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The only thing that concerns me in your synopsis is highighted below:
The Company has committed to constructing its CannaNet.TV platform and plans to go live on November 28, 2017 subject to force majeure events. The Company is primarily outsourcing the construction of the platform to third party developers. The maintenance, operation and continuing content procurement for the channel will require material resources. The Company intends to principally support the platform from its cash flows and manage operations through third party service agreements.
Third party service agreements for technical expertise that you don't have is certainly a requirement. But I've been through some F'ing horrible IT nightmares with third party providers.
First, if you don't have the expertise, you don't know all the right questions to ask. Second, if you don't have the expertise, you don't know if the answers you are getting are the right answers.
Every company that doesn't specialize in programming goes through this, but CannaNetTv is all about the viewing experience. You get one chance to get it right. Turn off viewers, the revenue stream runs dry.
Hopefully, much of this platform will be "plug and play" simple.
I don't post much, but I read almost everything that's posted here. Thanks to the DD Monsters that bring so much value to the JBZY board! I read it all, then I go verify it on my own. I really like what I see for JBZY, long term. However...
Today, I'd be happy just to see JBZY hit $0.20 and sustain it. I'm not convinced that our tiny OTC segment is capable of pushing it to $0.20 and sustaining it. That's a crap ton of beer money!
For me, it's about baby steps. I don't see it jumping to a NASDAQ qualifying PPS right out of the blocks. Very likely JBZY isn't holding that much value. And even if it is, the market has to agree. The market we are in, the OTC, will sell JBZY visciously if it were to pop that high that fast, bringing it way below the NASDAQ requirement.
If I'm wrong, great! But my experience is that if things don't smell right, they usually aren't right. The value proposition is this, "I've got a stock to sell you for $0.05/share. All you have to do is wait a few months until the company reports their holdings, then the PPS will be $5.00." Prudent investors should be skeptical. Too much pie in an endless sky.
I think Wang intends to get to the NASDAQ the old fashioned way, by selling enough widgets to get his PPS high enough to make the jump. (And who knows how much government subsidy there might be for a green Chinese car company? TESLA practically stole $6 Billion from US taxpayers.) That will take time.
If he wants to get there faster, then he'll have to do a massive reverse split to get the share price high enough. Or...
The third way, is to cram enough value into the holding company that it exceeds $4/share, and the OTC has to agree to pay $4/share to sustain it. That way requires Wang to transfer some of his wealth to you and me, and penny stock traders to become buy and hold value investors. Neither of those two things are likely to happen. You don't become a billionaire by giving it away, and penny stock flippers don't become Warren Buffett in a few trading sessions.
I recall that no one on the OTC was a buyer at $0.15. To the contrary, that price brought about enough selling pressure to bring the PPS down to $0.06 again. Old Milwaukee must have been having an awesome sale! $4.00 buyers are clearly non-existent.
News can certainly change things. But ask yourselves how big the news would have to be that you're a buyer of JBZY at $4.00 and not a seller.
I've personally got a nice pile, little over 500k. I do intend to see this thing through. My expected timeline for "riches" is, at a minimum, 3-5 years. I think Wang is going to do this right, build a strong business that attracts the attention of institutional investors the world over. If it happens faster, great! But my expectations are in line with what my gut is telling me is reality.
All my opinion, of course.
Keep telling yourself that Cherry! The power of positive thinking. Just don't take out any loans in anticipation, wait for the cash to hit your account.
You're not going to see a PR for these financials. There's nothing to say. If Tom did say anything it would go something like this:
"We blew through some cash building out CannaNetTv. We sold a few shares for expenses. Revenue is up a little, but the total number amounts to a rounding error for a company that is actually doing business. Business launches in a couple of weeks, we are very confident that revenue is soon to follow."
