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If you were played, it certainly wasn't Tom Coleman playing you. It was the over-zelous pumpers on this board. I've said from day one that the level of pump by longs on this board is borderline criminal. Clearly they're just making things up and reporting them as facts.
If Coleman is guilty of anything, it's neglect. He hasn't said a single thing since I've owned this stock. Fortunately for me, I don't need sweet words whispered in my ear to convince me that this is an opportunity.
Any investor that is broken up inside about today's stock price has taken on more risk than they can handle. Sell some shares, lighten the load. Things will look better from that perspective. I'd even suggest selling some shares at a loss. A burned finger will keep you away from the flame.
If you did your DD, and you determined that INMG will be worth a lot more down the road than it's worth today, then it doesn't matter what today's share price is. Buy a postion size that you can handle, filter out the noise, and wait for the real catalysts to kick in. Company hasn't even launched it's flagship product yet. A PR from Tom tomorrow will just allow the queasy to get out. If this thing drops down to .005, I'm doubling my position to 5M.
Maybe becuse they're going to launch soon? It would have been a waste of time to roll out social media engagement 2 months ago. Everyone would have gotten excited about the project and then moved on with nothing happening.
That's a fair assessment. I've been thinking along those lines, too.
No OWCP-ish 2 cent to $3 moon shots, no $1 by the end of the year, no MTV or ESPN of the pot world. Just slow, steady growth in a brand new market.
We won't make $1m over night, but you might wake up one day a couple of years from now, and look at your account to find that you're there.
You aren't kidding INMG was bought by many for the wrong reasons!
I can see about 10 of us still here in 6 months, after two quarters of revenue.
Penny stock traders, generally, aren't built for a marathon, they're sprinters. If you're not typically a buy and hold investor, this is probably driving you nuts. Penny stock investing is the exception for me. I approached this as an investment grade stock, did the research, and built a position. Looking out ahead, it will take a good year for INMG to really come into it's own. It might take longer than that to make serious money.
Anyone with an investing horizon that goes as far as next week should probably sell on Monday.
StockWrench opined:
They already have revenue.
I make more money today than INMG does. That's not revenue and you know it.
Tom will release a PR when he's done with whatever deals he's working. The price will surge on euphoric volume. Buying will dry up, flippers will take over and sell the price back down. Until the next PR comes out.
That is INMG's future until CannaNet.Tv is up and running. And...PROFITABLE.
Dispute that.
All this bluster about a PR is meaningless nonsense.
This puppy isn't launching until "some time before Thanksgiving." This tells anyone who cares to listen that a PR today will boost the share price for a day or two, allow flippers to flip, and it's coming right back down.
Then folks will be crying for another PR so they can flip more shares.
INMG isn't going anywhere until they have a functioning cash register.
NO REVENUE = NO SHARE PRICE
Can anyone here make an argument that says INMG can sustain a 5 cent share price without revenue? 4 cents? 3?
Bottom line. If you're concerned about a PR coming from INMG this early in the game, YOU are flipping shares.
I self-censor all the time. Something makes me want to respond, I write it, read it, then delete it knowing full well that someone is going to delete it for me.
We already know that Tom doesn't make statements until they're meaningful and done deals. We don't need you to confirm what we already know, then call it "good DD" and take credit for it.
Maybe there are a few posters on this board inexperienced enough to believe that what you just posted had any value. But most of us aren't. My advice to you is, just stop.
Never trust the pump.
From INMG:
"Ultimately CannaNet.TV expects to be available on most online distribution platforms and is also looking at satellite delivered conventional TV distribution to be added down the road."
Translation:
"Satellite delivered conventional TV distribution" = DirecTv.
"Looking at adding this platform down the road" = a couple of things.
First, CannaNet.Tv will have to be very popular and very profitable. DirecTv won't get into putting some crappy little content provider on their satellite system.
Second, this is a few years down the road, after much success and everyone on this board are already millionaires.
Pumper #1 calls this a "game changer." Don't expect it to change the game in the first quarter of game 1. This is more a "season changer," with results coming after game 15 and we just earned a spot in the playoffs.
That reason won't exist until CannaNet.Tv is running and profitable. Some day, but not today.
That's not true. You can't help yourself. You will leak minor details here and there, because you want to make sure that everyone understands how brilliantly you've crafted the DD. Whether the prediction materializes, or not.
Passive-aggressive puts you pretty close to the ignore list, there's no value in it. If there's a PR coming from INMG, we'll hear about it. With or without your maudlin half-prediction, half-admonishment.
Tom didn't "go dark" as you put it. He doesn't produce fluff PR's, so he has consistently not put out press releases.
If any investors expect that a man who doesn't do that, to start doing it to suit them, then maybe they are not invested in the right company. There are plenty of penny stocks where the CEO is happy to accommodate the flippers.
INMG is not one of them.
INMG is nothing like Uber or Amazon. It's more like Spotify, Pandora and iHeartRadio. Perhaps Youtube or Hulu. If we want to see value potential, we should look at companies that are similar.
