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I think you're right, Kazzz.
Traders are leaving this stock. There's no action, therefore no rent money. Personally, I'm fine with that.
Just spent a week in Indonesia, turns out it's very difficult to spend money there, everything is so inexpensive. Came home with some extra cash in my pocket, I just might have to buy out a few more traders that are looking for more action.
It's really the best thing, for a trader to move on to other opportunities. They weren't planning on holding past 2 cents anyway, and once this stock does take off, they are certainly welcome to come back and provide some liquidity.
Everyone has to work their plan, I respect that.
He's still with the company as far as I know. Have you heard different, or is your comment more related to the fact that we haven't heard from him?
Reverse split is a concern, but a remote one in my opinion. Here's why.
The only reason to reverse split would be to uplist immediately. There are no quality reasons to do that, no reason to be in a rush. Investors here think of uplisting in terms of getting a quick spike in volume so they can get out with a nice profit. This is why it's been brought up so much on IHUB. DMAN management isn't thinking in those terms. If they're executing their business plan, investors will come. Once the plan kicks in, they'll start the investor awareness campaign with Mr. Funk.
We all know that it won't take much volume for this to get well over a penny. As long as there is progress, staying above a penny should be easy, too.
Tom Coleman is on the board. He's the largest shareholder. He'd have to vote to reverse split his own shares.
If there were billions of shares outstanding, a reverse split would be inevitable. Share structure is already tight. Sales will take care of the share price. We're golden.
The stock is trading for a little less than half a penny a share. They don't have brands selling, yet. There are marketing issues, manufacturing issues, sales issues, packaging issues and regulatory issues that all must be overcome before they can sell the first item.
However, I do believe the MigraPure H product is ready to sell, the guy who developed it did all the ground work in getting it ready for the market. The last piece of that puzzle was regulatory, and hemp just got the green light. Further, it sounds like that is going to be a boutique type sales program, selling it to chiropractors and pharmacies. So I don't expect the sales to be blockbuster right out of the chute.
There's no upside to daily or weekly updates. And if they were to do that just so traders could trade, I'd divest myself of this stock immediately and move on to other opportunities.
The very next thing I want to hear from this team is, "We just inked a $$$$$ deal for Weedies! First delivery is in 30 days."
If it takes another 6 months or a year before I read that statement, so be it. I've got a sizable position and the patience of Job to let it pay off. I'm going to make a crap ton of profit on this stock. And you don't do that by selling your shares at $0.05. Can anyone else say the same?
Yours is a fair question. Let me partially answer it with another question. How many of us are still with the first company we ever worked at?
There are as many reasons to leave a job as there are people doing them. If that were a net negative, then no one who ever left a job would ever gain employment again.
Some guys are serial entrepreneurs. They get the biggest kick out of building something. Premium Brands matured, the excitement of exponential growth is gone.
That's one possibility, and it's a positive one for DMAN shareholders. If this team of "misfits" from Premium Brands is driven to build DMAN into a massive success, you'll benefit.
If you're fat and happy, you stay with Premium Brands. These guys have been working towards launch for well over a year, ostensibly for no or very little pay. You don't do that if you don't have it in your DNA. The ticker should have been DNAMAN.
I don't know what the truth is as to why they are no longer with Premium Brands. From what I see them currently doing with my investment, I don't need to look that gift horse in the mouth.
Previously, I've invested in products or technology in penny stocks. I've learned that is a mistake. At least it's not the most important factor in your investing success in penny stocks. The team running the company is much more important than the widgets they're trying to sell.
You can have the best product or idea ever, but without the wherewithal to bring it successfully to the market, your product or idea is dead in the water. And there will be shareholders scratching their heads wondering how this "slam dunk" didn't get off the ground. Which would you rather have, zero sales on the best idea ever, or enormous sales on a so-so or 'me too' idea? I'm sure we'd all take the REVENUE!
Tom Coleman did us all a favor by cleaning up INMG's share structure and staying disciplined about spending and diluting. He tried a few things to get the company off the ground, but didn't really have a team in place to make it happen.
Then he found an opportunity to turn the company over to a team with a plan to create opportunity in the pot space. DMAN's team has a ton of experience in doing exactly what they're doing now, creating a holding company with many different brands that are sold internationally.
