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Organic 2 said "a blockchain solution is in the works for this stock."
By definition, a solution implies that a problem exists.
"a means of solving a problem or dealing with a difficult situation."
Any crypto currency's blockchain that does not solve a real world problem is a means by which companies raise capital at the expense of the uninformed investing herd.
There are over 1300 cryptos out there today. In 5 years only a handful will be left, the rest falling into obscurity for their inherent lack of value, utility, or the creators inability to sell the solution to paying customers, taking speculator's money with it.
One particular "problem" faced by the cannabis world is that of payments. Federal Law prohibits banks from enabling MJ commerce. So an ICO makes sense to be used as "cash," however, INMG does not touch the plant, all the commerce they need to do can be done within the currently legal constructs of banking and credit cards.
I get that ICO's are wildly popular. I'm currently invested in about a dozen. But, as a crypto investor, you know that there are some guidelines to investing in cryptos. Is the team capable? Does their code solve a real world problem? If these things exist, then the crypto is likely a decent investment. If they don't, they are a speculation that's on fire, so you don't want to get caught holding it. 99 out of 100 crypto investors do not even read the White Paper linked to their investment. That's true of any prospectus, I suppose.
Kodak is doing an ICO that primarily is designed to protect the intellectual property of photographers. It's a means to get the artists paid for others using their work, at a higher percentage than they currently receive. This works very well for any royalties situation; music, movies, etc.
Cryptos are far too volatile today to be considered currency. Only a fool would pay for an item with bitcoin today, knowing full well that the bitcoin they used will be worth a lot more in a very short period of time.
I'm not saying that an ICO for INMG is a bad thing, I'm asking what utility it holds for the company and it's advertisers, things that are improvements over INMG's current condition. These are things that EVERY investor should be asking of their crypto investments.
Organic2 said:
a blockchain solution is in the works for this stock
If the blockchain is the solution, what is the problem?
gogoyears said:
Now, my comment about holding fast...very few people have experienced the type of growth in pps that will happen here. It is easy to be influenced by what appear to be unimaginable gains and cash out too early. So, I say get a thesis that you are happy with and follow it so you are not influenced by market factors.
Thanks for bringing this up, it's an important topic.
Many "longs" here are really "long enough to catch a runup and make some quick cash." So your advice to determine how to exit your position with maximum profit is prescient. The desire to sell at a 10 bagger will be overwhelming. But you'll never get to a 100 bagger if you sell at 10.
Wrestling with the emotions of staying in a position that appears to be going against you should be done before it's live and actually happening.
One good way to take emotion out of it is to take your original investment off the table after some nice gains. That way you can't be hurt by whatever ultimately happens.
You'll never know where the top is until after it's coming back down, so you have to decide ahead of time what sell point you can live with, then sell at that point. I like to use a trailing stop, and I never enter my sell point into the market. Always track it and execute when your price is hit.
Did you read that Stock Rocket? Gogo says "get an exit strategy."
Why on Earth would someone recommend such a thing? Clearly he's after everyone's shares!
Q4 will only be 1 month of data, launch was 11/28. Not a lot to go on, but it's a starting point. We can start building out the valuations based on some hard data, as sketchy as that may be.
My gut is telling me that advertising cash flows are almost nil today. I'd be stunned if Tom took in $50k for December ad sales. There's just not enough traffic on CannaNetTv today to support meaningful ad rates. (who knows what's happening in Europe?)
Q1, as you stated, should be very interesting. December was a proving out period for the platform. And lately we've seen actual MJ sector companies advertising. December was likely a "free sample" period.
2 things I see that INMG has to overcome:
Traffic on the site, without eyes there's no ad rates.
Ad conversion rate, if INMG traffic isn't buying anything, there's no ad rates.
This is definitely a building project.
Longs that are selling shares to flippers aren't longs.
Just wanted to make that distinction, every long should be offended when someone characterizes "long" as something it's not.
Long is buying shares and waiting for your researched outcome. I'm long with over 3MM shares for 9 months, with no sells.
Agonizing over the bids and asks all day is not a function of being long. Talking the stock up ad nauseum is not a function of being long, it's a function of coaxing the PPS to your sell point, so you can hype your shares to some Huckleberry.
OTC is weird place...
There's another aspect to growing and selling pot that I haven't heard discussed anywhere.
Growers and retailers will have all kinds of taxes to pay, which adds to the cost of the product. High taxes always opens the door to black market sales. The cartels will remain in business, all they have to do is charge retail without any tax to beat local prices.
One more reason to invest in the MJ space and stay away from the plant.
