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Was there something about my trade explanation that you didn't understand? I thought it was pretty clear after proof reading it.
Yesterday I put in a buy order for 500,000 shares at the ask, $0.0055. I got 7,000 shares right away, then 30 seconds later the entire order filled. Someone was definitely bailing out. Whoever you are, thanks!
I'd like to amend an earlier statement I made, paraphrased here, "INMG will be open for business the day the DB deal closes." That should now read, "INMG will be open for business the day they hire a PR firm to generate some investor enthusiasm."
Tom has been true to his belief that pumping is dishonest. But, with this recent acquisition and potentially a sales force out there selling everything they now have in the stable, there should be plenty of things to report to shareholders and prospective shareholders.
I won't venture a guess as to share price, because, long term, that will be tied to sales. But I will say that price volatility on decent volume is about to return, so the flippers should be happy about that.
The rest of us will be happy with an uplisting, name change and some REVENUE! in the drawer as they crank up sales.
More thoughts on INMG....
I like the Demand Brands acquisition, primarily because it puts a couple of experienced guys on the board with Tom. Developing sales and marketing channels is not Tom's thing. He's a Hollywood Producer. Beyond making movies and generating entertainment content, I'm not sure what else he'd be doing for INMG's day to day operations. Sales, marketing, and product develop are all very specific skills.
Secondarily, I like the acquisition because it sets the wheels in motion for uplisting. Stock price appreciation is dependent on share buying volume. Uplisting will open INMG up to an entirely new class of investor, those that insist on transparency before putting their money to work. And, more importantly, a class of investor that isn't looking to scalp 10% by noon tomorrow. They will buy and hold, as long as the company is producing. This takes the shares out of the hands of beer money flippers, who essentially control INMG today. Getting out of the pink sheet cesspool is the necessary first step to becoming a real company.
With this acquisition, INMG will now have 11 different brands in house:
1- Lux Digital Library
2- Cannanet.tv
3- Kush Processing
4- Local Cannabis Dispensary
5- NIGHT FLIGHT
6- Infusional
7- Weedies Edibles
8- Eagle Energy
9- Oil of Sunshine
10-CoCos Pure
11-The Canadian Organic Company
How many of these are actually producing REVENUE!? We know that Tom isn't really selling much of the 5 original brands. A few of the 6 new Demand Brands franchises are selling, but to what degree? Can't be much, Hannan and Peckham started the company about a year ago, these things take time to develop.
At this point I consider that INMG is officially open for business on the day the Demand Brands deal closes.
We are all truly in on the ground floor.
Debt capital can be raised by either taking a bank loan, using a credit card, or issuing a bond. These are various forms of loans.
Equity capital is issuing shares of common or preferred shares.
Profits are the best place from which to finance growth. That's what I'd love to see. Generating REVENUE! then use that REVENUE! to fund future growth.
LB asked, "Also, what does the following "will give Demand access to new capital markets and currency to target acquisitions" mean?"
The key here is capital markets. Publicly traded companies have a much easier time raising money for acquisitions or expansion, purchase equipment, or invest in future growth, by selling shares. That's dilution. And it's a dirty word in most circles. However, done conservatively, dilution can enhance the bottom line by growing the top line. That means REVENUE!
They specifically stated "to target acquisitions." This tells us that they intend to buy more comapanies that have growth potential and fit with the overall business philosophy. They also said, "non core assets will be sold upon closing" in the announcement. This will tell us in what material ways INMG's "core" has changed by this acquisition.
There's been a lot of talk about this being a reverse merger. And therefore there will be a reverse split. Think this one through. Reverse splits happen when the share count is out of control or you need to manipulate the share price in order to uplist. INMG's share structure is strong. And $0.01/share is very close to the current share price. A couple of strong quarters will have INMG trading for much more than a penny. Bottom line, there's no need to reverse split in order to uplist or get the share structure under control.
Reverse Merger? In order for this to happen, the private company has to take control of the public company. Demand Brands is putting two of their own on the INMG Board, but there is no indication that they are taking the reins. Tom Coleman is still the CEO and retains voting control. No Reverse Merger.
INMG is acquiring Demand Brands. Why would Demand do this, some have asked? Demand Brands benefits by becoming a public company, virtually overnight, giving them access to more capital than they have currently. Capital that can be used for growth and expansion of their existing brands/franchises. Capital that can be used for additional acquisitions to enhance current operations or exapand into other markets.