This doesn't happen over night. According to recent reports, they've spent a lot of time, effort and money in getting several brands ready for distribution. When that day comes, they'll tell us about it. I like the silent approach. The longer they take in coming out with information, the more blockbuster the information is likely to be.
Before DMAN, I was invested in INMG's share structure. Strong share structure and no debt meant that the thing could take off with almost no real information. That didn't happen. Subsequently INMG bought and became DMAN, at which time I bought on dips and doubled my position. Now I'm invested in a startup company that's working toward massive REVENUE! generation, AND that has a strong share structure and no debt.
Patience is the key here. I'm fully prepared to wait another year or even two. Anyone who agonzies over each tick in the share price either has a false expectation of what this company is, and is likely to do, or has a position size that is way bigger than their portfolio size can support. That's how you get blown up, no discipline.
How do you make a small fortune in penny stocks? Start with a large fortune!
Feel free.
I think the requirements are over a penny for 30 days and reporting at the level required for the exchange. OTCQX requires more rigid, transparent reporting than the OTCQB, for example.
The idea here is to be a fully reporting, money gushing enterprise. Let's get to fully reporting now, that way you won't alienate yourself from investors that require transparency before investing.
An investor can't really do an impactful financial analysis of the company as an investment opportunity if they don't have all the information. Most long-term investors need this information to analyze: Liquidity Ratios to determine ability to pay short-term liabilities, Leverage Ratios to determine ability to cover debt, and Valuation Ratios that determine the attractiveness of the current stock price.
We absolutely need these types of investors in DMAN to take these sub-penny shares off our hands for 50 cents. It all starts with REVENUE! Penny stocks can take off like a Roman Candle, but with no REVENUE! to support the share price and all these valuation calculations, the share price is guaranteed to settle back down to where it started as volume dries up.
A good example of this is OW*P. I know some of you made a nice profit off that comapny back in the glorious run it made from October 2016 to February 2017 where it ran from $0.06 cents to $3. Today you can buy all the shares you want for $0.14. I know that a run of this type is very appealing to DMAN shareholders today, but let's take a look at another possible outcome. I'm a longer term investor than most of you here, I've got stocks in my portfolio that I've held for at least 20 years. You can never get to the real profits without using time and compounding as leverage. Look at Premium Brands, Hannan's former company. They went from a penny startup to over $100/share by generating enormous sales.
This is what I see when I look at my shares of DMAN. Back in 2008 Premium Brands paid a $0.098 quarterly dividend. Today the dividend is $0.475 quarterly. Imagine hanging on to 1,000,000 shares for 12 years (sell the rest of your shares for an enormous profit so you can take care of your future, of cousrse!) and have it pay off at the rate of $475,000 per quarter? That's where the real money is. $14MM in dividends over 12 years. See below for dividend history. Also, imagine the income you could generate just by selling way out of the money calls on your 1,000,000 share pile.
Date Div*
12/27/2018 0.475 $475,000.00
9/27/2018 0.475 $475,000.00
6/28/2018 0.475 $475,000.00
3/28/2018 0.475 $475,000.00
12/28/2017 0.42 $420,000.00
9/28/2017 0.42 $420,000.00
6/28/2017 0.42 $420,000.00
3/29/2017 0.42 $420,000.00
12/28/2016 0.38 $380,000.00
9/28/2016 0.38 $380,000.00
6/28/2016 0.38 $380,000.00
3/29/2016 0.38 $380,000.00
12/29/2015 0.345 $345,000.00
9/28/2015 0.345 $345,000.00
6/26/2015 0.345 $345,000.00
3/27/2015 0.345 $345,000.00
12/29/2014 0.313 $313,000.00
9/26/2014 0.313 $313,000.00
6/26/2014 0.313 $313,000.00
3/27/2014 0.313 $313,000.00
12/27/2013 0.313 $313,000.00
9/25/2013 0.313 $313,000.00
6/26/2013 0.313 $313,000.00
3/26/2013 0.294 $294,000.00
12/27/2012 0.294 $294,000.00
9/26/2012 0.294 $294,000.00
6/27/2012 0.294 $294,000.00
3/28/2012 0.294 $294,000.00
12/28/2011 0.294 $294,000.00
9/28/2011 0.294 $294,000.00
6/28/2011 0.294 $294,000.00
3/29/2011 0.294 $294,000.00
12/29/2010 0.294 $294,000.00
9/28/2010 0.294 $294,000.00
6/28/2010 0.294 $294,000.00
3/29/2010 0.294 $294,000.00
12/29/2009 0.294 $294,000.00
9/28/2009 0.294 $294,000.00
6/26/2009 0.098 $98,000.00
5/27/2009 0.098 $98,000.00
4/28/2009 0.098 $98,000.00
3/27/2009 0.098 $98,000.00
2/25/2009 0.098 $98,000.00
1/28/2009 0.098 $98,000.00
12/29/2008 0.098 $98,000.00
11/26/2008 0.098 $98,000.00
10/29/2008 0.098 $98,000.00
9/26/2008 0.098 $98,000.00
8/27/2008 0.098 $98,000.00
$14,159,000.00
Uplisting?
