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Would Fed MJ legalization be good for INMG? Does that not mean those MJ companies have easier access to banking and the importance of KUSH would be reduced when that comes?
That is $43,000 increase and assuming 70% of that come in the month of December. We are looking at $30,000 increase due to Cannanet. I would say it is safe to assume this year, we could see half a mill revenue.
INMG BIG REVENUES YET TO COME READ THIS. If you examine INMG filings you will see the company is earned $228,945 in revenue for 2017 up from $185,955 in 2016. *What’s important to note is most of the increase came in Q4 2017 with the Launch of Cannanet.tv on Nov. 28th, 2017 (The filings ONLY reflect about 1 Months of revenue in December 2017.)
Lol. Thats 75% hair cut.
Your truth is not my truth.
As GW said, INMG is couple hundred percents higher than the price 52 weeks ago. —> FACT!!!
Some lucky bastard managed to get 0.006 lol
I may be too naive. But I do not believe MM is manipulating these. We just lack interest from most people. We do not get enough attention. Tempted to buy - but all my buy prices are higher than this. some are in the 0.02...so I am gonna wait a bit
Volume traded 28,888 per Ihub
Must be some chinese omen
Not that I am an expert lol
Chart wise..I think its a solid day
Closing the gap is good imho
22.3 mill.
Mar 23, 2018 0.0098 0.0099 0.0084 0.0096 0.0096 7,984,774
Mar 22, 2018 0.0098 0.0099 0.0090 0.0098 0.0098 1,858,963
Mar 21, 2018 0.0083 0.0114 0.0083 0.0089 0.0089 10,017,360
Mar 20, 2018 0.0075 0.0079 0.0073 0.0077 0.0077 1,532,843
Mar 19, 2018 0.0074 0.0080 0.0074 0.0075 0.0075 951,13
I was wrong about you lol
That 6M buy this am was very interesting...things could be happening behind the scenes we don't know about.
My bad 400K on the bid lol
4 mill on the bid
200K on the ask.
Am I reading this correctly? on TDAmeritrade...63 Mill on the ASK??
Bid
0.0095
Ask
0.0099
B/A Size
3000000x63377400
Not an expert on charting. What in the chart leads you to conclusion that we are about to run? Thx
Whats your 12 mths target price
On this one
CEO expects STRONG FINANCIAL PERFORMANCE in 2018....For Tom to say that who is UTRA CONSERVATIVE and DOES NOT PUMP his company is a STATEMENT in confidence to what is going on and his negotiations. [/b
INNOVATIV MEDIA (INMG) RELEASES YEAR END FINANCIAL RESULTS
Company posts 4th Quarter Earnings as Revenue and Assets Grow
LOS ANGELES, CA – March 12, 2018 – (New Media Wire), Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”) today released its year-end Financial Statements for 2017. Company revenues for the year grew by approximately 19%, EBITDA in the 4th Quarter was $13,013 and total assets increased by $158,330.The Company’s revenue during the year continued to be driven primarily by content licensing as its new platforms did not launch until late in the year(Nov.28th) and are not expected to have material impact until 2018.
Tom Coleman, CEO of Innovativ Media said: “2017 was a year of significant developments for Innovativ Media with several asset acquisitions, the launch of CannaNet.TV www.cannanet.tv and http://www.localcannabisdispensary.com along with the 1st Quarter 2018 agreement to provide merchant banking services to the cannabis industry via Kush Processing http://www,kushprocessing.com . The Company has committed to focusing strategies on the burgeoning cannabis industry sector and we expect these investments will measurably and positively contribute to a strong financial performance in 2018”
CannaNet.TV www.cannanet.tv, which launched on November 28, 2017, is an online, ad supported channel, streaming entertainment, informational and educational content related to the cannabis culture and industry and which also owns and operates http://localcannabisdispensary.com and http://kushprocessing.com
Ready. Bought more at 0.096 yesterday lol
Just came across this stock thru this website. Anyone could chime in on the anticipated revenue from the website?
http://ownthefloat.com/index.php/2017/12/25/uamm-ready-to-roll-in-the-marijuana-sector/
CS, whats your price target/ exit strategy on this?
