LAUNCH CANNANET.TV IN EUROPE
Cannabis related entertainment and informational channel to also debut on German and European platforms later this year
LOS ANGELES, CA – April 27, 2017 – InvestorsHub NewsWire -- Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced that it will also be launching its new online, ad supported platform and channel CannaNet.TV http://www.cannanet.tv/ in Europe via http://www.cannanet.eu and will offer a German language version at http://www.cannanet.de . The channels will stream curated and original entertainment, informational and educational video content related to the Cannabis and CBD culture and industries featuring customized programming for the European and German markets. The Company will be represented at the Mary Jane Conference in Berlin, Germany this June http://maryjane-berlin.com/ .
“Outside the US the Cannabis industry is growing at an even more rapid pace in less regulated environments so establishing CannaNet as a worldwide brand is a prime objective. We especially see near term opportunities in the Germany” said Company CEO, Tom Coleman.
Both CannaNet Europe and CannaNet DEUTSCH are scheduled to be first available in the 4th Quarter 2017.
About Innovativ Media Group, Inc.
Innovativ Media Group (Innovativ) is a developer, producer and distributor of digital entertainment and other multi-media content which is developing the CannaNet Channels. It distributes the motion picture assets of Lux Digital Pictures and, via New Broadway Cinema, develops adaptations of stage shows utilizing its trademarked DigiTheater™ Virtual Reality process. Innovativ also operates The Alien
Interview Channel on YouTube in partnership with Fullscreen, the online channel HPLovecraft.TV and is a principal in the Film Finance Exchange. http://innovativmedia.com
i have correspondence with editors @ ownthefloat from prior blogs on owc*. so i will request a followup to the article written on inmg with the recent news, filings, and emails that have been posted. by the way just noticed inmg twitter has account. they have 86k followers. https://twitter.com/innovativmedia
very nice mulagreen. word is getting out on all the news stations. ground floor opportunity here that will imo be huge very soon. the ceo is well connected. atlantic entertainment group was huge. https://en.wikipedia.org/wiki/Tom_Coleman
today is clearing out the rest of the daytraders caught with little foresight and sunnys group. inmg is a no brainer at these levels.
if you add up the volume vs. the float and see where it traded over the last week or so and at what levels, mostly between .019-.026 this is going to make a major shift north soon. very soon. atm being held down by mm as they cover and some traders not knowing better or just impatient. all low volume loading & covering games atm. #read the inmg news.
current dd 42737. post tom coleman ceo taking over inmg.
imo the last of the groups frees shares on inmg. grabbed 225k today alone. they are doing their best to keep it down. wont work. volume 4.3m
agreed anything under .02 is charity and anything under .05 will be very cheap in the very near future.
here come .02s. sonny boy done selling their freebies and filling charity. glad i picked some more inmg this am.
excellent post dirtyrat. straight from the company. thank you for bringing that to the board as factual information from the source we all need to hear from. that what counts. nothing else.
series b are restricted- posted yesterday by email from company and stay current.
there are no diluters on l2.
StockRocket Member Level Wednesday, 04/26/17 09:43:18 AM
Re: StockRocket post# 42423
Post # of 42774
DIRECTLY FROM THE COMPANY: END OF STORY ON THE PREFERRED: " The Company is a ‘Washington’ State Company not Wyoming – a Wyoming Company just holds some insider shares. The Attorney Letter is accurate in identifying it as Washington State entity and any Preferred shares that were to be issued would be restricted."
EMAIL FROM COMPANY JUST RECEIVED:
Innovativ Info
8:56 PM (12 hours ago)
to me
XXXXXXXXXXXX,
The Company does not participate in any chat boards as they tend to be irrational such as the posts you have shared. We can say the following however: The Company is a ‘Washington’ State Company not Wyoming – a Wyoming Company just holds some insider shares. The Attorney Letter is accurate in identifying it as Washington State entity and any Preferred shares that were to be issued would be restricted.