Well, we don't disagree here. Volume is the catalyst that moves PPS. But what generates the volume?
With INMG your CEO does not use hype and pump to elevate the share price. IHUB investors are pretty much all in, very few are adding to their positions unless they're flipping and buying back shares they sold. So the question is, what's the source of this required volume?
In my experience, REVENUE! is a pretty good volume generator. You can hype and pump all you want, but at the end of the day, you can't fake cash in the register. You either have it, or you don't.
Banging on it like a gong, baby!
All the longs here tend to agree that INMG isn't like most stocks on the OTC. What that means is the CEO isn't a penny peddler. He's a real CEO running a real company. So all the hype and bs that normally moves stocks on the OTC are not present. So what exactly is going to move the PPS? That's an actual question for you Bradshmj10, what exactly do you think is a credible catalyst to move INMG's PPS up to silver, and keep it there?
Sure, you might cobble together a few well timed PRs from Tom (if you put a gun to his head), along with some serious hyping on the IHUB universe to push INMG to $0.05. Then all of you who make a living by trading penny stocks will shove it right back down to $0.01. That's not debatable. That's what happens to OTC companies that generate no REVENUE!
Flippers own this company today, they control all share price movement. And what we see in that movement is a few might be making some money here and there, but most are upside down and praying for a Hail Mary to get their account green. At which point the selling will continue.
What I'm talking about is meaningful, sustained PPS appreciation. INMG can't climb and sustain when there are folks with millions of shares looking for a payday. On this board alone there are over 50,000,000 shares that are currently in the red, or close to it. The urge to sell on the way up to $0.05 will be like a heroin addiction. Sustained PPS appreciation can only happen after real investors take hold of INMG, buying it from traders and manipulators. My guess is $0.05/share will be enough to get many of the flippers to sell. Why wouldn't they? They trade for a living, and a 5-bagger is nice.
But I'm here to tell you, to bang on about it to use your vernacular, INMG's share price will not rise and sustain until INMG is making bank. That is real, that is true, and from me to you, it is absolutely free.
Time--to implement the CEO's vision, will generate REVENUE!
REVENUE!--will draw investors, creating visibility in the investing community.
Visibility--investors will push the share price up to places we can't imagine today.
Real REVENUE! generation and excellent growth prospects are what will attract investors and keep them here.
No doubt INMG has a lot going for it. But what is the missing ingredient here? Why has it languished under a penny now for some time?
Anyone?
You have to be patient with INMG. Watching the bids and asks all day will drive you crazy. INMG is now in position to start making money, that will drive the PPS. Be patient enough to let the business plan work, and you'll be rewarded.
If you were expecting to make a boat load of profit on this stock overnight, that was never going to happen.
What is a poor Zooooma to do? One investor says it's going to drop further, don't buy now. Another investor says it's a bargain right now, anything under $0.0125. Neither of those two investors provided any data to back up their assertion.
My advice to Zoooma is do your own research, find a price you're comfortable with, then take on a position size that allows you to sleep at night if it goes against you. Write that down and follow it on EVERY stock you buy.
INMG just started business this week. They are building to what appears to be something special. But it's still a speculation. It might go to $0.05 near term, but it also might go to $0.005.
Long term, who knows? Long term, meaning well into 2018, will be dictated by how much money the company generates, just like any other company in America.
If you're looking to make money short term, a quick flip, then read the charts. If you're looking to make some real money that you can afford to sit on for a while, buy what you can afford and enjoy the ride.
Bradshmj10 said:
READ AGAIN: SOME TRYING to induce selling:
They want you to think that it will take many quarters to show profitability to induce selling so they can flip... PERIOD
Everything you said about INMG is true. It's what we investors call "common knowledge." In penny land it appears to be a revelation, and just like in Ground Hog's Day, it's new every day.
The market already knows all these wonderful things about INMG. All of this information is baked into today's PPS. That's how this works. The stock market looks forward. If there is growth opportunity on the horizon, investors will buy it for that future opportunity. INMG has no fundamental value investing metrics today. It's too new to attract value minded investors.
I see people here trying to create their own hype in the hopes of finding that Huckleberry that they can dump their shares on. Restating known information is clearly not catalyst enough to generate enough volume to get to your exit price. But, and I know this sounds crazy, there is a way for you to get the price you want. And this crazy way will afford you more buyers than you can shake a stick at. When INMG is generating REVENUE!, you'll have to beat the buyers off with a stick. This method requires a little patience, INMG has to perform well and the world will beat a path to their door.