INMG- HUGE REV. POTENTIAL- READ. 3- Acquired- KushProcessing.com- From About US page:
Based in the beautiful state of California, Kush Processing specializes in Cannabis, CBD, Hemp, Edibles, THC, and similar high-risk industries. If other credit card processors have turned your business down, you are in the right spot. We specialize in a long-term strategy to provide stable processing to high-risk, medium-risk, or low-risk businesses. We also offer additional services to provide a complete processing solution.
Lets take a look at the revenue possibilities from Kush Processing. According to the Statistics Portal on Medical Cannabis the average dispensary does about $3M dollars a year in revenue. See link below.
Typical revenue, expenses and startup costs for medical marijuana dispensaries in the U.S. as of 2017 (in U.S. dollars) https://www.statista.com/statistics/784483/revenue-expenses-and-startup-costs-for-medical-marijuana-dispensaries/
Let’s just say for example purposes they signed up only 25 legal dispensaries of the over 500 already singed up on LocalCannabisDispensary.com with a transaction/processing fee of only 1%. $3M x .01% = $30,000 a year Kush Processing will earn per dispensary.. Now, times that by 25 legal dispensaries = $750,000 per year if they signed up 25 legal dispensaries. The bottom line is KUSH PROCESSING has the potential to be a huge revenue generator for INMG.
Highlights from PR on Jan. 24, 2018
Kush Prossing shall offer credit and debit card processing along with various other merchant processing services which the Company and INMG will market through CannaNet.TV http://www.cannanet.tv and Local Cannabis Dispensary
http://www.localcannabisdispensary.com.
One of the biggest challenges that has faced the rapidly scaling legal cannabis industry has been that many have been forced to exclusively operate as high risk, cash only businesses due to strict US Federal banking regulations. The Company, through established strategic partnerships, alliances within the credit card processing sector utilizing banks that recognize the significant opportunity, has developed a unique merchant banking solution that it will now begin offering to qualified businesses. ‘Kush Processing’s management team brings together over 15 years of experience in the merchant processing industry. With over 500 dispensaries already listed in Local Cannabis Dispensary, the projected growth of new dispensaries and stores, and the ability to advertise and market on the CannaNet.TV and LocalCannabisDispensary.com platforms, we anticipate significant near-term demand for the service. The Cannabis industry has long required merchant solutions to increase sales, efficiency, safety and security and we believe we are uniquely positioned to provide these solutions which will bring enhanced value and benefit to the legal cannabis community.”
Innovativ Media Group CEO Tom Coleman added: “We are very pleased to now be able to offer this vital service to our CannaNet.TV and LocalCannabisDispensary.Com communities. In addition to securing cannabis friendly credit card processing Kush will be able to provide our growing network of dispensaries and stores with a range of operational solutions including delivery, storefront, ecommerce and other accessories which will help position the industry more into the economic mainstream. Kush plans to expand the products and services it offers for the Cannabis industry over the next few Quarters and is also researching crypto currency processing and payment options for customers.”
So, WHY IS INMG TRADING UNDER .01 & Not At Higher Levels Where it Should be? Here is why.
In the OTC, volume is KING! Over the last several months, volume in INMG has been extremely light, as many traders or shareholders have sold out in this low volume dragging the price down unnecessarily. The impatience levels on the OTC are very high among traders as the see other stocks take off and they simply don’t want to miss the potential ride up in those other tickers. Well that is exactly what has happened with INMG the last few months with many traders and shareholders selling at a loss to chase the “stock flavor of the day or week- THAT’S HOW THE OTC WORKS.” The bottom line is INMG has grown to now having multiple producing revenue streams compared to what it had back in September when the price hit .044, and that was when the last of the Preferred B Shares where diluted before being extinguished by the CEO. Now with the Preferred B Shares being removed, there has been NO DILUTION in INMG since the late September/October time frame. Go back and look at OTC markets for updated share structure. You will see this is factual, that there has been no increase in the numbers since then. All the deals the CEO is putting together are for restricted shares subject to rule 144, that don’t have any chance of hitting the market to the back half of 2018, if at all. That is why I’m calling this an unwarranted drop in price for INMG, when every single criterion you measure a stock by has been favorable except one- VOLUME, and volume is KING on the OTC.
