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Definitely
Tonight's the night fellas! Mountains of Madness clip preview and the H.P. Lovecraft review panel. Big times ahead for INMG hopefully!
Thanks Pitt!
Anybody got the numbers on how many were sold yesterday?
The way I figure it, if he's there, great. If not, the main thing is the release of the clip and the panel's and audiences' reaction to it, along with any q&a afterwards.
Yeah, hopefully it'll be some good news.
All of you thinking of selling, at least hang on to Monday. I'll post the results of Friday's Mountains of Madness clip preview at WonderCon on Sunday in the early afternoon PST. If you don't think the clip is up to par then do what you need to do, but this close to the release and with Tom banking on this being a decent animation with a great storyline, give it the benefit of the doubt. You've been holding this long, what's a few more days, right?
I think it'll be worth the wait. Don't worry if this goes no-bid again this week. There just isn't a lot of interest right now. that will change.
Yes. Good questions.
All we have to do is make it to Monday. Tom's no amateur when it comes to film/video production. I've got a feeling that Mountains of Madness will turn out to have a cult following. It'll probably sell pretty good in Asia too.
A little action now. Finally a bid. This should be the last week at .0001. Filling my .0001 orders before the weekend...
Picked up another 4 million at .0001
I'll give it a try but I've tried to contact him before and have not had any results. We'll see.
Absolutely. That's probably the most important question for Tom that I will have and one that he can answer without worrying about leaking any insider information. I'll be bringing up the need for more communication with us as shareholders along with a question on when he is planning on using the Twitter social media to keep us abreast of what he feels is important.
That way if he has handed that off to someone else already, he'll know that they are not doing their job.
Well, according to OTCMarkets, INMG has 3.3 billion on the float with only 76 shareholders. Now the shareholder number may be off somewhat but the float is pretty close. That means that each of those 76 shareholders would have to own close to 44 million shares to lock the float. I doubt that most have that many so to get this thing to move we're going to need a lot more investors and Tom will probably have to retire a significant portion of the outstanding shares.
With the release of the "Mountains" clip on Friday at WonderCon 2016, I think we'll pick up more investors and probably a lot more looky loos that won't invest until they see this thing hit .0002 again or .0003.
.0003 will be the tipping point to a momentum play and if the clip release is any good, this may see .0006 by EOM. At that point it's going to take the release of the movie and it's revenue stream to push up the pps past .001.
I'll be at WonderCon 2016 on Friday and will put together a video of the H.P. Lovecraft panel discussion regarding MoM if I am able, otherwise I'll take good notes. The MoM movie clip will also be released on the MountainsofMadness Facebook page so depending on the quality of my phone camera, you'll definitely want to view the movie clip there.
https://www.facebook.com/mountainsofmadnessmovie/
Finally, if I see Tom Coleman I will try to squeeze out any current info from him that I can. I believe he likes to hear his voice based on his past pr's being interview based so I'll ask him if I can do an update video interview with him that I'll post here on iHub.
***IMPORTANT***
If you have any questions (within reason) that you want me to ask Tom please post them to me here as a reply to this post. Remember, he probably won't be specific about details on the proposed rs or any other insider info, but at least we may get a little more pr.
At the minimum, if Tom's not there or decides not to answer any questions, we'll get the panel discussion and the audience reaction to the MoM movie clip release. Since the panel discussion is set for this Friday from 8:30pm to 9:30pm and I'll be busy on Saturday, I won't be able to post the results until Sunday around 2pm PST.
If the video clip is as good as I think will be next week should see the start of some movement.
Check back in at the end of the week.
When they sold off the sports fantasy assets during the INMG/GBGM transaction in July, some of the proceeds were in the form of securities that INMG owned in that company (stock in the company that manages those sports fantasy assets) with a face value at the time of $120,000. That has always been carried forward on the balance sheets as an asset, but not recognized as a cash revenue. Otherwise the annual revenue would have been $218,000 instead of $98,000. Tom has been waiting to sell off those shares, either preferred or restricted common, probably because of the restriction date. Those assets may or may not be owned by Singlepoint who has been buying up sports fantasy companies. Tom may be waiting for Singlepoint's (SING), or whatever company manages those assets, stock price to rise to a certain level before conversion and/or sale.
