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That, my friend, is sarcasm. He makes fun of those that sell the sizzle, not the bacon.
Sorry I put numbers and stuff in my post. I had you on ignore, maybe you should do the same for me.
$2.42?
$43,552 is $0.00017 cents per share, so close to meaningless that you pretty much have to call it that. At the very least it's disingenuous to call that "revenue." The fact that they didn't lose money is the achievement here.
This money is pre-CannaNetTv, so it doesn't really have anything to do with the core revenue generating platform that's about to launch. As has been pointed out recently, INMG is becoming something completely different. What they've done isn't closely related to what they're about to do.
$2.38 by Christmas! Yeah, Baby!
It's good to get away for a while and forget about the markets. Have a great time!
IMO, The key to hanging on long term for profits is whether or not you've got the correct position size for your portfolio, and for your temperament.
If you're over-extended on INMG looking for a big payday, then you won't be in it long enough to make real money. A run up to 5 cents will shake out those that don't know themselves well enough as investors to know that they aren't positioned properly.
As evidenced the past couple of months, INMG rests firmly in the grasp of traders. Value investors are present, but they're buy and hold and most of that buying is done.
A few of us here have large positions and have the temperament to hang on for another 24 months if necessary...to make real money. The only way you can be in this camp is if you understand the long term prospects of the company, have the right size position based on sound investing principles, and won't get shaken out every time INMG dives under a penny.
On a related note, timid investors that buy at .014 and sell at .009 are helping good traders to pay their mortgages and feed their kids, so they do serve a noble function. God bless the timid trader!
The INMG ATM machine is still open. Rhetorically speaking, what's not to like about that?
I saw a graph recently that showed in 1970, investors held stock positions, on avergage, 5-6 years. Today that average hold timeframe is down to 8 months. Takes a lot of trading to move the needle that far.
INMG could go up dramatically, but investors on this board will supply a LOT of selling pressure if it does. Traders gotta trade.
Traders own this stock, today. We need good old retail buy and hold investors to start picking up shares. Some of the traders on this board are "long," but we saw what happened at 4 cents. Couldn't maintain that PPS for more than 2 trading sessions. So there aren't nearly as many longs on this board as people claim to be.
We need retail investors, revenue, brand recognition, more revenue, unique offerings, millions of subscribers, even more revenue, agreeable law changes, and a boat load more revenue. If we get these things in abundance, INMG could go to several dollars. That's a very long term prespective, though. Tom Coleman is likely the only current shareholder that will be around to see all that come to fruition. With 3M shares am I going to hang around past $1? Honestly, probably not with all 3M. I would hang on to some, though, if dividends are on the table.
Short term, IMO, INMG will continue to be controlled by traders. Even after the launch. As long as short term opportunists control INMG, the PPS will be punished at every turn. "No PR from Tom? SELL!" "Quick 10% profit? SELL!" I can see a sub 2 cent PPS for at least another 3 or 4 quarters. Again, my opinion. But until the grip that traders have on this stock is broken, we should expect more of the same. Like the old saw goes, "If you always do what you've always done, you'll always get what you always got."
Traders will continue to buy the share price up, and then sell it back down. Cuz' traders gotta trade.
Facebook wasn't making any profit, but had 700 million subscribers when they IPO'd. The path to monetization was slow and meticulous. Brilliant, really. INMG needs subscribers, they don't have any to speak of, yet.
If we're really going to make a FB comparison with INMG, today INMG is Facebook before they launched their website. If the timeline analogy holds up at all, prepare yourselves to hold INMG for another 7 or 8 years.
In a way I suppose you could consider INMG to be the FB of the MJ space. They offer a lot of different social opportunities. FB's primary advantage is that they've created an ecosystem, one that offers most everything, eliminating any reason to leave. INMG is attempting to travel that same path. From INMG's ecosystem, you'll be able to; listen to your favorite radio programming, buy your favorite products, watch entertainment content such as movies and the Night Flight lineup, catch a documentary about new pot laws, or chat with your friends. From time to time you'll be able to catch a special event.
Let's just hope INMG doesn't become the Myspace of MJ. The public is fickle. If Tom's a big stoner, then at least he'll have the advantage of knowing his customer base.
I used to make fun of the manic pumper with "$2.37 by Christmas, yeah baby!!"
Then someone said $2.38 would be better because that's the point at which his pile would be worth $1,000,000, so I amended it to $2.38 in his honor.
Just a goof, I'm stoked about having 3M shares. Remember, I'm the guy who tends to step on the pumping, so if you ever see me pumping, you know it's in jest.
