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We're all looking at the catalysts that will propel INMG's stock price higher. There are many.
I'm a contrarian, so I also like to analyze potential downfalls. Nothing is guaranteed, we all know that. There might be something out there that we're not talking about that will spell INMG's failure. What is it?
We talk about many of INMG's attributes; share structure, CEO ownership, float, MJAC, etc. We talk about financials, revenues, and the immediate value of this platform in the marijuana space. All good! Short-term, these are all things that will put money in our pockets. Long-term, however, is a different story...let me explain.
One thing I like to dig into is the business proposition. INMG is building a media platform for marjuana users, educators, advertisers, etc. They are building a catalog of content that should be compelling to these users. However, there is one glaring thing that could spell trouble for Tom. There is no "moat" to this business. It's a low overhead internet streaming service. Ad and subscription revenue will be generated. ANYONE can get into this business on a shoestring budget. The difference, long-term, is content and branding.
Tom has to provide content not available anywhere else, and being first to the market will have the best opportunity to become the recognizable brand in this space. If Tom does these two things, he can weather the storm from competition, and he's Facebook. If he doesn't do these two things, this company will be lucky to be in business in 3 years, and he's MySpace. As other companies crop up, ad revenue will be the first thing to go as it's the only way to get and keep customers in a competitive environment.
There has to be some very creative ways to monetize the viewer base. This is what I expect to hear from Tom.
Hate to see you go. But I understand. Why bother spending time anywhere that you are not respected? Respect is a two-way street, and I've not seen you be anything but respectful, even to those baselessly calling you a liar. I'd like to think that you can ignore the blockheads and stick around.
I don't make excuses for anyone, but this accumulation phase is tough. Traders are buying and trying to hold, but it goes against their nature. They see someone selling, and their personal accounts dropping, and they assign blame for the paper losses to the guy that's selling. They start to question why they're buying and holding when they could trade it for profit. That's their comfort zone.
It's tough, but the harder part will be holding on to a position that has gone up by 500-1000%, because there might be more available for being patient. This group needs that kind of perspective if we're going to make real money on this stock. StockRocket and Camelot both present that position, so there's common ground to work with.
I hope you'll reconsider, you've got a lot to add.
Why does someone selling into dips have to be clueless? You don't get this social contract thing, do you. IHUB and polite society insist that we all be respectful. We'll have to work on that.
Fair point, why save a penny when it's going to 50 pennies? For my purposes, I don't like to overpay for anything. If patience gets me a better price, then patient is what I'll be. Like everyone else, I do the share math. "I can get another 150k shares for under $2k if the price drops to 013..." I have shares in my account that I paid 025 for, but that was on a dip to 025. With no volume catalysts coming up before MJAC, there are plenty of dips.
I've got way more invested in INMG than a value investor like myself would normally dump into a penny stock. I'm all in on the INMG story. I'm also in agreement with Camelot's estimate that INMG will be over $1 in the next year. Revenue will drive that. If Tom can successfully monetize this platform, he'll be swimming in cash. I don't want $1/share, I'm greedier than that, I want dividends. A constant flow of cash into my account because I had the foresight to invest in a little cash generator before it cropped up on anyone's radar. 2.25 Million shares paying out even 10 cents annually will do!
If someone wants to sell me their future dividends, I'll buy them with a smile and a handshake!
dadeano, you make a very important distinction here. I think it has a lot to do with why people are angry about others selling.
INMG is truly a long-term play and requires a long-term view. But, it is a penny stock and this space is occupied by penny stock traders. It takes a much different mindset to buy and hold. If this play is truly a "high conviction trade," then you can't watch the daily charts. That will drive you buggy, and ultimately it will drive you to sell the stock if you keep looking at your balance and it falls 3 or 4 sessions in a row.
This is easy for me. The story is clear, the buying opportunity is still great. I picked up another 200k shares Friday morning. Major catalysts are merely days away. CEO owns 45%. INMG is first to market. Stable financials. Quality share structure. Float under accumulation. It's operating in the marijuana space. Low, low overhead business. And the biggest kicker? NO ONE KNOWS ABOUT IT YET, VOLUME IS ABOUT TO GO THROUGH THE ROOF!
I'd sell a kidney if INMG dropped down to 005 before MJAC!
I don't care what he does, but he's stupid for doing it. You should keep such unkind words to yourself.
You don't know why he sold some shares. Maybe he had to raise some money to take care of his sick mother, or some injured bunnies. Whatever his reasons, he didn't need your approval to do it.
Volume selling pressure is part and parcel to the pinks. Are you angry that a stock that will be $0.50 in a few months, making you a multi-millionaire, trickled down a little bit before any major catalysts have hit? That doesn't make any sense. If you are truly long, then you should be happy for the buying opportunity.
Don't take a long term view and then cloud it up emotionally with daily price movements. In buy and hold investing, we call that "noise." If you're going to buy and hold because "I know whats coming and what I own..." then why do you care what the price does today or tomorrow? If it dips, buy it. That's a good thing.