This whole pump and dump construct does not work with INMG. Primarily because your CEO does not treat this company like his personal ATM Machine. I know some of you still have high hopes that INMG will shoot to $0.10 tomorrow so you can take your big "win." A former denizen of these parts had a definition for that, "10 pathetic pennies of profit." And then there was some unitelligable comments about leglessness and all that, but I digress.
Think about what a $0.10 shot will require in order to happen. You need a whole new bunch of investors to come to the table. The sharks are already here, flipping shares daily for lunch money. The big catalysts, MJAC and the launch, have already come and gone. And they brought no whales to the pond, except that one crazy dude that bought $200k in 30 minutes.
What is the next best opportunity for INMG to attract investors? They already did a world wide launch on the two most affluent continents. That generated zero buying enthusiasm. You know what that next best opportunity is, but you're so invested in the idea of getting rich quick that you're rejecting history's best known method of getting rich. Buying underpriced value and waiting for the rest of the world to discover what you already know.
To bring this back full circle, it will not, as you incorrectly summarized, "take many quarters to show profitability." Q4 will provide a glimpse of REVENUE! Q1 2018 will be much more definitive. At best, it will take 2 months to enthuse investors with Q4 numbers. At worst, it takes 5 months to see the Q1 2018 numbers. REVENUE! will bring investors to the table, it will allow INMG to uplist, it will put millions of dollars in everyone's pockets that own shares at today's prices. If you don't have the patience to wait for this very short period of time for the company to show investors what their true value is, then yes, you probably should sell. Making a million dollars on INMG was never in your future.
I'm not trying to take anyone's shares, I've got 3MM plus. What I'm trying to do is show some fellow investors how to make real money on INMG. Together, holding shares into INMG's REVENUE! generating future, we'll all be millionaires. If the end game here is to dump all our shares into a quick rise to $0.10, then a few people will make some decent money, the rest that can't possibly get filled will be left holding shares they no longer want, which means they'll dump them for whatever they can get.
Sorry this was so long, but I'm passionate about this opportunity and I KNOW that patience will help everyone here make more money than they can imagine. INMG has proven itself to not be a pump and dump flip. It is a budding opportunity that is going to provide value once they've proven their business model to the world.
Very good points trefontane!
Flipping INMG has been the profitable play all along. No matter how high it has gone, it has always dropped back down to the levels we see today, giving you an opportunity to reload.
This model will work until Tom releases financials that attract value investors.
Like I said earlier, if you want to really cash in quick on INMG, then all you need is some hype and a Huckleberry. A fool to purchase your shares at a price so inflated it's guaranteed to drop like a stone. Your depiction of INMG, while accurate, is about a speculation and the possibility for the PPS to make a moon shot. Your CEO is not cooperating by putting out PRs every time they get a coupon for discount toilet paper, so I'm not really sure who is expected to produce the hype.
That's not why I'm here. I'm in INMG because the stock sets up as a potential investment candidate.
The only thing missing from INMG's story, to make it a true investment, is REVENUE! INMG cannot be a quality investment without it.
Anyone who argues against REVENUE! as a necessary ingredient in the profit mix is someone who is looking for a quick run to $0.10 or $0.20 so they can sell and move on. There's nothing wrong with that, so I'm not making any judgements here. Traders gotta trade.
But make no mistake, INMG can only possibly skyrocket and then flame out into obscurity without REVENUE! And since your CEO is not treating his company like a personal cash register like most penny operators do, the possibility for a skyrocket PPS movement is pretty much nil. So, like it or not, you're stuck with REVENUE! as the generator of your personal profit opportunity on INMG. All of the super-duper hype opportunities have come and gone with the hard launch in the books.
This, of course, is my opinion.
Hey, sometimes a blind squirrel finds a nut!
I was really hoping the importance of REVENUE! would get through. But hey, if the tongue-in-cheek history lesson got through, it wasn't a total waste!
I hear ya. We just need some hype and some buying interest to get that old PPS cranked up.
But none of that will take this company into the realm of investment grade. Only REVENUE! can do that.
If you're looking to get out with some quick profits, then all you need is some hype and a Huckleberry.
If you're looking to make some serious money because the enormous number of shares you bought for next to nothing is monster leverage, then you need REVENUE! to attract real money into the position.
Again, I'm merely pointing out the difference between investment grade and speculation. INMG is a speculation. But the plan, if properly executed, can turn INMG into an investment.
Any of those events you mentioned could definitely attract some attention, but it's the type of attention that INMG already has, in spades.
We're talking traders that want to make a lot of money fast. A December Cannabis event will not attract an investor. As soon as he sees that the company has never in it's very short lifetime booked any REVENUE!, will run as fast as he can in the other direction.
