and this is where you're wrong: "INMG isn't helping the situation"
what are they supposed to do? are the p.rs and news releases poorly timed? sure. long ago, in the days of real trading in the pennies i was hired to do the charting for a small pennystock company. i was tasked to find the best times to release news, and to both sell and buy shares on the market. this was a small two or three man operation that had a web based business reliant on advertising and share swapping. they not only sold, they bought back, both to control the price and the dilution. they were mostly traders, so they understood the advantages of charting. but, then, they didn't have to deal with the issue of fast chips and algol trading. and the fourth digit below the decimal is a killer. its never been harder to make trade daily in a single stock than it is now.
but not hiring or using a chartist is a moot point and inconsequential to the bigger picture.
these people have a duty to build the company first, and the building process is never one dimensional, so the stock value must always come afterwards. having a platform and model is one thing. there is no cost to supposition. but putting it in place is a time consuming matter. this isn't a big company where the tasks have been parcelled out. the idea that they should be up and running, that their webpage should be high end and functional, that their presence in social media should show constant growth, and that that they should be in constant touch with their shareholders is too much to ask of a start up.
the problem here-in that everyone is complaining has less to do with the company and more to the point that its not tradable. and to that i say 'so what'? if you buy to trade, you trade within the conditions the market offers you. no company has a fiduciary duty to provide for a better market for its shareholders to trade in. and at this point there is no inherent value that can be placed on INMG other than what the market is willing to give it. this is the end of of the year; the last opportunity for locking in profits, and paying down taxes by selling off portions and keeping a smaller core. is that the fault of the company?
its also not unimportant that the stock price was less than .002 in April, and there were lots of shares bought in that run to .0104 that have not yet come back in to the market. the volume here looks like write-off and closure time.
lastly, the volume for INMG has NEVER been enough to layer a range so that it didn't whiplash it. this trades much too thin for a stock with as many shares as there are, be it the float or the outstanding. until it does daily no less than 10-20M, it will never anchor a position. think of the price here as traveling in a hot air balloon. today they took on ballast.
as always, best to ya'
rich
AI