Saying it's like two unrelated, successful companies because they, too, were both at one time "ground floor opportunities" is like saying that StockRocket has the same athletic potential as Tom Brady because they both have 2 feet attached to their ankles.
No doubt there is explosive growth potential in the sector. There are thousands of companies in this sector. A handful will be successful. INMG hasn't yet proven that they'll beat the odds and be part of that growth.
I believe they will. But it's purely speculation as of today.
First there has to be fundamentals.
In fundamental analysis, you examine things such as; revenues, earnings, future growth, return on equity, and profit margins. This information is used to determine a company's intrinsic value and future growth potential.
You might also take a look at their bond rating, to determine the prospects for expansion against future growth.
None of these fundamental data points are currently available for INMG. They are not yet a fully functioning company.
All of the above is why the PPS is still so low. No meat on this bone for fundamental/value investors to pick. YET.
Lack of communication is one of the biggest factors in employee disastisfaction. And I guess you could say for many investors, too.
I'm at a point in my investing career where tidbits from company insiders don't mean much. I look for value that isn't apparent to most, and when everyone wants it I'm selling my shares to the late-comers for top dollar. That process doesn't require the CEO to say anything.
Quite frankly, I don't trust most people to begin with (especially when I have money on the table), and I don't know Tom at all, so there is zero trust there for me. Tom still has to earn my trust. The only way he's going to do that is to ring our cash register. If he wants to talk revenue and contracts, I'm listening. If he wants to talk about how simply wonderful all the attention was at MJAC, he already lost me at "simply." Meaningless fluff is a waste of time.
I know that everyone wants some super meaningful information to help them form a better idea of the value of their investment, but INMG isn't operating yet. What could there possibly be that he's withholding?
$2.37 by Christmas! Yeah, Baby!
Quick question about this need for a PR:
Are you long, or looking for an exit point?
Okay, point taken. You shouldn't chastize for speaking in absolutes by speaking in absolutes. Very little is for sure in this world.
I'll amend that statement to say, "I strongly believe that if by some miracle it gets to $0.04, it isn't likely to stay there." That should satisfy the lawyers!
No doubt. But, as you mentioned, this will take time.
There is no sane reason to believe that INMG will be at 4 cents by Friday, with any hope of staying there. Nothing provides support for INMG at 4 cents. If by some miracle it gets to 4 cents by Friday, I can then guarantee that we'll see sub 2 cents again, very, very soon.
People who don't know how to value their investments read what you write and believe it's true. That kind of leadership comes with a lot of responsibility. Be responsible, Camelot. Fairytale pump price predictions are not responsible.
INMG will be a very valuable company one day, but we're not getting a whiff of that until they start making money. There's a mountain of evidence that backs this up.
A few observations about today and MJAC:
1. If your investment success depends on the CEO putting out a PR to add value to your position, you are a trader and not an investor.
2. There are no "high value investors" crawling over each other trying to grab shares of INMG. I know many high value investors, they don't trade in companies that do not generate revenue. Period. This is how they become high value investors in the first place. I've talked with a few about INMG, gave them the elevator pitch. Each of them said basically the same thing, call me when they're making money.
3. If you are traumatized by today's price action, you have taken on more risk than you can mentally handle. Do yourself a favor and lighten the load tomorrow. Sell a few shares, take some risk off the table, and things will seem a little better with some cash in your account. If you won't do yourself that favor, then do the rest of us a favor by not crying about paper losses on a penny stock.
4. INMG hasn't made a dime yet. There is no reason for a value investor to be here. If you don't have the patience to hold your position until INMG is up and running for a few quarters generating revenue, then you should sell and move on to something better suited to your shorter term thinking. Not a value judgement here on any individuals, more a value judgement on INMG as an investment opportunity. Everyone here now has ample evidence that INMG is not a short term, get rich by Friday proposition. If you want some "to the moon," watch old espisodes of The Honeymooners.
5. INMG was not well attended, at least not by the standards set by IHUB. Two days prior to the event they tried to give me a couple of free tickets. This event was WAY OVERHYPED by some of the investors on this board. And by overhyped I mean borderline criminal.
6. If you were truly long before MJAC, you should still be long today. INMG is a first to market entertainment and advertising platform in an exploding market still in it's infancy. Revenue is right around the corner with the hard launch in Q4. With revenue comes the type of volume and price movement that can only be generated by investors who buy long term. Revenue also brings analysts to the party, institutions that predict price movement that other investors blindly follow. It's all about the Benjamins. If you can't wait until the Benjamins start flowing, then you should sell tomorrow.
7. In case you missed it, the central theme to what I've said is REVENUE. INMG will never get out of neutral until they are ringing the cash register.
Sadly, that's what we've come to in America. Making 20% is boring! 20% on a $1M portfolio is $200,000 in annual income. I'll take boring every day of the week.
I'll shoot you a PM...
Going2Pot said:
I Need to try hitting singles not home runs all the time and not trade with emotion. Fear of missing out kills me most times.