So when that happens we'll see that cash plus any profits from the liquidation go into the revenue column. Right now, SING's pps, after a decline from Sept 2015 thru Jan 2016 (from .009 to .005), made a huge jump in Feb (up to .012) from a proposed joint venture in Asia with HotDeal Asia Limited which would launch a daily sports fantasy enterprise throughout Southeast Asia. Since then, SING has settled back down to .009 and is back on the uptrend, recovering to a little above where it was back in July when the INMG/GBGM transaction occurred. This is speculation at best because I don't believe Tom mentioned the company that ended up with those assets. But there is some connection between INMG and SING on the Uptick Newswire website.
From what I could tell from the interviews Tom gave, his primary focus is niche web channels. So his first web channel is the H.P. Lovecraft channel. Lovecraft has a pretty large following even though his novels and short stories were written around the turn of the 20th Century. So Tom needed a great story to debut the channel. Hence Lovecraft's Mountains of Madness. As far as I know, other production companies have considered doing it but it was too expensive as a live action movie. The only way to do it justice in that format would be to film it with a star wars type cgi. Expensive. Enter animation. The profit margin is around 35 percent or better depending on who you can get as voice actors and the style of animation. Plus, you can do a lot with animation much easier than with live action. Remember too, we're talking a worldwide audience.
And Mountains is probably one of many productions that Tom is gearing up for.
That's definitely on my list.
Well, I know he won't give out any insider info so if there is an RS in the future for INMG he probably won't say when or what target pps would trigger the RS. If he's there and talks, I'll get what I can. It seems like Mountains is a done deal so he'll probably want to talk about that which is good, but I'd like to know about the VOD search engine and the New Broadway Cinema progress.
Whatever I can get, you guys will be the first to know about it.
Yeah, that's what I found too. Thanks. I wonder how long ago that picture was taken. For sure if he's there I've got a few questions for him.
Oh yeah Jerry, and I'll tell you something else...hopefully this will be the match that lights the fuse!
Yes. I'm hoping that, not only will he be there, but that the discussion panel will invite him up to say a few words about the project and his plans for future development of the Lovecraft web channel.
Should be interesting. Hope it will generate some outside interest (other than just this board) as well. I'm hoping to see some Innovativ Media credits for the trailer displayed. Would be an awesome pr plug.
Ha! Same one I came up with. Thanks!
Never mind. Got it off wikipedia.
https://en.wikipedia.org/wiki/Tom_Coleman
I'll definitely be looking for him. Anybody got a link to a pic or photo of him?
Just confirmed my ticket purchase for Friday. I'll be there for sure.
Big News this week. This Friday (3/25) will see the release of the Mountains of Madness trailer at WonderCon at the Los Angeles Convention Center, Room 515B from 8:30 to 9:30pm. This will be a big step forward for INMG. And by the way, if you happen to check out the floor plans for the convention center you'll find many meeting rooms on the second level. Room 515B has a theatre type seating capactiy of 650 people! It's definitely one of the largest rooms available at the CC.
http://www.imapenterprises.com/lacc/welcome.php
(Click on the second level. Room 515 is to the extreme right. If you click on the room, the seating capacity will show below the floor plan as 1300. Click on the [A][B] to split the room and then click on the [B] part of the room and you'll see the seating capacity.
They must be expecting a fairly large group for the H.P. Lovecraft hour discussion. Those rooms are not cheap. The more space you reserve the more the $$$. I live near the CC and am hoping to get over there to check it out. If I can make it, I'll video the MoM portion of the discussion and upload it to YouTube and put a link here.
Que?
I still see VGTL on OTCMarkets and MarketWatch. Not much going on other than wallowing in the mire down here.
