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Absolutely, although I don't really know what screen rights, if any, would have to be paid to whoever owns the copyrighted works of Lovecraft. He died around 80 years ago in relative obscurity, including his works. However, as you say, his popularity has been growing quickly of late. Most of his works were of the Horror/Sci-Fi genre which, other than using "Star Wars" type live action cinema with CGI which can be cost prohibitive, can reallistically be done primarily using animation quite successfully... or at least are a lot easier to make using animation than live action cinema.
Yeah, me too. One million now would be the equivalent of 500 million pre-RS!
I wrote a post earlier today on the new share structure and how that actually is better for us in the long term than what we had before. Short term it killed our investments though.
I'm still waiting for more funds to clear so I can do the same. A mil would be nice...
The real increase in subscribers probably won't happen until October when you have to subscribe to see any episodes. October will be very interesting...
Here's what Zack's says about notification of a reverse split:
"The board of directors of a company decides on a reverse stock split and then notifies shareholders of the conditions and date of the corporate action. The Securities and Exchange Commission website notes that a reverse split is not covered by SEC rules. State corporate laws and a company's own bylaws dictate how a reverse split must be handled. Notification may be in a press release or included in required SEC filing reports."
So that statement in the 10-K was all that was needed. We did discuss the RS as a group in advance of it happening because Tom included that in the annual report. Otherwise we never would of suspected it happening, especially since he stated in an interview that there were no plans (at that time) to reverse split. So we all knew it was part of the plan in 2016. We just thought he'd wait until the stock went up to .001 or .002 before doing it.
But here's the thing that nobody is looking at. That statement about reverse splitting the stock was only part of the sentence in the 10-K. A big part of the purpose was to convert the 20 million Series C Preferred Stock into restricted common shares.
As a reminder, here was the share structure before the reverse split:
Series A Preferred: 5,000,000 issued. (Series A are not convertible but simply maintain ownership rights of the company by having super voting rights.)
Series B Preferred: 11,139 authorized and issued. (These are convertible into common shares on a basis of 1 Preferred share to 2,500,000 common shares but are non-dilutive.)
Series C Preferred: 20,000,000 authorized and issued. (These are convertible into Common Stock at $.20 per share and have preferential liquidation rights at any time the owner, Tom Coleman, wished. These definitely can dilute.)
Common Shares: 5,560,000,000 authorized and 4,254,777,485 issued.
The stock price at that time was floating between .0001 and .0002 and no bid. Remember those days?
Now, $20 million Series C at $.20 equals $4 million if Tom decided to cash out although the company was/is only worth $400,000. With the pre-reverse split stock price at .0002 that would be an equivalent of diluting by 100 billion shares. Those would have basically increased the share count 25 times. (Read the death of the company and all our money world have been gone.)
Enter the reverse split.
The 4,254,777,485 issued Common are split 1:500 and become 8.5 million. The Series C preferred are converted into restricted Common to the tune of 80 million and added to the 8.5 million issued. Another 12 million were given to Tom as compensation in lieu of cash to manage Innovativ Media Group for 3 more years. That's a total of a little over 100 million common shares isued. Somehow the issued has since crept up to 123,724,670 as of Aug 11, 2016, a 23% rise.
So what would you rather have looming over your head as a common shareholder? $4 million in debt convertible at any time into cash with no recourse but losing all your investment, or, what we have now? Your answer is probably all of the money back that I lost when the share price dropped from .05 to what it is today, right? The problem is that you would have been invested in a basically awesome company with great production ideas, but zero capital to make it happen. And no larger investor to fund the production of MoM, or anything else for that matter, because of this $4 million threat to their investment. So we would have continued at .0001 or no bid with an occasional pump and dump to .0005 once every 6 or 7 months. But no value in the company.
