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Ok folks. I am calling it, the bottom was in at .0089 a few days ago. These are the last days of sub-penny, so round out your positions and settle in for the long term. Read my previous posts about 420 and Burn. Imagine if they start distributing their content through Cannanet TV. That is big time!
So to those saying the company is unresponsive, they always reply from Investor Relations within a day.
AND I am going to go out on a limb and say that I think that IR is Tom (company too small to outsource that)....
So for those saying Tom is nowhere to be seen I say reach out (respectfully and appreciatively) to IT and they will provide helpful info.
From INMG IR today to me via email in response to my email question which is below:
Thanks. CannaNet.TV differentiates from ‘Burn’ and ‘420’ in that it is its own platform and not seeking distribution - only viewership and traffic. Although the channel is sensitive to advertisers it does not face the restrictions and censorship that is currently applied on the large, traditional distribution platforms – in fact CannaNet.TV is targeting Cannabis products and services as principle advertisers. CannaNet.TV is also investing in some original programming but on a much more conservative basis and we plan to reach out to both Burn TV and 420 to offer supplemental distribution.
My original email:
Not sure if you or Tom have seen this?
https://www.wsj.com/articles/is-the-peak-tv-era-ready-for-pot-channels-1518620049?ru=yahoo?mod=yahoo_itp&yptr=yahoo
I personally hope it’s not Huawei. I did some business in China and they are notorious for stealing intellectual property!!
I thought CBD was legal...what the heck?
https://mjbizdaily.com/tennessee-raids-shutter-23-stores-selling-cbd-products/
Well of course I didn’t read that far down in the article!
Must be a typo though....they meant sellers.
Tom Coleman the CEO
You might want to read your article...SELLERS are not the same as PRODUCERS...nice try though!
Last time we gapped up we subsequently fell 75%...I’ll take a nice slow move up or better yet flat until news is out so that the news isn’t sold...
All gaps fill...I’m holding out for the gap below .02 to fill...may be a mistake to wait that long but hope it picks me up...
A lot of potential here (even though the movies are corny as hell!)
Anyone notice Darryl Greens tweets haven’t mentioned Utopya since 2/2/18...just a few generic ones lately...???
No problem with that if that is how you play the stocks. I have a day job and family so I buy and hold and that is fine for me. To each their own. Neither way is right or wrong. To each their own. I think most here seem to be in the buy and hold camp which may be where you are at odds with some here. You do you. Best of luck and hope ANDI makes us all lots of $$$
You are very smart to enter at this price point. The risk reward profile at this level is phenomenal. I’m at 850k and really should get myself into the 7 figure club!
How can one invest with confidence in this stock when it swings around this violently. I don’t know if any other popular OTC stock that behaves this way. Baffling.
Price collapsing fast! What’s going on?
Hey I wouldn’t disagree with that, I want this to go up as much as the next guy, I’ve got 850k shares of this SOB
They seemed to say they do releases based on completion of items not on future plans and we see that with Kush Processing. But ultimately, who knows.
To confirm the App appears that it will be for both CannaNet.tv and Local Cannabis Dispensary (aka LCD) based on what IR said.
Great NEWS!
Moderator please Sticky!
Is that true love or sarcasm? What does that mean that is good (accumulation but price down)? Trying to understand.
The below is a direct quote from IR that I received yesterday:
Thank you for your continuing interest in Innovativ Media Group. The Company’s annual report and year end financials will be posted prior to March 15th. We are currently developing a CannaNet.TV/LCD app and hope to have it available soon.
I emailed them and they responded the following morning. This is the first confirmation I have heard that they are working on an App!
So longs, the next month should hold financials and an App. Hold on longs!
Now that I have released this I anticipating we open with a gap up to .02.
Below was my email to them:
Hello, I know you can’t provide non-public information but do you have any insight you can provide on when we might see 2017 year end financials and whether those numbers would be audited?
Also any comments on when we might see a future news release?
Finally wanted to share the following press release on the Movie Store. They are showing their movie content through Amazon Prime and have an App coming out. I wonder if that has been contemplated by INMG? A Cannanet App might be quite successful, esp if it had Local Cannabis Dispensary on it. Just a thought.
http://emerginggrowth.com/movie-studio-inc-otc-mves-entertainment-company-just-added-amazon-com-distribution-resume-potential-takeover/
Best of luck INMG, we your shareholders are rooting you on!
Penny although your posts drive me nuts, and I hate the negativity, I have to admit some of them are kind of funny and when I finally read your profile photo about blockchain yesterday it had me laughing out loud.
Looking at the chart, today’s volume is literally nothing vs other days. What does that mean? Float totally locked?
I got a nice update from INMGs investor relations today with good info but not going to share it here because I am so sick and tired of all the negativity here. Let’s just say I will enjoy these nice buy opportunities like the 50k at .009 I picked up today.
I am? News to me...I’m just a 9 to 5 schlub trying to make a buck in this life. Nice try though.
Huh?
Ok but don’t you buy now at its lowest point?
I don’t think endless volume of sub penny, volume is always low and they’re probably just swapping shares back and forth. IMHO
I email Investor Relations and they respond by next morning. Why don’t you email them your concerns. I just emailed them tonight.
Too much reading. Can you translate for us.
No way Ricotich, I’m a fellow ANDI-guy with you and holding some nice shares of HMPQ. Got in at .01 and already up over 100%...this sucker is pre-revenue and about to pop...let’s own two winners together.
If you join me in INMG we can be 3 for 3.
I guess the upside is all those sells and only down 4%. Limited downside exposure.
That’s the “theoretical exercise” in all this. If you believe in it and you’re thinking it’s on its way to the moon then even better you got a bunch more cheap shares and hang on to those, if you’ve lost faith like our friend PennyStock then you at least get a cheaper position. Either way, why not buy more at this level is the real thing I am trying to figure out.
Ok theoretical question here. I have 800k shares at .012 avg cost. In theory shouldn’t I rebuy my position at .009 and sell the old 800k when the price hits .012. In theory I get my shares that much cheaper. Only risk is if price never recovers to .012 which seems almost impossible. Thoughts.
You’re committing financial suicide with this stock by wanting it to go up on the one hand but bashing it hard on the other hand. I don’t understand your strategy.
If you feel hitting .012 is a no brainer (has happened repeatedly over last few months) then you load the boat at .009 and ensure 33% return with such little downside. For those who believe this stock can do anything at all you grab all these. Market Cap is below $2.5m. I have my order in for .009.
I can’t open it. What is going on?
Yes but that MVES is showing that there are other/new ways for INMG to potentially monetize it’s B-movie Library, and if INMG is about multiple revenue streams it should also look into that in my opinion.
Check out MVES. Similar b-rate movie content but they just sold their sh*tty movies on a revenue share with Amazon. Why couldn’t INMG do the same?
POTN just released internal 12/31 financials. No mention of investment in RSHN.
I hate to say this but if you look at Q3 vs Q4 YTD financials these don’t look good. Basically another $500k of Debt that converts to shares at a highly unfavorable rate, net LOSS of $450k for Q4 (look at Q3 vs Q4 profit goes down from $650k to $213k), the 300m shares are not converted so everyone who sees audit will recalculate market cap at around $250m currently. Huge Q4 operating expense.
I am a CPA and I don’t see how a financially astute investor can look at this (and I just did a five minute review) and feel good about this. This is a good company but this is not a good report. The footnotes don’t tie to the Notes Payable on the Balance Sheet. What is this new $1.2m of debt that now shows. It does not tie to the support.