INMG benefits by bringing more REVENUE! and growth potential to their bottom line and bringing in a sales/marketing team that has the expertise to grow INMG's current businesses. None of this guarantees success, but it does make success more likely. Tom has shown himself to be fiscally prudent, there's nothing here that says this will change.
If you were stoked about CannaNetTv going live, you should be absolutely giddy about INMG acquiring Demand Brands and bringing marketing winners and additional REVENUE! streams into the fold.
This is my opinion. Every investor should look at the facts and come to their own conclusions.
"Capital Markets" is about being folded in to a publicly traded company. Capital can be raised through share selling, or dilution.
The D Word can be either good or bad, depending on how it's done and for what reason.
We Know TOM dont pump stocks and is ultra conservative.
This is why INMG doesn't act like other pinks. The CEO doesn't have a Twitter feed that pumps propaganda 24/7. What's left to move the needle? Come on, you can say it...
Anyone that expected INMG to act like all the other pinks has either sold their shares by now or is currently bashing it. I've said from Day 1 that this stock needs REVENUE! to climb that wall. Now they're in a position to do just that.
Shocking.
Earlier, when INMG acquired Kush, the question was asked, "who is selling this stuff?"
We just got that answer today. Tom has now aligned INMG with a team that has had prior success in sales and marketing.
Green Willow says he thinks that Tom is taking a back seat. I completely agree. Tom was never going to sell Kush Processing...or radio ads...or CannaNetTV ads...or yellow pages ads for pot stores. That's not his skill set. If you want to fill a job position, a company has two choices. Hire someone with potential and train them, or hire a proven winner. In essence Tom hired a whole team of winners today.
The synergies are good. Tom has a publicly traded platform that just needs to meet a few requirements for uplisting. Demand Brands has a sales and marketing team ready to go to work.
Today on IHUB we read more references to REVENUE! than we've seen in the past 365 days. Folks are starting to get it now. We need share volume to get the price up. REVENUE! will bring share volume in spades. You can make beer money when a stock "floats on air." You make life changing money when a tiny microcap stock starts generating REVENUE!
The only thing left to do is cross your fingers and hope this deal clears in 30 days.
If I'm even close to correct, then it doesn't matter what you paid for your shares. There's a lot of profit waiting further down the road. The caveat always being that Tom executes on the business plan.
If you're only looking to flip, that mindset put you in the position you are in today. Good luck.
Those timeframes are correct for financials. But Tom says he'll put out a press release when he has something "material" to report. Maybe that's tomorrow, maybe that's in Q4.
I'm not an advocate of making guesses as to when information will come from the company. I think that's a fool's errand. I've got 3mm shares tucked away in the back of the sock drawer. No matter what the information is in the 2 items that Tom says are in the works, I'm quite certain they won't provide enough value for me to part with even a single share.
Probably lots of folks reading this are just waiting for the first opportunity for a big flip. But the sad fact is that there are so many of you, with millions of shares ready to flip, that there will not be enough buying interest for even a fraction of your shares to get sold for the big flip.
The only way everyone on this board is getting out with the big flip is if there is a boatload of new buying coming from folks not on this board. The only way to get their attention, if history is any sort of guide, is for INMG to produce REVENUE!
If INMG is producing a growing REVENUE! stream, there's no reason to sell, it's a good investment. This is why I'm convinced that INMG is a LONG term play, not a flip. With 4 streams pumping cash into the coffers, and ever increasing REVENUE!, I can see myself holding most of my shares for 10 years. Imagine holding 3mm shares when INMG is in a position to start spinning off $0.25/year in dividends. Or how much money you could bank on that pile of shares by selling covered call options. If I didn't think these things were possible, I'd start selling my 3mm shares and move on to something more lucrative.
The opportunity cost is this. I'm crushing it in Chinese stocks, energy stocks, a few shorts in dead companies walking that have obsolete business models, tech stocks, options, and distressed debt. But I truly believe that the most money I'll ever make in one position is INMG. Because I can see what Tom is trying to do, and I have the experience to let him do it.
This is the difference between owning and renting. If you can't explain to a 10 year old what your investment is all about (props to Buffet), then you shouldn't put your money in that investment. Most flippers don't truly understand what the company is trying to do, they just want a blizzard of PR's and some fast cash. This is why most flippers will only ever flip and not truly make life altering gains.
Own it.