Now, after the restructuring, INMG is in a much better position as a company to be a lucrative investment to outside larger investors because of the new share structure and because of using the investment you lost in the short term with the reverse split as funding for MoM. Yes, your investment was given to Tom to do what he felt was best to build the company and make MoM happen because, as a Common Stock shareholder, you now own part of INMG. It just cost us our short term investment. However this will go back up to .05 with MoM's release in October and investors, if they had left their money in as a truly long term investment (remember GLTA longs?), would get their investment back and more as MoM plays out and the stock goes above .05. That's what long term investing means.
Personally, I had 150,000,000 shares before the split (3.5% of the Common issued shares.) After the split, I instantly had 300,000 (0.27% of the Common issued shares.) I have no loyalty to Tom or INMG. I invest based on potential profits and I lose sometimes in the OTC. That's why I jumped out around .02. I went from $15,000 to $6,000 for a loss of $9,000. Now I'm back in with around 600,000 bought at .004. A $2,400 investment that if or when this gets back up to .05 will result in $30,000, minus the $9,000 loss and the $2,400 investment, for a profit of $18,600. If I just left my 300,000 shares alone, without averaging down, at .05 I'd still have my original investment of $15,000. But no profit. As much potential that INMG has as a business, it's still a risk as an OTC stock. So you either play it as a short term investment or a long term investment.
Tom, for the advancement of the company and it's survival, has played this brilliantly. But I'm still down $9,000! But hopefully, not for too much longer because his business plan has not changed. It's just taken longer to develope than we had expected. And for all of us who have lost a few thousand dollars, think about what Tom has sacrificed for the company. His $4 million in Series C Preferred Stock were converted to 80 million Common Shares in the reverse split and are now only worth $240,000 (80,000,000 * .003).
Just some thoughts on numbers...
If you look at the last short paragraph of Note 6: Stockholders equity on page F-10 of the last Annual Report dated 12/31/2015 it states:
"As part of a capital restructuring the Company intends to convert its Series C Preferred Stock into restricted common shares and to reverse split its common shares in 2016."
It was discussed at length but we thought it would happen later after the stock went to somewhere between .001 and .01. Totally caught us off guard. We burned him in effigy on this blog several times.
Yeah, those numbers were from March, before the reverse split.
Well, it's nice to see the "official" news out on the Lovecraft channel hit MarketWired this morning...
http://www.marketwired.com/press-release/innovativ-media-inmg-launches-premium-online-channel-hplovecrafttv-otc-pink-inmg-2153814.htm
Progress towards this has been slower than expected but this puts us on target for the October release of MoM. Probably won't be too much price fluctuation outside of .003 to .005 during September but it does provide a four to six week period to load shares while INMG is at approximately 1/10 it's expected value. Once the series takes off we should be at .03 to .05 if Tom provides some updates on how it's progressing. Otherwise we may have to wait until the quarterly shows the new revenue for that price range.
What could make this move significantly faster is if Tom is working on sales to a mainstream VOD service like Hulu or Amazon. He could be doing that now in preparation for the month of October.
Great points gogo. Thanks to you, SATELLITE, and the other INMG investors who have been here for a while, we've got some pretty good DD in spite of Tom's communication style. Although I've got the long term in mind with INMG (way in the back of my mind!), Tom's been a little bit of a non-communicator which kind of keeps me tied to his most recent business plan. He talked about MoM and getting us to .05. So I was waiting for that to happen before projecting out into the forseeable future. Then he freaked us all out by RS'ing 500:1 from .0001 rather than letting the stock go up organically to .001 or .002 and then reverse splitting at 50:1. So he's been a bit on the unpredictable side. But you are correct about MoM being a springboard to motion picture production, which is his background and forte coming from Atlantic Entertainment Group. Although I don't think he's mentioned motion picture production specifically in the business plan, part of the business plan was to fund outside productions and profit INMG by sponsoring the Motion Picture Finance Exchange while producing green screen immersive films based on Broadway theatre productions by means of the formation of New Broadway Cinema. That was supposed to utilize a 360 degree camera process with VR headset viewing tech that would put you in the middle of the action. That could very well change into actual film production of major motion pictures.