I think the rs is Tom's statement of intent to shareholders that when this gets to anywhere between .01 and .05 he's planning on rs'ing up to .20. You'd think Tom would be trying to figure out why the pps hasn't done anything yet and addressing that but I really don't think he's concerned about that right now. I think his attention is on the upcoming release of MoM and possibly on the VOD search engine. His silence up to this point has been disconcerting to say the least. But it's possible that his timetable for production is moving along satisfactorily in his eyes and therefore the ship isn't broke. Tell that to those who sold to the tune of 500 million shares recently who thought otherwise.
The only thing I can think is that, at least for him, the second quarter will change the face of INMG, or at least start the ball rolling. He must be pretty positive about that or we probably would have received some sort of pr or another interview by now. Now that he's got MoM about ready for it's debut and a preview at the WonderCon in LA lined up, I think he'll start focusing the other new revenue producing projects he mentioned in the previous interviews.
If you asked him right now, "What about the lousy pps?", he'd probably just shrug his shoulder and say, "What about it?"
Will he care about it? Yes. After all he's the one who estimated the pps should be at .05. Could he rs right now? Sure. But why would he? He's got a nice revenue stream and it's about to increase substantially. If he doesnt need the short lived cash from the rs, why would wreck the stock like that? Innovativ Media Group is his baby. It's too important for him to see it succeed.
Yes, that is true. Is there a way to determine when the next annual meeting of the corporation will be?
There are two glaring exceptions to that. The first is the duty of care. Has Amilya been negligent? Has she neglected her duties as CEO?
Definition of Duty of Care has nothing to do with informing shareholders, which is what I was addressing. However, since you brought it up specifically, there is no way for shareholders to tell if she has been negligent. That's for the SEC to decide. And besides, Durante acted in a fraudulent and negligent way for years and no one was the wiser. Negligence is something that an authority having jurisdiction, like the SEC, has to suspect and investigate, not shareholders.
Fiduciary Duty of Care
In a corporate environment, both officers and directors are expected to use appropriate care and diligence when acting on behalf of their corporation. They should exercise reasonable prudence in carrying out their duties to achieve the best interests of the corporation. An officer or director may be held personally liable for failing to exercise reasonable or ordinary care under the circumstances. For example, a lack of due care may be shown when an officer or director fails to undertake a reasonable review of a corporate matter, to regularly attend board meetings, or to adequately supervise staff which ends up damaging the corporation.
Under the business judgment rule, an officer or director may not held liable for business decisions made in good faith and with reasonable care that turn out to harm corporate interests. The courts will defer to erroneous business judgments, provided that the officers or directors did not show gross negligence in their review and decision-making process. Without this rule in place, many individuals would be unwilling to serve as officers and directors and business people might be reluctant to take commercial risks that could benefit a corporation in the long run.
The second point about filing I've already touched on. First get the financials in order. That's taking time due to having to retrace the finances all the way back to when Durante took majority ownership in VGTL and fraudulently used VGTL investor's money as a personal piggy bank.
There is one thing that I would like to know and that is when is the annual meeting that shareholders are invited to? That way it could be determined if she was still acting as CEO.
And also I think many are waiting to see what happens with the Mountains of Madness web series. If it shows good revenue potential, which it should, then this will move. We're not going to know until we get some feedback from Tom (unlikely unless he starts his promised "Increased Investor Awareness" program), the Q1 or Q2 filing, or the Facebook page: https://www.facebook.com/mountainsofmadnessmovie/
The following are the 5 fiduciary duties of the officers of the corporation:
1.) Fiduciary Duty of Obedience
2.) Fiduciary Duty of Loyalty
3.) Fiduciary Duty of Care
4.) Fiduciary Duty of Good Faith and Fair Dealing
5.) Fiduciary Duty of Disclosure
Obviously, the 5th one, Duty of Disclosure is what interests us.
Candor in business discussion is important between officers, directors, and shareholders so that they may assess material risks and make informed decisions. Full and fair disclosure of material facts is essential before seeking board or stockholder approval of major corporate business transactions, such as a mergers with or acquisitions of other companies. As part of their duties of loyalty and care, officers and directors should also disclose any potential conflict of interest that may arise between their individual interests and those of the corporation.