I fully expect that one of the two updates coming from INMG will be a sales agreement in place for Kush Processing. Of the 4 revenue streams, I see Kush as the biggest, immediate potential. Q1 stated that they are looking for someone to go out and sell that service.
If they hook up with some serious closers, Kush could bring in enough revenue to boost INMG to $0.50 on it's own, and that's only if they close a fraction of their in house list. Not overnight, mind you, but with REVENUE! pouring in through that stream, investors will come to buy shares. There will be measurable metrics, with ROI potential that can be calculated. You know, like a real company.
Really good things are coming for the patient. Sure, you could do a flip for 100%, maybe even 200%. And God Bless You if you do. But, if you keep your eyes on the horizon, you'll see that REVENUE! will boost this company to levels you aren't even dreaming about if all you're looking to do is flip for a small bump.
OWN THIS COMPANY, DON'T RENT IT!
I'm not sure I understand what you mean. Are you saying that INMG is worth Billions of dollars today?
Please walk me through what it would take to sell INMG to investors for $10/share.
The 2 impending announcements that Tom referenced are likely linked to the following, from the Notes section of the Q1 Fins. The reason there wasn't any revenue in Q1 is they aren't doing anything yet. According to Note 7, Tom is looking for outside help to operate his company. Kush, CannaNet, LCD, all of it needs a sales staff. We'll likely be seeing his agreements for outside companies to begin daily operations.
Don't fall into the trap that Tom is working a deal to sell the company. He doesn't have any revenue to support that. Someone could buy every share of the company at today's prices for less than $3MM. Why would they pay 10 times that? A lucrative sale of INMG would only come after much financial success.
What we're about to learn is that INMG is actually going to start doing business, Grand Opening, if you will.
NOTE 7 – COMMITMENTS AND CONTINGENCIES
The Company neither owns nor leases any real or personal property. An officer has provided office facilities and services
and the Company is only obligated to pay for technical services and certain office expenses but no rent. There is no
obligation for this arrangement to continue. Such costs are immaterial to the financial statements and accordingly are not
reflected herein. The Company is primarily outsourcing the continuing development, day to day operation and ad sales of
the CannaNet.TV platform and LocalCannabisDispensary.com to third parties via contractual relationships. The Company
is investigating and testing the viability of providing direct marketing support for its Kush Processing credit card merchant
banking services business for the legal cannabis, hemp and CBD industry. The maintenance, operation and continuing
content procurement for the Channel and Directory will require material ongoing investment. The Company intends to
principally support the platforms development and operation from its cash flows.
Hate to burst your bubble, GK, but "smart money" doesn't come within a stone's throw of the OTC. I know you meant the "smart play," but thought there was enough ambiguity to warrant a clarification.
Someone just sold me 300,000 shares at $0.0082, with Q1 fins about to drop. One of us is an idiot, I guess who remains to be seen.
Another long one, if you aren't in the mood to read you should probably pass this post by.
Q1 financials, coming out in the next 10 days, will be the guidepost for investors going forward. There are things happening in the MJ world, but INMG is fairly immune to those things. We do not depend on legalization or government support. If anything, federal legalization would be a net bad thing for Kush Processing.
There are folks here who have consistently flamed me for this, because this is the OTC and millionaires are made from companies that never ever sold anything, blah, blah, blah, but I know this to be true about INMG, so I don't mind saying it again...
REVENUE! will drive this company. It's not a true pot stock. But the cash register's sweet dulcet tones are the siren song of shark investors everywhere.
REVENUE! will generate volume several orders of magnitude higher than we're seeing today.
REVENUE! and lots of it, will push large portfolios to stupid heights. Sure, you could roll the bones on a tiny company with a big PR machine and scalp off enough profit to pay the rent and have a good time on Saturday night. All in all, that's not a bad way to make a living. But, if you want to make a crap ton of cash, and not have to fight the rest of the world to get your shares sold because the stock just popped two cents, you need REVENUE!
Tom Coleman said months ago that any long investors who stay long will be rewarded. What he meant was that he's got a good plan and the skill to execute, and that a business takes time to build. Patience is the order of the day. Anyone who's waiting for Q1 fins to goose 3 pennies out this stock is really short changing themselves. The man who said "longs will be rewarded" was talking long-term, and in my very humble opinion, meant dividends. Here's why:
How does a guy who owns 100,000,000 shares, and pays himself in more shares, get his payday? He gets $1,000,000 for every penny the comapany pays in dividends.
