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Looks like Fogel got nervous if it was a regulator and didn't realize the dates don't compute! I wonder if he's booked a flight to Europe like that other character that's back in jail now.
Or, who actually signed that September 28th 8-K? Couldn't have been Antonetti because as you poined out, she had been gone since August.
What a tangled web...
And nothing will happen with the price until the financials show a pop in revenue. There will be a little pop in May with the Q1 filing but I wouldn't expect a dramatic rise in the pps unless some production news breaks. Along with that, there will have to be a reduction in the OS and some information on the progress of the other projects besides Mountains.
Unless we get some news on the distribution of Mountains with its release in June, we'll probably have to wait til the Q2 is released in August to attract more shareholders with the financials and see the pps begin its rise.
There's just way too many shares for the existing revenue stream right now for this to go anywhere. It has gone no bid a few times however it keeps coming back. So there is some interest in it even now.
Yeah I know but I think that's saying his PR company (whoever that will be) is expected to do that. That means they'll just tow the company line. But I suspect that Tom himself will not speak to us through social media. So far that's not been his style and I don't think he's going to change. I actually think he's busy and has his hands full with New Broadway Cinema. That will require an extraordinary amount of his time with producing that whole concept of Broadway plays on video. I think that's where he's been and right now he just doesn't have the time for us, or anything else for that matter. Executive Production is HUGELY time intensive. I know because my wife's brother is a successful executive producer and he's constantly busy flying between here, Vancouver BC, and his other film locations.
Tom is trying to do two enormously time intensive things and one is going to suffer. Produce and be the CEO. So now he's let the CEO part slide while he carries on production. Something has to give and it's the CEO.
That leaves us without updates but it doesn't mean the business plan isn't working. It just means we aren't critical to him yet. That's okay. I'd rather have him concentrate on the business end during this phase of the company's growth period.
Yes. I'm going to assume that he'll continue to update only by press release or financial report.
I think your point on a lack of communication from Tom is a good one. Unfortunately, I don't think that will change too much in the near future, if at all. He's fine with having the financials speak for themselves. That just seems to be his management style. I can handle that as long as the financials are filed on time and show revenue. So far, the Annual and Quarterly filings have been on time and are showing the revenue that he estimated. It's only been $50k per quarter but that's what he said it would be until the new revenue sources are produced. So everything he has said laid out in his timetable is happening.
1.) The retention of $120,000 in fantasy sports stock that was part of the GBGM transaction that has been held as assets should show up in the revenue column on the Q1 report due out May 15. Of course, that's if they have been sold which is what his plan is. Added to the $50,000, that will show a new high in revenue of $170,000+ on the books. That will be an increase of at least 340%. $$$
2.) Mountains of Madness is in production and a preview clip has been displayed at the major Animation Show of the year, WonderCon/ComicCon in L.A., and was also the subject of a major panel discussion at that show. For the industry to acknowledge it and be excited about it is good news for us stockholders. Although not the only new source of revenue projected for 2016, Mountains of Madness is the first major new revenue source and the release of the full length animated movie, as a web series, is targeted for the middle of June. There's no reason to believe that will not happen. With a June release, the revenue will be able to be included on the Q2 financials that would be filed in the middle of August. The Mountains of Madness web page is being rebuilt and that will contribute toward the advertisement of the web series. In addition, Tom has mentioned that part of the Mountains of Madness plan is to create a new H.P. Lovecraft channel that will be targeted towards one of the premium SVOD services like Hulu, Netflix, Youtube, Amazon, or another recognized SVOD service. That opens up the possibility of producing other works of Lovecraft in a similar manner that can be streamed from the SVOD service. $$$
3.) We're waiting to hear about production from the New Broadway Cinema (NBC). It's only a guess as to the timetable on this revenue producer. It will require a significant jump in revenue or investment from outside sources to produce these full immersively filmed broadway productions. These will likely also be featured on a New Braodway Cinema channel on one of the SVOD services just like Mountains of Madness, however with NBC, they will be viewed on the Occulus Rift or similar immersive device. $$$
4.) We're also waiting on the release of the VOD Search platform so that also is pure speculation as to when it would arrive. This has the potential to bring in advertising revenue. $$$
5.) Innovativ Media has already partnered with Fullscreen, Inc. to develop and produce Just Smart People. Fullscreen is launching April 26 as a youtube production company. No doubt, Tom will be doing more with Fullscreen as well. $$$
https://www.fullscreen.com/
http://www.comcastventures.com/portfolio/fullscreen
So that's a snapshot of where we're at and what we can expect as this year unfolds. Everything takes time when it comes to production and that's why Tom kept focusing on Q2 as when we will start to see the company excellerate towards the .05 goal. That .05 will be something that happens after the Q2 filing, not during or before. So we're talking August and beyond. We will probably see .01 going in to the fall of this year. I think that .05 is after NBC is regularly marketing it's broadway videos. When he said he believed Innovativ was undervalued and that he believed the stock price should be at .05, he was probably talking about the time when all of these assets were firing on all 8 cylinders and producing revenue. That's probably a 2017 goal but could happen as early as the end of this year the way things are going.