From: XXXXXXXXXXXX
Sent: Tuesday, April 25, 2017 4:51 PM
To: Innovativ Info
Subject: QUESTIONS...THERE is a SERIOUS PROBLEM with a this POSTER ATTACKING YOUR COMPANY
took out 17s. this traders selling either the group freebies from prior trading days or just noobs. know what you own.
gap is filled. moves on air. no diluters and get rid of these last few blocks we shoot over .02 fast and resume the real run. on only 1.4m vol up 20%
opening gap filling. have bids in. once filled it will rip up.
clearly this is the companies main focus. ground floor opportunity to own a the first cannabis culture & industry channel worldwide. the ceo has all the right connections. i see this being like the next HGTV or SCI-FI channel world wide. the revenue streams here are going to be huge. https://en.wikipedia.org/wiki/Tom_Coleman
Tom Coleman, also credited as Thomas J. Coleman and T. Joseph Coleman, founded the Atlantic Entertainment Group,[1][2] private independent film and television company, in 1975[3] and served as its president.[4] He became chairman and CEO of Prism Entertainment when the company merged with Atlantic in 1988.[5][6] Coleman was chairman of Independent Entertainment Group.[2] Rocket Pictures, an indie production company, was founded by Coleman in 1992. He is an Executive member of the Academy of Motion Picture Arts and Sciences, and an industry consultant for the Zurich Consulting Group based in Switzerland. In July 2001, he became CEO, President and director of Sun Network Group.[7] Coleman is the Lead Producer of the musical “ModRock.”[1] Under his nom de plume, Hagan Thomas-Jones, Coleman is a member of the Dramatists Guild.[8] Tom is currently CEO of Innovativ Media Group, a developer, producer and distributor of multi-media content. It has acquired many of the assets of Lux Digital Pictures including a library of feature motion pictures and, via New Broadway Cinema, produces adaptations of stage shows utilizing its trademarked DigiTheater™ virtual reality process. Innovativ also operates The Alien Channel on YouTube, in partnership with FullScreen, Inc., is developing the new web series Just Smart People, the customized movie title search destination VOD Movie Guide and is a principal in the Film Finance Exchange.
Partial filmography Film- Year Role
The Day the Music Died (Documentary) 1977 Producer
Madame Rosa(drama) 1978 Executive Producer
Valley Girl 1983 Executive Producer
Alphabet City 1984 Executive Producer
Night of the Comet 1984 Executive Producer
Teen Wolf 1985 Executive Producer
Roadhouse 66 1985 Executive Producer
Starchaser: The Legend of Orin 1985 Executive Producer
Nomads 1986 Executive Producer
The Adventures of the American Rabbit 1986 Executive Producer
Extremities 1986 Executive Producer
The Men’s Club 1986 Executive Producer
Modern Girls 1986 Executive Producer
Nutcracker: The Motion Picture 1986 Executive Producer
Wild Thing 1987 Executive Producer
Steele Justice 1987 Executive Producer
Summer Heat 1987 Executive Producer
The Garbage Pail Kids Movie 1987 Executive Producer
Teen Wolf Too 1987 Executive Producer
Cop 1988 Executive Producer
Patty Hearst 1988 Executive Producer
1969 1988 Executive Producer
It Came from the Sky 1999 Executive Producer
"The Company will be represented at the Mary Jane Conference in Berlin, Germany this June http://maryjane-berlin.com/ .“Outside the US the Cannabis industry is growing at an even more rapid pace in less regulated environments so establishing CannaNet as a worldwide brand is a prime objective. We especially see near term opportunities in the Germany” said Company CEO, Tom Coleman. Both CannaNet Europe and CannaNet DEUTSCH are scheduled to be first available in the 4th Quarter 2017.
INNOVATIV MEDIA (INMG) TO LAUNCH CANNANET.TV IN EUROPE
Cannabis related entertainment and informational channel to also debut on German and European platforms later this year
LOS ANGELES, CA – April 27, 2017 – (Access Wire), Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced that it will also be launching its new online, ad supported platform and channel CannaNet.TV http://www.cannanet.tv/ in Europe via http://www.cannanet.eu and will offer a German language version at http://www.cannanet.de . The channels will stream curated and original entertainment, informational and educational video content related to the Cannabis and CBD culture and industries featuring customized programming for the European and German markets. The Company will be represented at the Mary Jane Conference in Berlin, Germany this June maryjane-berlin.com/ .
“Outside the US the Cannabis industry is growing at an even more rapid pace in less regulated environments so establishing CannaNet as a worldwide brand is a prime objective. We especially see near term opportunities in the Germany” said Company CEO, Tom Coleman.
