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I believe INMG is up to something and someone knows hence the nice buying today...aka someone knows something...
Enjoying those .0051’s I got this week!
BIG VOLUME DAY, HEAVY ACCUMULATION! SOMEONE KNOWS SOMETHING! GET IN NOW AS DEMAND BRANDS READY TO BLOW THIS THROUGH THE ROOF!
I bought 2,500 more today....”WHALE ALERT!”....”WHALE ALERT!”
Oh believe me, I’m in accumulation mode now, I’d like nothing more than for the MM’s to walk it down so I can further load up...then let ‘er rip!
It seems to have trouble poking through .14 resistance for now.
I gobbled up 5,000 at 13.1 so happy!
There’s like 5 people on this board that I see (and I’m new!)...why do you think this is flying so far below the radar?
He had to have done enough Due Diligence to validate all the companies, he didn’t just “take their word for it”
It helped me get some more shares!
This drop feels like a story as old as time on the OTC...such psychology at work, no one believes a stock with no product, revenue, employees is worth what it is when its at .008, but its all about riding momentum, and when that ends its get the heck out...quick!
Nice to see them beginning a social media presence...
Hmmm...my .0051’s from this morning are up 25% today...still waiting for that promised price collapse.
These are positive developments! I got 60k shares at .0051 this morning as it appears someone gave up this morning after seeing the 10Q. The business going forward is Demand Brands...this is basically DB taking over INMG so we need to see what the next 10Q shows which will have the DB operations in it. So much upside at these price levels.
Tons of uncertainty but its all priced in...
Price is not going to fall apart on Monday and here’s why...IT NEVER WENT UP IN THE FIRST PLACE...
The price was the same before the DB deal as after, so even if the DB deal is now 75% as good as we thought, it is still better than no deal, and yet the price didn’t reflect any benefit from the first deal announcement before EE appears to be out.
Not a great development for sure, but as I’ve said in previous posts, the stock is priced at liquidation value anyways, so anything above breakeven operations should move the price up.
I am now not able to see the Share Structure that was on OTC the other day...are others having that issue...can someone provide me those most current details if they have them?
https://www.otcmarkets.com/stock/FRLF/security
At a later date I believe I’ll be able to prove to you why I believe your conclusion is wrong, in the meantime I would like to understand your conclusions of why you believe the $20m market cap is too high, helps me try to consider all perspectives...
Wow! 71% by insiders...I love that because it means that their motivation and incentives are completely aligned with ours right? Dilution to us is dilution to them, etc...they win or lose on stock price and thus so will we.
Yes the 10Q showed that a number of other folks had shares (long detailed list), I only had time to summarize a few of the key ones)
Thanks Yam! And congrats on the huge haul of shares!
Want to make sure I understand:
- 10k kilos produced x 3 per year = 30,000 kilos / year
- You said on the indoor, they get $850k per 2k kilos, so 2k x 15 x $850 = $12,750,000 annual revenue from indoors?
- Outdoors 20k kilos x $45 = $900,000
= $13,650,000 of revenue per year from the Spain greenhouse??
Your Message:
They are currently using 20% of the Spain greenhouse and expect to produce 2k kilos of hemp valued at 850k -2 mil euros in the sept/oct harvest. When at full capacity the expect to produce 10k kilos per harvest and have 3 harvests per year. In addition to the indoor grow they have 2 mil sq ft of our door space that will yield 20k kilos at $45 per kilo. They are currently pre selling sept harvest with a 20% deposit required.
They also have a letter of intent to purchase 120k pound of raw USA hemp that will be extracted into oils valued at $13-17k per kilo. I don't know how much cbd oil 120k pounds of hemp will produce.
They've mentioned a few times that Irie cbd has a net profit margin of 13%
Doth my eyes deceive me? Tis a closing in the green? Methinks I need the smelling salts lest I fall into a shock induced stupor...
Winston, call for my horse and buggy, ‘tis time to hit the town for some libations!
Ok did some initial DD and threw the following together...please let me know if you see any issues/incorrect items.
On Business Lines, ideally I would like to fill in a revenue potential for each...I have the $2.8m for Tierra, and the company estimated $400k for the quarter ending 6/30 in its 3/31 PR (I assume this didn’t factor in Tierra), so conservatively that’s $1.6m/year from all other business lines (BUT I recall someone sharing some crop harvest revenue projections of like $4m but now I can’t find it...please help)...so from known numbers I see $4.4m revenue potential (and maybe another $4m when I confirm that crop harvest)...now we start to see a scenario where the valuation is $20m but we’re on the doorstep of $8m in annual revenue...this is about the ratio (valuation of 2x annualized current revenue that I found myself in on P*TN back in October 2017 when I bought in at .06 and rode it to $1).
Do folks in the know agree with my logic here or am I missing something? Any other good info to add to the below?