VGTL is delinquent in it's filings, however that may be due to the ongoing litigation and SEC investigation as they try to get an accurate financial picture of the company and a timeline of the director's activities and any possible involvement in illegal activity. But short of that, there is nothing in the fiduciary duties of the CEO that requires any disclosure or discussion with the shareholders of where the company is at, what is going on with their stated business plan, or any updates regarding the last 8-K, with the exception of disclosure of facts relating to a major corporate business transaction that would require stockholder approval like a considered merger or acquisition.
Material execerpted from:
http://www.nolo.com/legal-encyclopedia/fiduciary-responsibility-corporations.html
Probably the Total Assets of 2,760,652 divided by the 4,254,777,485 common shares issued.
Answer: .0006
Wish it were that simple. Unfortunately it has to do with net income.
Is that something the moderators on this board could do?
Moderators, is that possible?
That is true too.
There's two different ways you can look at INMG.
1.) As a penny at .0001/.0002 that's been there for some time and that now indicates it will RS and a CEO that's silent. A recipe for failure.
2.) As a legitimate company with a solid revenue stream that is developing new entertainment media to add to that revenue stream. Also, as a company with a CEO who has a lot of experience in the entertainment industry having started and ran the Atlantic Entertainment Group from the 70's through the 80's and knows the ins and outs of how to get entertainment produced. In addition, he knows the distribution direction that modern entertainment is moving and is ready to exploit it. As a company that not only has film/video assets but is also expanding those while developing an entertainment search engine akin to a cross between Google and TV Guide.
The reason it's stuck at .0001 is because most of those who have looked in on INMG look at it from the standpoint of number 1 and Tom Coleman is the world's worst communicator of a publicly traded company. Period.
If you look at it from the standpoint of number 2, you're counting on the production and revenue continuing and eventually it will overpower the negative sentiment of number 1 and our silent CEO. It's just too early in the development of INMG for the pps to reflect the true value of the company when battling against those anchors.
But it will.
And that's a fact, Jack.
Catalysts:
1.) Mountains of Madness trailer showing at WonderCon/ComicCon at the Los Angeles Convention Center, Room 515B on March 25 between 8:30PM and 9:30PM. This will start the public awareness and interest in the MoM production.
2.) Q1 quarterly report due by middle of May should have some information regarding the Mountains of Madness production and possibly distribution and licensing if that can occur before the end of this month. Otherwise, it will be on the Q2 report. Q1 will also continue the excellent revenue trend that began in the second half of 2015.
3.) Q2 quarterly report due by middle of August should include and/or continue the distribution/sales and licensing of the Mountains of Madness production, possible completion and initial deployment of the VOD Search Engine, and some information on the development of New Broadway Cinema.
As far as the pps, it's hard to say because by now we should have seen something above .0002. I would agree that .05 within 3 months is way too optimistic. Remember, the release of the Q1 quarterly is still 2 months away and that will only only show us revenue up to the end of this month. That may or may not include Mountains of Madness. We will hopefully see a pps somewhere between .001 and .003 around the release of the Q1 fins in May. But once the various projects mentioned come on board the pps should rise based on revenue and positive feedback from the MoM production. We should begin to see .01 to .02 sometime around the release of the Q2 fins.
If we can be at .01 by the release of or as the result of the Q2 finacials, this will be a momentum play based on revenue and it should climb towards the .05 mark by the end of the year, earlier if Tom engages in PR. Getting attention on INMG will be Tom's responsibility so hopefully he'll get the PR in place to assist with that. My only concern with Tom and PR is if he were into PR we'd have had it by now and would probably be sitting at .0004 or .0005. I hope he plans on being at the WonderCon in L.A. for the trailer release, but the way he's been I doubt he'll be there. It would help, but it's not absolutely necessary.
Anyhow, that's my two cents.