Sorry SeanP! I'm trying to cut down.
Just don't like bullies. Can't abide by them, and there's only one way to deal with them. There's enough room here for everyone to do their own thing. Whatever it is you want from INMG, I hope you get it in spades!
You're deflecting. And your opinions about what anyone else is doing with their money still are not relevant.
You owe the 17 million share guy an apology.
People do things with their INMG shares that upset you so much, you call them legless, toothless clowns. That's a lot of anger, I'm just trying to figure out where that anger comes from. Lots of people, with two legs and a mouth full of teeth, trade their portfolios. Get over it.
And why do they have to be clowns? You can have hateful opinions, but you should probably keep them to yourself.
"BS petty profit taking."
You don't get to decide for everyone whether they should buy, hold or sell. Your opinion about the decisions of others isn't relevant.
Besides, you could say the same for any investment. If everyone did things a certain way, we'd all have a better idea of our outcomes. But we don't, because we deal in MARKETS. Here there are buyers, sellers, traders, flippers, shorters, holders...every investor has his/her own strategies and ideas about what is in their own best interest. The truth is that they won't all make money. Some will cash in a little, some will cash in a lot. Some will only pay tuition and hopefully learn some costly lessons.
I think I speak for just about everyone when I say that I don't consider StockRocket's wants, needs or desires when I invest my hard earned dollars. You are nowhere near that thought process. While I agree that this is a buy and hold opportunity, I can't fault someone like the 17 Million shareholder guy who sold 4 Million shares. If he sells the balance at the same price I sell my shares, he still makes nearly 6 times more than I do. I shake his hand and ask him how he re-invested the 4 Million INMG shares. I don't call him a liar. He doesn't owe you or anyone here an explanation. His money, his call.
It is not reasonable to demand of others to invest their money the way you think they should.
I'm with you on the profit motive. My investments, too, are quite varied. Longs, shorts, put sells for income, dividend growth stocks, cryptos, etc. I dabble in this world of penny stocks.
Perhaps you can tell me why someone who sells his shares is a legless buffoon? Why are you so invested in everyone else's outcomes?
You didn't answer the question. Why is it so upsetting to you? We all know what the value proposition is here, it's why we're here. But there are any number of reasons why a trader might not share your exact strategy for what to do with their shares. Why are you so invested in everyone else's business?
Can anyone explain why it's so upsetting to them to learn that traders are trading INMG?
I just put in an order for 200k shares. Let's see if any fish are biting...
Is it my birthday? There are another 250k shares sitting in my account today, and only 10 trading days before a 10x catalyst.
Let's crank this puppy back down to 1 cent! I'll get another 2M shares! Merry Christmas everyone!
jrf30 said:
And I sure don't see no ".012 - .014" level coming up!
I agree, provided there aren't any more large position holders trying to liquidate. I've got a bid in, just in case someone wants to give me shares at a big discount!
This is the crux of why I'm here. Ad and subscription revenue.
MJAC will provide a "pop," but revenue will be required to keep the share price high. Without it, enthusiasm will wither and the share price will drift back down. I'm interested in Tom's monetization plans for INMG. Long term, I see dividends in INMG's future.
Low overhead, high revenue stream, what to do with all that excess cash? Give it back to shareholders. Tom has 92M reasons to do this. Tom has stated that "shareholders will be rewarded." Dividends is how you do that.
I'll be waiting.
The last couple of times I tried to buy on dips, I didn't get all the shares I was looking to get. This close to MJAC, I'd LOVE to grab a few more at a bargain price!
If it drops to 015 on Wednesday, I'll pick up 250k right along with you. I wonder how many shares might be available this close to MJAC?
If it hits dollars, I'll be off on a beach somewhere with Wi-Fi, selling puts on really quality companies and making way more than that lifestyle requires.
September 1 and 2 are Friday and Saturday, so there should be a lot of interest generated on Friday, September 1st, Day 1 of the conference.
Then throw in the fact that Monday, September 4th is Labor Day, and excited investors will have to wait until Tuesday to get in, ratcheting up the excitement!
OWCP took off in a similar fashion, ETF announcement came out on Thursday, Friday was a big up day, the following Monday was President's Day, then on Tuesday and Wednesday, all hell broke loose.
Good job on this, jrf30.
One thing that stands out, very loudly in these numbers, is that on high volume days there are plenty of folks here who are "long and strong" that are really just flipping shares.
I cast no aspersions, we're all here to make money. If you sell some shares because you have financial obligations, that's a good thing in my book. Take care of your business.
But, we can't all be holding tight and seeing high volume days. Not if the numbers are what we think they are, what jrf30's research indicates.
I blame some of that on the way we treat traders here. If you say anything that can be construed as flipping, or hoping to get cheaper shares, you're met with derision from at least 5 or 6 posters. So people claim to be holding, just to avoid the confrontation.
