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Hey JM...we all have to do what's in our own best interest. For me, that means building a position that I can sit on till launch. I did that by buying and selling to generate some cash, then stuck it all in a pile of shares. I generated about 35% of my total investment in INMG, decreasing my out of pocket expense considerably. I feel pretty good about that, to be honest. Bottom line is INMG is still a penny stock, fraught with risk.
If others have done the same, I'd be interested in hearing their stories. Realistically, there isn't going to be any real price action here until MJAC. Certainly nothing that would entice me to sell.
I've got 1.7M shares at $0.011, and I can't wait for INMG to drop down to $0.005. I'll pick up another 2M at that price. That will bring my whole pile down to $0.0077/share. If any of you want to work the share price down with bids, that works for me. But please, hurry up and let's get that done. Once INMG launches, that opportunity will have evaporated. Clock is ticking...
And then, in a fit of malicious flipping fever, you know what I'm going to do SR? I'm going to build a spreadsheet with an ascending price dumping scheme. You know, an exit strategy! I'm going to profit from INMG and it's entirely possible that I won't feel bad about it.
My sentiments exactly.
I built a fairly decent position, figured I'm all in. Then this morning I sold a dog and had a few bucks handy...what to do, what to do? So I checked INMG, it was trading at $0.0097, so I grabbed another 143,000 shares!
This is a sickness, really.
That's awesome! Good for you, 3D!
I always love hearing stories about traders who buy super low and sell super high. And when it gets super high they exercise an exit strategy.
Interesting...
While I don't disagree with any of what you said about the top-5 companies in the EV market in China, there is one thing that makes me a little nauseous:
My money is on JB&ZJMY being one of these government-backed companies.
I usually like my investments as far away from government control as possible. Here I am, all in on a foreign company that needs explicit government backing to be successful. I guess you compromise a principle when there's a higher principle involved-----PROFIT POTENTIAL!
I just picked up another 100k shares this morning. Man, this getting rich stuff is easy!
FINRA could also be more diligent in vetting Chinese companies. I've been asked to join several class actions against Chinese companies that were, shall we say, less than forthcoming with investors.
I'm with you, green or red, irrelevent. Today. Since I'm still accumulating, the lower the price the better! Because we all know that when this thing launches, it's going to go in a big way. Thank manipulators for keeping the price artificially low, keeping the buy window open. That does shake out the timid, but let's face it, some folks were going to shake out no matter what. That's just the nature of it.
That would have been super awesome! I was looking for another 500k at $0.01, but no one wanted to play.
Sorry about that! I've got a short trading window in the am, the master calls!
Gotta head out to work now, hoping to see a nice big day, maybe some news. But part of me wants to see $0.01 and another 500k. That will bring me up to 2M. I like round numbers!
There, the final 3,812 shares, 500k total, all at the ask. Just housekeeping, really.
If this thing drops back to $0.01 later today, I'll pick up another 500k.
Another 500k shares, and an 11% pop. You're welcome.
Oops! Did it again! He's out of control!
That was me, slapping the ask, by the way. You know, the guy that came here to destroy INMG and everyone's accounts! LOL
What occured to me was to try and find out what the terms of the deal are. In the process, I found the Wefund campaign and reported it. I wouldn't speculate on whether or not an additional $500 was all Tom had to kick in to secure the programming he wants. A few more restricted shares would have taken care of that.
I would speculate this, though. When you scroll over their image on the list of funders, there's a link to INMG's website. So it was probably necessary to give some cash in order to be listed in that way. People interested in Night Flight, enough to give them money, would certainly be interested in INMG. More promotion.
I thought it was funny that 28 investors coughed up $15k, and one of them was INMG. Neither INMG nor Night Flight is saying what the actual value of the deal is regarding the restricted shares, but from a cash standpoint, it's nearly nil.
And yes, I do know that Night Flight was a popular show in the 80's. I used to watch it.
#1 is a little generous. Their timeslot was 11pm to 3am, so mostly they were up against stations that went off the air for the night. Night Flight was square in the middle of stoner time, and they had a decent following.
CannaNetTv is a perfect home for this content.
I was trying to find out how much INMG invested in Night Flight. In that process, I came across the Wefunder program Night Flight is currently running. For those interested in a direct investment in Night Flight, see link below. Apologies if this has already been published.
https://wefunder.com/nightflight
This page has everything you ever wanted to know about Night Flight, INMG's newest investment.
So far this funding project has raised $15,012 from 28 investors, one of which is INMG. So the position is pretty small. Heck, I own more INMG than INMG owns Night Flight!
Why are we talking exit strategies? If INMG does what everyone here hopes it will, everyone here will need an exit strategy. I'm not talking about selling next week. I'm talking about what to do to protect enormous profits. Life changing profits. If it ever gets to that.
"INMG to the moon!" good poster.
