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Re: StockRocket post# 52669

Sunday, 08/20/2017 1:02:18 PM

Sunday, August 20, 2017 1:02:18 PM

Post# of 127564
I agree that INMG is a better INVESTMENT than OWCP. Primarily, what they are doing is sustainable. OWCP was a great TRADE.

OWCP went to $3/share based on an ETF announcement. As of a few weeks ago, the SEC has still not granted liscense for this ETF. They haven't been able to sustain any of those gains, dropping by about 90% since those wonderful 5 days of trading. They are currently about 50% lower than the point from which they launched to $3.

OWCP shot through the roof because of the promise of institutional investors getting on board. That's a game changer that never came to fruition (yet, wouldn't hurt to keep an eye on that story, they're likely to rocket again on SEC approval for the ETF). INMG does not have this type of catalyst in the offing. What they do have is a very good idea that's about to be monetized. They don't need government blessing, they need a couple of salesmen, some servers, and a pot of coffee in the reception area.

Short of Tom dropping a news bomb on the cannabis world, INMG should go up steadily, based on sound fundamentals. I'd love to see them shoot up to $3/share so I can just bail with a crapton of cash, but I can't see their share price doing what OWCP's did, without the aforementioned news bomb.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y