What you're asking for is flipper fodder. Meaningless PRs follow meaningless financials from CEOs that are nothing more than penny peddlers. You should be thankful you're not getting this type of garbage from Tom. Unless you're all about flipping, in which case I'd understand your dilemma. Quite frankly, if Tom operated that way, I would not even bother to invest in INMG.
$2.38 by Thanksgiving! Yeah, Baby, Yeah!!!!
TSMI investors seem likliest...they'll want to supplement their big losses on TSMI with INMG merger rumors.
The question is how much additional volume will be required to achieve $0.05/share, and what is the source of that buying volume?
If it's more penny speculators that come to INMG to get some fast cash, then they'll punish any price spikes with massive selling to pay their rent for December.
What, we didn't get bought out today? Jesus H.! Now I've got to return the Ferrari, thought I was getting a check for a couple mill later this week. That's gonna be embarrassing!
$2.38 by NEXT CHRISTMAS! YEAH, BABY, YEAH!
This isn't a matter of being too early for a buyout. It's a matter of there's nothing to buy. After two successful quarters you might argue that it's too early for a buyout. No deep pockets are going to pay a crap ton of money for a company and its platform that has never made a dollar.
Talk about getting bought out is penny wishes for enormous riches for zero effort.
Gordon Gekko was right...
Amazon is going to buy INMG by lunchtime for $2.38! Yeah, Baby!
If there are any questions about monetization, and there certainly are, this goes a long way in answering them.
Tom's model has always been to provide free content along with paid advertising. Nice to see confirmation that this model is lucrative.
Media has made some serious changes over the past few years. Cable companies have had a stranglehold over content and viewers. No more. Streaming is the new model.
Hell, I'm even thinking about cutting my cable. Just don't know what I'd replace it with, there are a ton of choices. I'm definitely tired of paying DirecTv rates.
Question is, what makes you think INMG is getting bought?
What specifically have you heard that leads you to believe that INMG is in buyout talks?
What do you base a pending buyout on?
Trust your instincts. If your position size is already as big or bigger than it should be, then be content to watch the fireworks.
"Sometimes even a blind squirrel finds a nut."
I feel that way about INMG. One of my coworkers found it, shared it with me, and we've been buying massive blocks ever since. Haven't made a dime, but that's irrelevant to the big picture. I haven't made a dime because INMG hasn't made a dime. INMG will be controlled by revenue, and that's a very good thing. You can't fake cash on a balance sheet. You either have it or you don't. This keeps me interested.
Folks on this board today have been discussing the lack of enthusiasm for INMG shares. This is one of the drawbacks of being early to the party. INMG is a penny stock trading on the OTC. Expectations are for enourmous price runs so quick profits can be taken. That's not available with this one. Certainly not to the level that keeps penny stock investors interested. Which is another reason why I continue to hold and add to my position. INMG does not act like a penny stock because the CEO does not act like a penny stock peddler.
My advice to anyone reading this is cliche', but it fits better here today, right now, than at any other time since I've been following INMG.
KNOW WHAT YOU OWN!
Company is about to launch world wide on November 28th. That means for the first time INMG will be ringing the cash register. We are open for business! This one isn't for trading. Buy it, toss your shares in the back of the drawer and check on them in a few months. Let the business plan build some momentum. The real danger here is selling too early, taking what appears to be a decent profit. Just remember that you can't take down a 100 bagger if you sell at a 25 bagger. Cut your losers short and let your winners run!
Exit strategies are essential, you should always know where the exits are when your money is at stake. Taking your original investment off the table when some profit is available is prudent. It frees your cash up to invest elsewhere, and takes all of the risk out of this trade. That will make it a lot easier to be patient while Tom builds this business. Imagine how difficult it will be to watch the daily bids and asks, with your position worth over 6 figures, and you're letting it all ride! Take your money off the table to wratchet down the emotions that are guaranteed to follow when your position is bigger than you imagined!
Sorry this got so long, but I'm passionate about this opportunity! And I'm a value investor, not a penny stock trader. Just hope that my perspective is useful to others, as this is not your average penny stock play.