Nice day shopping today. Picked up 100k at $0.0125 and another 150k at $0.012. Thanks to the impatient investor that sold them to me! I promise to take really good care of them.
Add that to the 300k I picked up last week, and all the shares I've been sitting on for months...just joined the 3M share club!
$2.38 by Christmas, yeah baby!!!!!!
I picked up another 300k today, was looking for an additional 250k, but no dice. Do you think he's got a few left he can sell to this legless beggar tomorrow?
As always,
NEVER. TRUST. THE. PUMP.
Good point. Some did not learn the lesson of MJAC, which was that attending a trade show, in and of itself, was not enough to move the PPS. Only revenue can do that. MJAC was billed as a "major price event," but turned out to be a net negative.
Oct 2, as you stated, is not going to move the share price. Company hasn't launched yet. That date is reserved for making MJAC available on their website, MJAC has already been baked into the price.
The trouble with this thinking, IMO, is that INMG is a long-term value play, but folks are trying to shoehorn the company into a technical/momentum trade. There aren't enough investors yet interested in INMG to generate momentum. Revenue will bring them here at some point in the near future. Replaying old footage from a trade show is not going to bring a ton of investors and open their wallets.
INMG is brand building today. This process will take time. Once they're known to the general public, up and running, and most importantly, MAKING MONEY, investors will come and the PPS will do wonderful things.
A certain manic-pumper keeps telling people that patience is one of the required virtues here to make a fortune on INMG. And then he breaks ranks with his own advice and tells people that the PPS will be $0.25 by Thanksgiving, thereby shooting his credibility in the foot.
He's right, you must be patient. Patient enough to allow Tom to do his thing. Patient enough to know that this is not your average pump and dump penny stock play. It's a long-term value play.
NEVER. TRUST. THE. PUMP.
Great post!
You should re-post this a few times a day, especially after down ticks in the PPS. It might be beneficial for the overall mental health of this group!
No revenue, no meaningful price appreciation.
INMG is working on brand recognition, that will be a long process. Folks on this board are the 1/2 of 1 percent of all investors. We actually know where this company is going. The other 99.5% don't have the foggiest idea what's happening here.
Revenue will be like blood in the water, attracting all manor of predators. In the meantime, enjoy the swim.
Don't hold back AZ, tell us how you really feel!
Nice Palindrome, by the way.
I was looking at Youtube's advertising structure for some ideas about how INMG would do it.
Sounds like that means the viewer doesn't have a choice to not watch an advertisement. Do you run the risk of alienating the viewer?
I have no idea what the right way or the wrong way is here, but it is about getting eyeballs on your content and keeping them there.
I sincerely hope you're right.
I did some digging on YouTube's ad cost structure, it would take about 40,000,000 views to get to $8M in revenue.
What we don't know for sure is how Tom has the ad pricing structured. On a website there are full ad views, clicks, and sidebar ads, among others. The viewer usually has the option to watch the ad or not. Opting to not watch the ad becomes a non-payment event.
Put me down as skeptical, but I certainly wouldn't complain if they reach those figures.
There's a lot of uncharted water here, the picture will unfold as financials are released.
Do you think INMG will generate $8,000,000 in annual ad revenue right out of the box? Or are you arriving at the $0.25 figure by another means?
There is very little to go on in terms of financial data to determine metrics. But, since you postulated $500,000 in ad revenue, let's start there and see where a back of the matchbook discussion leads us on price per share.
Ad revenue is sales, so a Price to Sales Ratio could be helpful. The formula is this: Share Price / Revenue per share.
Let's make a few assumptions, using the $500,000 figure. Let's say that they'll continue to generate that much every quarter, for $2,000,000 in annual sales. And our target share price is $0.25/share. Here's the math...
Share price = $0.25
Sales = $2,000,000
Total Shares = 256,724,670
Revenue per share = $0.008/share
Price to Sales = $0.25 / $0.008 = 32.09
The industry average for "Internet Services and Social Media" is 8.2. This figure is 4 times lower than the 32.09 calculation for a $0.25 PPS.
$0.06/share would be a more reasonable prediction of share price based on $2,000,000 in annual sales and 256.7M shares.
There's a lot more that goes into it, things that aren't yet known in terms of revenues and burn rate. In order to get down to the industry average, annual sales would have to be more on the order of $8,000,000.
Is that doable any time soon? I have no idea.