I sincerely hope it's to the OTCQX, where reporting is very strict. If they are serious about generating sales and REVENUE!, they should be serious about the listing.
Uplisting?
If this thing went to trips I'd personally buy every share available. Closer to the truth might be that there'd be a dozen of us here falling over each other for the chance to buy them so cheap.
I'm a little disappointed that I've maxed out my DMAN position, so I won't be taking advantage of any more cheapies. Been in for 17 months, got my average down into double zeros.
Now I'll sit back with the patience of Job and wait for DMAN to implement their marketing strategies.
On a personal note I find it ironic that the guy who recently divested himself of 10 million shares used to bash me for trying to drag the price down by speaking what I thought was the truth about INMG/DMAN. And here we are today, I've got many millions of shares and he's moved on from what he calls a "pos."
What a difference a few months make!
It's clearly not a flipping opportunity. There is nothing in the bios of the Starting 5 that would indicate they're going to start a fluff campaign for flippers. Not going to happen.
Investors buy the idea and sell when that idea has either come to fruition or failed. These are the shareholders this team will serve.
Your Starting 5
DMAN management group appears to have a lot of experience in bringing products successfully to market.
A couple of months ago Bruce did an interview with Princeton Research. One of the questions they asked him was, "What kind of gross sales do you have?"
"We're minimal sales right now, to be honest, but, it's been a lot of research and development and formulations up to this point. But we're ready to roll here, for sure."
If you're looking for game-changing numbers from Q4, sell now. Prior to the INMG deal, DMAN was laying the ground work to get the company started. To date they're about 15 months into it.
Patience will be rewarded. Get sized right and hold on.
Steven Riscol
Steven Riscol has over 35 years experience in manufacturing, packaging and processing of many products. His production experience includes but is not limited to food products, cosmetic products, alcohol products, pharmaceutical products, personal care products, cleaning products and medical marijuana edibles and vaporizing liquids.
In addition to his knowledge and expertise in numerous packaging applications and formula development, Stephen has extensive experience in production line engineering, product development, packaging design, inventory management control, running and maintaining production lines, cost analysis and reductions and process development.
Steve McWhirter
Senior V.P Sales and Marketing Canada
Formerly an integral part in Premium Brands Holdings group of companies,(PBH-T). Key Functional Areas Covered: Operations, sales, customer relations, purchasing, distribution, supply management, procurement, administration, financial oversight.Employment History 27 years of experience with executive positions in sales, marketing, manufacturing, distribution & executive management.
President, National DSD Group. Steve worked diligently to enforce the company’s mission to provide a nationally centralized DSD platform that delivers improved service levels, stronger supply chain solutions and enhanced IT solutions throughout Canada. It is Canada’s only national refrigerated direct store delivery network with $100 million in sales and 220 trucksVice President & General Manager at HQ Fine Foods. Steve was instrumental in the merger of two business models Hygaard Fine Foods and Quality Fast Foods making it Canada’s largest mass producing sandwich manufacture, leading the company to over 30% in increased sales ($48 million in annual sales) overseeing day to day operations, working close with regulatory and food monitoring companies, (CFIA, HACCP, ISO)General Manager, Spitz Sales Inc. (Spitz International). Steve assisted in the expansion of Spitz Sales Inc. from a marginally recognized western-based company with $6 million annual sales, expanding to international markets with sales reaching $46 million in just over 5 years. He also assisted in the company being sold to Frito Lay (PepsiCo).