Sure, this is a little cart before the horse, as the company has never generated enough REVENUE! to pay a dividend, but we'll get our first glimpse of the possibilities in Q1 fins. If Q1 clearly shows new REVENUE! generated from the 4 streams in place now, those of you looking to cash out a few bucks won't have any problem getting out, I'll be buying those shares from you.
We all know that there's a ton of potential here. We all know that Tom isn't going to throw down any hype. So we have to patiently wait for the business model to kick in and start throwing off revenue. You want trading volume? Toss out some cash, it's like blood in the water. OTC stocks can run on fumes and a promise, but that promise is a series of PR's that are never going to come from INMG and Tom.
Waiting is the problem for many penny stock traders. They aren't buy and hold investors. They move from ticker to ticker, buying the flavor of the day, whatever is getting hyped and loved by traders. That's great, it puts cash in their accounts. But INMG is not one of those tickers, it just happens to be on the OTC. I feel sorry for the traders that don't have the foresight, the patience or maybe the cash to buy up a stake and hold tight for the eventual outcome.
"Big news coming real soon!" That's a penny stock traders mentality, and it's what penny stock traders want to hear. But it's completely divorced from INMG's reality. Even if "big news" does come out, it will only pop the PPS, not sustain it. Patience, IMO, will pay off here in the long run.
Even if the Q1 numbers are stellar and the PPS runs to $0.04 again, it won't stay there long. There will be an enormous amount of selling pressure. Many of the big holders will cash out, feeling like they missed the top the last time at $0.04.
Thinking that $0.04 is the top for INMG is one of those things that will have you kicking yourself in the butt for the rest of your trading career, having missed out on the real money that INMG is going to give back to shareholders.
The smart play here, IMO, is to hold until INMG is making a lot of money with these revenue streams. We've seen it in many companies. They start up with a great business model and team that can manage it, revenue starts to trickle in and then there's a flood of cash hitting the register. That's the verification that the model works. That's where the jump is made from penny stock to profitable company, and that's where the most money will be made for investors.
Today we are in the "trickle" phase. We're making some money, but the huge growth is still ahead. Great companies experience 100-500% revenue growth for an extended period of time to go from pennies to dollars. In order to take advantage of this growth, a trader has to hang on for the entire growth phase.
INMG is going to make a few people an enormous amount of money. And it's going to make a lot of people a little money. Look at it in these terms. A company that is generating $5,000,000 a year in revenue, that experiences a 200% revenue growth for a 5 year period, will be making over $1BB after year 5. Now ask yourself where INMG is today on this scale. If you're looking at INMG and thinking about all the things you're going to do with the money after it hits $0.04 again, I'd say think bigger. Change your time horizon, change your fortune.
These are my opinions, do with your own money what you will.
I think there are a lot of investors in INMG that are in the same spot you are; big position and waiting for something to happen. Me included. I've been sitting on over 3MM shares since around June of last year.
I'll put down some thoughts on this in another post.
Looking at the share structure got me thinking about my slice. Turns out I own over 1% of the company. Come on Tom, let's crank this bad boy up!
538 on LCD sounds good, but what kind of revenue is being generated? I haven't seen any indication of what they're charging for a listing on the LCD. I'm pretty sure there are different price levels, so the ultimate number will be "blended." I guess we'll find out soon enough. Here are some numbers to chew on...
538 x $50/mo x 12 mo = $322,800
538 x $100/mo x 12 mo = $645,600
538 x $200/mo x 12 mo = $1,291,200
538 x $500/mo x 12 mo = $3,228,000
538 x $1,000/mo x 12 mo = $6,456,000
The LCD is 538 customers, this essentially amounts to a "house list" for Kush Processing to sell their services. What does that revenue stream look like? It was stated previously that a 1% charge amounts to roughly $30,000 annually, on average, per customer. They aren't limited to selling Kush Processing to their in-house customers, but those are the only numbers we know. So let's take a look at a few different penetration levels for selling Kush to the LCD.
10% LCD Penetration for Kush:
538 x .10 = 54. 54 x $30,000 = $1,620,000
25% LCD Penetration for Kush:
538 x .25 = 134. 134 x $30,000 = $4,020,000
50% LCD Penetration for Kush:
538 x .50 = 269. 269 x $30,000 = $8,070,000
If we assume that their LCD numbers are $1,000/mo for 538 customers, and they have a 50% penetration for Kush Processing, best case scenario in this exercise, their annual revenue would be about $14,000,000 for these two revenue streams. Plus overhead is reasonable. This would make the company worth a lot more in terms of PPS than they are today, even if they've only achieved half of this level so far. How do you attract the attention of investors? REVENUE!