That conversation looks like this:
Potential Investor -- "What are INMG's ratios?"
INMG Shares Salesman -- "It doesn't have any."
Potential Investor -- "When will it have ratios?"
INMG Shares Salesman -- "Not until after Q1 of 2018."
Potential Investor -- "Talk to you then, when there's some meat on the bone."
In the meantime, any interest in INMG shares will be met with volumes of sell orders so the flippers can eat. It's what we saw months ago, it's what we see today, it's what will continue to be until the REVENUE! stream is kicked into high gear.
Today there is not a single share of INMG owned by an investor. That's because INMG is not an investment, it's a speculation. Investments are measurable, INMG is not measurable. Certainly not by any prudent standard of investing. My position is 100% speculation, I understand that INMG could crash and burn, leaving me with a burning hole in the ground where my shares used to be. This is the OTC, I sincerely hope that people haven't lost sight of the risk.
I just looked it up, in 1340 The Black Death had a more successful launch than INMG had today!
If you're offended by that, then you probably had some really unreasonable expectation about how today would go.
If you're not offended by that, then you might appreciate the fact that I was able to snag another 300,000 cheap shares today. Yay me!
We've known for a long time that INMG would launch today. Shares have been cheap and plentiful. Anyone who wanted shares has already bought shares. The calendar flipping from November 27th to November 28th was a non-event.
What we need now is, say it with me kids, REVENUE! REVENUE! will attract investors. REVENUE! will give us metrics by which to establish a value on INMG. REVENUE!, and lots of it, will cause the PPS to soar. REVENUE! will take this company out of the hands of day traders and penny flippers, and bring it to the world of investors.
Q4 fins will only show 1 month of REVENUE!. Q1 2018 will be the first reasonably accurate measure of INMG's worth. If you don't have the fortitude to wait that long, you should probably sell your shares to me tomorrow. I promise to take your shares and make a lot of money with them. I'm pretty good at this.
What makes you believe that INMG is a "dog of a stock?" Are you talking about the PPS movement, or its business model?
Revenue will drive this company, not events or investor enthusiasm for a penny stock.
We've seen massive selling into every rise in the PPS. Traders control this stock. That will remain the case until INMG manages to go mainstream, attracting more investors than just the nickel and dime pumpers on the OTC.
INMG will not go mainstream until they start booking some serious revenue. Q4 will give us a glimpse, but will only be 1 month of revenue, so it won't be definitive. Q1 2018 will start to give us a better picture.
I do not trust the pump. On that we agree. However, there are two sides to that coin. The pump and dump side, and the bash and buy side. I look at pumpers and bashers with equal amounts of disdain.
What do you think will happen with INMG's worldwide launch on Tuesday?
The first potential round of dilution would be June 25th, 2018. That's exactly one year from when the restricted shares used to purchase a minority stake in Night Flight were issued. From the PR:
The Company’s equity interest in Night Flight, Inc. was purchased with a combination of cash and through the issuance of restricted common shares of the Company’s stock and was completed on June 25, 2017.
It's difficult to overstate the importance of a good balance sheet, and the toxicity of dilution to share holders. We're golden on both accounts.
How much revenue would INMG have to produce in order to support a $1.00 PPS?
Comparing INMG to JBZY is not even close to valid.
I could go on for days about why not, but suffice to say that INMG is "the YouTube of all things marijuana." JBZY is an "electric car maker with world class battery technology."
They are both bought and sold on the OTC, currently. However, these two companies are not in the same zip code with regard to where they are going.
That lines up much better with the overall numbers.
Agreed, revenue will drive the price from now forward. The question is, how much revenue can they generate on this platform?
There is some disagreement here on revenue potential and PPS based on market metrics.
Some preliminary numbers show that $2M in quarterly sales could support $0.25/share. Factor in some growth and you could be talking $0.30 to $0.40/share.
I'm in the camp that says it will take at a minimum, several quarters to achieve this. There are very few people to talk to in this camp. Think Maytag Repair Man.
You're probably right about Tom's involvement. And it's probably just step one. Next step will be buying Radio Loyalty, another good fit for INMG's platform. TSMI is dead in the water, Tom is just picking the carcass.
That makes sense. There are so many pieces to this, so you just grab a string and start pulling!
Taking the math one step further, $2.25 Billion, for 300,000 units, is $7,500 per unit. Are high speed EV's selling for that little in China, or is this a battery factory?
The agreement is with ZJMY, so a battery factory would make sense.