D Scott Morris
Chief Financial Officer
Mr. Morris has been a California Certified Public Accountant for over 37 years, providing tax, accounting, consulting and audit services to small and medium sized corporations, s-corporations, partnerships, LLCs, proprietorships and non-profit organizations. Industries served are: hospitals, long-term care facilities, mental health facilities, physician practices, theaters, mini-markets, broker-dealers in securities, investment funds, real estate syndicators, real estate property management companies, mortgage banking, dance troupe, television broadcasting and cannabis organizations.
In addition, Mr. Morris was a founder of a mortgage brokerage firm and a computer network company. He also taught entry level accounting at California State University, Fullerton and was the controller/treasurer for an international television broadcasting non-profit organization. While controller, he had supervisory responsibility over a staff of 25, managed the accounting of 65 business units and managed the successful conversion of the accounting system to IBM minicomputer based software. In the last few years, he has been actively engaged in organizing and advising CA cannabis start-up companies.
Guy Peckham
President Investor Relations
Formerly an integral part in Premium Brands Holdings group of companies,(PBH-T). Mr. Peckham has been an entrepreneur and business consultant for the past 30 years, with 15 of those years specifically in the food sales and distribution industry. Developing hundreds of food products , organizing the sales network and overseeing operations has been his experience. Three private companies he has launched have now become integral parts of well known public companies.
Guy has worked in China as a consultant and executive for boutique venture capital firms and has been involved in public entities as management and director.
Guy’s life time corporate experience ensures Demand Brands has the advantage of a strong leader for managing finance, accounting and sales, as well as experience in SEC reporting/compliance and international business that will be invaluable for business.
Bruce Hannan
Chief Executive Officer
Formerly an integral part in Premium Brands Holdings group of companies,(PBH-T). Bruce’s experience involves many years with Direct Plus Distribution in Canada overseeing the sales, distribution and organization of all the corporate and independent sales entities delivering dedicated brands of snack foods, prepared meats and deli foods to a significant number of convenience and grocery store across Canada.
Responsibilities entailed the hiring and organizing all the logistics of each route, increasing sales annually and inventory control of millions of dollars of products each year. Development of independent distribution groups as well as acquisitions and mergers.
Bruce also built a large specialty ad marketing agency with clients across North America. Bruce has continued to be involved in sales and marketing of both consumable and consumer products. In addition Bruce’s ambition and goal of building the demand and knowledge of the benefits of Hemp and other superfood catagories further drives his passion in the industry.
Scams leave clues. Like...
Massive dilution.
Blizzard of PR's that don't really say Jack Squat.
MOU's about maybe possibly doing something with somebody, someday.
JV's with other companies that are equally without REVENUE!
Reverse splits with lots of zeros in the calculations.
Leadership has a history of crashing and burning, only to rise from the ashes in a new corporate shell.
None of these things exist with DMAN. Get 'em while they're still cheap!
As am I. There is a huge payday down the road for everyone with the patience to let this play out.
Conservative estimates of REVENUE! success on the multiple product lines will translate to nickels and dimes, not just pennies. Add to that the share structure and the CBD affiliations, and you've got quite a cocktail of volatility.
I'd venture to guess that readers on this board have at least 75MM shares locked up. That's the fuse. Once it's lit by REVENUE!, the tightness of share availability will shoot this thing skyward like Old Faithful.
Sorry for the confusion. COMMUNCATION FROM DMAN was my topic, not a declarative statement. Everything in the missive is my own opinion.
There's been a lot of discussion lately about communication from DMAN, or the lack thereof.
Several posters have cleared things up somewhat, having published responses from the company to investor questions.
DMAN is alive and well. They are working hard every day to get quality products to market. My advice is to just let them do their thing. If waiting for results has you freaked out, then you might want to consider a smaller position size. Sell enough to let you sleep at night.
COMMUNICATION FROM DMAN.
INMG bought DMAN literally a few days ago. DMAN is a startup. They may have a few things already operating, but the likelier truth is that they are working towards getting some brands moving. That takes time. Even new customers don't usually buy from you today or tomorrow, they have their current purchase contracts that must be fulfilled before they start buying your stuff.
Then there's the question of how soon could DMAN actually deliver product? I haven't read anything about DMAN's manufacturing facilities, so they're in a toll manufacturing situation. That doesn't just fire up to full capacity today or tomorrow.