*Here is my 10-point criteria checklist. I would be willing to bet that INMG has one of the most POSITIVE and FAVORABLE criteria to support a run, and has the potential revenue growth to support and sustain much higher price levels than these current prices vs. any stock on the OTC. In fact, I will compare it to few cannabis sector runners below to show you exactly what I am talking about why INMG is at a price level that is totally unwarranted.
(1-Small Float and OS, 2-No Dilution, 3-No insider selling, 4-No toxic debt, 5-Increasing revenues that will be up significantly starting in Q 1 2018, 6-Increased stock holder equity, 7-several acquisitions in cannabis space that have large potential revenue streams, 8-increased assets and cash on hand, 9-little debt and liabilities, 10-the first media network/cannabis conglomerate that I know of on the OTC.)
Lets compare some of the INMG criteria I have laid out vs. some sector runners. I key thing to note here is that the CEO of INMG does not utilize any stock promotional services or newsletters. I have not been able to find any and I believe that is a good thing. Yes, you might get the increased volume and hype from these services, but you can be almost certain they will drop back down because these services are hired for when these companies are diluting shares. I have always believed that an organic stock run is the best run and the sustainability in the price has a much higher chance of being attained by the merits by the company’s actions within the criteria I’ve discussed above. Lets look at the following stocks: AMFE, LVVV, POTN, NXTTF, SGMD, PNTV. I encourage all of you to look at these stocks share structures and filings. All of these have stocks below have either a much higher FLOAT, OS, AS, DEBT, LIABILITIES, CURRENT DILUTION, & ARE MUCH FOR FURTHER AWAY FROM THE PROFITABILITY THRESHOLD VS. INMG, but yet trade HIGHER. WHY IS THIS?
In a word, it’s UNWARRANTED.
Definition:
not justified or authorized.
“I am sure your fears are unwarranted”
synonyms: unjustified, uncalled for, unnecessary, unreasonable, unjust, groundless, excessive, gratuitous, immoderate, disproportionate, undue, unconscionable, unjustifiable, indefensible, inexcusable.
Additionally, it’s due to the lack of volume, and nothing else. It’s certainly NOT the company’s achievements I have outlined or the company’s transparency. The CEO puts out material based news about once a month, and updates otcmarkets.com around the same time.
AMFE is currently trading at .15 cents
AMFE SECURITY DETAILS- Share Structure
Market Cap- $68,053,949 03/19/2018
Authorized Shares 600,000,000 01/19/2018
Outstanding Shares 479,253,160 01/19/2018
Float 303,158,992 01/19/2018
NXTTF currently trades around $1.75
NXTTF Security Details – Share Structure
Market Cap 411,599,774 03/19/2018
Authorized Shares 233,863,508 12/18/2017
Outstanding Shares 233,863,508 12/18/2017
Float 233,863,508 12/18/2017
POTN is currently trading around .35 cents.
POTN SECURITY DETAILS- Share Structure
Market Cap $93,122,567 03/19/2018
Authorized Shares 1,000,000,000 09/30/2017
Outstanding Shares 269,920,485 11/28/2017
Float 269,920,485 11/28/2017
LVVV is currently trading around .05 cents.
LVVV SECURITY DETAILS- Share Structure
Market Cap- $28,175,612 03/19/2018
Authorized Shares 1,489,000,0000 03/12/2018
Outstanding Shares 720,603,8760 03/12/2018
Float 477,383,7260 6/23/2017 (*note even updated)
PNTV is currently trading around .07 cents.
PNTV SECURITY DETAILS- Share Structure
Market Cap $40,589,059 03/19/2018
Authorized Shares 1,200,000,000 03/15/2018
Outstanding Shares 588,247,236 03/15/2018
Float ? (*not updated since 2015, with the recent increase in AS/OS you could be sure it’s close to the OS. )
SGMG is currently trading at about .18 cents.