But who really knows when it comes to Tom. He's totally on his own wavelength and a little hard to figure out. The good news is MoM is finally here.
$INMG$ GLTA!
gogo, nice analysis and I'm hoping for the same, especially if the production costs are less, as you state. I really do think 300,000 may be a conservative number for subscribers though, and here's why. One of the main points that the Comic-Con panel emphasized was that interest in H.P. Lovecraft's works is really only a recent phenomenon and it is growing rapidly. This web series could just be the spark that's needed to expand that interest exponentially. The other plus for us is the comparison with the animated series Jonny Quest. That series, although produced in the 1960's and made into 30 minute episodes, went thru two decades of reruns. Then new episodes were created in 1986. There was even a comic book series based on it produced in the 1990's and talk of movie spinoffs. And check out this latest news dated just last week: http://collider.com/jonny-quest-movie-characters-and-rating-news/
Although MoM and JQ are somewhat like comparing apples with oranges, the interest in the animation style and the Horror/Adventure genre type story line will probably ensure MoM's survival well past the first year of production. If it does well on the web subscription initially, we may see sales to a Pay per view service like Hulu or Amazon. I think that's the direction that Tom originally wanted for the series and that's where the exposure increases dramatically.
The other thing about H.P. Lovecraft is that he was a prolific story writer. If you look at the H.P. Lovecraft webpage at http://www.dagonbytes.com/thelibrary/lovecraft/index.html you'll see a listing of the stories he's written. I count 65 in all. This may be why Tom picked one of his works, Mountains of Madness. There's no shortage of new material to expand the animation. And with the sanction of H.P Lovecraft-Ezine, it's all open to INMG to produce.
I, along with most others, totally slammed Tom for the RS. I still feel like that was totally the wrong move. It was probably a money issue. Who knows, it's water under the bridge now. There are definitely scammers out there on the OTC. But all to often legitimate companies on the OTC with decent ideas or product but not enough financing to carry it through to success resort to reverse splitting to try to fund their projects. Priceline is one company that preformed a reverse split after their stock went from $100 a share to $1 a share. Yes, the RS is typically the death knell for an OTC, but a few survive it. Priceline survived and went on to be a huge success. http://www.fool.com/investing/2016/08/23/priceline-reverse-split-the-biggest-stock-comeback.aspx I think maybe INMG was stuck in that boat for a while. Now that the series is a go from what we can tell, this should get us back up to .05 and beyond. At .05 we will be right back where we were pre-RS. But there will be a difference and that is with the share structure. Whereas there were billions of shares pre-RS, there are now less than 120 million and with the pps at .05, there's room for movement, whereas when it was at .0001, it went no bid many times. That along with this new revenue source should reward us shareholders quite well.
Could be company selling off shares to finance production of the MoM series. I believe they're over budget.
Here's the latest on Mountains of Madness from the Lovecraft-ezine magazine web site https://lovecraftzine.com/
"The Mountains of Madness series will be presented in approximately 30 episodes commencing in October 2016 with new episodes premiering and streaming each month throughout the year. Episodes ranging in lengths of 3-6 minutes will be available on an on-demand basis only to subscribers of HPLovecraft.TV as they are released along with all archived episodes and interactive features."
So it looks like the debut will be in October, not September.
However, something of interest to investors would be the following from the website:
"The Lovecraft eZine has over 240,000 followers and is a magazine, website, and small press devoted to weird fiction, cosmic horror, and the Cthulhu Mythos."
As followers of H.P.Lovecraft and his works, most all would definitely be interested in the Mountains of Madness series. When I went to ComicCon earlier this year, the panel discussing H.P.Lovecraft emphasized that there is great interest in Mountains of Madness in that community. If those 240,000 along with just a conservative number of 60,000 curious newly interested ones were to subscribe to the HPLOVECRAFT.TV channel for the $20 annual membership, that would almost instantly infuse $6,000,000 in revenue into the coffers of INMG. The production costs were supposed to be around $2,000,000.