Cherry, I can see that you truly believe INMG is the real deal. Just remember this, anyone who tries to tell you what the share price will be by a certain date is making it up. Nothing crazy, like $20/share, just $0.25. Low enough to be plausible. You've probably already pulled out the calculator and figured out how much your shares will be worth when it hits $0.25 by Thanksgiving. And that's a nice number, indeed!
The truth is that I'm your best friend here, because I'll tell you that INMG has no metrics, they haven't even launched their primary business yet. Pumping INMG by making up a PPS by a certain date is designed to get you to buy it. No other reason for it. And I can guarantee that the manic-pumpers will have sold WAY before you do, and at a much higher share price.
Quick question. What is your exit strategy for INMG? A good investor will never enter into an investment without first knowing where the exits are, for profit, or for a loss. I'd be happy to have that discussion with you.
Couple of things:
Never let someone else's DD make your investment decisions. That's the quickest way to the poor house. NEVER put trust in a stranger, especially when your money is on the table. In the case of the pre-packaged DD you get on IHUB boards, you have to distrust that DD until you verify it yourself. No one is here to educate you, they are here to make money. More often than not, that means taking it from you.
You mentioned:
all this negative talk needs to end so that new shareholders or possible new shareholders will get involved with the company and that responsibility is up to us to talk positive about the good things that will come from this company
On this I agree. The talk on this board should be an honest exchange of ideas. New investors coming here will be turned off by bickering. But let me ask you a question. What will new investors think when they read that the PPS will be $0.25 by Thanksgiving? They'll think they've just hit the motherlode! They'll buy more shares than they can truly afford, and then wait for all the money to roll in by Thanksgiving! What will those new investors think when they find out that the manic-pumper was blowing smoke and it turns out the company won't actually make a dramatic PPS move until there are corresponding revenues, like after Q2 in 2018? They'll sell their shares for for a loss, and move on. Who do you think they'll be selling them to?
What I am is a contrarian. Doom and Gloom never enters into it. If I was down on INMG, I wouldn't follow it. Not enough hours in the day. I'm in 3 penny stock plays today, INMG is the only one I follow closely.
I've never been more positive about my position in INMG. Lots of good things happening right now, potential is still there. And, I respect you and this entire process enough to not make false claims about that potential.
What galls me is the manic-pumping. There's only one reason to pump INMG. You are selling it. If you are long, you don't care what the bids and asks are. You buy it and hold it because you're sure there are good things down the road.
$0.25 by Thanksgiving is PUMP. If there's anything to it other than pump, I'm sure he'll be glad to explain it. If he won't explain it, it's manic-pumping and he's selling shares. I'm certainly okay with that, a trader's gotta trade. But he's representing something different, which is an ethical issue. And it shows a clear disdain for you, the rest of us, and this entire process.
Ask him. Ask him to explain how INMG will be $0.25 by Thanksgiving. He made the claim, it's reasonable to ask him how he arrived at that figure.
Perhaps the Sensei will be good enough to explain to you how INMG's stock price will be $0.25 by Thanksgiving.
Ask him.
Sorry if it appears that I've stolen some of your thunder. You definitely have been a voice of reason rather than a doom and gloomer or a pumper.
As GW pointed out, a lot of reasonable content here is drowned out by the constant agonizing over the tick by tick PPS movement.
There are a lot of catalysts lined up that should be PPS positive. And there are a lot of potential business pitfalls that could be PPS negative. Tom has a plan, now he has to execute. That is not going to be as easy as some might think. The mere act of launching the channel does not guarantee success, and therefore does not guarantee a huge runup in the PPS. It may cause a spike, but spikes are met with subsequent drops if there's not enough revenue to hold it up. Initially there will not be enough revenue to hold it up.
Because of that revenue situation, and the need for resources to get the company running, we are going to see dilution. Necessary evil, better than toxic debt, but another hurdle for shareholders to climb over.
$0.25 by Thanksgiving. Please explain that.
If, as you say, CannaNet.Tv gains some traction, it can go up quite a bit from here, and for quite some time. Demand appears to be strong for advertising, the growth phase could be phenomenal.
Traction comes in the form of eyeballs on CannaNet.Tv, and for how long each day. That's the key here. If the public enjoys CannaNet.Tv's entertainment offerings, this will work. If they tune out right away, INMG will flame out.
Estimating current assets and potential for the future is impossible at this point, at least from the perspective of what we know today. You can determine what the current assets are worth, nominally, but you can't know how much revenue they will generate on this platform until they're put to work. And, they can't keep playing "Up In Smoke" day after day, a lot of capital will have to be plowed back into INMG to keep the entertainment fresh, topical and popular.
