A few observations about today and MJAC:
1. If your investment success depends on the CEO putting out a PR to add value to your position, you are a trader and not an investor.
2. There are no "high value investors" crawling over each other trying to grab shares of INMG. I know many high value investors, they don't trade in companies that do not generate revenue. Period. This is how they become high value investors in the first place. I've talked with a few about INMG, gave them the elevator pitch. Each of them said basically the same thing, call me when they're making money.
3. If you are traumatized by today's price action, you have taken on more risk than you can mentally handle. Do yourself a favor and lighten the load tomorrow. Sell a few shares, take some risk off the table, and things will seem a little better with some cash in your account. If you won't do yourself that favor, then do the rest of us a favor by not crying about paper losses on a penny stock.
4. INMG hasn't made a dime yet. There is no reason for a value investor to be here. If you don't have the patience to hold your position until INMG is up and running for a few quarters generating revenue, then you should sell and move on to something better suited to your shorter term thinking. Not a value judgement here on any individuals, more a value judgement on INMG as an investment opportunity. Everyone here now has ample evidence that INMG is not a short term, get rich by Friday proposition. If you want some "to the moon," watch old espisodes of The Honeymooners.
5. INMG was not well attended, at least not by the standards set by IHUB. Two days prior to the event they tried to give me a couple of free tickets. This event was WAY OVERHYPED by some of the investors on this board. And by overhyped I mean borderline criminal.
6. If you were truly long before MJAC, you should still be long today. INMG is a first to market entertainment and advertising platform in an exploding market still in it's infancy. Revenue is right around the corner with the hard launch in Q4. With revenue comes the type of volume and price movement that can only be generated by investors who buy long term. Revenue also brings analysts to the party, institutions that predict price movement that other investors blindly follow. It's all about the Benjamins. If you can't wait until the Benjamins start flowing, then you should sell tomorrow.
7. In case you missed it, the central theme to what I've said is REVENUE. INMG will never get out of neutral until they are ringing the cash register.