SGMD SECURITY DETAILS-Share Structure
Market Cap $43,294,260 03/19/2018
Authorized Shares 300,000,000 02/28/2018
Outstanding Shares 247,395,774 02/28/2018
Float ? 12/28/2016 (*Not updated for over 2 years so its probably very close to the OS.
So, let me wrap up my blog by saying the following about INMG. I believe this excessive drop in price is part of the cyclic dynamics of the OTC, and has been amplified by the low volume that traders and or shareholders have been selling into for months. I believe this price drop is completely unwarranted, because the transparency, progress and acquisitions, company filings and criteria that determine the health of a stock’s sustainability are all very good and one of the best stocks I see on the OTC. In fact, I cannot find a cannabis stock or any stock under $0.10 with a 172M float, earning growing revenues through multiple streams, has little debt, and approaching profitability like INMG. You can also throw in the CEO skin in the game only owning common shares (92M common shares) and not earning a salary to the mix. Additionally, I believe INMG is heading in the right direction with its recent acquisitions and multiple revenue streams (Kush Processing, Local Cannabis Dispensary, Night Flight), exclusive content like The Green Room Comedy Show, an the unique advertising ad-maximizer platform and at the same time keeping the shares structure in tact and not diluting shareholders while increasing assets. Its just a matter of time before the invest community realizes how good of buying opportunity INMG is with this unwarranted drop in price. Finally, there are many rumors and email conformations from the company outlining that they are developing and close to releasing apps for Cannanet.tv and LocalCannabisDispensary.com along with exploring a crypto currency platform. “Kush plans to expand the products and services it offers for the Cannabis industry over the next few Quarters and is also researching cryptocurrency processing and payment options for customers” (from pr on Jan. 24, 2018)
From SR- INMG- many impatient shareholders sold in todays long time welcomed volume...this is just the start because there is nothing better on the OTC...And I think everyone knows that and cannot argue with that after reading own the float article below...which are all FACTS.- INMG is extremely undervalued and should be trading over .10+...After reading this...my position in INMG is stronger than every...added 500K in total last 2 days...We would have closed today well over .01 if not for the clueless block by ETRADE blocking the ASK..
READ BLOG-
http://ownthefloat.com/index.php/2018/03/20/inmg-cannabis-sector-company-with-4-revenue-streams-its-unwarranted-share-price-drop/
Was that one seller?
Thanks Three2001.
I had 3 transactions today. I think we need more buyers. But regardless, in 2-3 years time, some stockholders here will be rewarded handsomely. Pretty sure some ppl here could be millionaire in that time frame.
I think there is not enough attention here. How many transaction went thru today? Less than 20? We need more attention and if we have that liquidity with enough buyers then we are good
If RXMD that has 313 mill float can ride up to $.25. I am sure that INMG that has 172 mill float can follow similar path and may be even higher. Patience will pay off
Holding more than I probably should. But I plan to get more to average down. INMG does not seem like a company that pumps the SP so we just have to wait I suppose.
I have faith that things will pan out nicely in the next two years. Hopefully by then the current level is peanuts compare to the price at that time.
Gold Nuggets. LOL
Hopefully it comes to fruition.
Plan to buy more when the price drops a bit more
Cheers
LB
Why May and June? Are you waiting for financial report for the driver or is that some other event you are anticipating?
I missed the whole day too due to work. Mono, can you elaborate? Was that just a small volume?
looks like 0.0045 is a tested support. whats anyone's 12 mths target on this? Surprised to see the hair cut on that extremely positive news.
Lets GOOO I wanna see 0.18 and then .25
Bought at 0.0082 yesterday and put a hold on additional purchase. Will get more if this gets to 0.005-0.006..if it ever gets there.
Stop complaining all day. Either you are in or you are out. Rome was not built in a day.
One day, $0.25 would be the base line. Then 50 cents and then a dollar. Looking forward to it. Good report today
I was sorta expecting $.25. Whether $.20 or $.25..The question would then be whether the price stabilizes or get dumped?
Hoping this would stabilize and we see dollars in 2 years. May be I am dreaming. May be its a stretch. May be its not.