As of August 11, according to OTC Markets, the Market Value of INMG was $371,174 with an O/S of 123,724,670. That's a PPS of .003, right where we're at today.
Now add $4,000,000 to the Market Value.
That brings us to a PPS of around .035 not including investment enthusiasm that usually adds to the pps when an OTC company turns out to be a moneymaker. Something else to consider based on a successful web series is if the web series garners the attention of Hulu, Netflix, Amazon and the like. And we haven't even considered the other revenue sources that Tom is planning to bring to INMG that are highlighted on the InnovativMedia website:
VOD Movie Guide
Film Finance Exchange
New Broadway Cinema
But it all starts with Mountains of Madness, which is what Tom has been saying all along. It's just been his timetable that has been off and not due to a laxness on his part, but due to financial constraints. But it is good to finally see some light at the end of the tunnel that is not the oncoming the train...
It seems that way but the main reason this stock hasn't progressed is because the company has a funding issue. The current production of Mountains of Madness is pushing the "over budget" margin. It doesn't mean that it won't be produced. In fact, the first three episodes are in post production for next month's release on a pay VOD website. But the funding issue is more than likely the reason why the June release has been pushed to September and the stock was reverse split a few months ago. Several of us have been here for well over a year and have been watching events unfolding very slowly. On a positive note, the pilot episode for the web series actually looks pretty good.
INMG has had its moments when hype has pushed it above it's average trading range momentarily, but it's always been hype and not anything substantial like new revenue. The existing revenue sources have been floating this stock and will continue to do so without any new revenue sources since INMG's start last year. That appears to be about to change this next month, finally. We'll see...
Actually, unless another RS occurs, the value of the stock because of the consistent revenue ($50k per quarter) should remain at least in the .003's.
I do know that the Mountains of Madness production is costing more to produce than originally budgeted. So trips? I don't think so. But it could test the high .002's.
Someone bought 303,985 shares at .0044 about 7 minutes after the closing bell today. This week should be interesting as to whether Tom starts the PR on the new website and series rollout early, since the cat's out of the bag, or if he waits until the originally planned rollout on Monday. That is if he was planning on a PR.
Of course Tom's never been big into the PR except when it comes to the quarterly filings. But maybe he'll come through for us shareholders on the social media networks like he previously posted he would.
Whatever the case, it's too bad about the most recent hype/pump on the 12th of this month with regard to the earnings. If that would have been combined with this new rollout of the series, we would have gone to between .03 and .05 in a heartbeat and stayed there. Instead, many would be investors who jumped on the .006 to .0099 bandwagon are probably timid about reinvesting in the ticker that just burned 'em.
Timing is everything...especially when it comes to PR.
Steve Sloan at Sloan Pictures, the one who is making the web series in partnership with Tom, also mentioned that Jonny Quest was a huge inspiration for the Mountains of Madness series. He then stated that due to the time and money already spent on the production that it is WAY above its weight class for an independent web-based series.
Sounds good to me. I sure hope I can get my hands on some more cash to buy another mil or two before this debuts in September.
Just emailed Steve with Sloan Pictures and it seemed they jumped the gun on the web page by mistake. It wasn't supposed to go online til the 29th of this month. Guess they'll be PR'ing this over the weekend.
Time to load...
This is what we've been waiting for. That hype on the 12th that caused the jump in the pps was the same old news that comes out every quarter with the release of the quarterly report. I'm surprised so many bought in to that without a corresponding release of any production material.
THIS IS REAL NEWS. It's all about production and finally the MoM series we've been waiting on for 9 months. We finally have the product that is INMG's new revenue generator.