What is a company worth that made $200k last year? Even if the Q1 numbers are $250k, for $1MM annual, what is that worth? It's too early to sell, there isn't enough meat on the bone for a buyer to pay a premium.
As a shareholder, what sell price would you authorize?
Some have been talking about this on this board. When the feds legalize MJ, there will be all kinds of competition for the things INMG is trying to do. They are first to market, but once the market explodes, the majors will take over and Tom will be done.
Just think in terms of Amazon opening an MJ division, giving all MJ companies a place to market their wares. Or Bank of America offering point of sale financing and other business services. Or WalMart, with all their pharmacies, putting an LCD type business out of business.
Iron is hot Tom. Time to start branding some little doggies.
One gal was operating a drill with her hair hanging down next to the bit. And not a pair of safety glasses in sight. I hope they have good insurance.
Thanks for putting that in front of INMG. What do you think of the answers?
By "take note" do you mean include INMG in their ETF?
KUSH PROCESSING QUESTIONS (Quite long, if you don't like reading, skip it.)
From the press release for the Kush Processing announcement, dated January 24, 2018:
One of the biggest challenges that has faced the rapidly scaling legal cannabis industry has been that many have been forced to exclusively operate as high risk, cash only businesses due to strict US Federal banking regulations. The Company, through established strategic partnerships, alliances within the credit card processing sector utilizing banks that recognize the significant opportunity, has developed a unique merchant banking solution that it will now begin offering to qualified businesses.
Total Sports Media CEO Michael Hill stated: ‘Kush Processing’s management team brings together over 15 years of experience in the merchant processing industry. With over 500 dispensaries already listed in Local Cannabis Dispensary, the projected growth of new dispensaries and stores, and the ability to advertise and market on the CannaNet.TV and LocalCannabisDispensary.com platforms, we anticipate significant near-term demand for the service. The Cannabis industry has long required merchant solutions to increase sales, efficiency, safety and security and we believe we are uniquely positioned to provide these solutions which will bring enhanced value and benefit to the legal cannabis community.”
------------------------------------------------------------------------
A few questions come to mind after re-reading this. First, the company has strategic partnerships with banks in the credit card processing sector. Seems like we should know who these partners are.
Second, Kush has a management team with "15 years of experience." We know that's not Tom nor Micheal Hill. Who are these people running Kush? They started offering Kush services back in January, seems like introducing the players at startup would be standard procedure upon opening.
Third, over 500 dispensaries listed on the LCD? I was just on the website and counted a lot fewer than that, I wonder where the 500 figure comes from. Not saying there isn't over 500, but if you visit the website you won't find over 500 there on the LCD.
Fourth, "we anticipate significant near-term demand for the service." With all this pent up demand for merchant management solutions, we should be rolling in new clients by now. I'd love to see a progress report on new signups. At $30k a pop, it would be easy to calculate how much revenue is being generated.
Fifth, not Kush related, but is larger picture. How much traffic is hitting CannaNetTv on a regular basis? This figure is going to drive advertising revenue. How are we doing? I don't expect Amazon-type traffic, but it would be really nice to know if we are trending higher.
This is the kind of stuff that gets investors excited about a stock. It's DETAILS that are lacking so far. As of market close on 3/23, "TOM SAYS 2018 WILL BE GOOD" and "BEST SHARE STRUCTURE ON THE OTC" hasn't been enough to move the needle. Time to start sharing relevant information with investors and would-be investors. I'm not asking that he put out a blizzard of PR's that amount to nothing more than pumping, I'm askng that he update investors with some progress that points to future success. Give investors a reason to buy shares.
We've got the only game in town, time to exploit this unique first-to-market opportunity!
What will he do again?
The news I want to hear from Tom is operational. Spending another $100,000 to acquire some other ancillary business from his scumbag buddy isn't going to move the needle, hasn't moved the needle. What we need to hear is that he's got a salesforce out selling advertising. How much is viewership growing? How are things going in Europe? Is he leveraging Canada where the environment is less hostile toward MJ?
I appreciate that he's not paying rent, but that's not going to move the needle. Who is he hiring to fill out the team?
Having produced some movies back in the 70's and 80's isn't going to move the share price. Is he doing something to leverage his Hollywood connections, or is that just a nice thing on his resume?
What are you doing to move the needle, Tom?