We'll wait for an update through the filings and the press releases.
That's how he's PR'd us so far.
Spot on brucedale. The liner and swaging process is key. Even the Type A Cert for extended life has to do with the liner material withstanding the additional duty cycles. And since TPAC already manufactures to that Type A spec, the certification will be a formality later on this year.
Excellent posts. Keep it up!
It seems that they really aren't that concerned about this preview being released.
This may just be "small potatoes" to them. They may also be working on putting together an actual preview that's more than just part of one scene. An actual trailer that gives an overall picture of what Mountains of Madness is actually about.
That would be better for us than the preview from WonderCon.
If you read the Forbes report it specicically states what the plant is for:
"The new plant will be a joint venture with a Chinese entity to install interiors and paint exteriors on 737 airliners, Boeing’s popular single-aisle jetliner that competes with the Airbus A320."
Not bearings. However, the Chinese offset incentive for cost savings to have Boeing build their planes in Seattle using TPAC's bearings is the bottom line so whether it's built in the USA or China, Boeing will build using TPAC's bearings.
Not sure I get your drift all though that is a nice portrait!
I don't know about that. I invested $25,000 in this at .0005 and now it's at .0028. That's a terrible profit margin.
Exactly correct. Well said. Now is the time to accumulate. Release of Q2 fins will be the time to enjoy the ride.
Brucebill, I was agreeing with you.
(Calling you the man.)
$$$ TPAC $$$
Talk about unbelievable. You're arguing against an opinion of the SEC!
The MAN knows.
Obviously or it wouldn't be posted on this board. But what was the accusation?
What exactly was the compalint that was filed with the SEC against TPAC?
Excellent!
There have been so many accusations against TPAC for SEC violations that it's hard to keep track. A word of caution that just because someone makes the allegation does not mean that they know what they are talking about.
Here's an example:
A complaint was made that TPAC was required to file a Form D based on its statement in a Form 10-K that it issued a note to JMJ Financial pursuant to the Rule 506 exemption of Regulation D.
The posters were absolutely adamant that this failure was a violation of the SEC's reporting requirements and therefore TPAC was a fraud.
I contacted the SEC with this question and just received an answer that the Form D was not required for exemptions to Rule 506 of Regulation D. Here is the email reply from the SEC:
Dear Mr. B:
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
You ask whether Trans-pacific Aerospace Company, Inc. (TPAC) was required to file a Form D based on its statement in a Form 10-K that it issued a note to JMJ Financial pursuant to the Rule 506 exemption of Regulation D. We note that TPAC made that statement in its Form 10-K filed 2/13/2015 for its fiscal year ended Oct. 31, 2014 (https://www.sec.gov/Archives/edgar/data/1422295/000101968715000579/tpac_10k-103114.htm)
The filing of a Form D is a requirement of Rule 503(a) of Regulation D, but it is not a condition to the availability of the exemption under Rule 506 of Regulation D. For further discussion of this issue, please refer to the Compliance and Disclosure Interpretations (C&DIs) by the Division of Corporation Finance at https://www.sec.gov/divisions/corpfin/guidance/securitiesactrules-interps.htm. Your question is addressed in question 257.07 of the C&DIs.
Please contact me if you have additional questions.
Kathleen Kim
Special Counsel
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
www.sec.gov
www.investor.gov
www.twitter.com/SEC_Investor_Ed
TPAC is legitimate. So is the SEC.