If you want to see this succeed, you've got to go to the HPLOVECRAFT.TV website and sign up for the $20 annual subscription fee. Look at it this way everyone, you can buy $20 worth of shares (at .0045 that would equate to around 4,500 shares), OR, you can subscribe for the same $20, get to see the series that we've been waiting so long for, give the HPLOVECRAFT channel the subscriber boost it needs that Amazon, Netflix, or Hulu will be looking at to see whether they want to include the Lovecraft Channel and MoM on their service, and cause your existing shares to go back up to .05 and beyond. There's a disclaimer on the HPLOVECRAFT.TV channel that says if they don't get enough subscribers they will refund your $20. How can we lose???
Same here. The animation is old school Johnny Quest style. I think that the coffee shop scene where he has a flashback and spills his tea and apologizes to the waitress and she kind of rebuffs him and shipboard scene when the young assistant is all excited about the mission and the professor tells him to get out of his room is more adult and edgy style. I think adults are going to like the older annimation style and the more mature dialog. I think the target audience was older teens and adults all along.
What do you think about the $20 yearly subscription fee. That's only $1.67 a month for 3 episodes each month. Not bad. Less than a tall Starbucks coffee per month!
Any thoughts on the pilot episode?
Good News! Finally, we've got movement on the new H.P. Lovecraft channel. If you go to Innovativmedia.com and scroll down to Media Assets, you'll see the HPLOVECRAFT.TV channel link. If you go there you'll see a brand new web tv channel (HPLOVECRAFT.TV) that features a 5 minute pilot episode of the Mountains of Madness series.
Apparently, the first 3 episodes appear to have been completed and are now scheduled for release in September (next month) with 3 additional episodes each month after that. It appears that Tom and his partner production company, Sloan Pictures, have come through on their business plan.
We can only go up from here!
Go Innovative Media Group (INMG)
Yes it will. It's just a question of time now. It may not come until the end of the year though. Gotta hang in just a little longer. These PR's like today's are a two edged sword. It's great that we see interest and some movement in the pps but without the revenue or literal progress in the business plan it just deflates back down and then those who bought in at .007 - .009 get burned and are less likely to buy back in when the news is legitimate and of substance.
It was actually bouncing between .0001 and .0002 while we were waiting on the release of the first 3 episodes of "Mountains of Madness" on what was supposed to be a new web channel on a provider like Hulu or Netflix. All of a sudden, Tom RS'd (1:500) INMG up to .05. That in itself wasn't the problem. Everyone's investment was still worth the same. The problem is that he increased the amount of common stock from around 8 million (4 billion divided by 500) up to 111 million without increasing revenue. So the stock plummeted from .05 to .003. So it's true value is (8/111)*.05 which put us at around .0036.
That's where we've been at for several months while we've been waiting for the web series Mountains of Madness to come out. It was projected for end of June. Now we're looking at August or later.
The news we got today on the "record financial gains" is the same news we've gotten every financial report since last year. They keep comparing it with the quarterly reports from before INMG formed from another previous loser stock. The bottom line is that INMG gets around $50,000 in revenue a quarter off its library of videos. So they're comparing apples and oranges. If you compared this latest quarterly report with the previous one from last quarter, you would see barely any change. The other problem is that he's quoting "unamortized" revenue. Every month, INMG's film library contracts become worth a little less. They're amortized, just like a loan. Eventually they'll run out and Tom will have to try to sell them to another vendor.
So, until Tom provides revenue from a new source, we're not going anywhere.
Hopefully his web channel will debut soon.
The financials are pretty much unchanged since right after the RS. The talk about the web channel is encouraging but right now it's just that...talk. We all know that's the direction INMG is going. The actual value of the stock is still in the .003's. When Montains of Madness is finally released (maybe by EOM) and the web channel to host it is established, we'll get an actual value increase but the revenue won't appear until the following quarter.
Check back on the price on Monday.
The financials are pretty much unchanged since right after the RS. The talk about the web channel is encouraging but right now it's just that...talk. We all know that's the direction INMG is going. The actual value of the stock is still in the .003's. When Montains of Madness is finally released (maybe by EOM) and the web channel to host it is established, we'll get an actual value increase but the revenue won't appear until the following quarter.
