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On the CannanetTv Radio Network, I've already seen ads for Luvs diapers, my state's Dept. of Workforce Development, BMO Harris Bank, Japan Airlines, etc.
They have a RadioLoyalty program where you earn points for listening, points can be redeemed for a pre-paid Visa gift card.
Thought it might be interesting to some to hear about how this channel is coming together.
Flashbacks!
Night Flight was probably on in the background of the parties you were at, perhaps you were too preoccupied with the party to notice?
It was in the 11pm to 3am time slot, right in your party sweet spot.
Night Flight is a separate subscription service, $2.99 a month, or $29.99 per year. Get out your credit cards.
Now if we can just get about 80 million of those bad boys sold!
INMG is a technical play. By default. It's all that is left since it's not truly a fundamental play.
Fundamental investing uses revenue, earnings, future growth, return on equity, and profit margins to determine a company's underlying value and future growth potential.
We are, as of today, a lot of data points short of that examination. This week we get a few more data points, but will still fall short of having enough information for this to be a true fundamental play.
INMG is a great story of potential, and that's all we're investing in today.
One thing is apparent after sifting through all the messages from today's session. There are about 3 investors here that are capable of buy and hold, the rest do not understand their limitations in this regard.
Every price movement prior to real revenue is based on the whims of traders. Today, yesterday, whole penny up days, none of them have any meaning in an honest evaluation of INMG as a company. Share price movement is noise, and is only representative of the carpicious nature of investor sentiment. INMG didn't drop today because it's a bad company. And it doesn't go up a lot on some days because it's a great company. That's all trading. INMG is not yet fully a company, it is a work in progress.
Here is why that is important. In the efficient market theory, it is said that stock market efficiency causes existing share prices to always incorporate and reflect all relevant information. Simply stated, .02 is all it's worth today, to traders. We need more information. And I don't mean we need a fluff PR from Tom. That's a waste of time and effort, which is likely why Tom doesn't do it. The information we need is signed advertiser contracts, subscription totals, new content generating efforts. And revenue. Always revenue.
I've said this before, but it bears repeating...if you're in for $1.00, today's price movement under 3 cents is meaningless and shouldn't move your needle in the slightest.
If today freaked you out, your position size is far too big. You have taken on more risk than you can handle. Sell some, get yourself sized right, then hold until Tom blows the doors off the pot world.
I got an e-mail today, too. Not sure what to make of it, maybe it's just my sparkling personality.
Dear iHub Premium Member,
As a premium member of Investors Hub we would like to offer you a complimentary ticket for MJAC 2017 worth $200.
Please email me back with your full name and which days you would like to attend the conference:
Whole event - Friday and Saturday
Friday 1st
Saturday 2nd
Or call me on 714 978 4581 and I will arrange personally for you.
Many thanks
Matt
Investors Hub
www.mjac2017.com
IMO, a 10 cent share price by Friday was just an unrealistic expectation. "Irrational Exhuberance," to paraphrase Greenspan. That's a big move with nothing underneath to hold it up.
The only thing moving INMG right now are MM's and long flippers. Real volume won't materialize until after 2,000 plus investors have had a chance to kick the tires at MJAC.
Daily average volume is only about $200,000. Some of the investors on this board are capable of generating all that volume on any given day.
The real fun starts when 2,000 new investors want to buy shares. Even if only 50M of the float is locked up, that's 90M shares for the rest of the world to buy. That leaves a paltry 45,000 shares for every investor in attendance.
If there are only 200 investors interested enough to buy shares, that leaves them with 450,000 each. By the estimated standards of this board, that's a small position.
Volume should bottle neck and shoot up like Old Faithful. Longs brought this stock to 3-4 cents. That's actually a decent accomplishment, considering some of us are all in around 1 cent or less. Everything you see in the share price, from here on out, is ALL TOM. This company succeeds or fails based on what he unveils to investors. I'm banking on success, for many reasons that we've covered here in detail.
For me it all boils down to this: I don't trust that much pump. That much pump has an agenda. That much pump aims to keep you long, long enough for the pumper to get out at the highest possible price.
Of course that's nothing new on OTC. In fact, it's so ordinary it's cliche.
I don't follow the daily ticks of INMG. I bought a pretty decent pile of shares, my average is 012. I'll sit pat until there is more to know about this company. Can't make a value judgement until you know it's value. Won't know it's value until we see revenue. Won't see revenue until it's earned.
I don't really care what the stock does day to day before MJAC. This price movement and volume are meaningless. It's MM's and long flippers tossing shares back and forth. The first meaningful share of INMG will be bought and sold on Friday. The first meaningful price movement will be Tuesday, after the market has had time to digest the import of MJAC.
If you're in for a dollar, price movements mean absolutely nothing when it's sub 3 cents.
Oh, almost forgot. $2.37 by Christmas! Yeah, Baby!
I'm certainly not a forensic scientist, but I know a thing or two about language. That message from your friend was written in your "voice."
$2.37 by Christmas! Yeah, Baby!
$2.37 by Christmas! Yeah, Baby!
The same people that claim to be "long term investors" in INMG and "holding until dollars," these same people post hourly on the board regarding price moves.
Traders gotta trade.
Which is exactly what the pumpers are doing. Who really thinks that INMG is different in that regard? Did we not learn anything from 3DYogi?
$2.37 by Christmas! Yeah, Baby!
Well, to be fair, I did post my Christmas prediction of $2.37/share.
Camelot continues to throw out big numbers without any logical reasoning to back it up. Even when questioned he refuses to answer. So I'm tossing more crazy on his crazy.
I don't trust that much pump, it doesn't pass the smell test and gets my Spidey Sense all tingly.
I think it's going to be $2.37 by Christmas.