Completely agree, B-Man.
Anyone pining for a massive PPS movement over a brief period of time are just looking for a great sell point. They aren't truly long, they are just slightly "longer" on INMG than the average penny stock play.
The real money in INMG is way down the road. Only folks who truly understand this will make life changing profits. Those will only come when INMG is an established world wide brand and is gushing free cash flow.
None of that is true about INMG today, as evidenced by the Q. And as evidenced by the buying/selling volume on this ticker. No one knows about us yet. We are not selling anything yet. $0.25 by Thanksgiving is not going to happen. Today, I'd be happy to see $0.02 sustained by Thanksgiving.
That's a downner, I know. But if you view what I've written here as a downer, then you are not truly long on INMG and your expections are not realistic. There are far easier ways to make easy money on the OTC. INMG is not your Huckleberry. But, if you are interested in making some serious ching, and have the patience to wait until Tom builds this company from the ground up, then I'll ride with you!
It is definitely exciting news, that a municipality is willing to pony up some construction cash and provide land for a new production facility.
But the devil is always in the details. This is not a purchase agreement for $2.26 Billion in EV's. Everyone needs to be clear on that. It's an agreement between ZJMY and Qintang District to co-construct a manufacturing facility that will ulitmately product X$ in tax revenue for the District.
Hopefully they'll be breaking ground soon, or none of that revenue will hit their books until 2019, earliest.
From the article:
On September 20, Qintang District of Guigang City signed a cooperation framework agreement with Zhongji Mingyang New Energy Company to build an annual output of 300,000 vehicle high-speed and new energy vehicles with a total investment of about 1.5 billion yuan and a land area of ??about 500 mu. After all are completed and put into production, annual sales of about 15 billion yuan, annual tax of 500 million yuan.
The way I read this, it's an agreement between ZJMY and Qintang District to build a plant that will have potential output of $2.26 Billion. Qintang District is investing in the construction and providing some land for said construction. This does not read like a contract for the Qintang District to buy $2.26 Billion worth of EV's.
So not only is this NOT an agreement to purchase $2.26 Billion of EV's, it's describing a manufacturing facility that has not yet been built.
I think we're closer to agreement on JBZY than disagreement. I didn't buy 500k shares because I thought this company doesn't have a future.
I've been sitting on this position for a long time, the opportunity cost has been enormous. But JBZY is what I categorize as a "high conviction trade," so I wait patiently.
The answers will certainly lie in the reveal. What is the value of everything held by JBZY and what contracts do they have for current and future production? What is the market willing to pay for all that and their future growth potential? Until some metrics are established, the old crystal ball will remain pretty hazy.
The DD paints a very sweet picture. Again, thanks to everyone who has added value to this board, I certainly appreciate it. I just think it will take longer than the concensus here to gain NASDAQ status. However, I do believe it will get there.
Ultimately I'd love to write covered calls on my entire pile and take my cash that way, so uplisting is DEFINITELY in my best interest.
Hell, TESLA has never made a nickel and they're valued higher than Ford, so go figure. If they're worth $300 Billion, then JBZY could certainly come in at $3.5 Billion and a $4.00 PPS. The market doesn't always make sense. It's not required to make sense. If JBZY pops on consolidated financials to some crazy high number, I'll be as happy about that as the next guy. I'm laying higher odds on that probability, though.
Your post makes me think it's time again...
$4.00/share is about 51 times higher than today's share price. How much would have to be rolled in to JBZY to get to that number, and much more importantly than just get there, to sustain at $4.00/share? Someone has to be a buyer at $4.00 for it to stay there. Are you a buyer at $4.00/share? I'm guessing you're a big seller, and enjoying your retirement at $4.00/share. In all honesty, I can't say that I'll leave $2M on the table and let it ride for more. But I don't think it'll get there overnight, so I'm in for the long haul.
On IHUB I'm always concerned about the perspective. I'm a value investor, so I look at things from that perspective. Penny stock traders look at it from a pop and peddle perspective. NASDAQ uplisting requires way more investor enthusiasm than to just rocket the stock to $4.00. It requires investors that are happy to buy and hold above $4.00. Many of the folks on this board will be long gone at $4.00!
OWC& shot to $3 on news that they'd be included in an ETF that never got SEC approval. It subsequently crashed by about 90%. The only value in that is if you were lucky enough to get your sell order filled at that crazy price. I'm not saying that's a bad thing, I'm just saying that's not why I'm in JBZY.
If what you got out of my message was that I want to sell at $0.20, then I guess I failed at conveying my message.
What ticker went to $3 in 3 weeks?