Check back on the price on Monday.
Nice to see a bump today. Glad I increased my holding at .003 and .004. But easy guys, that earnings report is comparing itself to last years earnings and is almost a carbon copy of the last 3 quarterly reports. We're still the same at around $50k per quarter. But at least we're maintaining earnings. What interested me more was the info on the new web channel coming this quarter. That's where Tom is putting all his eggs right now. If that pans out we're going up over .05 easy.
Well, it may not make it back up to .05 but like Big A said, it's an opportunity to, at least from this point on, buy and sell a few. Right now it's gone back up to .005. Tomorrow it'll probably slide back down to the .003 or .004 range. Who knows. It probably won't do too much higher than this range (.003 to .005) until MoM comes out, and that's anyone's guess.
But you can make a little money back in the meantime if you play it like what it is, a penny stock. This is an opportunity though to make substantially more if you you're patient, can grab a few hundred thousand shares and can wait until MoM is released.
I don't think it will be like we thought it was originally going to be because Tom has set himself up as a small time player by RS'ing. But there's still some potential here. Just don't expect too much.
Big A, I think that even though a lot of us got burned on this by investing too soon, now may not be the time as far as the release date goes to invest in INMG, but it is the correct price range to come back in at. There's finally been some movement on the addition of MoM to the Lovecraft website. I'm still not quite sure how Tom plans on marketing it. I see it's made it's way into the Lovecraft ezine web magazine page. So there is some progress and a few more slides of the animation.
I believe that if you can get your hands on anything in the .003-.004 range you'll be good to go once MoM gets released. The existing assets are enough to hold the value at this level. The release should be within a couple months if they're still holding to the "summer" release.
https://lovecraftzine.com/2016/06/27/at-the-mountains-of-madness/
I'm still holding off on buying in to the tune of what I was in it before the RS, so it's kind of a wait and see at this point.
Thanks chaka. I got hit too. I did manage to pull out when the price went to .025 after I finally figured out that there was no support. When it got down to .003 (it's true retail value after the RS fiasco) I bought a few. I can't see it doing anything but waffle between .003 and .004 until MoM gets released. It'll definitely go up although I do agree with most on the board that .05 will be a reach. I'm looking at it this way. I lost 50% when I sold at .025. I bought back in at .003, so if it goes to .006 I've recouped some of my losses. Not all because I haven't put as much back in. But when (If) MoM gets released, we'll probably hit .02 without too much difficulty. But I'll wait until it gets released before I put any more funds into this thing.
Thanks chaka. I got hit too. I did manage to pull out when the price went to .025 after I finally figured out that there was no support. When it got down to .003 (it's true retail value after the RS fiasco) I bought a few. I can't see it doing anything but waffle between .003 and .004 until MoM gets released. It'll definitely go up although I do agree with most on the board that .05 will be a reach. I'm looking at it this way. I lost 50% when I sold at .025. I bought back in at .003, so if it goes to .006 I've recouped some of my losses. Not all because I haven't put as much back in. But when (If) MoM gets released, we'll probably hit .02 without too much difficulty. But I'll wait until it gets released before I put any more funds into this thing.
Well, the "post production" phase for episodes 1-3 is a good sign. Looks like summer will be the release date.
It's about time Tom put a PR out that mentioned Mountains of Madness.
I think we'll probably see a stabilization in INMG's stock price now. The .003 to .004 range (.005 is a little high) is about right considering Tom added over 100 million to the issued as part of the RS, making it 11 times less valuable in the process. Yes, those common shares may be restricted, but they're still part of the issued. However, the company is still receiving royalties from its film library at the rate of approximately $50k per quarter so the base income is still reliable and steady.
The damage has been done by the RS. Unlike most stinky pinkys that RS because there is no other source of revenue for the criminal CEO, INMG does have revenue. It's just stagnant. If more begin to buy back in we may see this climb a little bit, but probably nothing significant will occur until Mountains of Madness is released, if ever. Hopefully it will be before the end of summer, but I have my doubts. I hope I am wrong.