I had a trip to Houston planned this weekend, which isn't going to happen now for obvious reasons, but I'm still taking Friday off. Pretty stoked about getting a much better handle on INMG's prospects. Streaming the event will be great.
Up until now it's been all pie in the sky and promises. This weekend we'll get a peek behind the curtain.
I don't know if this has been covered by anyone, haven't read all the posts yet, but if you paid for the live streaming service for Friday and Saturday, the password information you'll need to log on will be provided via e-mail on Thursday.
Contrary to public opinion, that is my plan. To hold.
When I first came here to penny land I didn't fully understand the list of standard assumptions, the conclusions that are automatically jumped to based on a few key buzz words and phrases.
A little bit of Bizzaro World, but I'm getting used to it. Hell, I can get used to anything that puts some extra zeros in my account.
Surf and turf, no prob. I just have to bank those millions first...
So when I make millions on my INMG position you'll say that I'm an institution? Friggen awesome!
Curious as to what type of investors we're talking about here. Big banks, mutual funds...non of those will invest in a speculative penny stock. Hedge funds might, but they are just as likely to short it as they are to go long.
Which institutions are likely to buy such a small, speculative company?
I was headed out of town this weekend, but the plan was to go to Houston. Doesn't look like that's going to happen now, so I bought a streaming pass for this event. It will be good to be sitting at the computer for the first day of the conference, rather than at work or on an airplane.
You do know that they are rolling out a new media outlet, CannaNet.Tv, right? If you're worried about revenue, as you should be, why not let this little venture play itself out? If they can't monetize this, then you are absolutely correct.
If you see $1.50 in December, that will be purely due to investor's irrational exhuberance. At $1.50/share, that puts the market cap at $345,000,000. It would take an awful lot of revenue to actually support that price per share. Not realistic.
I'm confident you will be holding on to your shares. As will I, at least most of them.
Thanks for defending me earlier, I read your post before it was deleted. Always appreciate a kind word or two!
The funny thing is that some of the longs here will supply them with shares. That's a fact.
Well, you're part right on the handle. It was given to me, against my will I might add.
I met a couple of 30 somethings shopping for Belize real estate. I agreed to teach them to sell puts to generate conservative income. This was pretty exciting to them, so they nick-named me Sizzle.
I'm pretty stoked about DOLV, though. I've got a decent sized position, and will raise more cash this week and next to boost that position.
2017 is the Year of the Rooster, so I think we should swap rooster in for duck.
So you're saying that with a momentum catalyst so close at hand, technicals don't really mean much to the short term outlook of the share price?
I'm totally okay with that, by the way! If it doesn't reset to 2 cents, that just means my shares didn't depreciate by 30% before taking off. That's a good thing.
If it does reset, let's just hope it does so quickly and gets right back to making me money!
Coming out of MJAC there will be all kinds of new data to digest. I'll still have an eye toward longer term outcomes, so the best thing that can happen for me is MJAC is a screaming success, the share price jumps dramatically and there is a lot of new daily interest to keep the share price at an elevated level. I can see it rising quite high, again, no numbers, with a solid revenue stream.
INMG is my top pick right now, too. As far as penny stocks go. Most of my money is tied up in investments "other than penny stocks."
I'll shoot you a PM to discuss the other penny stocks I'm in now.
Where are those walls on L2 currently?
Thanks for the well thought out reply. I would like to respond to one thing.
I think you don't give enough credit to people on this forum who I am sure have the same wise approach as me
I give credit to all investor types. I'm one of the few that defends the traders openly, even though I don't do it myself and I take a lot of abuse when I do it. I use the term "long flipper" to describe the guys who are trading shares privately, but scream at others for doing it. If you have a stash and trade a few, good for you! I applaud anyone who can make money in stocks.
I'm long, but will sell some shares after MJAC, depending on how things go, to get my original investment off the table. I've got several other things that I need to get some money in to, so I'm hoping for a nice pop and sell opportunity for a few shares. I'm holding on to 2M shares, minimum, into the 4th quarter. I want to see this thing through. So I guess I'm in your camp.
I can't imagine buying a dime bag and a pizza with cryptos. Sure, it's being done today, but why would anyone do that with something like bitcoin that could be worth 100 times what it's worth today?
I'd love to have some type of commercial enterprise set up where I'd accept bitcoin as payment. Just save it up and hang on to it.
Sure, lots of eyes on INMG come Friday. I was just asking the cheerleader how he arrived at those numbers. They represent a monumental leap over today's prices.
$0.0296 to $0.07 is 336%.
$0.0296 to $0.10 is 438%.
Why not $0.15 per share? I like that better. But I can't explain how it will get there except by wishes and rainbows.
I agree, the walls are coming down, they will soon all be down. Once the Feds figure out how much money they'll be making, and how much business they'll be taking away from Cartels, they'll rescind punitive laws.
But we're not there yet. This has to cause some type of "drag" on INMG's revenue potential.
I just like to examine all the potential impediments to my investments.
We used to say, "It's closing time, do you know where that spare 6-pack is?"
That makes sense.
I wonder what that does to advertising rates, though. Ad rates are based on eyeballs. How is the rate calculated when 70-80% of the people watching are not potential customers?
That's ultimately my concern here. Revenue curtailment due to government regulation.
Of cours, we're just talking the the US here. Europe/Germany shouldn't have these troubles.
What is the logical basis for .07 to .10 by Friday?
One more thing about the legalities...
Today, the pot business is all cash. Federal banking laws prohibit the purchase of marijuana via credit card / debit card, etc. How will buyers be able to take advantage of advertisements on INMG if they can't order via credit card?
In Colorado they have a tech solution called CanPay, it's a debit payment option for the cannabis industry. This little company is growing, expanding to more locations and more states.
More to think about, these things sound like problems, but I view them as opportunities...