Thursday, August 17, 2017 1:10:09 PM
Series B why don't the numbers ever change to match if they are being converted?
The Company as of June 30, 2016 had 11,139 shares of Series B Preferred Stock authorized and 8,152 issued and outstanding as 87 were converted into 22,880,000 post-split Common Shares the Quarter. The Series B Preferred Stock is convertible into Common Stock on a basis of 1 Preferred share to 2,500,000 Common shares and is non-dilutive as to stock splits.
http://www.otcmarkets.com/financialReportViewer?symbol=INMG&id=158582
The Company as of September 30, 2016 had 11,139 shares of Series B Preferred Stock authorized and 8,152 issued and outstanding as 3 were converted into 15,000,000 Common Shares the Quarter. The Series B Preferred Stock is convertible into Common Stock on a basis of 1 Preferred share to 2,500,000 Common shares and is non-dilutive as to stock splits.
http://www.otcmarkets.com/financialReportViewer?symbol=INMG&id=162192
The Company as of December 31, 2016 had 11,139 shares of Series B Preferred Stock authorized and 8,132 issued and outstanding as an additional 14 shares were converted into 35,000,000 Common Shares the 4th Quarter of 2016. The Series B Preferred Stock is convertible into Common Stock on a basis of 1 Preferred share to 2,500,000 Common shares and is non-dilutive as to stock splits.
http://www.otcmarkets.com/financialReportViewer?symbol=INMG&id=167410
The Company as of March 31, 2017 had 11,139 shares of Series B Preferred Stock authorized and 8,132 issued and outstanding. The issued and outstanding Series B preferred Stock is subject to a lock up and redemption agreement. The Series B Preferred Stock is convertible into Common Stock on a basis of 1 Preferred share to 2,500,000 Common shares and is non-dilutive as to stock splits. 11 shares were converted into 27,500,000 Common Shares during the 1st Quarter of 2017.
http://www.otcmarkets.com/financialReportViewer?symbol=INMG&id=171675
The Company as of June 30, 2017 had 11,139 shares of Series B Preferred Stock authorized and 8,132 issued and outstanding. The issued and outstanding Series B preferred Stock is subject to a lock up and redemption agreement. The Series B Preferred Stock is convertible into Common Stock on a basis of 1 Preferred share to 2,500,000 Common shares and is non-dilutive as to stock splits. 8 shares were converted into 20,000,000 Common Shares during the 2nd Quarter of 2017.
http://www.otcmarkets.com/financialReportViewer?symbol=INMG&id=177179
87 into 22,880,000 (87 x 2,500,000 = 217,500,000)
3 into 15,000,000 ( 3 x 2,500,000 = 7,500,000)
14 into 35,000,000 (14 x 2,500,000 = 35,000,000)
11 into 27,500,000 (11 x 2,500,000 = 27,500,000)
8 into 20,000,000 ( 8 x 2,500,000 = 20,000,000)
123 into 120,380,000... math isn't right
123 x 2,500,000 is 307,500,000
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