Demand Brands Inc. (DMAN)

[JonnyBGood]

When they sold off the sports fantasy assets during the INMG/GBGM transaction in July, some of the proceeds were in the form of securities that INMG owned in that company (stock in the company that manages those sports fantasy assets) with a face value at the time of $120,000. That has always been carried forward on the balance sheets as an asset, but not recognized as a cash revenue. Otherwise the annual revenue would have been $218,000 instead of $98,000. Tom has been waiting to sell off those shares, either preferred or restricted common, probably because of the restriction date. Those assets may or may not be owned by Singlepoint who has been buying up sports fantasy companies. Tom may be waiting for Singlepoint's (SING), or whatever company manages those assets, stock price to rise to a certain level before conversion and/or sale.

So when that happens we'll see that cash plus any profits from the liquidation go into the revenue column. Right now, SING's pps, after a decline from Sept 2015 thru Jan 2016 (from .009 to .005), made a huge jump in Feb (up to .012) from a proposed joint venture in Asia with HotDeal Asia Limited which would launch a daily sports fantasy enterprise throughout Southeast Asia. Since then, SING has settled back down to .009 and is back on the uptrend, recovering to a little above where it was back in July when the INMG/GBGM transaction occurred. This is speculation at best because I don't believe Tom mentioned the company that ended up with those assets. But there is some connection between INMG and SING on the Uptick Newswire website.