Tuesday, June 13, 2017 10:03:06 PM
I was in owcp in September of 2016 at .0066 when the convertible debt ended. I watch this go from that level to .04 then retreat to .01 then two weeks later to .20 and then from there traded from .08 to .20 until December when it went to .90 and then came back down to .50. It traded between .50-.75 until the end of February when owcp announced the company would be presenting at a Wall Street conference. Two days later it went to $3.15.
The rise to 3.15 was totally due to supply vs demand. I was long and many of the early crew was as well so we locked that float up pretty good. Owcp float was like 135mm.
When that announcement dropped about the Wall Street conference it created a MOASS mother of all short squeezes. The shorts had been beating Owcp down while it traded in the .50-.75 channel, they had little time to react to the demand that came with the news I.e. The hard sharp rise. The message board before that Wall Street announcement was the most negative thing I have ever seen. But the day of the announcement Peeps from every walk of life wanted in on Owcp. It was like handing crack to a crack head, peeps were buying never really understanding what they owned. Also it was tax return season so a ton of dumb money entered that ticker at the wrong time. Since then, you see the depression back to the original takeoff point of .50.
The same thing you will see here minus the retreat. The only difference is:
Industry:
OWCP for lack of better terms is biotech, one hell of a tricky investment, for ever 1 winner there are 50 losers. Lots of cash need for success.
INMG is in the media and advertising industry. One big advertising deal, one innovative media channel and the sky is the limit. There is not a huge demand for cash, relationships and scale are the keys to success.
Getting approval to operate an MJ station in Berlin is a heck of a lot easier then approval to sell topical cream.
Now if that station is successful and it's able to morph into a station in Israel or Italy, we will see continual gains. All the while OwCP will still be trying to get approval for the topical cream and then will need to address the most important part of all, HOW to sell it.
The most beautiful thing I have ever said was this https://twitter.com/vinnie2times/status/869934748017315840
Image the day when OWCP will use INMGs network to advertise\sell their FDA approved topical cream! This will happen someday. Best part for INMG is this is just one company that has a lot to do before this will happen, image all the companies out their ready to advertise their products today. The possibilities are endless.
Just my .02 or should I say .0127.
All in my opinion of course.
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