I post that every now and then just to stay in the good graces of the longs here.
Contrarian views never seem to be welcome, except by a very few. But that's the nature of pennyland. People think they're going to get rich tomorrow for having done nothing more than push the buy button. Anything that doesn't fit that narrative is dismissed as nefarious. The thing that folks don't realize when I post something that is contrary to the notion of getting rich quick is that I'm looking for some debate, I want people to think. Together we can push the boundaries of thought and knowledge. Instead, we gain a mindset and mire ourselves in it, dismissing everything that doesn't agree with that mindset.
My mindset is to find the flaw in the investing thesis, then avoid it. I haven't been able to poke many holes in INMG, which is why I'm still here. Everything in my portfolio has been vetted, severely. But I keep looking for that fatal flaw in INMG. Is it no moat to competition? Is it Tom's inability to pull this off? Is it a business model that is inherently limited in it's ability to produce revenue? Will the government come in a ruin the opportunity?
I sometimes wonder if social media and investing are a good mix. There's a lot to be gained by friendly debate from both sides of the INMG ledger, and we're not getting any of it.
$2.38 by Christmas! Yeah, Baby!
$2.38 per share by Christmas! Yeah, Baby!
Prediction from a Super Long:
Full Disclosure: By Super Long, I mean I will take millions of shares into mid-late 2018, minimum, where the real money will be made.
We've seen the movie that's about to premiere in a couple of weeks. MJAC earned INMG a big bump to over 4 pennies. At that point the selling was merciless. Profit takers, very many of them on this board, sold for a few months of rent money. I get that, traders gotta trade, babies don't feed themselves. I cast no aspersions on a trader for trading.
World Wide Launch is right around the corner. PR's, fins, and the launch will stir up some PPS drama. But the sellers still control this stock. At a PPS of 5 cents the selling will be massive enough to bring INMG back to much lower levels. The clueless will wonder what is wrong with INMG, never realizing that their selling is tossing a floundering INMG a stone, not a life preserver.
There's a lot of talk about the money INMG is making, or is capable of making, but REAL REVENUE, the kind that gets the attention of big investors, won't be around until a couple of quarters into next year, at least. It's folly to expect that INMG will launch at full tilt revenue. It's a fledgling business that has to be built over time. GW is right on this point (as well as others), it will take TIME for INMG to build its customer base, thereby generating massive revenue relative to the company size.
I've never been more excited about INMG, with the world wide launch right around the corner! But I also know that many of you reading this won't allow it to run, you'll be selling like you're going to win a prize. I'm pragmatic enough to realize that REAL, LIFE CHANGING PROFITS will be available, but not in the calendar year 2017. This stock has to be taken out of the hands of traders. Buyers who have been on the sidelines or who as yet don't know about our little gem need to get in to absorb the selling from ham and eggers.
Could we have an OWCP moment where the stock runs to the stratosphere? Sure. But the pop will be follwed by the OWCP 90% fizzle, because there's no revenue under a really high valuation to keep the PPS elevated.
I can't wait to start selling covered calls on my pile every 6 to 8 weeks.
We're talking 10 times my original investment, every year, year after year. The gift that keeps on giving...
DOLV / JBZY has been quite a speculation, and Brokers are all about protecting themselves from their customers and their bad decisions. I would be, too. We live in a litigious society.
The primary aspect for Brokers employing extra percautions when dealing in super-speculative positions is the trading level of the account holder. If you have entry level privs, then you're going to get the 3rd degree from your Broker when their red flags go up.
If you have a deeper level of privs, required for most options trading, then you've already been vetted as to experience and they let you hang yourself without question.
Just to follow up on the brokerage problem...E*Trade is showing JBZY accurately now in my account.
E*Trade tells me they'll have the problem resolved tomorrow.
I've got TDA on the other line in case they don't.
If you would have told me 20 years ago that one of my best investment opportunities might well hinge on the decision of the biggest stoner of the time, I'd have called you nuts!