"Take money off the table when it gets to the moon." bad poster.
That should have you giggling, not this....do as you may people follow the lead of someone with 9 posts on ihub talking exit strategies...LMFAO.
Is this how we treat people who are sincerely discussing INMG and how to make money on it? The funny thing here is how little you know about me, but are willing to leap to the fatal conclusion that I'm a flipper trying to scam people out of their shares or whatever it is that has you all sideways. Lighten up, Francis. If it helps to ease your paranoia, I've got a 1M share position at an average PPS of $0.01093, which puts me about $11,000 long. I ain't leaving until the wallet is full, or this rocket fails to launch.
Selling at the top is purely luck, as you pointed out.
I'm going to use a trailing stop for this thing. If it takes off, I'll get out at a predetermined point below the highest close. The difficult thing in that is how far do you "let it run?"
I think 35% is reasonable for a penny stock. With a 35% trailing stop, OWCP investors would have gotten out at $1.75, rather than ride it down to $0.45. Hindsight, to be sure, but with that plan in place they save a ton of "winnings." A 1M share position saves $950,000!
Clearly this is important to me. Is anyone else concerned about having a decent exit strategy for INMG after their accounts get fat? I'd like to hear other opinions if anyone's interested.
DOLV will drop to $0.039, allowing me to pick up another 50,000 shares.
Speculating further, the good citizens of California may one day be subsidizing our positions in DOLV/JBMY with their tax incentives.
That's the glass half full view, I like a good positive attitude!
Human nature being what it is, some would say, "it was sitting at $3 Million, now I've only got $450k!"
INMG investors should have such troubles!
You're adding to your position, I've built mine to 1M shares, where I'll sit pat for the duration. On this we agree, the potential for INMG is enormous, catalysts are everywhere.
However, having an exit strategy certainly doesn't make you a "SHORT SIGHTED FLIPPER." That actually made me laugh out loud! Having an exit strategy makes you a prudent investor. Just ask people who owned OWC* at $3.00 and held on to $0.45. Hey, at least they didn't flip!
You started out by saying that I shouldn't be here, then you went on to explain that the exit strategy is exactly what I said it should be, based on what Coleman actually does with the company, and revenue potential. So I think we agree there, too. I'll just try not to use the word "exit" in any future posts about INMG. New guy mistake, my bad.
I hope that DR was one of those that made millions!
Valuation is doubly hard in penny land. OWC* is a good example here for INMG investors. It went from $0.02 to $0.70, consolidated, then went parabolic to $2.50 before dropping like a stone back to $0.45. You KNOW some people rode it up and right back down, blindly hanging on for more. That's what we're talking about avoiding here.
When Coleman does lay out the game plan, revenue included, this muddy water gets a lot clearer. We'll know if $0.20 is "pie in the sky" or just the beginning for INMG.
I think most of us are in agreement. I'd hate to see INMG investors on this board take the round trip and wind up back where they started, leaving a fortune on the table in the process.
Know your exit strategy before you ever invest a nickel. That's good advice.
Just throwing this out there...
The hardest thing about a runup in INMG to the $0.20 level, is if you determine that that price is not supportable based on revenue. If its mostly due to investor sentiment, how do you hold on for more while half of that runup evaporates? If you've got 1M shares, $0.20 is worth $200k. Do people really have the stones to watch $100k disappear from their account when the stock inevitably drifts lower? I'd sincerely love to find out if I do!
Been lurking here for about a month, very interesting board! In that time I've managed to cobble together a position in DOLV that just might be worth something some day, provided it's half as successful as some think it will be. I'm hopeful, but penny stocks can be very disappointing. I've got the receipts to prove that! The silver lining is that DOLV is so cheap right now, it doesn't take a lot of capital to put together a nice pile of shares.
Read a lot about the ticker change. While it's necessary, that in and of itself isn't worth anything in terms of market cap. It might goose the SP a little, temporarily, but the real meat is in financials and concrete business plans. Real reasons for investors to buy and hold. My sincere wish is that everyone gets from DOLV/JBMY what they're hoping for. I can relate to the longs, as I'm long. But I can also relate to the flippers, as I flipped shares to earn enough to pay for half of my long position. The caveat being that I didn't have to make up negative things about the company to accomplish that. DOLV's silence is all anyone needs to build a cheap position.
I'm about at my word limit, if you're still with me, thanks for that! But I also wanted to say that the depth and breadth of research done and shared on this board is the reason I hung around long enough to catch DOLV fever. Thanks to everyone who shares!
$100B market cap is an interesting number. There's another EV company out there today with a market cap equal to GM, $54B. And they haven't sold a million cars lifetime. There is a very large appetite for investors in "green" companies, especially electric car companies. If a company that only sells a few cars, and has never made a nickel in profit, is worth $54B, what is a company worth if it actually sells millions of cars? I'd like to find out...