Future growth potential is off the charts, but it won't get out of the gate if the public doesn't accept it. We think we know that advertisers will line up out the door to buy some air time. But we also know that advertisers will run for the exits if no one is watching CannaNet.Tv.
That's the thing you won't hear on a "long" INMG board. There's a chance this horse never gets out of the barn. Our fortunes are tied to stoners tuning in and staying tuned in.
Then we have manic-pumpers spewing crap like $0.25 by Thanksgiving. That only serves to insure that investors we might pick up along the way will sell when that baseless expectation isn't met.
I see the manic-pump is in full bloom today. $0.25 by Thanksgiving. Would either you or the manic-pumper care to give some reasoning to back up that assertion?
Seriously, give me some metrics, something that makes sense. I'm very reasonable when it comes to an argument made intelligently. Manic-pumping, not so much.
NERVER. TRUST. THE. PUMP.
Cherry advised:
I can tell you this please make sure you lock up your shares with a good till cancel over a dollar you will probably have to call your broker to have him do it manually but trust me the float is getting very tight and locked up with long hands tbe market make will have no choice but to raise the PPS and stopped in manipulation games
Good advice, but one caveat. This only applies to margin accounts. Brokers can't lend your shares if your account is non-margin. Most IRA's are non-margin.
From Zack's:
Lending Stocks
Your broker tracks whether stocks have a margin loan or are non-margin due to the potential to lend shares out of a margin account. When traders sell stock short, the broker lends the shares sold short. Those shares can come from broker customers that have margin loans on their accounts. So non-margin stock in any type of account cannot be lent out by the broker.
84-88 102nd MI BN, 2nd ID, Korea.
Oh yeah, almost forgot. Go INMG!
I don't disagree with any of that. But everything you wrote is going to have a birthday soon. Old news.
You have to pump a penny stock with no revenue. You NEVER have to pump a stock with revenue. As you've stated many times, INMG is a value play and long term. But here you are, pumping INMG every day. There's only one reason to be concerned with the daily stock price, we're talking the F-word here. I understand, though. Traders gotta trade.
NEVER. TRUST. THE. PUMP.
How much money is Tom going to make between now and the soft launch?
Without revenue, stock price increases will be temporary. Sure, it's great that the company is progressing, but the stock price will not rise and remain until revenue is flowing.
This company is not about launches and PR's and flowery speeches. This company is about generating revenue in the form of ads and subcriptions. Until those revenue streams are flowing, you can't expect INMG's share price to rise dramatically and stay there. Not going to happen. As always...
NEVER. TRUST. THE. PUMP.
Good post! What branch did you serve in?
I would add one thing about the DD. Manic-pumpers telling you this stock is "going to the mooon" isn't DD. Do some research, filter out the noise, that's the way to truly "know what you own."
This also helps you to manage expectations. When the manic-pumpers tell you that it's going to 10 cents after MJAC, and it doesn't, your expectations have been destroyed and you look for excuses. Filter out that noise.
NEVER. TRUST. THE. PUMP.
I'm completely with you on the 12-24 month timeline. Mine is a long-term perspective, I rarely get into penny stocks. I've got stocks in my
portfolio that I bought during the Bush Sr. administration.
INMG is investment grade, but if all you're looking at is the price history to tell you the story, you'll miss the value story by a country mile.
To be honest, I hope the share price gets cut in half from here. Lessons will be learned by the "buy and fold" investor, and I'll double my position to 5M shares.
In the end, it doesn't matter what the share price is today. It matters what the share price is 24 months from now after INMG has had a chance to execute their business plan.
The only thing I need to hear from Tom Coleman is, "We had to purchase a second cash register, the first one is full."
My bad. I see now that you were quoting jrf30.
When I first arrived on this board I talked about having an "exit strategy." I was bashed by the manic-pumpers. I wanted to talk about good investment strategies to maximize profit, you know, on a stock specific board on an investing website. I was here to learn a few things and share what I know.
Manic-pumpers weren't having any of that.
Fortunately, the tone here has changed over the past several months. Just too bad that some people bought the hype and thought MJAC was going to produce a 10 cent plus PPS. That's why there is so much derision for Tom and his management of INMG. They think Tom hosed them out of some serious profits.
Truth is the manic-pumpers talked them into thinking those types of profits were going to be available, after a trade-show, attended by a company that isn't currently selling anything.
NEVER. TRUST. THE. PUMP.
Bumper stickers and T-shirts are available in the lobby after the show...
I've been sharing this with some friends that also bought INMG shares: