Demand Brands Inc. (DMAN)

[JonnyBGood]

This could be good or bad. I can't see this sustaining at .05 without some serious PR. They were supposed to create a new web page for the movie but I haven't seen it yet. Can't tell what's going on inside without news.
Seemed like a legitimate business but you can't RS without some associated news or development and expect it to go anywhere but down.
Could be he's just trying to create more shares. We'll see.

The $4 million in preferred stock is convertible at $0.20 so even after the RS to .05 it would have to climb 4x value to get it to $0.20 before he could convert it and get the full $4 million. Remember in the RS statement in the 10-K annual report that he said the preferred shares would convert to common restricted shares. That usually means there's a restriction against selling them (usually a time period of 6 months to a year)

Tom either has some big announcements this week or next when it comes out of the RS at .05 that will sustain it and put confidence back into INMG to cause growth, or this tanks. One or the other.