Full Disclosure: I've personally got 2,043,000 shares and can account for an additional 1,320,000 shares through family and friends. And we're all long, so when you read me pining for cheaper shares, save the flipper rhetoric, you're completely clueless. And, based on jrf30's numbers, probably the guy that's going to sell those cheaper shares to me. That's a good thing for the rest of us, because transferring your shares to me puts them in stronger hands.
Slap that ask! It's the only way to beat the MM's! Don't play their games!
Begging for cheap shares is for flippers. Slap that ask SR if you want the price to go up! BSEG!
I'll probably get crucified for this, but it's worth it...
Low overhead, no toxic debt, strong share structure and a CEO with skin in the game.
Provided Tom can ring the cash register with advertising and subscription dollars, this will very quickly become an investment grade company.
Some say it is investment grade today, but we all know that's conjecture at this point without any revenue to speak of. Some things have to break our way, but there is definitely a path.
jrf30 said: If there are only about 100 million shares available on the open market, I truly think we control about 70 million here. Says there are not a lot out there for the rest of the world. That's a GOOd thing.
I've been thinking about what the MJAC potential is for INMG, how high can it possibly go from this event alone? If there truly are only about 40M shares not locked up in the float, and there are 2,500 investors at MJAC looking for places to park their dollars, there are only about 16,000 shares available for each.
That's a supply and demand structure that is truly remarkable, and will favor those holding large positions.
I'm a buyer up to $0.05. After that, sit back and enjoy the show!
Asked for more, but only got 28,300 at $0.0255.
The short term stuff is nice, but my view is long term for INMG. As stated, it doesn't take much overhead to run a company that needs a few servers and a few ad salesmen.
Tom Coleman is the biggest shareholder. You can bet he'll be doing things to add shareholder value. A cash rich company with no overhead has to do something with all that revenue, so they return it to the shareholders in the form of dividends and buybacks. If INMG were to only pay a $0.10/year dividend, that's $9.2M for Tom. You can bet he wants to do that.
So I'm thinking in terms of what a nice pile of shares would be worth, long term, in the form of dividends.
How often do you find a penny stock with a Warren Buffet ending?
Slapped the ask for 157,000 at $0.022. Nice even 2M shares. Locked and loaded. Let's do this!
What this means is that in the absence of some information from or about the company, there isn't much to talk about. DOLV will continue to drift sideways and down, until catalysts take over.
Consider this the social mixer before the actual event.
Are you denying that the Chinese culture considers the number 8 to be of good fortune?
While I don't disagree with the notion that INMG is a better buy today than OWCP, you can't just shoe horn numbers into your statement and claim accuracy. You're better than that.
You were off by one entire order of magnitude on OWCP. If you're going to use the highest intraday price for OWCP, what would be the comparative number for INMG?
There are people on this board who take your statements as the gospel. That's a lot of responsibility.
When the Chinese hosted the '08 Olympics, they kicked it off on 8/8/08 at exactly 8:08pm. Thousands lined up to get married at that time, as well. An 8 on it's side is the infinty symbol, considered lucky for brides.
Will DOLV kick things off based on the number 8? I can't find any eveidence of that, but they are Chinese...and no one wants to miss out on a profit opportunity because they didn't understand the culture.
It's amazing what people will do when they think quick riches are right around the corner. DOLV, for all it's potential, is still just a penny stock with plenty of risk. This isn't for the rent money.
Bulls make money, Bears make money. Pigs get slaughtered.
Just a housekeeping deal, really, but OWCP is trading at $0.37 today. A 10 bagger only puts them at $3.80, not $38.
For me it's a matter of confidence level. If the new entity comes right out of the gate talking about NASDAQ, and has a clear, articulately stated path to make that happen, I'll lock up my shares and walk away for a couple of years.
The other issue would be how much does DOLV actually own, meaning how much of this venture do we share holders participate in?
I guess we're about to find out.
Speaking of locking up the float and making money...one of my good friends that I recommended INMG to has recently joined the 1M share club. I'm about to hit 2M. Let's do this!
200,000 at the ask...200,000 filled, $0.0097 to $0.0099. It's gonna' be a good day, Tater!
How did you get Pat Morita and Ken Jeong to pose for that photo?
Shameful!
Very good observation from 3D:
I can sleep at night knowing there is a CEO who has a resume like Coleman and has a lot of skin in the game.
Doesn't matter how good the widget is if management can't pull off the business plan. Company isn't diluting to pay inflated salaries to empty suits. Coleman is as good as it gets in OTC Media companies.
At 1.643M shares I don't think I'm done accumulating. It doesn't cost much to put on more shares, the risk/reward ratio is off the charts.
SATELLITE SAID: I have priced the ask and received shares lower???
A few days ago I slapped the ask at $0.0099 for 140k shares. I got filled at $0.0097. And it wasn't even my birthday!