But there it is, Snoop Dogg in the house and on the management team.
For those that don't get the reference, Snoop Dogg is on Casa Verde Capital's management team, not INMG.
I think you might have something with this possible connection. From the Casa Verda Capital website:
Casa Verde Capital (CVC) maintains a view that the cannabis industry will be among the most compelling investment themes of our generation.
CVC is a venture capital firm focusing on the ancillary cannabis industry.
The ancillary ecosystem is commonly referred to as “not touching the plant;" this category includes, but is not limited to, agtech, health & wellness, financial services, technology, media, compliance and laboratory technology.
Any investment by a VC firm would definitely generate individual investor interest in INMG.
ABBAZABBA said:
further, there is are no global barriers to entry, very low admin/operating costs involved in media companies,
This is a net positive for INMG, but it is also a net positive for any other company that wants to start a pot media empire. There is no moat around INMG, their strength in is being FIRST.
What Tom is working 24/7 to accomplish right now is to build a brand. A strong brand will act as a moat around INMG to keep competitors at bay.
IMO, this makes a buyout more likely, but not until after the brand is built. A much larger company will step in after INMG has become household. That's a wonderful profit scenario for current shareholders!
GW asked:
Anyone know why this was "Intentionally" done?
Opinions?
To protect Tom's 92 million shares.
Traders trading INMG does not matter if we're truly long.
The daily price fluctuations don't change my position in the least. If INMG goes up 100%, I'm still long. If it goes down by 50%, I'm still long. What the share price did today is of no consequence. Company isn't even open for business yet.
I used Internet Services and Social Media as the sector on CSIMARKET.COM.
Hard to know for sure which sector is the right one at this early stage.
This is all speculation, the blanks will be filled in on metrics as the company creates a track record of revenue generation.
The primary reason I even brought this up is to manage expectations. This is still the OTC, expectations not met will be punished with selling. Even if those expectations are unrealistic.
See below for US based MJ companies and their most recent quartly sales figures. Is it reasonable to assume that INMG is going to get in front of these companies very quickly? Color me skeptical...
Company Name Stock Symbol Quarter Ended Quarterly Sales
Terra Tech (OTCQX: TRTC) 06/30/17 $6.05m
Kush Bottles (OTCQB: KSHB) 05/31/17 $4.72m
GrowGeneration (OTCQB: GRWG) 06/30/17 $4.11m
CV Sciences (OTCQB: CVSI) 06/30/17 $4.08m
mCig (OTCQB: MCIG) 07/31/17 $3.17m
GW Pharma (NASDAQ: GWPH) 06/30/17 $3.14m
"The World needs ditch diggers, too, Danny."
Judge Smaels--Caddyshack
With my JBZY $$$ I'm getting a full body tattoo of myself. Only taller.
(Props to Steven Wright.)
E*Trade currently shows my position correctly, ticker and number of shares, but at $0, so my position shows a 100% loss.
Correction on the numbers, my memory was a bit fuzzy. $0.06/share would be based on $2,000,000 annual revenue, not $8,000,000. $8,000,000 should get us to $0.25/share.
Price to Earnings and Price to Sales Ratios are calculated based on actual numbers, trailing twelve months.
PE, for example, is weighed against the industry average. A higher PE would indicate growth prospects. Investors would be willing to pay more for earnings if they think there are decent growth prospects.
As calculated previously, $0.25/share would indicate $8,000,000 in annual revenue (sales) based on 256MM shares outstanding. (not sure if the outstanding share number is accurate today, but this is for educational purposes, so it'll work)
Share price = $0.25
Sales = $8,000,000
Total Shares = 256,724,670
Revenue per share = $0.031 / share
Price to Sales = $0.25 / $0.031 = 8.06 (Industry average is about 8)
Now we have to justify the $8,000,000 in sales...
10,000 customers that average $800.
5,000 customers that average $1,600.