Both CannaNet Europe and CannaNet DEUTSCH are scheduled to be first available in the 4th Quarter 2017.
that is the post of the day and undoubtedly correct. member mark for you on that post. the interest level or noise is very high here inmg. inmg is all about the present and future. the past is just that. new ceo, new ss, new launch of cannabis channel.
totally agree with this. since tom took over inmg the company has improved drastically.
nice day right direction. thanks
why do you bring up old tickers prior to tom coleman taking over as ceo? all meaningless substance and nothing to do with the current company.
ibought some of your shares.we all know this oversold chart is going to turns round very soon. the absence of any convertible debt and little debt in total $17k earning $186K revs with no dilution and launching a cannabis chamnel worldwide is going to be a big deal. the ESPN of cannabis culture and industry with a ceo that is a well connected. news and or filings coming very soon. the chase will be on then for sure.
we are stagnant. hopefully things improve.
like I said before, I expect some sort of news or filing very soon. the company does not want this to dip from these levels for upllisting purposes. the pps will triple the day of updates when shares come in high demand. newer higher bases will develop. #on news filings watch
0 convertible debt and really 0 debt at all and earning significant revenue atm with a mini ss and no dilution along with starting a cannabis media channel. well been stealing shares all day here. in otc land a rare find indeed. keep the fills coming :)
also just 1 pr or filing coming on updates on cannabis channel or uplisting this will triple the same day and build higher and newer bases in in double digit. oh, and im quite sure its coming they already started the process on that front and with this momentum to uplist the price is important so im also quite sure we will get news on cannabis channel and other projects as stated from previous prs.
from sticky post:
1- NO CONVERTIBLE DEBT (*THAT ALONE IS HUGE 95% OF OTC STOCKS BURDENED WITH THIS)
2- $12K TOTAL DEBT (*ALSO VERY LOW DEBT...UNHEARD OF ON OTC OR ANY MARKET)
3- EARNING ALMOST $200K REVS (GROWING REVS LAST 6 QTRS SINCE NEW CEO)
4- PROFITABLE PRIOR TO AMORTIZATION ON FILM LIBRARY CHARGE.
5- WELL CONNECTED CEO TO HOLLYWOOD (EXEC. PRODUCER OF MANY BLOCKBUSTER MOVIES lIKE TEEN WOLF, VALLEY GIRL, ETC)
6- CREATING CANNABIS CULTURE & INDUSTRY CHANNEL & PLATFORM FOR MULTIPLE REV STREAMS
7- UPDATED SS APRIL 19TH 81M FLOAT (TRANSPARENT)
8- CEO OWNS 92M RESTRICTED SHARES OR ABOUT HALF THE OS
9- Almost $3M in ASSETS and hardly any LIABILITIES
10- More than the CANNABIS CHANNEL that is coming in a few months...that launch is going to be huge..but in the meantime see PR below prior to last.
Revenues increase over 88% and EBITDA over 2200%
LOS ANGELES, CA -- March 9, 2017 -- InvestorsHub NewsWire -- Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced record results for its fiscal year ended December 31, 2016. Company revenues increased over 88% from $98,792 to $185,995 and EBITDA increased by over 2200% from $1,880 to $43,552, the highest in Company history. The Company has posted 6 Quarters of successive earnings since acquiring the Innovativ Media entertainment assets in mid-2015.
“The INMG media assets provide the Company with a stable and reliable base from which we intend to build upon in the coming months with several new projects we have been developing” said Company CEO Tom Coleman.
About Innovativ Media Group, Inc.
Innovativ Media Group (Innovativ) is a developer, producer and distributor of digital entertainment and other multi-media content. It distributes the motion picture assets of Lux Digital Pictures and, via New Broadway Cinema, develops adaptations of stage shows utilizing its trademarked DigiTheaterTM Virtual Reality process. Innovativ also operates The Alien Interview Channel on YouTube, the online channel HPLovecraft.TV and is a principal in the Film Finance Exchange. http://innovativmedia.com
THERE IS NO STOCK I KNOW OF ON THE OTC THAT HAS ALL THESE INGREDIENTS AT THESE PRICES..
so. who cares. what does that have to do with the company. there loss and my gain or ours so to speak. its been said here many times this is a true treasure on the otc with all the necessary catalysts to run hard. when the finish there selling which will be soon this will easily go back to .03 and build from there now that shares are in much higher priced hands with the mini float.