What was the last word on the Form D filing for $335,000 JMJ Financial note?
I think if she's silent it's because she's distanced herself from VGTL. There's no reason to not report. There would only have been a gag order on merger or acquisition specific info which would not prevent a CEO from giving an update on other company progress. She's gone.
That's true. But I have a feeling when the time is right, Tom will take care of that too. He'll be looking for more investors and he'll attract them with fewer shares and the release of Mountains of Madness.
You're half right my friend. And this will continue to go in and out of no bid until Tom decides it's time to run.
$10,000 or $1,000. A contract is still a contract.
LOL! I already do...it's called the OTC Pinks!!!
AH HA HA HA HA. AAAAAHHH HAA HAA HAA HAA. AAAAAAAAAAAAHHHHHHHHH HHHHAAAA HHHAAAA HHHHHAAAAA HHHAAAAA.
EVERYBODY TOGETHER:
HARUMPH...HARUMPH...HARUMPH...HARUMPH
That's a new one for them, mike! I don't know if that was Tom that emailed me or if it was whoever he now has as Investor Relations. Remember that statement in the recent Annual Report:
"The Company issued 100,000,000 of restricted common shares to Pacific Equity Alliance, LLC (“Pacific Equity”) during the year in exchange for Investor Relations services. It is the Company’s position that Pacific Equity failed to perform and breached its agreement and the Company intends to rescind the shares issued to Pacific Equity."
Hopefully INMG's in the process of doing that. Either that or Pacific Equity got the message and is now doing their job.
Either way, more communication is a good thing!
Absolutely! And what's even more telling...they're starting to communicate.
Excellent...
I'm starting to think that she bailed out with the president when her 3 month interim position was over. There's no reason for her not to have issued another 8-K by now. I believe her silence on the matter confirms her disavowing any involvement with VGTel, Inc.
Here's the latest from OTC Markets. They put a warning on the VGTL ticker:
No Information Warning
This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
What is insider trading?
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.
Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.
Why does OTC Markets display this warning?
Companies that are identified on otcmarkets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available.
*** MESSAGE FROM Innovativ Info [info@innovativmedia.com] ***
Just got an email response from Innovativ Media to my questions regarding the release of the Mountains of Madness web series!!!
Mr. B,
Thank you for your interest in the “Mountains of Madness” web series. We have received quite a bit of positive response from the teaser screened at WonderCon. As to all the release info you are requesting it is unavailable at the moment but the Company is in the process of finalizing some distribution details. The web site that you contacted us through is being rebuilt for the series and we plan on having information on social media as well.
The series will be initially release via a premium SVOD service probably in the early summer but that’s all we know at this point.
Innovativ Media
Ha Ha Guys!!! Innovativ media Group is alive and well and, did you notice, finalizing distribution details (Can you say $$$!!!).
It also looks like a confirmation of an expected June (early summer) release date.
As far as the SVOD service (Netflix, Hulu Plus and Amazon), Tom's absolutely brilliant and right on the pulse of modern entertainment distribution. Check out what the linked article has to say about this subject, "Research shows SVOD gains at the expense of premium cable channels":
http://www.ooyala.com/videomind/blog/research-shows-svod-gains-expense-premium-cable-channels
Excellent news. We're starting to percolate friends...
Sell me your .0001's!!!
Yes, I rented Gameplay as soon as it became available on Amazon. It was pretty informative but dealt mostly with the early years of video gaming and how it all developed. It does leave room for a sequel dealing with modern gameplaying and some of the advancements in graphics and immersiveness that have come out. Money for Nothing is also an interesting video. If you were part of the MTV generation (and who wasn't back in the 80's) then it's also worth viewing. I think part of the issue with these videos is that they're older films that have kind of been reintroduced. So they have been filmed in the older formats that have the resolution of a VHS tape. That's what makes the New Broadway Cinema so important. Those productions of various Broadway plays using the green screen process will be new, filmed with modern HD cameras and employing first person immersion when viewed on the Occulus Rift headsets. Also, I'm hoping that Tom invests in some sort of advertising for Mountains of Madness prior to the release in June.