All this adds up to time. If you're looking for the first opportunity to flip shares, good luck. If you're patient enough to ride out the clock until DMAN has products moving through the pipeline, you'll be richly rewarded.
I will be a very happy investor if meaningful communication begins to flow from DMAN, every new message taking shareholders further down the path to REVENUE! and profitability. What I don't want to see is meaningless pump that will take DMAN to $0.02 and then back down to $0.002. Nothing in INMG's history would indicate that they're going to start pumping. So we wait for meaningful news.
There are great flipping opportunities on the OTC. DMAN clearly isn't one of them.
Somebody is selling. Picked up another 500k shares under .004 in the past couple of weeks. I might need a 12 step program.
I picked up another 200k cheapies the past week. Thanks to whomever it is that's bailing. Can't imagine selling my shares at 004.
A while back someone did a private message canvas of longs on this board to determine how many shares were locked up. I think the total number of shares was something like 75-80MM.
Would be interesting to get a sense of how many shares are locked up today by the locals.
I got another 150k of the 65's. Is there no end to the number of shares people are willing to give away?
The Q3 numbers will be interesting, should be out in a couple of weeks.
This will tell us how "entry level" Demand Brands is today. Whether they're doing a bunch of business, or if they're just getting started.
I don't think it really matters at this point, D-Train is rolling down the tracks. All we have to do now is continue to buy these cheap shares and then hang on for a wild ride.
This stock could really get some investor love, a temporary bump on the share price. But imagine where DMAN will be after 4 consecutive quarters of stellar growth! That's where the real money is.
If we start looking at valuations based on potential sales with all these revenue streams, there is a pretty high ceiling for DMAN today, IMO.
Seems so unnecessary to be desperate to buy shares. I've picked up an additional 1MM shares the past couple of weeks, didn't freak out once. Maybe some of these traders just aren't very good at this?
Thanks to whomever it was that sold me another 350k shares this morning. And it's not even my birthday!
I'll flip you for them!
I get all giggly when I think about what my massive pile is going to do very soon.
I can only speak for me and the folks I know that own shares, but we're sitting on over 2% of the outstanding unrestricted shares.
And we're looking to buy more. It's just about go time.
The fuse is lit. Demand Brands is taking over, once they start to execute on their business plan, there will be lots of demand for shares as news comes out regularly.
I've been buying like there's no tomorrow. And quite frankly, very soon there will be no tomorrow. Added 1MM shares between 42 and 50 in the past 3 weeks. I think I'm hoarding!
I snagged another 150k shares today at $0.0042. Tomorrow I'm going fishing again. All day, every day.
I'm hoping to pick off some 4's on Monday.
Anyone who doesn't want their shares and are willing to part with them in the 4's, I'll take another 500k! Seriously, if you can't see what's happening here, you don't deserve the outcome. Everyone has "the one that got away" story about their investments. Don't let INMG be yours.
We're going to have this float locked so tight, it's going to be like Old Faithful when it erupts. Too many catalysts to mention, but uplisting brings investors, not traders, and a newly hired IR guy will generate enthusiasm. We need volume. With shares locked up buying volume will shoot this thing through the roof. It'll be ridiculous.
Somebody sold me 200k shares today at $0.005. I can do this every day people, just line up and throw your shares at me!
Although I can't imagine who would sell shares at these prices, I've picked up 800,000 shares at an average cost of $0.005 over the past couple of weeks.
I thought I was done buying a long time ago, but as long as they're selling this cheap, and every day is another day closer to REVENUE!, I'm going to keep on buying.
That's a nice bump, but I was talking about going above the previous high of $0.045, or so.
If things go the way they appear to be, we should see this doldrums of information explode into daily missives from the company and the PR firm that should be on board soon.
There will be a lot of volatility, I can imagine seeing it go all the way to a dime, and drop back down to a penny before REVENUE! kicks in and the stock takes off for real. Traders will continue to dominate this stock until well after it up lists and shows a continuous stream of profits.
If someone were to ask my how to trade this, I'd say when the eventual bump comes to a new high, get your original investment off the table, plus a little something for profit, then ride the rest like a Circus Elephant!
I took a look today and saw it dipped to $0.0034, so I put in an order for 350,000 at the ask. It immediately jumped to over $0.004. I changed my order to $0.0045 and left it in for the day, not a single share available at those prices.
I'm going to continue to load at these ridiculous levels.