The need you just described is selling puts. Unfortunately you can't trade options on INMG. Put selling is a very conservative way to "hit singles" for income, when done properly.
When I retire I'll do nothing but sell puts to generate income.
Let's hope it dips at the open (so TheDroids19 can pick up a few) and then jumps up like crazy. I'm getting tired of all these friggen gaps that get filled. The chart has set up pretty nice, though. Since July 1 there have been a series of higher highs and higher lows.
They aren't popular here, but the techies are definitely spot on in tracking the price movements of INMG. They have now called TWO dips to fill gaps that all the longs said couldn't possibly happen.
TWO.
I'm a value investor that doesn't usually get concerned with short term price movements, but when you see something that goes against your belief system that has merit, a smart investor takes notice. If I stick around in penny stocks longer than the 3 I'm in now, I will do so with more knowledge of the technicals. Most penny stocks have little to no fundamentals, so trading on technicals only makes sense. I still haven't figured out why the longs refuse to give any credit to this process, except that dipping to fill a gap goes against the "to the moon" fantasy.
This is an app called RadioLoyalty. You can play it on your desktop, laptop, notebook or cellphone. RadioLoyalty offers the platform for customization, so it looks like YOUR platform. Other companies are already using it. The points program is rather uninspired, a $25 VISA giftcard will take an awful lot of listening/viewing/referring/song rating/task completion to earn. And points must be used in 365 days or they expire. But it's free, and if you want something to listen to on your phone or computer, it's probably as good as any other radio app. I currently use iHeartRadio.
This is about building an "ecosystem." Facebook is the best American example of a social "ecosystem." The idea is to generate daily listener/viewer time. The more you have the attention of your audience, the more you can monetize the platform. CannaNet.Tv and CannaNetRadio are a nice one-two punch for keeping an audience occupied. It all boils down to content. If it's compelling, people will stick around. If it's not, then you'll lose them quickly.
INMG will be $2.37 by Christmas! Yeah, Baby!
The price per share changes your cost estimation, though. Sure, it only cost a few grand to get in at a penny. But when the share price eclipses $2, 500,000 is worth $1M. We wouldn't view those shares as having cost $5,000, we'll view those shares as being worth a fortune. Then you have to ask yourself what's the best use of that resource.
That kind of return is certainly compelling! I love options, but I use them in the way they were intended, as risk mitigation derivatives. Most of the options bought and sold today are piling on risk.
I'm with you on the options play for INMG. I sell puts on blue chips to generate income conservatively. The question here is how long before INMG meets all the requirements for options trading on their ticker? Here are the requirements:
Companies must meet four criteria before options on their stock can be traded on options exchanges:
1. The underlying equity security must be listed on the NYSE, AMEX or Nasdaq.
2. The closing price must have a minimum per share price for a majority of trading days during the three prior calendar months.
3. The company must have at least 7,000,000 publicly held shares.
4. The company must have at least 2,000 shareholders.
If a company does not meet any one of these criteria, options exchanges such as the Chicago Board Options Exchange will not allow any options to be traded on the underlying security. Additionally, because of the second condition listed above, a company cannot have options traded on it until at least three months after its initial public offering date.
Technical guys have been right just about every step of the way. Certainly for the past 2 weeks. INMG is touted as a fundamental play, but there are no fundamental metrics yet, so it's purely a technical play.
I need to learn this stuff...
Before the company was Innovativ Media Group, it was the Global Gaming Network. I looked up Total Sports Network, they use the same RadioLoyalty program as listed on CannaNetRadio.
Don't know if TSN is what GGN became, or if they are in some way associated with INMG?
I think it's a sports gaming platform that is a remnant from the Global Gaming Network days.
Yes.
Up next is David Peck from High Times. Hope he talks more about the marketing aspects of MJ.
Nice!
You could say that some "long to be long, but don't have investing horizons long enough to satisfy the longing for longness."
This probably should be deleted by someone...
I haven't seen any panning of the audience, I'm listening more than watching. Hard to get a sense of attendance. The first guy talked about legal issues, the second speaker is one of the business partners in Mirage Medicinal. She's talking more about diversity than her company, so she's losing me. No shortage of advocates in this world. Everyone has an axe to grind, just seems they're never grinding my axe.
Tomorrow we'll be able to watch the Shark Tank Event. I'm very much looking forward to that. Partcipants are:
1. Budsy
2. AEON LLC
3. Bowlies
4. Annabis
5. Traffic Roots
6. Buffalo Farms
7. Apothocary Brands LLC
8. Grass Pass
9. Lodestone Data Technologies
Been watching for nearly 40 minutes now. If it's not live for you, refresh.
If this board owns 90mm shares, that puts about 60mm in play every day. "Long" means something else here.
I agree that Tom would like to see the share price higher than it is, but he's not selling. So he wouldn't be concerned with the day to day price fluctuations.
Of all the INMG shareholders, he's really the only one that can say, "I know what I own." He's making the deals, he's putting this thing together. He knows what the future value of the company will be.