That's what I hear too. I hope it happens but man what a crappy ride getting there.
Wow. Dipped down to .0021. Crazy how this went from the stock du jour to a dud.
I'm not going to look to get back into this until MoM is released. The fair valuation is probably pretty close to .003 so you can probably expect the downward trend to continue. If Tom begins talking out loud about non-material gains and that INMG should be back at .05 soon, in other words, nothing about concrete production going on, better run for the hills. My guess is that he knows exactly what he just did to the shareholders and will remain quiet for a while. If he had something worthwhile, he'd be touting it.
Yeah I thought we had something good here but the comparison with GBGM is too close for comfort. Who would have thought a guy like Tom Coleman with all his experience and suppoded professionalism would have resorted to the typical pinky shell game.
I agree with you that it may be time to buy, however, why would this, or any stock, drop 90% on low volume? It's because Tom's 100 million shares, even though restricted, are still included in the Issued along with the float. The stock was valued at .0001 with 3.4 billion shares Issued. With the RS (1:500) it became 7 million at .05. But then Tom added the 100+ million to the Issued to bring it up to 111 million. With no added production or revenue from the company, the stock immediately was only worth 7/111 of .05.
That works out to around .003. We're fortunate to be at .006 on speculation. However, until Mountains is released forming a new revenue stream, I wouldn't expect too much.
I got word that there will be no release of Mountains of Madness in June now. Steve from Sloan Pictures, who is co-producing this project and the actual studio that's making the web series, told me through an email that it might be done sometime in the summer. But not in June. I pressed him for a release date and he said, "When it's done." He said that he and Tom have had all kinds of issues creating this and that he's been working on the concept since 2009.
I used to be one of the promoters of INMG but I've had to rethink my strategy on this stock. So far, it looks like for whatever reason, even with the money they got back in July, 2015 which was supposed to be enough to fund the first three episodes with an expected finish date in the fall of last year, the only thing they have to show for it is the 45 second trailer that's only one scene. I don't know what problems they're having but it doesn't make much sense why an animation should take so long.
I'd love to be positive but with the delay in the release date, another red flag has popped up. Ugh. This is the only news that I've heard and it's straight from the source. Does anybody else have any news?
Never mind. I found it at http://mountainsofmadnessmovie.tumblr.com/
Take a look at that page and you'll see that it is an absolute joke. It looks like the previous facebook page that is now gone. Nothing but a couple of old pictures from other sites. This is supposed to be an updated facebook page? There are a grand total of four posts in the last year. Two of them are links to the old MoM facebook page that has been removed. This page looks like something that a 10 year old might have made. Come on, can you take a look at that page and honestly tell me that this is a legitimate page produced by a professional media corporation?
I've also emailed Sloan Pictures and just received a reply as well. So far, Steve with Sloan Pictures (co producing Mountains with Innovativ Media Group) is hoping for a release date in the summer, but I wouldn't hold my breath. So, the release date is no longer June.
Here's one of the two posts from the facebook page and it's from June 2015:
"We're changing direction on the project and re-working "Mountains of Madness" the feature film into "Mountains of Madness" the serialized web series.
Much is still to be worked out. But we've already secured funding for an initial 3 episodes. Work on the series will hopefully begin before the end of the summer, and we'll have something more concrete to show you in the fall.
Thanks for all of your support. We were overwhelmed with positive reactions last year and are incredibly happy to be able to move this project forward."
If they had the funding a year ago, why is there not even a trailer that you can view? They were supposed to release the 45 second trailer from WonderCon that was just one short scene (not a typical trailer that gives you an overview of the concept) and that was back in March.
A lot of investors have lost most of whatever they invested in INMG. and it can be laid at the feet of one person.
Tom Coleman
I'm trying to get on the facebook page and it says it's been removed. Do you have a link?