(INMG) Innovativ Media Group - World Wide Launch of CANNANET.TV Market Value $3,098,971 a/o Nov 17, 2017
Authorized Shares 500,000,000 a/o Jun 28, 2017
Outstanding Shares 281,724,670 a/o Nov 10, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 172,611,602 a/o Nov 10, 2017
https://www.otcmarkets.com/stock/INMG/profile INMG from the latest Quarterly: (Q3) Total Assets: $2,700,000
Total Current Liabilities: $90,000
Q3 Revenue: $58,000
Total Operating Expenses: $70,000
Net Loss for the Q3: $12,000 C.E.O. TOM COLEMAN OWNS 92 MILLION SHARES - See link Page 6 https://www.otcmarkets.com/financialReportViewer?symbol=INMG&id=182194 LOS ANGELES, CA--(Marketwired - Nov 28, 2017)
- Innovativ Media Group, Inc. (OTC PINK: INMG) ("Company") today announced that CannaNet.TV http://www.cannanet.tv/
, its online, ad supported channel, streaming entertainment, informational and educational content related to the cannabis and CBD culture and industry, will be 'live' as of 8:30 am EST this morning.
The platform will launch with an eclectic, on-demand mix of movies, videos and music titles, the CannaNet Radio Network, the Cannabis 101 Talk 'potcast,' a selection of cannabis related apps and a wide assortment of news, tutorials, videos and other features in its 'World Wide Weed' section. CannaNet.TV http://www.cannanet.tv/
offers a state of the art video and display ad serving platform powered by Admaximizer. This feature rich, single tag solution consists of a RTB (real-time bidding), fully mobile compatible ad network with hundreds of local, national and international brands.
Tom Coleman, CEO of Innovativ Media, said: "We have built a sophisticated platform and are pleased to now make it available to the community and public. We expect to be continually on boarding new, relevant content to the channel and we will be collecting and analyzing user data in the coming weeks to help us customize and enhance audience experience." http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Launches-CannaNet-TV?id=176425&b=y Innovativ Media (INMG) Redeems Series B Preferred Shares LOS ANGELES, CA--(Marketwired - Oct 11, 2017)
- Innovativ Media Group, Inc. (OTC PINK: INMG) ("Company"), a multi-media content producer and distributor, today announced that it has redeemed all of the Series B Preferred Stock held by an original Company investor in exchange for a Promissory Note for $110,000. The Company also reported that it had secured an investment from a private equity source for $52,000 in the form of a 6% Note, which is convertible into restricted shares of the Company's common stock at a fixed conversion price of $.0261 per share. The Company has no other debt on its balance sheet and has no obligation to register any of the shares.
Tom Coleman, CEO of Innovativ Media said: "The Company decided it was an appropriate time to exercise the option it had under a lock-up agreement to redeem the shares and remove any uncertainty regarding long term dilution. We are committed to scaling CannaNet.TV http://www.cannanet.tv/
rapidly and the funds provided by the Note will help us accelerate growth and capitalize on some developing opportunities." http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Redeems-Series-B-Preferred-Shares?id=172123&b=y
The PREFERRED B SERIES shares he used on October 18, 2017 were for 25 million shares. The 10 Preferred B shares that were exercised at market caused the dip (10 SERIES B x 2.5 million = 25 million shares). THAT CANNOT HAPPEN AGAIN BECAUSE THEY ARE NO LONGER AVAILABLE. THEY WERE EXTINGUISHED AS PER PRESS RELEASE DATED OCTOBER 11, 2017. http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Redeems-Series-B-Preferred-Shares?id=172123&b=y
This has been the dilution component for the owner of those shares since the inception of the ticker.
HE CUT A DEAL with a lender for a restricted note that CANNOT be exercised for 1 year, and it has a strike price of $0.0261. This was done to protect the future prospects of growth for the company, and to protect the shareholders and HIMSELF.
TOM COLEMAN OWNS 92 MILLION COMMON SHARES.
The first potential round of dilution would be June 25th, 2018. That's exactly one year from when the restricted shares used to purchase a minority stake in Night Flight were issued. From the PR: The Company’s equity interest in Night Flight, Inc. was purchased with a combination of cash and through the issuance of restricted common shares of the Company’s stock and was completed on June 25, 2017. BECAUSE OF RULE 144, THE NOTE HOLDER CANNOT SELL THEM UNTIL OCTOBER 2018, THEREFORE, WE WILL REMAIN WITH A FLOAT OF 172,611,602 SHARES UNTIL JUNE 25, 2018 AT THE EARLIEST!!! https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html
------------------------------------------------------------------------------------------------------------------------------------ (INMG) ***A FEW FACTS TO KEEP IN MIND*** 1. INMG is almost PROFITABLE ALREADY
....There was only a $12,000 loss in Q3 (Rev - Operating expenses). HOW MANY OTC COMPANIES ARE PROFITABLE? THE ANSWER: VERY FEW TO NONE!!! 2. INMG has VERY LITTLE DEBT/LIABILITIES
and a small locked FLOAT until mid 2018. HOW MANY OTC companies can say that? NONE except for INMG 3. WITH THE LOW OVERHEAD TO MAINTAIN THE NETWORK
(meaning most of it is outsourced), it doesn't take much money to operate it. Tom expects the CASH flow alone from advertising to cover it, and I have NO DOUBT that it will quickly. It should take no later than Q1 2018 at the latest become VERY PROFITABLE. 4. They earned $58,000 in revenues last quarter, and Cannanet.Tv wast not even up yet.
It was mostly from Live Stream Sales & Lux DIgiital Library.
The Operating Expenses were only $70,000 which was mostly due to LIVE STREAM COSTS. Even then, the company was ALREADY ALMOST PROFITABLE.
There was only a $12,000 LOSS for the quarter. COMPARE THAT TO THE MJ STOCKS WITH $50-100M Market caps. They have HUGE LOSSES, and NO REVENUES. 5. The market cap of INMG is $3M which is a JOKE.
It should be much higher, and IT WILL GET THERE!
A PPS of 0.40 would support a market cap of 50 Million, which would be in line with the sector.
The stock may not be worth 0.40 currently, but it's surely worth more than 0.011!!