1,000 customers that average $8,000.
500 customers that average $16,000.
100 cusomers that average $80,000.
Which scenario is likeliest? If you go to the middle, 1,000 customers averaging $8,000 in annual ad buys, you can justify a $0.25 PPS. Can INMG handle 1,000 customers? That's a lot of customer service. How much are advertisers likely to spend each month on a new, unproven platform?
If any of those scenarios are doable, then $0.25/share is justifiable based on industry metrics.
$2,000,000 annual sales, or $500,000 per quarter, would calculate to $0.06/share. I really believe they have to build from where they are today to get to $2,000,000 in annual sales. They should eventually get to the $8,000,000 figure, but that will take time.
At some point in the near future we should get guidance from Tom on this, at which time we can tighten up the figures and our expectations.
Of course, we could speculate on the PPS doing some wild things, like shoot up to $2.00. [Just for giggles, a $2.00 PPS would require about $64,000,000 in annual revenue to be sustainable.]
I don't presonally trade in those fantasies. Anyone expecting this type of price action will not have read this far into my analysis, all that jibberish about ratios and numbers and stuff would have put them to sleep. INVESTORS will let the metrics guide their buying decisions, not penny fantasies of getting rich over night.
We previously did a back of the matchbook calculation for INMG's PPS relative to revenues. Based on industry averages, $8,000,000 annual revenue, or $2,000,000 per quarter, should equate to $0.06 per share.
Doesn't mean it won't fluctuate between 2 cents and 10 cents, to achieve that average PPS.
I anticipate INMG to remain in the control of MM's and flippers into the forseeable future.
The Wildcard will be volume. So far 11,000 followers hasn't really moved the needle. At some point that will begin to pay off.
Never hurts to put a buy order in for more cheapies. You get them or you don't, but you won't get them if you don't put in the order.
While the current state of the PPS is disappointing, you can't deny that there has been a lot of push back on those who were predicting great fortune by now. The Manic Pumper was telling everyone that it would be at $0.25 by Thanksgiving. I shut that down. You're welcome.
jrf30 said:
And we (yes we) took advantage of that and bought the snot out of it after it stopped going down, and the fastest fingers got the best deals.
I took a look at my E*Trade app at work, happened to be after the carnage took place, and thought, "Holy crap, is it my birthday?"
Whoever dumped all those shares today for nearly nothing, a heartfelt THANK YOU! I sincerely hope you weren't selling to cover medical expenses.
Didn't think I was going to buy more than 3MM, but here we are, working on 4MM. At the rate this ticker is going, I'm going to have 8MM before it takes off for good.
Anyone that's freaked out by today's action, ask yourself what changed for INMG today, in any material way. The answer is nothing. At this point I could list all the wonderful things that are in play for INMG, but others on the board have done a really good job getting the word out. Hold tight, good things are coming.
500k shares bought a few days ago at .009 returns a $1,500 -- 33% profit when sold at .012. Ham and eggers still control this stock, and will continue to do so as long as it flounders around a penny.
We'll see a different brand of "sorta longs" if the share price climbs to previous highs. There will be massive profit taking, knocking the share price right back down. Until we get some new blood trading INMG, we'll see what we've seen. Traders trading. A few longs holding.
Barring an unforeseen influx of new investment, I feel comfortable predicting that the PPS will remain below $0.02 until it launches. Folks on this board are incapable of making it pop, no one here are buyers at $0.03.
IMO, today's action after great news was released also tells us how little the rest of the world knows about INMG. 3M shares and about $39k traded, which is almost nothing in the scope of things. Except for the occasional whale belly flopping in the INMG pond, this is a typical day.
Social Media should change this dynamic in our favor.
It's great to hear from you again, B-Man! True to your name, you've taken the time to help others when clearly Nirvana is available to you.
I very much appreciate your message. Filter out the noise, concentrate on the big picture and let the forces at play go to work. Words to live by.