FRLF INITIAL DD SUMMARY:
1) Key Shareholders
a. Clifford Perry (CEO, CFO, Director) = 48% of common stock
b. Richard Groberg (CFO) = 1.4m shares
c. Ray Medeiros (Director) = 2.7m shares
d. Paul Pelosi (Board Chair) = 5.1m shares
2) Business Lines — vertically integrated media and CBD product company
a. LaMarihuana.com and Marihuana-Medicinal.com — April 2017, Spanish speaking web portals
b. Leafceuticals Inc — began ops Jan 2018, hemp extraction business
c. Freedom Leaf International Inc. — no active operations
d. Irie CBD — hemp CBD product line
e. Hempology —CBD health/wellness brand
f. Valencia, Spain — hemp greenhouse
g. Plants to Paper — rolling paper company
h. Freedom Leaf Magazine — flagship publication
i. Tierra Science Global, LLC - 8/1/18, health supplements, $500k rev in 1st half of 2018 (manufacturing done by Irie) - est annual rev of $2.88m and 24% profit margin
j. Healthy Discovery Associates Corp - nutraceutical LDL Cholesterol inhibitor intellectual property acquisition
k. Green Market Europe - purchase that was cancelled on 6/4/18
3) Preferred Shares = 10m authorized, 1m is Series A convertible into 100 common per share
4) Revenues & Exp -
a. Reduction vs. 2017 is from moving away from licensing to product sales
b. $50k 3/31 quarter revenue from $30k CBD oil, $20k sale of product
c. Growth in G&A expense attributable in part to stock based compensation, non-cash expense
Not me...bought more today, up to 1.15M shares and will grab more if it drops.
Ok makes sense...I’ve seen it done both ways so I totally respect that, thanks for sharing found info and DD, makes researching a lot easier.
We all did Motor...my gut said get out at .022 on pre-phone release but didn’t want to miss the boat...now we all wait for what hopefully are brighter days ahead...best of luck to you and us all.
Is it kosher to share the email on here? If so would love to see it...sorry late to the party and playing catch up...
Can you expand on what’s meant by “going to be a big boom”...
Grabbed 10,000 at 12.2 this morning (oops should have waited a bit) and then 10,000 at 11.7 a few minutes ago...
Now have a core position upon which to build...
Following your lead LA_Trader, lets go make some money!
Great! Can’t believe there’s a phone number and he actually takes your calls...in the OTC that’s refreshing, I’ve only ever seen emails and they rarely reply.
Ok, I’ve got my beak wet! Bought my first 10k shares of FRLF at the open on the ask...Plan to buy more...
So someone give me Ray’s number cause I’ve got some questions!
I’m excited I’m hearing good things and I’ll be buying more in the coming days as I do more DD.
Very informative thank you!
Looks like its “slang” for Toronto...6 cities combined into one...that’s what I read on the interwebs
One of your biggest complaints has been that Tom doesn’t address shareholders...this is an attempt to remedy that...good news!
Question, those .063’s were mine today (hooray, I own more INMG!), but while iHub shows 2 buys at .063, my Ameritrade account doesn’t show the order for 12,100 shares going through...any idea which one is right? I guess it would have to be my Ameritrade account right?
Sorry what’s an NT?
Hey LA I remember you from the P*TN days. I am thinking of taking a position here. I am only concerned about how they get to positive cash flow operationally given last 10Q...can you give me a quick sell on that?
Seems like a solid company besides that.
Sorry as much as I love INMG, I’m first and foremost a cheap b@stard, and because I previously kept hitting the ask on INMG my avg. is at .011, so its all cheap buys not to try to average down...but it does not diminish from my optimism on this stock!
No the comparison to P O T N is the wrong one...you need to compare INMG to its (perceived) sister-company (common CEO) of R S H N...
Its a shell with 7.7B shares outstanding and 12B A/S structure...no revenue, no product, no disclosure of what product will be, just speculation, just the relationship to CEO of P*TN and it has a market capitalization as of today of $30M...
INMG is today with this “run” valued at under $2.5M...the same market cap on INMG would put share price at around $.085...
Insanely cheap here.
Yes $30m market-cap on no revenue, no product and will surely need to dilute to fund startup losses...seems overvalued.
That being said, I bought at .0003, sold half at .0006 and the remainder at .0003 right before it took off so needless to say I am totally kicking myself now!
Got impatient...happy for all who stayed on!
I wonder if they’re waiting to start that and Infusionals website after the deal closes so they can do a single PR announcing all 3...Tom’s pretty cheap that way in bundling PRs...
I got those nice .0057’s this morning (though it only filled half my order unfortunately), but nice to see that buy go up 23% through the day...
Please don’t run the price up yet folks, I’m not done buying cheapies!
Who’s that? I’ve got multiple buy orders in at prices I would LOVE to get filled!
I don’t think people are comprehending just how cheap a $2.2m valuation is here...the company is being valued at 0.85x its book asset value and equal to the unamortized value of its video library...
Basically the market is valuing the company at the value of its existing book assets net of liabilities and discounting all of its future cash flows to $0, even with this acquisition...that is INSANELY low!
The complete failure of the business operations is already priced into the stock price, which means ALL of the downside risk if already priced in...IMHO
That to me is the definition of a buying opportunity....buy a stock where the downside scenario is priced in....please please please take the price down further, that will price it below its net book value meaning even upon liquidation (if book assets are sold at book value) shareholders would get a 100% recovery...that’s an oversimplification, but as an investor that hates chasing stocks and downside risk, this is a dream stock!
$2.2m market cap...tiny 172 million share float...just acquired a company with 6 brands and 2 very accomplished executives who came from a billion dollar company...engaged an auditor for eventual uplisting...existing business lines are less than 1 year old...
At this bloated $2.2m valuation, you’re right, nothing but downside here...keep selling...against my better judgement I’ve even put out 3 Buy orders to help you and others out who want to sell...sell away!
What you might want to do is go find me some other companies with a $2.2m valuation on the OTC and lets compare them to INMG, I would find that interesting, I’m sure they have an equally clean share structure, no toxic debt, break-even operations and tons of upside, just like INMG...
Why isn’t the Weedies site live? They had a big countdown and then now it just says “site coming soon”?