On a pps note, I believe that if Tom has any share buyback planned that he would purposely keep the share price down until he's ready to purchase those shares back. That way he can actually retire them at a cheap rate and not just turn them into preferred shares. That may explain why he has not been communicating with us, even though he has the social media set up already. A combination of second quarter financials with the MoM revenue, an O/S reduction, perhaps the release of the VOD Search Engine, and some information on the New Broadway Cinema, all in sequence within a relatively short period of time could take the pps up to .01 from where it is right now. At that point he could do his RS at 1:20 to take it up to $0.20. Then he can convert his 20 million preferred into the restricted common shares without hammering the share structure.
What may be a good thing for us is that he's playing his cards close to his vest. I don't think he wants flippers jumping all over this on it's way up and slowing the pps climb, so if he does it in rapid succession, he may avoid that altogether. At $0.20 and a reduced share structure it's a little harder for flippers to get traction even though we probably all flip to an extent when we can.
We'll see. I just keep adding a few million at a time at .0001 when I get the spare cash. I'd love for the pps to do something and I expected it to by now, as have many others. However, those who have bought millions at .0001 or .0002 expecting a quick bump in price may get impatient or bored and sell out at .0001 before this takes off over the next few months. That will allow me to purchase even more...
Yes, we did. I thought that the interest in the productions that INMG was involved in would have lifted the stock price, but I think we were also expecting Tom to come out of his shell by now and communicate with us once the preview was released. The nearly 5 billion taken off the Authorized had no effect as even the remaining 5 billion A/S is still way to high for a company of this size. So now I guess we have to go by his timetable of Q2 and not our own expectations.
But if he's that confident about Q2 and has not been pumping the stock, then I think his estimate of the pps going up in the second quarter, or at least by the time the Q2 financials are released, is probably pretty solid.
Tom's always projected Q2 2016 as when things will pick up for INMG. Most of us thought there would be at least a little movement before then with the Mountains of Madness preview indicating that production was moving along towards completion. Apparently it doesn't help. There's no bad news associated with INMG at all other than the silence of our CEO. But Tom is working as the positive financials show. It's just not INMG's time yet based on investor sentiment and Tom's timetable.
I would just say use the opportunity now to pick up .0001's. INMG will happen. It's still a waiting game.
I don't know about that. Their loss can be someone else's gain. I picked up another 10 million at .0001.
This is totally in the accumulation stage. With the release of the trailer and no action on the board other than buying/selling at .0001, it's obvious that INMG is a summer play (second quarter financials release.) Unless, of course, if INMG's other projects pick up like the VOD Search Engine release and the New Broadway Cinema production begins.
Summertime will be good for INMG.
Yes, the more info we put out there showing a legitimate project (and Mountains is just one of INMG's projects), the better this will perform.
Without Tom's voice on this project, though, I guess we'll just have to wait for the web series advertising to start before we'll see any real action. I'm hoping for another interview soon. In the meantime, it's more waiting.
The Mountains of Madness trailer is not yet available on the MountainsofMadnessMovie Facebook page but should be soon. At the beginning of 2015 there was an effort through KickStarter to fund the project. This attempt was abandoned as not enough private donor funds could be attained prior to Tom Coleman involving INMG in the project. This is a link to the funding video on the Kickstarter web page.
https://ksr-video.imgix.net/projects/925295/video-375517-h264_high.mp4
It's fairly crude and probably one of the reasons that the kickstarter project failed. But I thought I'd provide the link just to add more information to the development history of this project. I contacted the MountainsofMadnessMovie Facebook page support through email and asked a few questions about the Mountains of Madness release date in June and the planned advertising for the movie/web series.
I'll post their response if I get one.
As for my visit to WonderCon 2016, the sound quality was just too poor on the video I shot of the panel discussion of H.P. Lovecraft so I've trashed it. I already posted any tidbits regarding the Mountains of Madness discussion that were said by the panelists. The rest of the discussion was pretty much how difficult is was to produce a H.P. Lovecraft movie.
My only question is at what point will Tom step up to the plate with some news. This would be a good time to capitalize on the release of the trailer.
By the way, it was either the trailer title frame or one of the still frames like a movie advertising poster that had the "Produced by Innovativ Media" logo on it.
Pretty cool. Innovativ needs that name promoted so I hope Tom is producing a separate trailer or two that shows it's an arctic expedition along with a couple dialogue and action sequences and then the big "produced by" cover poster with the release date in June.