Kush credit card processing has a shelf-life. Tom really needs to get that bell ringing, because as soon as federal banking laws change, Kush's value drops to zero. They won't be able to compete with Visa and MC.
If there truly is $750,000 reasonably available, Tom needs a $100,000 salesman out beating the bushes every day. He won't make a dime on that service if he puts it on CannaNet and hopes someone stops by and signs up.
Plans to expand into other services are nice, but the iron is hot NOW to provide banking services for this underserved sector. You can bet the big boys are lobbying Washington right now to open up this sector so they can own it.
I'm trying to make sense of what the reality of moving to NASDAQ would be.
"Fully diluted," there is in excess of 1 billion shares. Why, then, would any institutional investor put money in this company? Are we saying that Wang over-reached for control and shot himself in the foot by insuring that the big fish will not invest in his company?
If this situation is perilous for investors, it's foregone that hedge funds and banks will stay away and Wang will be able to burn his shares to heat his home.
Months ago I postulated that Wang was not going to "give" American penny stock flippers the keys to his mansion. This RS confirms that. But he's come an awful long way to have botched it now.
You said, "As for investors: Ignore it at one's own peril." in reference to the "fully diluted" share structure. In what way do you think this new share structure will affect Wang's ability to sell shares to big investors?
You've completely missed my point. What INMG does not need is more hype.
Penny stock flippers need hype to get out of their positions with a few dimes of profit. This makes you part of the problem.
What INMG needs is real news about real business successes that will attract real investors. We're talking about REVENUE!
The whales this group is fond of mentioning have no interest in a penny stock that's 2 months old that has made no money. Making money will attract whales to this opportunity.
Folks thought that INMG would take off for reasons other than sound business fundamentals. That hasn't happened. Penny traders aren't buy and hold, no matter what they tell you.
INMG will not produce share holder value until they start generating REVENUE!
They went through MJAC, they launched the website, they bought the directory, they bought Kush. None of that moved the needle except for the rumors prior to MJAC. Since the high point it's down about 80%.
Penny traders have ground this stock under their heels trying to squeeze all the value out of it that they can. And short of an easy flip, they get bored and frustrated and sell into a declining market.
So here we are today, under $0.01. This is our home until the company starts generating REVENUE!
Who's got a handle on viewership numbers for websites? Would dearly love to know how much traffic is hitting Cannanet every day.
LOS ANGELES, CA – April 27, 2017 – (Access Wire), Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced that it will also be launching its new online, ad supported platform and channel CannaNet.TV www.cannanet.tv/ in Europe via http://www.cannanet.eu and will offer a German language version at http://www.cannanet.de . The channels will stream curated and original entertainment, informational and educational video content related to the Cannabis and CBD culture and industries featuring customized programming for the European and German markets. The Company will be represented at the Mary Jane Conference in Berlin, Germany this June http://maryjane-berlin.com/ .
“Outside the US the Cannabis industry is growing at an even more rapid pace in less regulated environments so establishing CannaNet as a worldwide brand is a prime objective. We especially see near term opportunities in the Germany” said Company CEO, Tom Coleman. Both CannaNet Europe and CannaNet DEUTSCH are scheduled to be first available in the 4th Quarter 2017.
Not a word about Germany or Europe. Is CannaNetTv not operating in Europe?
Costs are a concern, but IMO, not as big a concern as sales. If a company spends more than they're making, but they're making some decent cash, economies of scale, scalability, and cost reduction efforts can all change the profit equation and turn a company that's losing money into one that's making money. But they have to be selling something in large quantities.
So my biggest concern is...
wait for it...
hold on...
$REVENUE!!!!!
10Q for 4th Quarter won't have much in it. November 28th was Day 1 for CannaNetTv, so there's only about a month's worth of business transacted. I'd be stunned if they sold $50,000 worth of advertising. Costs should be minimal, but I'd still expect to have spent more in Q4 than they took in for Q4 revenue.
Europe might be a Wildcard, they're further down the legalization road than the US.
I don't think we'll have any meaningful sales data until after the 1st Quarter. But bear in mind that Day 1 was November 28th. Takes time to build.
He does that sometimes. I think it's his way of blowing off some steam after the end of a hard day and a stiff assortment of cocktails.
I'm just glad I can be there for him!
You laid out INMG's business plan. But you didn't explain how putting all that on the blockchain will be of benefit to either the company or it's advertisers.
They are already doing all the things you mentioned.