Well, it's easy to look back at a chart and say that it shows this price or that price but to those of us who were here before, during, and after the RS, it was excruciatingly simple. I say excruciatingly because we got burned by the RS. It was oscillating between .0001 and .0002, sometimes below .0001 and no bid for days at a time. When the RS came on April 20, 2016, the stock was at .0001. A 1:500 RS was instituted that took the 4,422,277,485 common OS to 8,844,555 and the pps from .0001 to .05. At the same time, the AS was reduced from 5,560,000,000 to 250,000,000. The AS does not automatically reduce with an RS, so at least Tom did that although if he did the same with the AS as he did with the OS (reducing by 1:500), we would have only had an AS of 11,120,000. If nothing else would have changed, INMG would have stayed at .05 with an OS of 8,844,555. However, two days later, Tom converted all of the Series C Preferred stock into 80,000,000 restricted common shares and issued himself another 12,000,000 restricted common for compensation in lieu of a salary for continuing as the manager of INMG for the next 3 years. That's when the price came down fairly quickly into the .003's. So even with the quarterly revenue of $50K, without any new revenue it would not get above .003, ever.
Fortunately for us, enter Mountains of Madness. The whole point of the RS was to actually create MORE stock so that when INMG actually came through with Mountains of Madness, as well as other production material like New Broadway Cinema, the VOD search engine, and other web based video series like Mountains of Madness, Tom would be able to issue more stock as larger investors came on board.
Well, October is here and we'll find out if the production schedule will stay the same or be pushed out another quarter. Those million share trades that recently happened could very well have been Tom converting some of his stock into cash to finish the project. Who knows. The issued has climbed from 111,000,000 to 123,724,670 (a/o Aug 11, 2016).
I noticed that they took the number of subscribers (it was 120 but that number never changed even though there were new subscribers) off of the HPLOVECRAFT.TV web channel. So something is up. Not sure what though.
We'll see. October is the month.
Personally, I doubled my share count by averaging down. I have continually purchased small amounts in the .003 to .004 range. Although I may wish that I had more when this goes back up, I have still lost money on this stock. So I will not buy any more until there is a solid new revenue stream reportable through an 8-K, 10-Q, or 10-K.