Hey Kramden. It's an animated movie that has been broken up into a mini web series like they do on TV sometimes. I think that's why we're hearing it called a movie and a web series. I don't know how many episodes there are. Could be 3 or it might be 6. As far as the genre goes (horror), it's not my cup of tea but that's just me. That doesn't detract from the quality or attractiveness of it at all. I don't think its for young children. I'd probably give it a TV14 or PG13 rating based on the clip that I saw. They had some still frames of the arctic city the explorers find that looked pretty impressive.
Got that right Rock!
***UPDATE ON MOUNTAINS OF MADNESS***
Okay gang, here's the report from WonderCon 2016.
My apologies first of all for how late this is. We have guests for a garden party at my house so I've been busier than a one legged guy in a butt kicking contest yesterday and today trying to get the house and the setup ready. I still haven't downloaded the video yet but I will tomorrow afternoon. I've got guests showing up in half an hour so this will be brief.
First the bad news (not really that bad...)
They did not allow videotaping of the previews. I videotaped the panel but the sound came out terrible. I'm working on it and will release it on Youtube with a link ASAP as I mentioned.
Tom was not present. At least I didn't see him. But I thought about that for a while and it kinda made sense. I should have expected that as he wasn't on the H.P. Lovecraft panel. Not only that but if you've ever been to one of these ComicCon or WonderCon shows, it's really a bunch of young people (and not so young) in costumes of their favorite comic characters. Kinda strange. The guys on the panel were animators and script writers.
So here's how it went. I sat in on the end of the previous panel. The attendance was about 60 or 70 people. In looking in on the other panels in the different convention rooms I noticed that the average attendance was about that. 50 or 60. When the panel concluded and the H.P. Lovecraft panel came in, another 60 people came in. So the room had about 120 people in it. That was good news #1. A lot of interest in H.P. Lovecraft. After the introductions of the panel they got in to describing H.P. Lovecraft and his stories. They made an interesting statement about the author. No one knew him when he was alive. He was never recognized for his stories during his lifetime. It has only been lately that a huge interest in his works has developed. His parents both died in an insane assylum and it had a dramatic effect on his storywriting. In his novels, there were no good guys at the end saving the day. It was horror story writing in the sense of fear of the unknown or unknowable. The theme of the panel discussion was entitled "Describing the Indescribable - Adapting the Works of H.P. Lovecraft." The panel described how difficult it was to film a Lovecraft novel because the story was all about the alien or monster and there was no character development per se. That's why it works more with animation and probably why Tom Coleman chose to produce an animated version of Mountains of Madness.
As far as the clip of Mountains of Madness: when the panel chairman announced the preview of Mountains of Madness (there were other previews of different H.P. Lovecraft works), all of the panel members ran off the stage and grabbed chairs in the audience to see it on the two huge projection screens on either side of the stage. That was good news #2. The industry guys were excited about it. The clip itself was about one minute long and it showed a scene of one of the characters running to escape from the monster. It was pretty average animation that was on par with the animation style of the old TV Series "Johnny Quest."
What was crazy was what happened at the end of it when a chasm opens up and the character leaps for the other end of the chasm and manages to barely hold on to the edge of the chasm. So he's hanging there and his partner who was yelling at him to jump to his side of the chasm reaches out to give hime a hand and something horrible happens to him. You never expected it and it fits the style of H.P. Lovecraft.
You'll have to watch the clip on the MountainsofMadness Facebook page and see for yourself. I do not know when they will release it but it will probably be soon, if it hasn't already happened. For the type of movie it was fairly well done but with the clip only a minute long, it was too hard to tell too much of anything, other than it will probably have a large audience. It will, no doubt, come to be a cult classic when it's finished.
The panel announced that the release of the movie will be in June.
That's good because it will be within the Q2 financials that cover April thru June.
It was worth it seeing the preview. I wasn't disappointed. I think it's going to be a big macabre film noir animation and it will probably do very well in either syndication or internet sales. I'm not sure how Tom is going to market it but I'm sure he's got all of that figured out already.
My guests are here so i have to go. Sorry but a busy weekend. More later.
I may not be able to get it out until tomorrow or Sunday mike because I won't get home til 11:00pm. I'll get it done as quickly as possible.